Capital gains on PM bullion RPS: this is the last I heard on the sale of precious metals from t | Precious Metals Message Board Posts

Precious Metals   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  210071 of 211531  at  9/23/2019 2:43:51 AM  by

eagle76


 In response to msg 210069 by  nasus25438
view thread

Re: Capital gains on PM bullion RPS: this is the last I heard on the sale of precious metals from the IRS

is it really with respect to WHO writes the actual tax code??  I spent 10 years as a 'code enforcer' for fed regs.  Someone in the fed agency wrote the 'reg/rule'..  Those that had to comply were the ones that came up with the necessary words to ensure the 'intent' was clear on the local level to those that the rule/reg applied to.  My job was to ensure that when the new rules/regs were passed down, that the words met the intent, and then to ensure the intent was being complied with...   the IRS is the word engineers for the laws Congress passes..   their charter appears to be, prevent tax avoidance...
 
It's Congress, not the IRS, that writes the law, which is the official tax code. But what's commonly referred to as the tax code includes interpretations of the law by the IRS and Treasury Department, said Eugene Steuerle, a tax policy expert at the Urban Institute.

"The law itself is small compared to these regulations and rulings."

Steuerle said when people talk about the tax code it's important to specify if they mean the law itself or the tens thousands of pages of explanations, regulations and legal decisions that go with it.

"Sometimes the law is a very simple statement," Steuerle said . "It might be two sentences defining some very complex area of the law. So, in that case, you’re going to have a huge number of words trying to define exactly what that means."



     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 2     Views: 99
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
210105 Re: Capital gains on PM bullion RPS: this is the last I heard on the sale of precious metals from the IRS nasus25438 2 9/23/2019 10:55:43 PM






About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...