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Gold and Silver

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Senate Bill 1141 (2016) was the latest effort to cut taxes on trading in U.S.-issued coins considered legal tender. It allows state deductions on capital gains taxes that must be paid to the federal government. (New Bill on his desk again... deadline

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A bill recently introduced in Texas seeks to obliterate the Federal Reserve's much-maligned monopoly on currency by establishing gold and silver as legal tender -- but the groundbreaking legislation, if passed, would also prohibit those precious m