Tennessee Repeals Sales Tax on Gold and Silver Bullionby SchiffGold 1Last week, Tennessee Gov. Ending the sales tax will relieve some of the tax burdens on investors, and take a step toward treating gold and silver as money instead of as commodities. KNOCKING DOWN BARRIERSIncluding Tennessee, 42 states have eliminated sales taxes on gold and silver bullion. But that’s essentially what a sales tax on gold and silver bullion does. By eliminating this tax on the exchange of gold and silver, states treat specie as money instead of a commodity.

Source: ABC News May 31, 2022 12:40 UTC