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Thread: New California tax hike...on metals

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  1. #1
    Join Date
    Mar 2009
    Posts
    11,752

    Default New California tax hike...on metals

    This is an update on the threshold for the metals tax price hike. Old was a 1,500.00 and over to beat the tax. Now, they've raised it as off Jan. 1st. 2023. But it has not been implemented as yet.

    Watch this for details.

    https://www.youtube.com/watch?v=7h6MqSmml5I
    ...be your own Health Care System... grow your own and eat well

  2. #2

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    Florida is $500 to beat the tax.
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  3. #3

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    Wrong, it's been implemented. I think in May. While ordering 1 gold bar last week, I was surprised to see tax added, as I was spending just under $2K. I called, and they told me of the new rule. So I ordered 2 bars. Apparently, the rules have it that they reset by $500 whenever inflation is calculated to have increased that amount.

    This does not help poor people wanting to save, that's for sure. It's a lie that California cares about the poor. They want the poor to be in debt and do undocumented work. And they can live on the street such as to learn to be grateful for any handouts they get from their masters of illusion.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  4. #4

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    One more reason that I'm glad to see the California border is behind me. Tax everything that doesn't move seems to be their solution to self inflicted destruction. Twenty five years living there enjoying the Sierra Nevada and other beautiful places couldn't keep me from selling up and getting the heck out of there twelve years ago. Sad to see such a mess that they've turned themselves into. But some people just don't understand that they have created their own pig pen. Next move we do will be to seek the reddest of red states and hope that those the F'ed Wackfornia up stay far far away.
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  5. #5

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    Quote Originally Posted by LongDonSilver View Post
    One more reason that I'm glad to see the California border is behind me. Tax everything that doesn't move seems to be their solution to self inflicted destruction. Twenty five years living there enjoying the Sierra Nevada and other beautiful places couldn't keep me from selling up and getting the heck out of there twelve years ago. Sad to see such a mess that they've turned themselves into. But some people just don't understand that they have created their own pig pen. Next move we do will be to seek the reddest of red states and hope that those the F'ed Wackfornia up stay far far away.
    well, florida is quite red.

  6. #6

    Default

    Quote Originally Posted by maxwellsilverhammer View Post
    well, florida is quite red.
    And hot.

    But it's still possible.
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  7. #7
    Join Date
    Jul 2023
    Posts
    2

    Default

    I agree, this is a regressive tax that disproportionately affects the poor. It's a shame that California doesn't do more to help its most vulnerable citizens.

  8. #8

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    Move to Texas. Life is good.

  9. #9

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    If anyone is still in CALI from this board, shame on you.

  10. #10

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    If anyone is still in CALI from this board, shame on you.

    I am still in California, and as I wrote above, you still do not need to pay taxes on bullion purchases here. They merely adjusted the threshold (above which you are not taxed) based on continued dollar inflation.

    The states that you can't get away with not paying sales tax don't seem to be determined by politics, these are the states I would not want to live in as a stacker:

    • Arkansas: 6.5% on all precious metal sales
    • Hawaii: 4% general excise tax paid by the seller, often added to the purchase price
    • Indiana: No tax on high-purity bullion, 7% on other types of precious metal
    • Kentucky: 6% on all orders
    • Maine: 5% flat rate
    • Michigan: No sales tax on high-purity bullion
    • Minnesota: 6.88%
    • Mississippi: 7%
    • Missouri: No sales tax on high-purity bullion
    • Nevada: 6.85% with some exemptions
    • New Jersey: 7%
    • New Mexico: 5% paid by the seller
    • North Dakota: 5%, but with high-purity bullion exempt
    • Pennsylvania: 6% on silver and gold coins which are not legal tender, bullion is exempt
    • Vermont: 6% on all precious metal transactions
    • Virginia: 5.3% levied on all precious metals with no exemptions
    • Wisconsin: A 5% tax on all precious metal purchases
    • Wyoming: A basic 4% rate on all precious metal purchases


    That's not to say there are not greater battles to be fought in CA, against some really insidious forces; taxes on PM's is just not one of them. I'm thinking as Cali goes, so does the nation. So the fight is here, and I'm doing all I can; by the time it all comes to your neck of the woods, it will be to late (if it's not already).
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

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