Taxes on Silver Bullion : Personal Tax Tips

Taxes on Silver Bullion : Personal Tax Tips

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Taxes on selling silver bullion also apply to gold, platinum and other types of precious metals. Learn about taxes on silver bullion with help from a certified public accountant and financial planner in this free video clip.

Expert: Bob Phillips
Contact: www.spectrum-omgmt.com
Bio: Bob Phillips is the founder and managing principal of Spectrum Management Group, an independent advisory headquartered in Indianapolis, Indiana.
Filmmaker: Nathanael Rittichier

Series Description: The income tax code can be complicated, which is why you should always consult a professional if you have any questions about your income taxes or things like credits and exemptions. Get help with your personal income taxes and find out a few new tips with help from a certified public accountant and financial planner in this free video series.

21 thoughts on “Taxes on Silver Bullion : Personal Tax Tips”

  1. Is it possible to deduct silver bought and used for plating industrial products as a business expense on taxes? As its for practical application and not for collecting.

  2. So the government will make way more than anyone buying or selling gold or silver? Every time that gold or silver is bought or sold the gov. Will make their percentage, if it is sold 100 times they make their profit every time, doesn’t seem fair.

    1. All the time a car is bought and sold it’s taxed taxes could end up more than the car when new taxing real money is not right also

  3. if I have silver in a country I am not working and I fall in the lowest tax bracket. What would the tax rate be in Australia for this circumstance….

  4. Data Is Amazing

    I’m usually in the 15% tax bracket. So if I sold a million dollar gain on gold, you’re saying I would only pay 15% taxes because I’m in the 15% tax bracket. Or would the gain on gold put me in the 28% tax bracket?

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