Silver is Untaxable!

[thebryghtidea]

Great info! Thanks and my God watch over you!

[pipefitters1]

So i don`t have to pay taxes on my silver even if i make 1000% ? do i have to pay taxes on my gold ?

[garysquirrelreviews]

20% tax in UK

[lanceawatt]

lol the avoidance of taxes will only smite you in the face twice as hard in the future in the form of inflation since the Government needs to print money out of thin air to make up for avoided taxes.

[lanceawatt]

Biblical law lol.

[thebun2]

Why on earth would you pay capitol gains tax to the government on something they don't know that you own? Fools are born every day.

[CollectibleCoins]

Don't worry they will eventually charge you tax

[gastondlt]

I bought silver at a coin shop the other day and I was charged sales tax. Is that correct?

[MrBiggMan]

god's laws? you lost me - freak

[JesusChrist5000]

If you sell silver, you must pay not only a capital gains, but a collectible tax. This guy is wrong.

[manny298]

Let's face it, owning gold and silver is much simplier than dealing with IRA's, stocks, etc... Owning real gold and silver requires absolutely no paperwork... :)

[CrashMarket]

The IRS is a thug organization that works for the powerfull

[whtswrngwthupeople]

another thing of beauty about silver, less than 2 % of population owns it so the government really doent give a crap about regulating it, pfcourse that could change.

[hozayamz]

Your IRA and 401k is being eaten alive by inflation and the fees of some jerk who sits in a leather chair and laughs at you. If you are part of a family structure, organize transactions without the parasitic two legged cockroaches finding out about it. Learn the difference between legal and lawful. If government were lawful, their appearance in daylight would be as rare as a full set of teeth on a hen.

[letnamsiew]

BEAUTIFUL TAX LOOPHOLE ?

[zcg3]

Let me tell all you people something...the government can and will do anything they fuckin' want. Scream all you want about the constitution. I had silver & gold, sold it and it was taxed as profit. I also have been saving money for the last 26 years, allowed it to accumulate in the bank and the IRS is saying that it is unreported taxable income. I'VE ALREADY PAID TAXES ON THIS FREAKIN' MONEY AND I'M BEING TAXED AGAIN AFTER AN AUDIT IN 2010.

[senses2000]

@zcg3 Why did you report it?

[zcg3]

@senses2000 It was reported by the dealer...

[senses2000]

@zcg3 Give the dealer and A$rth Wooping! Well, if you don't know, now you know! Sorry to hear that man!

[SilverSnowball101]

Silver is king!

[ManufactureBelief]

I listened to Mike Maloney and Robert Kiyosaki's advice on owning physical silver. Robert said: "I believe this is the biggest investment anyone can make in the next 100yrs" I did my research and found an opportunity that has changed my life in 12 months. Take a look like i did.... Visit: goldsave.co/

[genesistwoeighteen]

46:6 They lavish gold out of the bag(go off gold standard), and weigh silver in the balance, and hire a goldsmith(Federal Reserve); and he maketh it a god(dollar): they fall down, yea, they worship.

46:7 They bear(Rev. 17:7) him upon the shoulder, they carry(federal income tax) him, and set him in his place, and he standeth; from his place shall he not remove: yea, one shall cry unto him, yet can he not answer, nor save him out of his trouble(ecenomic hardship).

[reksub10]

everything is untaxable until someone who has a big army says they are taxing it from you

[beenthere1run]

i called in my state and they say if i sell my silver i have to collect state sells tax

[Tanarus20]

Silver is Untaxable! ??? Give em time! Government will find a way...trust me!

[staydput]

The IRS is not buying into any of this.

Silver sold at a dollar profit is taxed.

Which is crazy since at this time such profits are illusions. They represent destruction of the value of fiat currency.

[tonyinfinity]

If you buy an X amount of silver and keep it for 20 years, then sell it for profit, how would "they = irs" know what you paid for it 20 years prior or that you even bought it 20 years ago, and how would "they" know what the profit would be. Therefore how could "they" come up with a tax amount?

[reksub10]

@tonyinfinity its called honesty youre supposed to declare it

[tonyinfinity]

@reksub10 ROFL That's the best thing I've heard on here yet! Because the IRS and our government is honest?! lol OMFG

[reksub10]

@tonyinfinity you did ask the question "how do they know" and the answear is "yuo are supposed to declare it" but i guess you caught the undertones of sarcasm cos who the hell would declare it

[Spanky00Cheeks]

Fraud.

[Bigole58]

Thank you so much , this is good information , Thanks so much for your time .

MEMS

[RandallSteen]

Great advice!!!



[da1cbiz]

Intelligent Man!

[airwickairwick]

using the bible as a guide for anything is simply retarded

[spiff2003]

@airwickairwick Tell that to our four fathers who wrote the decloration of independance and the constition moron!

[airwickairwick]

@spiff2003 The bible is the basis for the Constitution eh? Try researching Jefferson's thoughts on Christianity and the Bible. In addition, the Dec of Independence is not a legal document and plays no roll in the laws of our country. "four fathers and decloration" eh? You're a joke.

[1chade1]

"I believe that is somewhat like a tax on withdrawl of your money out of the banking system, but i digress" haha nicely put :-)

In Norway there are no tax on acquiring silvercoins as long as they have a face value. Bars are taxed with 25%.. but then again, with coins you have a higher premium..

[applegems]

This guy is made out of silver. ROBO MAN.

[alistairproductions]

love the video, very informative, this guy talks a little bit like a robot though

[urkingod]

What if I brought my silver back to Japan ? The Japan Custom will tax me to death ~!!!???

[anyname666]

Man this guy does not get ANYTHING

Auto registration vs Silver registration

Roads, auto title, Rules for the road

Silver title? Rules for the Silver?

Look into a crystal ball & check with your lawyer 20 years from now?

What is he saying anyway?

Everything he just said about silver could be said about soda pop

There is no income tax on soda pop

The more soda pop u own the more your inventory is worth

If u want to see how much I am worth give me $40 a month & I will let u see my soda pop

[Recon777x]

Message to the guy in the video... If you're a Christian, you're a member of the Kingdom of God, which is a different kingdom than the governments of men. You are not morally obligated to follow their tax laws regarding money God created (physical silver and gold), and should not feel guilty at all for avoiding unjust taxation when possible. This is an unpopular message to many, but it is true. The tax laws are designed to steal from you that which the government has no business stealing.

[Recon777x]

@jdl1881 You need to reread Romans 13, which actually defines the "authorities" that God sets up. The wicked fear them for they punish those who do evil and reward those who do good. The secular governments of the world are nothing like this and in fact do the opposite. There's a difference between "powers" and "authorities". Its crazy to assume we are bound under whatever whim the governments call law. Jesus set us free from legalities of men.

[maggoli67]

I buy from moms silver all the time. Thanks, Jason.

[AlexStrider]

who wants to be this guy has a dump truck full of silver.

[Pickles9461]

there are no taxes in the world

spread the word that on October 13 2009

watever you buy refuse to pay taxes

[gadamide]

hey Pickles... whos brainchild is this?? How about on October 13th, refuse to PAY full stop!!! Bring it on.... end to the monetary system

[SavageArms357]

I wonder if he keeps his silver in that safe..

[sulthus]

i dont know, i just seen about 5 vedios on how to pick all locks........

[Mongodelight]

muahahahahahahahaha to purchase my silver i had to pay 7% taxes to my fucking state Germany. its taxable.

[deathmarch5]

but in usa its not taxable

[GreenBlazerGolf]

That's sales tax ... You have to pay that in the U.S. too. His point is that if you were to sell it there is no reporting of that transaction to the IRS as there is with capital gains in stocks or real estate.

[blahdelablah]

Just to say I've seen a few of the videos on YouTube advocating buying precious metals like silver and gold. Surely if you were looking to protect your money it would be better to buy something which is useful and can be sold on at a later date, which is land. At least with land you can use it to grow crops, silver just sits there doing nothing, though it probably will be a more stable investment than paper money.

[chadgresham]

It does do something. It holds value and should increase in value as gold becomes more expensive and silver ratios go down around the world. The thing about land is that it is not a true asset. WHY? Because you have to spend income to maintain it (taxes) or spend money to gain income from it.

[blahdelablah]

@chadgresham

Maybe in the US land requires upkeep to maintain its value but here in the UK there are well established ways of having your land generate income without having to do any extra work after the initial set up. Besides, what's more valuable than the ability to grow your own food?

[chadgresham]

good point!

[GreenBlazerGolf]

Do you realize how much empty land there is? Space is not a problem on earth ... It's resources that's the problem. By your philosophy you should buy oil or something else in the energy sector rather than land.

[blahdelablah]

@GreenBlazerGolf

"By your philosophy you should buy oil or something else in the energy sector rather than land. " How would oil tie in with my philosophy? What use is oil once it is spent? Worthless. The value that land generates is renewable, you can grow crops on it again and again (unless you abuse the land), plus food is something people will always want. Something only has monetary value if there are people are prepared to pay for it, food will always be in demand, is that true of silver?

[andrewrosso]

break the law what law on income tax?

[goldmarketprice]

A 17% VAT on buy silver---rediculous, it's not a "purchse" unless it's a numismatic coin or something. That's like exchanging currencies and the government taking 17% as tax. I'm glad I don't live in Europe.

[gete0]

Decebal825 ...You have no class... Sad, I feel very bad for you.. Grow up!

[RunesOfPrussia]

That's what I found when I bought Silver in Australia, the Silver I bought under the tax line was $0.00, which is how I came to realize it is not taxed, after all Silver doesn't really go up but only protects again Inflation

[blabblab1212]

Silver is ready to rise again! Can't you feel it in the air?

[Raycheetah]

Heh! It touched on $12, today! Buckle your seat belts!

=^[.]^=

[1999prelude]

hi mate, where have you bought 12$ silver. bc i'm planning 2 buy plenty of those in these days. can you please tell me?? thank you

[Raycheetah]

Sadly, that was last week. Spot price is now $12.70 US, and your actual buy price will likely be higher, depending on the form of silver you buy (bullion vs. bullion coin vs. numismatic vs. "junk" silver). I like APMEX a lot! They don't hide any extra charges; what you see is what you'll pay (plus shipping). Look for things like "As low as $3.49 [per oz] over spot." "As low as" usually means if you buy a certain minimum quantity of an item, but that premium is still very competitive. =^[.]^=

[Decebal825]

because of the importance of the topic,a religious wacco who believes in fairy tales should not be taken seriously.

[jacoff1973]

By failing to prepare, you are preparing to fail. ~Benjamin Franklin

[vegaswolf]

It's not that it's NOT taxable. BUT the IRS lost a case in Las Vegas when an employer paid his employees in silver and gold coins. The argument was that the face value of the coins (not the market value) was what he based his pay on. Therefore the salaries were too low to meet income tax rules. He won. Do a search for Robert Kahre and IRS.

[Avigadro]

I called the IRS and asked them if I should report my silver profits as capitol gains and they said that I should.

I asked them if I should listen to an IRS agent or some douche on youtube and they said that the former would be advisable.

There you go...

[TadRapidly]

The IRS in an illegal, unconstitutional entity as is the federal reserve. Did you cover that with your completely-honest and highly-informed IRS agent? And don't call jason a douche. He is trying to help you.

[gete0]

Avigadro ..you pay no tax on silver..if you do you are crazy...please tell me you haven't?!....NO TAX ON SILVER...GET IT...If they tell you you have to they havn't got a clue....ZERO TAX!!!!!

[AryaStarkFan]

Wrong. IRS taxes purchases and sales based on value. A famous legal case involved a man who bought and sold old US money in exchange for FRNs. The IRS got him. Silver and gold can be hiden`, but IRS says they are taxable.

Silver and gold *should* not be taxed.

[gete0]

They may say that but it's a lie..NO TAX ON SILVER!

[JhnWalker19]

$40 a month? but I thought investing my money in silver was the better option? Why do you want 40 dollars anyway, silver not making you enough money?

[mickyboy1987]

i agree with your philosophy rugged but gates and buffet actuall sold their holds in silver a long time ago.

[rugged74]

julebuggy, Oh really? And I suppose Perth Mint's delivery delays are due to shipping problems? Get real! Jason is right and silver is running out. The market will either break sharply higher or silver will disconnect from the spot market as the world becomes aware that regardless of what the price is, there's no silver for sale. Do you think Warren Buffet and Bill Gates were wrong when they bought their silver?

[secretgecko]

This guy is idiotic! Despite what "biblical scholars" might say there is no provision within U.S. law for alloidial title. In fact, there are very few places in the world with this provision. We have a Fee Simple structure of ownership in the U.S. which is burdened by four conditions - property tax, eminent domain, police powers and escheat.

[gete0]

US and Canada both do NOT TAX SILVER!,..I can't believe what i'm hearing...no tax on silver

[motn12]

what the fruck? what a frucking idiot. how has no one killed this guy.

he says "who knows what the tax rate on capital gains will be check with your attorney twenty to thirty years from now"

[maxine2win]

this man is a nut

[gete0]

Call him a nut if you want but this nut has saved me about 18,0000 in taxes......in fact...there was a short time that I paid tax on silver then learned of this truth and got the paper trash back from the goverment...Thank you Jason!!!!! NO TAX ON SILVER!!!

[gete0]

i meant to say, 18,000 in taxes..lolo...(eighteen thounsand) not 18,0000

[Alpha7000]

At min 5:10 you say there is no obligation to report when selling silver. So if when I sell in a few years I make let's say 400,000 gain, and if I buy a house or two, how can I go about not reporting where that money came from. Even at 6/49 you have to be taxed on. So I cannot just say that I found it ...

[gete0]

lets say you have 100 canadian dollars in the bank...2 months from now if the CAN cash had risen and the US cash against the CAD cash, lets say 10% and you sold you CAD cash back into US cash you would make 10 dollars in US cash, YES?!?...Yes!...Would you pay tax on the 10 bucks?..NO!...Now, silver is the same way!..NO TAX ON SILVER!!!!! Please don't let someone lie to you and tell you you pay tax on it because you don't!

[Alpha7000]

If you talk about things that you can do with cash, received on your silver, correct. You missed out on some important details though.

When the precious metal dealer (such as Kitco) issues you a check for half a million, it is declared. It doesn't matter if it was the untaxable silver or another PM. So any ammt you get paid by the PM dealer is OK if you take it in cash. But then you won't be able to buy a house wih it.

[gete0]

Thanks for the reply, can you please clarify what your saying.. I think I know what your saying but not sure... YOU CAN"T TAX SILVER!...Your profit can't be taxed either...

[FactionKustomPaint]

$40 a month. i will get right on that. 8-P

[amalthea25]

he scares me. head moving, not body. AAAAhhhh!!

[julebuggy]

This asshole has been exposed by Peter Schiff as having an agenda against Perth Mint silver holdings. Do not believe the bullshit he spews about shortages of silver at the Perth. The Perth Mint is a AAA government backed mint and is certainly capable of redeeming silver at a reasonable time frame.

Again, be careful of what this guy says.

[joshrain1]

you are an idiot. do you trust the australian govt. or the physical bullion. check out his site. i think schiff is wrong here.

[frontier1701]

Redistribute????? We call that communism today

[OghamTheBold]

Tax isn't for priests - it's for wars

[ditkuss]

Unfortunately, the tax on collectibles he is talking about is 28%. That's a ridiculous amount to pay just to exchange real wealth for monopoly money. I don't think anyone who owns physical gold and silver will be reporting any gains to the IRS.

[gwho]

could'nt they just make silver sale taxable and leave records? since this is about silver, and you mentinoed that this benefit is not for gold, which is just a commodity like silver.

the benefits exist only as long as the government is graceful enough to leave it be. the power must be in the hands of the people once more.

[larrythemalicious]

Silver and precious metals are taxable in many states, but others have exemptions for bullion. California exempts bullion purchases over $1000 from sales tax, for example. and out of state purchases are generally not sales-taxed either.

[kerrikku]

so while silver may be untaxed , it's wouldn't be correct to say it's untaxable like this guy is saying, am i right?

[larrythemalicious]

since avoiding sales tax is trivial (at least in the states) it's essentially untaxable. Unlike real estate, you can't be charged a property tax, unlike fiat it can't be inflated, since there's no record of it it's hard to tax upon inheritance, there's no tax even if silver doubles in value. not to mention it's a scarce, industry critical commodity.

[sonnybrown]

So does that mean it's not wise to buy silver if you're spending under $1000? Reason I ask is because I'm in California.

[EdibleDude]

Is everything he said about silver true for gold?

[kd7one]

I'll bet you an ounce of silver he is going to vote for Ron Paul.

[corvettedude346]

You owe me an ounce of silver (unless he writes Ron Paul in) it's a shame he dropped out of the race

[happosai21]

lol :D smart guy

[blabblab1212]

$20.00 silver by the end of 2008

[STORM6490MT]

Ya think? That would mean that our dollar took a shit!

[methylamine]

you were RIGHT! it did hit $20 in 2008, now it's back at about 11...BUT that's MONEX, if you actually try to buy it for immediate physical delivery, it's more like $15

[coastale]

Not taxable, and it pays dividends. Because silver that sits in your drawer increases in size and weight, and this addition is considered a dividend. Oh wait, that's right, it doesn't.

[STORM6490MT]

Doesn't pay dividends but doesn't get robbed like your dollar does when they inject more fiat currency.

[jingling30]

Yeah, I would advise the Government to stop breaking the law and taxing people on personal income. It is common sence that you would tax on a profit gain in selling goods. But not on service. It was illegal in biblical times to use unjust weights and balances. Meaning, you couldn't make a profit. Plus you couln't get interest on loans.

[STORM6490MT]

It's not the Govt. man! It's a private company!

[Lanceshizzy]

As the amount of money in your IRa or 401k grows paycheck after paycheck dont taxes also go UP so that when you retire taxes could actually be much higher then many years ago when you started putting money into 401k/IRA

[Lanceshizzy]

is it possible to access your money that you have in IRA or 401k before you retire?

[tylerdurden246]

Lanceshizzy, I don't know about an IRA, but with a 401k most jobs will let you take out loans on your 401k, or if you quit your job you can pull out all the $ in your 401k but u have to pay all the taxes Plus a 10% penalty.

[robertlaf]

Do you buy bullion or rare coins like Morgan silver dollars? My Morgans didn't go up much last 5 years. One 'expert" told me to buy Kennedy half dollars, 90% silver, they are under $7. It's all confusing to me. Bullion could be confiscated, yet numismastic has never been confiscated has it? Thanks

[taichimotion]

I have had both since 1989... but whoa, what's the part about bullion can be confiscated? How would that happen? Do you mean the govenment taking away peoples guns and silver or something like that? If so, I would think that nothing would be safe?

[robertlaf]

FDR confiscated it, I didn't say I was going to give it up. If you think the govt. is going to obey the law I would say that is naive.

I found my answers, pre 1964 junk silver and silver rounds are the best for silver. If govt. confiscates, it will confiscate everything. Gold and silver salesmen have been bs'ing mostly I found out.

[jingling30]

bury it. are you gonna give up your guns too when they ask from them? How bout your life? Like the jews did. Without resistence.

[STORM6490MT]

Pre-65 silver coins have been circulated and can not be confiscated along with any numismatic coin that has been minted by a recognized government and has a given value.

Bullion can be confiscated, but who would give it up? How would they know you have it?

I think bullion is the better way to invest in silver because you don't pay much over 2 percent above spot if you shop around. With the numismatic coins you pay a heavy premium for fancy designs.

[STORM6490MT]

But... One good thing is that people never question a transaction when you have a beautiful canadian maple coin. The purity is slightly better and they have the possibility to be rare or whatever. I'm addicted to the Maple!

[getbullion]

Have you found the premium to be lower on Canadian Maple Coins? We have. It might help that we're Canadian, so our dealers get us a better deal.

[STORM6490MT]

It varies a little. Seems that the eagles have more potential to gain numismatic value. Monex is usually lower on the maples. I think the Canadian silver is more beautiful. So, it's a plus for me.

[hillerm]

You will never be free as long as long as the government has the power to completely devalue your savings at anytime.

[joe3222]

This is deceptive. What he doesn't mention is that if you buy silver, you must do so with after tax income, but if you put your money into an IRA, it is before tax.

[tylerdurden246]

joe322, an IRA is deceptive, so is a 401k. They are not 'tax free' they r just taxed later when u pull the money out. Sooner or later doesnt matter, they still tax them either way before you ever get to use it. It's just delaying the inevitable.

[jingling30]

I know people who lost a crap load of money in the 401k's on black tuesday. Whatabout people who worked for Enron. Thousands got screwed. BTW, the govmnt was behind Enron and the legal discovery was in building 7 in NY. Now gone.

[StorminNormin1977]

Here's an easy low budget way to support Ron Paul. I have ordered business cards that support Ron Paul with his name, website & key points of strength on them. Ordered from vistaprint dot com 250 cards for $5.45 shipped! Pass them out to family, friends, neighbors, at festivals, parades, where ever. It's been working great for me. As I hand them out I say vote for Freedom, peace & prosperity, Google ron paul for president!

[ldFlorida]

Buy Silver! Most people do not know that silver is actually rarer than gold! Top silver experts believe it can go to $200 an once and beyond depending on factors concerning silver.

[Raphael618]

Tremendous form mr. Hommel. Im long silver and gold. and feeling good!!! RON PAUL 2008 STRONG!!!!!

[snipboy]

Ron Paul is the leading advocate for freedom in our nation's capital. America was instituted on the basis of creating a limited and balanced government. The revolution was fought to prevent a centralized government to take shape that would deny its people intrinsic rights. What we have in America today is a centralized totalitarian state. At the expense of local governments which help create healthy communities. Returning to the gold standard is the best way to place a firm check on our gov.

[lorax2013]

Great video - to hear a similar video which also discusses the monetary system, look up "real story of money"

[mclifer]

Hi Oh Silva