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April 15, 2008
Senator Harry Reid seeks answers on tax treatment of American Gold Eagle
By erik larson
The IRS says if you're paid wages in American Eagles, you pay income tax on the face value ($50), not the gold value (over $900). Senior Senator Harry Reid, D-NV, won't take the IRS at their word and demands an explanation from them in writing, as to why they don't tax you on the gold value
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The IRS says if you're paid wages in American Eagles, you pay income tax on the face value ($50), not the gold value (over $900). Senior Senator Harry Reid, D-NV, won't take the IRS at their word and demands an explanation from them in writing, as to why they don't tax you on the gold value