Citizens of Georgia, Kentucky, Wisconsin, and Kansas may soon enjoy lower taxes on precious metals if recently introduced pro-metal bills are made law in 2024.
This March, Republican primary voters in Texas won’t just be choosing which candidates to represent their party in November – they will also be voting on a series of ballot propositions that while not legally binding offer a way for voters to guide their leaders.
Here’s why what is happening in Texas matters and what it says about the future of gold.
Last week, President Biden announced a plan to significantly hike capital gains taxes on the wealthy. Republicans are predictably opposed to the hikes, but in a recent podcast, Peter Schiff said the GOP is mired in hypocrisy.
The Biden plan would raise long-term capital gains taxes to 39.6%. For those earning $1 million or more, the new top rate, coupled with an existing surtax on investment income, would jack up the tax on wealthy investors as high as 43.4%.
