Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
How much do they owe the IRS
Sent from my Chinese Supercomputer made from XBox parts Bush sent to China
Science! You forgot science!Just think how far that money would go if it were in the hands of government.
All the infrastructure programs and investment in R&D and education.
Science! You forgot science!Just think how far that money would go if it were in the hands of government.
All the infrastructure programs and investment in R&D and education.
California couple in $10M gold find may owe gov?t about half, report says | Fox NewsThe San Francisco Chronicle reports that the find is a taxable event under a 1969 federal court ruling that held a "treasure trove" is taxable the year it was discovered.
"If you find and keep property that does not belong to you that has been lost or abandoned (treasure-trove), it is taxable to you at its fair market value in the first year it is your undisputed possession, the report said, citing the IRS tax guide.
The report says after all is said and done, about 47 percent will go to state and federal tax, or the top tax rate.
Since this is turning into a partisan hate thread
Th one percent is currently making plans to lay claim to all the gold. It is their right after all
people never learn.... Just keep quiet.
California couple in $10M gold find may owe govt about half, report says
California couple in $10M gold find may owe gov?t about half, report says | Fox NewsThe San Francisco Chronicle reports that the find is a taxable event under a 1969 federal court ruling that held a "treasure trove" is taxable the year it was discovered.
"If you find and keep property that does not belong to you that has been lost or abandoned (treasure-trove), it is taxable to you at its fair market value in the first year it is your undisputed possession, the report said, citing the IRS tax guide.
The report says after all is said and done, about 47 percent will go to state and federal tax, or the top tax rate.
May Be Greatest Buried Treasure Ever Found In U.S.
Wow! How many of their neighbors are now going to rush out and dig up every inch of their property?
And, how can they keep them? Will the government claim them? Read more with videos @ NorCal Couple Finds $10M In Gold Coins; May Be Greatest Buried Treasure Ever Found In U.S. « CBS San Francisco
TIBURON (CBS SF) A couple has made the buried treasure find of a lifetime gold coins worth millions of dollars on their property in Northern California.
A cache of more than 1,400 rare U.S. gold coins, stored in decaying metal cans and buried near an old tree on the property, was discovered as the couple were taking their dog on a daily walk.
May Be Greatest Buried Treasure Ever Found In U.S.
Wow! How many of their neighbors are now going to rush out and dig up every inch of their property?
And, how can they keep them? Will the government claim them? Read more with videos @ NorCal Couple Finds $10M In Gold Coins; May Be Greatest Buried Treasure Ever Found In U.S. « CBS San Francisco
TIBURON (CBS SF) A couple has made the buried treasure find of a lifetime gold coins worth millions of dollars on their property in Northern California.
A cache of more than 1,400 rare U.S. gold coins, stored in decaying metal cans and buried near an old tree on the property, was discovered as the couple were taking their dog on a daily walk.
Find a few bucks, then congratulations. But finding millions someone obviously buried I'd try to find out who it belongs to and return it. Rather be thanked and possibly rewarded with my honor intact than basicly steal something because it's on my property.
people never learn.... Just keep quiet.
California couple in $10M gold find may owe govt about half, report says
California couple in $10M gold find may owe gov?t about half, report says | Fox NewsThe San Francisco Chronicle reports that the find is a taxable event under a 1969 federal court ruling that held a "treasure trove" is taxable the year it was discovered.
"If you find and keep property that does not belong to you that has been lost or abandoned (treasure-trove), it is taxable to you at its fair market value in the first year it is your undisputed possession, the report said, citing the IRS tax guide.
The report says after all is said and done, about 47 percent will go to state and federal tax, or the top tax rate.
It is hard to discretely spend $10 million in gold
The couple is no different than anyone else. They owe the taxes on their windfall, much like a lottery winner who won $10 million
Sell the coins to private collectors. Any one ask where you got the money for your new car tell them it's none of their fucking business. If Obama's thieves show up tell them you saved the money in a coffee tin. Then tell them to get the fuck off out of your new house. If they hassle you get a good lawyer who will then tell the thieves to go fuck them selves.
I'm happy for the couple.
I'm also waiting for the stories to come out that they can't keep it.
I'm sure the government first local then Federal will find a way to take it.
I'm sure there will be some arguments from liberals who say they should not be "allowed" to keep it because it's not "fair" that they found it and no one else in the area had any gold buried on their property.
California couple in $10M gold find may owe gov?t about half, report says | Fox News
California couple in $10M gold find may owe govt about half
One couple's gold find could mean a jackpot for the IRS.
The Northern California couple that found $10 million worth of rare, mint-condition gold coins buried in the shadow of an old tree on their property will likely owe about half the find's value whether they sell the gold or not.
The San Francisco Chronicle reports that the find is a taxable event under a 1969 federal court ruling that held a "treasure trove" is taxable the year it was discovered.
actually i hope they do lose it all simply due to their stupidity .... 
May Be Greatest Buried Treasure Ever Found In U.S.
Wow! How many of their neighbors are now going to rush out and dig up every inch of their property?
And, how can they keep them? Will the government claim them? Read more with videos @ NorCal Couple Finds $10M In Gold Coins; May Be Greatest Buried Treasure Ever Found In U.S. « CBS San Francisco
Find a few bucks, then congratulations. But finding millions someone obviously buried I'd try to find out who it belongs to and return it. Rather be thanked and possibly rewarded with my honor intact than basicly steal something because it's on my property.
I'm not sure.
I think once you close on a property, it is yours. Not like sunken treasure that is governed by maritime law.
I suspect it was buried in the 30s when the government was confiscating gold
