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What is the gold tax

What is a tax: A gold tax is a tax imposed on gold in Western countries before the 19th century.

There are two methods of taxation: one is based on the amount of gold in circulation and the other is based on the annual output of the mine.

Both have a tendency to reduce the amount of gold and increase the yellow value.

So until supply is reduced, both taxes will fall temporarily on the owners of money.

But that must always be paid for in part by the social burden and finally by the owners of the mines in the form of reduced rents, and by the buyers of that part of the gold which is enjoyed as a consumer good and not exclusively used as a medium of circulation.

Hot, investors make a lot of gold, buy and sell gold to make a lot of money, everyone is very happy, however, many big households do not know, gold passbook, yellow block to earn money, all want to report income tax, gold households by the potential risk of income tax, all over.

At the turn of the year, the old year will end, declaration of income tax, gold big family tax declaration, must be carefully measured.

Tax experts pointed out that as gold soared, tax officials whetted, investors once locked, may be checked income tax, gold wealth, but tax insecurity.

The PRICE OF GOLD ROSE sharply, SURPASSING US $800 IN A ROW AND APPROACHING US $850 IN A row. The amount of gold increased greatly. For example, Taiwan Silver bought and sold nearly 1,000 kilograms a month.

Some BIG HOUSEHOLDS BUY DOZENS of KILOGRAMS, EARN millions of YUAN, there are more than 60 thousand gold passBOOK investment households, trading gold profit is rich, other like to do, buy gold fund investors, have money.

However, it is not clear to many people that those profits must pay income tax and those that do not.