Monday, February 20, 2017

Sound Money Bill in Arizona

The Arizona house legislature just passed a bill on 13 FEB 2017, that would eliminate state capital gains taxes on gold and silver specie, and encourage its use as currency. However the senate still needs to approve it. If passed this could help limit the Federal Reserve’s corrupt monopoly on money.
Representative  Mark Finchem, a republican introduced House Bill 2014 (HB2014) on 9 JAN 2017. The bill would eliminate state capital gains taxes on income “derived from the exchange of one kind of legal tender for another kind of legal tender.” The bill further defines legal tender as “a medium of exchange, including specie, that is authorized by the United States Constitution or Congress for the payment of debts, public charges, taxes and dues.” 

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