Arizona bill would remove state tax on profit from sale of gold coins
By Howard Fischer
Arizona Daily Star, Tucson
Sunday, February 12, 2017
PHOENIX, Arizona -- Arguing that federal policies have made paper money "virtually worthless," Arizona lawmakers are moving to allow residents to invest in gold coins and not have to pay state taxes on any profits they make when they sell them.
Legislation awaiting a final House vote would carve an exemption in existing laws that require people to report -- and pay taxes -- on capital gains. So, if you buy art, jewelry, or an antique car for $10,000 and sell if for $12,000, you owe the state tax on that $2,000 profit.
But Rep. Mark Finchem, R-Oro Valley, argues that's not true if you’re buying U.S. gold coins. He said it's simply exchanging one form of U.S. currency for another.
"If you were to exchange four quarters for a dollar bill, that's not a taxable event," Finchem explained during House debate last week on his HB 2014. ...
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At 3 Aces Project, Golden Predator Finds 7.5 Meters of 33 Grams-Per-Tonne Gold
Thursday, January 19, 2017
VANCOUVER, British Columbia, Canada -- Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) is pleased to report assay results for the first 13 holes of a total of 54 holes completed in the winter 2016 drill program at the 3 Aces Project in southeastern Yukon Territory.
Drilling has demonstrated an extension of high-grade gold at the Ace of Spades zone, as well as the exciting discovery of a blind vein and the occurrence of significant assay values in stockwork zones.
Significant results reported at true width include:
-- Hole 3A16-RC-032 intersected 7.54 meters of 32.86 grams per tonne gold from a depth of 16.76 meters, including 0.54 meters of 252 grams per tonne gold; and a new blind vein at a depth of 71.63 meters returned 3.23 meters of 10.04 grams per tonne gold. (The hole ended in mineralization. ...
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