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portland.indymedia.org...
IRS Suffers Staggering Defeat in Kahre tax trial. Tax Questions Raised Regarding Gold and Silver Coins Used to Pay Wages
Around noon on Monday, September 17th, a Las Vegas federal jury returned its verdict refusing to convict nine defendants of any of the 161 federal tax crimes they had been charged with. The charges included income tax evasion, willful failure to file and conspiracy to evade taxes.
The four-month trial centered around the family businesses of Robert Kahre who paid numerous workers for their labor with circulating gold and silver U.S. coins, and did not report the wages. The payments took place over several years, allegedly totaling at least $114 million dollars.
More at source....
Originally posted by jackinthebox
This is also being discussed over here...
www.abovetopsecret.com...'
Originally posted by NoPhobos
If the IRS is going to try to appraise the value of a $50 gold coin into the metal value in FRN’s, then wouldn’t the same apply to the paper value in FRN’s?
i.e., I just received paper money saying it was worth $100 bucks, but the paper value is only worth 3 cents.
So I pay taxes on 3 cents, right? BOTH are LEGAL US tender.