Tax fairness for savers

The KiDS Legacy Act
Keep investments Diversified with Silver, and Gold too

A plain-English case, a petition, and a ready-to-send letter to Congress. No donation. No membership. Just your name.

The same gain. A bigger bill.

Stock investor
20%
maximum long-term capital gains rate
  • No federal sales tax to buy
  • Broad retirement-account access
  • Losses deductible against gains
Treated like an investment
Gold & silver saver
28%
maximum rate — metals taxed as "collectibles," like art and wine
  • Sales tax on the purchase in many states
  • Limited retirement-account access
  • The little guy pays more, twice
Treated like a collector of art
Under the KiDS Legacy Act
0%
federal capital gains on qualifying bullion — coins, bars, rounds
  • Ends the collectibles penalty for monetary metals
  • Covers gold, silver, platinum, palladium bullion
  • ~$11B cost over 10 years — 0.03% of revenue
Treated like money

Who gets hurt? Not rich collectors — the little guy and gal. The nurse who buys an ounce a month. The grandfather stacking junk silver for the grandkids. The young family diversifying fifty dollars a week. When silver ran from $25 to $62, those families paid up to 28 cents of every gain to Washington — while the same gain in an index fund cost 15 cents or less. That is not tax policy. That is a penalty on thrift.

The fairness angle: real money should not be taxed harder than paper wealth. The KiDS Legacy Act simply asks for equal treatment — the same standard already given to nearly every other asset Americans use to save.

Sign the Petition

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The Letter to Congress

Sign the petition first — the letter fills in your name and city automatically. Then copy it, print it, or send it through your members of Congress' official contact forms (linked after you sign).

Dear Member of Congress,

I am writing as one of your constituents to ask you to revive and support the KiDS Legacy Act — Keep Investments Diversified with Silver, and Gold too — the sound-money tax fairness proposal built on H.R. 8279, the Monetary Metals Tax Neutrality Act.

Today, the federal tax code treats gold and silver savers unfairly. A worker who sells stock may pay a long-term capital gains rate of up to 20%. A worker who realizes the same gain in gold or silver coins pays up to 28%, because metals are classified as "collectibles" — the same category as art and rare wines. That classification misses something basic: many of these coins are actual United States currency, minted by the U.S. Mint with a face value in dollars — not beanie babies, not trinkets. Many states also charge sales tax on the purchase itself. The little guy who saves in real money pays more, twice, than the Wall Street investor who never touches it.

This is not about rich collectors. It is about fairness for average Americans: the nurse who buys an ounce a month, the grandfather putting junk silver away for the grandkids, the young family diversifying a small savings. Inflation is caused by only two things — monetary policy or fiscal policy — and neither one is controlled by the forgotten man. Ordinary families buy precious metals to protect their purchasing power from the inflation those policies create. Taxing that protection at a punitive rate taxes thrift itself.

The KiDS Legacy Act would end the double penalty: no federal capital gains recognition on qualifying gold, silver, platinum, and palladium bullion — coins, rounds, and bars up to 10 ounces, valued primarily for metal content. Independent simulations put the ten-year cost at roughly $11 billion — about three one-hundredths of one percent of projected federal revenue — while rewarding exactly the kind of family saving we say we want more of.

I ask you to:
1. Revive and co-sponsor the KiDS Legacy Act language in the current Congress.
2. Ask the Joint Committee on Taxation to score it honestly, with the same dynamic analysis given to every other asset class.
3. End the "collectibles" classification for monetary metals.

Fair is fair. Stocks, bonds, and real estate get rational treatment under the tax code. Hard-working families who choose gold and silver deserve the same.

Respectfully,

KiDS Legacy Act Questions, Answered

What is the KiDS Legacy Act?

Keep Investments Diversified with Silver, and Gold too — a proposal to end federal capital gains recognition on qualifying precious-metals bullion. It is built on H.R. 8279, the Monetary Metals Tax Neutrality Act.

Who does it help?

Everyday savers. When silver ran from $25 to $62, a working stacker in the 12% bracket still owed federal tax on every dollar of gain — and up to 28% at higher brackets — while the same gain in stocks was taxed at 15% or less for most families. An Oklahoma stacker selling $37,200 of silver saved $4,848 in our worked example — real money for a working family.

What does it cost?

Independent simulations put the ten-year cost at roughly $11 billion — about 0.03% of projected federal revenue, and smaller than what the IRS loses to improper EITC payments in a single year.

Why the little "i"?

Because it stands for investments — and because the little guy and gal are exactly who this is for.

What happens to my information?

Nothing else — that's the whole deal. Your name, city, and email are never sold, and they are not used for any other purpose than this petition itself. We are not Google or a data broker.