Message:

<p>[QUOTE=&quot;Coinman_Ben, post: 597751, member: 9923&quot;]I guess whoever told me that, or at least left me with that impression, probably meant that there&#039;s no income tax on those sales, but forgot to mention (or maybe my selective listening tune out of the fact), that there&#039;s still capital gains tax when you go to sell the coins, even if you accept them as payment for something else, the only difference is that if you sell a car or some other big ticket item and accept silver eagles as payment, you&#039;ll have to figure out how much you bought the silver eagles for based on the original asking price for the car, and than when you sell the silver eagles, you&#039;ll owe capital gains tax, which is less than ordinary income tax, so that could still be a 20% tax savings over accepting us dollars for the car (which would be taxed at the rate of ordinary income, which is more than capital gains tax).&nbsp; I don&#039;t know why I was thinking it would be quite the way I put it, maybe it&#039;s just been a long day, or maybe I&#039;m just tired, or maybe I just got bad information and just wasn&#039;t thinking too hard about it because it was late at night when I received that information, which is usually when it&#039;s hardest for me to think through if I don&#039;t already have my mind made up about certain issues.&nbsp; In other words, it can be easy to take certain pieces of information and twist it into something that&#039;s sounds good to the ear (especially if you hate paying taxes), but just isn&#039;t realistic, especially late at night when the mind starts to shut down.[/QUOTE]</p><p><br /></p>

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