HR 2284 House Bill seeks changes to tax code of 1986
rooksmith
Posts: 1,289 ✭✭✭✭
https://coinworld.com/news/precious-metals/bill-seeks-changes-to-tax-code-of-1986
https://congress.gov/bill/117th-congress/house-bill/2284
I saw this on Coin News today. I don't have a full subscription, so I just get the basic headlines.
Anyone want to give a probability of this passing? It would be good for the bullion market would it not?
“When you don't know what you're talking about, it's hard to know when you're finished.” - Tommy Smothers
0
Comments
It sure sounds like it would be a good thing for the bullion market. Since it’s sponsored by a democrat it has a bit more of a chance right now but it will have many hurdles to go through and probably many amendments.
Interesting. I'm not holding my breath though.
no hope
The sponsor is a republican
The sponsor is A Mooney D-W.Va, however as the current president has been pushing for more capital gains tax increases I do not see much chance of this passing.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I don't see it happening.
He's a Republican
https://www.congress.gov/member/alexander-mooney/M001195?searchResultViewType=expanded
I guess it’s a typo in the report. In any case, it would be good for bullion users but probably unlikely to pass as is. It has a long road to hoe.
So he is, I was just going off the report which is wrong.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
We should all contact our Reps/Senators and lobby in favor of this...Phone calls, emails, letters to editors... The more noise, the more attention, and we know how loud small factions can be in these times. Cheers, RickO
Does everyone understand that this is a double-edged sword?
You won't be able to recognize any losses on precious metals or write off losses against gains.