Monthly Archives: December 2012

Kentucky Investors Want Tax Exemption for Gold, Silver

Investors in Kentucky who deal in gold and silver bullion and coins feel that the state is double taxing them with 6 percent sales tax.

State Sen. John Schickel, R-Union has necessitated the need to exempt precious metal bullion or legal tender coins from the state’s sales tax levy. Gold, silver and other precious metal investors pay a sales tax beforehand plus capital gains tax when they sell it. Continue reading