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  1. #1
    Very Active Member Cavman's Avatar
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    Default Taxpayers in Ohio Get Screwed Again

    Got this in an email from Metal Money Exchange's news letter.

    Last week, state legislators in Ohio voted to repeal the state’s sales tax exemption on precious metals. Now, starting in October, residents there will generally pay at least 5.75% tax when purchasing gold and silver. Precious metal coins, rounds, and bars may be the only investments they hold that are subject to this additional cost.
    Fewer Ohioans, likely, will buy physical bullion. Those who do must pay the state of Ohio for the privilege of investing in something other than conventional securities and real estate – the preferred assets of banks, brokers, and now, Ohio politicians.

  2. #2
    Active Member Cobwebs's Avatar
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    If you are anticipating a financial armageddon buy now and wham instant 5.75% saving.Almost like insider trading if your negative on the dollar.
    Thing is central banks can dump gold and crash that too so give up you won't beat them they've lost the plot and blown the budget.
    Personally I've invested in a Gold Monster 1000 detector, haven't found any yet but when I do I'll feel rich in better ways than the monkeys pulling the levers at Scrooge McDuck enterprises.

  3. #3
    Very Active Member RICZ's Avatar
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    The blue-er your state, the more arduously the politicians are looking for things to tax.
    Ours is a red, black and chrome 2017 F3 Limited. Bought new in 2/2019. The avatar is my first bike back in 1952, a Simplex Servi-Cycle. Photo taken at the Barber Museum.

  4. #4
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    Nothing like taxing your money left over from the previous taxes you paid....

  5. #5
    Very Active Member BoilerAnimal's Avatar
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    Quote Originally Posted by RICZ View Post
    The blue-er your state, the more arduously the politicians are looking for things to tax.

    You might want to check on the make up of the three branches of Ohio state government. Seems like you might be in for a bit of a surprise.
    On the road again...........and forever young!

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    Yesterday is a cancelled check.
    Tomorrow is a promissory note.
    Today is cash.......spend it wisely.

  6. #6
    Very Active Member SPECTACUALR SPIDERMAN's Avatar
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    buy it through a relative in another state or get a po box

  7. #7
    aka: akspyderman ARtraveler's Avatar
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    Out of my league...so no problem here.

    Currently Owned: 2011 RT A&C SE5 (magnesium), 2014 RTS-SE6 (yellow), 2015 Vulcan 900 LTD

    Previously : 2008 GS-SM5 (silver), 2009 RS-SE5 (red), 2010 RT-S Premier Editon #474 (black) Pictures of 2008 and 2009 Spyders are in Alaska Albums 2009 and 2010.
    5 Spyders, 10 years, 145,375 miles


  8. #8
    Very Active Member RICZ's Avatar
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    Quote Originally Posted by BoilerAnimal View Post
    You might want to check on the make up of the three branches of Ohio state government. Seems like you might be in for a bit of a surprise.
    The three left coast states are ultra blue and whenever their legislatures are in session, they make it their job to make it more expensive to live here.
    Ours is a red, black and chrome 2017 F3 Limited. Bought new in 2/2019. The avatar is my first bike back in 1952, a Simplex Servi-Cycle. Photo taken at the Barber Museum.

  9. #9
    Active Member C. Lee's Avatar
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    They also just increased our gas tax, up 10 cents and diesel tax up almost 20 cents as well, but we don't have to have a front license plate any more. Chris

    2019 RT Limited

  10. #10
    aka: akspyderman ARtraveler's Avatar
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    This thread has been reported as political in nature. I and others don't think it has crossed the line yet. But...let's be careful.


    Currently Owned: 2011 RT A&C SE5 (magnesium), 2014 RTS-SE6 (yellow), 2015 Vulcan 900 LTD

    Previously : 2008 GS-SM5 (silver), 2009 RS-SE5 (red), 2010 RT-S Premier Editon #474 (black) Pictures of 2008 and 2009 Spyders are in Alaska Albums 2009 and 2010.
    5 Spyders, 10 years, 145,375 miles


  11. #11
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    Quote Originally Posted by RICZ View Post
    The blue-er your state, the more arduously the politicians are looking for things to tax.
    I think that's just democratic majority rule in action. There shouldn't be any mystery about that. Elected officials' decisions reflect the priorities and values of the electorate in each state. Minority voters will not like it. Basic civics, I think.

    2014 RTL Platinum & 2014 RTL Cognac
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