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Jan 18, 2024 · New Jersey does not assess a sales tax on the purchase of stocks, bonds, ETFs, real estate, currencies, and other financial instruments. Taxing precious metals is harmful to smalltime savers. Purchasers of precious metals aren't usually fat-cat investors. Most who buy precious metals do so in small increments as a way of saving money.
- New Jersey Assembly Votes Unanimously to End Sales Tax on ...
Studies have shown that taxing precious metals is an...
- New Jersey to Consider Ending Taxes on Precious Metals
The passage of this measure would remove disincentives to...
- New Jersey Assembly Votes Unanimously to End Sales Tax on ...
Jan 9, 2024 · Currently, 43 states have eliminated sales taxes on gold and silver bullion. Repealing sales taxes on precious metal bullion takes a step toward treating gold and silver as money instead of commodities. Taxes on precious metal bullion erect barriers to using gold and silver as money by raising transaction costs.
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Jan 15, 2024 · New Jersey does not tax the purchase of stocks, bonds, ETFs, currencies, and other financial instruments. Taxing precious metals is harmful to citizens attempting to protect their assets. Purchasers of precious metals aren't fat-cat investors.
Jul 3, 2023 · In a historic move, the New Jersey Assembly has unanimously voted to eliminate the sales tax on physical gold and silver. Assembly Bill A5294 exempts precious metals purchases over $1,000 from state sales taxes, aligning New Jersey with the majority of states that have already ended this regressive tax.
Jan 14, 2022 · New Jersey to Consider Ending Taxes on Precious Metals. Posted on January 14th, 2022 in - 0 Comments. (Trenton, NJ, USA - January 15, 2022) - Legislators from New Jersey are trying to restore sound money in the Garden State. Originally introduced in 2021 by Asm.
