Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
NORFED Founder Convicted Of Minting Liberty Dollars
>
Reply to Thread
Message:
<p>[QUOTE="19Lyds, post: 1132081, member: 15929"]Virginia Yes, Utah No.</p><p> </p><p>Utah passed legislation allowing the State to "accept" bullion as a payment form for taxes.</p><p> </p><p>Virginia on the other hand was proposing legislation to "mint" commemoprative coins out of bullion to "sell" and bolster their cash reserves.</p><p> </p><p>Two different things.</p><p> </p><p>One is accepting bullion for is market value as "lawful" payment of debt whereas the other is for "selling" bullion at its market value.</p><p> </p><p>Ref: <a href="http://www.foxnews.com/politics/2011/03/03/utah-considers-return-gold-silver-coins/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.foxnews.com/politics/2011/03/03/utah-considers-return-gold-silver-coins/" rel="nofollow">http://www.foxnews.com/politics/2011/03/03/utah-considers-return-gold-silver-coins/</a>#</p><p> </p><p>"The Utah House was to vote as early as Thursday on legislation that would <b>recognize gold and silver coins issued by the federal government as legal currency</b> in the state. The coins would not replace the current paper currency but would be used and accepted voluntarily as an alternative. </p><p>The legislation, which has 12 co-sponsors, <b>would let Utahans pay their taxes</b><b> with gold</b> and also calls for a committee to study alternative currencies for the state. It would also exempt the sale of gold from the state capital gains tax.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1132081, member: 15929"]Virginia Yes, Utah No. Utah passed legislation allowing the State to "accept" bullion as a payment form for taxes. Virginia on the other hand was proposing legislation to "mint" commemoprative coins out of bullion to "sell" and bolster their cash reserves. Two different things. One is accepting bullion for is market value as "lawful" payment of debt whereas the other is for "selling" bullion at its market value. Ref: [URL]http://www.foxnews.com/politics/2011/03/03/utah-considers-return-gold-silver-coins/[/URL]# "The Utah House was to vote as early as Thursday on legislation that would [B]recognize gold and silver coins issued by the federal government as legal currency[/B] in the state. The coins would not replace the current paper currency but would be used and accepted voluntarily as an alternative. The legislation, which has 12 co-sponsors, [B]would let Utahans pay their taxes[/B][B] with gold[/B] and also calls for a committee to study alternative currencies for the state. It would also exempt the sale of gold from the state capital gains tax.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
NORFED Founder Convicted Of Minting Liberty Dollars
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...