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**movlabz** · 08-07-2012, 05:20 PM

Heres a question posed that the fiat causes taxation crowd cant answer.

How does the reporting aspect of income taxes relate to fiat currency?

Last I heard an employee voluntarily signs A W4 authorizing the employer to treat the the pay as 3121(a) "wages" to credit the SS account and allow deductions for the income tax.
Can anybody in the fiat private credit community explain why a customer of a bank dosnt sign a W4 when opening a bank account?
Probably not, but its fun to watch them trip over their own ignorance.

08-07-2012, 05:20 PM	#38
movlabz Join Date Oct 2005 Posts 407 Senior Member	Heres a question posed that the fiat causes taxation crowd cant answer. How does the reporting aspect of income taxes relate to fiat currency? Last I heard an employee voluntarily signs A W4 authorizing the employer to treat the the pay as 3121(a) "wages" to credit the SS account and allow deductions for the income tax. Can anybody in the fiat private credit community explain why a customer of a bank dosnt sign a W4 when opening a bank account? Probably not, but its fun to watch them trip over their own ignorance.
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