To clear out some tabs, here are some news stories from around Central Florida:
A new Florida law will allow people to pay some bills with gold and silver coins. People who do so will not have to pay sales tax. This really doesn’t help anything. Let me explain. Silver’s melt value is $33.60, but one ounce coins cost $43.24, a 29% markup. The sales tax is only 7% to 8%, so you are losing out. On top of that, you would owe capital gains taxes to the Feds on any increase in the value of the coin between buying it and when you used it to pay a bill.
A man in Polk County, Florida was swimming in a Lake when he was bitten by an alligator. When police arrived, he grabbed a pair of garden shears and attempted to break into a police cruiser to steal a firearm before being shot by deputies.
People in Tavares are leaving guns in their unlocked cars, and thieves are stealing them. This is the time of year for car break ins, because high school students are out of school, bored, and looking for things to do. Don’t leave a gun in your vehicle, especially an unlocked one.
The local press is breathlessly posting that ride share drivers like Uber and the like are sometimes carrying guns. Note that the police ticketed and towed the car, not because of the gun, which was returned to him, but because he didn’t have permission to pick up fares at the airport. The left wing media is more concerned with a man carrying a gun with a permit and operating a ride service without a permit than they are for people entering the US illegally.
3 Comments
SoCoRuss · May 28, 2025 at 1:09 pm
I get why .GOV would love to be paid in gold with its appreciation the past few years. But why in hell would a citizen want to do it? Like you said the capital gains cant be hidden because you are transacting with .Gov but with the annual gains in prices you are giving them far more value than your bill will probably EVER be and you will also pay Cap gains and now you have told them you have Gold and enough to use to pay your bills with. Why not just write them a extra check for the percentage value increase in gold per year? That transaction also makes you a easy target when .GOV decides gold is bad again and MUST be turned in for pennies on the dollar!!!!
Francis W. Porretto · May 28, 2025 at 3:50 pm
— Silver’s melt value is $33.60, but one ounce coins cost $43.24, a 29% markup. —
That’s for high-premium coins: American Silver Eagles. One-ounce silver rounds of high purity, minted by private minds, typically trade for $1.00 to $2.00 over melt value. Would Florida law recognize those as acceptable?
Divemedic · May 28, 2025 at 7:31 pm
I thought of that, but I am going on the assumption that the law would require something more than an unverified silver round.