Monday, February 8, 2010

To tax gold bullion, or not to tax?

Rep. Ross Hunter, who has probably spent enough time pouring over our state Department of Revenue's list of tax exemptions to recite it to anyone with the time and the interest, says no.

The list is becoming popular reading material for those trying to find ways to bridge the state's $2.6 billion budget shortfall. The gold bullion exemption is a popular example of one that should end.

But, as pointed out in today's Seattle Time's story and Hunter's blog, it's not as easy a decision as you might think.

Which, needless to say, can be said for most of the money-saving and money-making ideas floating around. But for now, it appears gold bullion is one exemption that will stay on DOR's list.

Apture