DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - andover voting to pay employees in silver coins

**bumxumer** · 02-09-2012, 09:30 PM

From my understanding the guy in NV didn't actually pay them in GAEs. He "sorta" paid them in GAEs.
He "paid" (to the IRS) them in face value with the GAEs, but immediately redeemed the GAEs for cash and paid the employees with the cash instead. It is my understanding that the employees didn't ever recieve the GAEs, but I suppose I could be wrong...I may have read the MSM version of the story

If the employees were allowed/did take them home and cashed them in on their own at their own private coin dealer I think it would have been a much stonger case.

Your facts are right, but it's still no different than what the city if proposing. Other than the time period of employee ownership of the coins, it's exactly the same. So if you pay your employees in silver and they immediately sell that silver for FRNs, that's tax fraud, but if you pay your employees in silver and they wait, how long, 8 hours, 24 hours, before they sell the silver for FRNs, that's simply tax avoidance and is ok?

02-09-2012, 09:30 PM	#14
bumxumer Join Date Nov 2005 Posts 510 Senior Member	From my understanding the guy in NV didn't actually pay them in GAEs. He "sorta" paid them in GAEs. He "paid" (to the IRS) them in face value with the GAEs, but immediately redeemed the GAEs for cash and paid the employees with the cash instead. It is my understanding that the employees didn't ever recieve the GAEs, but I suppose I could be wrong...I may have read the MSM version of the story If the employees were allowed/did take them home and cashed them in on their own at their own private coin dealer I think it would have been a much stonger case. Your facts are right, but it's still no different than what the city if proposing. Other than the time period of employee ownership of the coins, it's exactly the same. So if you pay your employees in silver and they immediately sell that silver for FRNs, that's tax fraud, but if you pay your employees in silver and they wait, how long, 8 hours, 24 hours, before they sell the silver for FRNs, that's simply tax avoidance and is ok?
	Quote