The Sound Money Defense League is a public policy project aimed at bringing awareness to gold and silver as sound money and enacting legislative change across the country to reduce sales taxes on the precious metals.
Jp Cortez, policy director of the League, tells David Lin, anchor for Kitco News, that there is a big discrepancy across the country when it comes to tax rates for gold and silver; some states, like Arkansas, have eliminated sales taxes altogether while others, like Tennessee have a sales tax rate of 10%, one of the highest in the country.
0:00 – Eliminating sales taxes on gold and silver
1:55 – Which states charge the most tax?
7:06 – Sound Money Index
10:18 – Gold reserves
12:14 – Money is flowing to “sound money” states
13:05 – Sound Money Defense League
18:02 – Legal tender