The Media is Our Friend
Moderators: Tunnelcat, Jeff250
i read the article and i'm not sure what's going on.
Was it previously illegal in USA to pay wages with coins?
Does USA have 2 standards of coins or something? The article seemed to talk about these 1$ and 50$ coins as if they were something weird and special.
Did this man refuse to pay income tax - and won? so this sets a dangerous precedent yes? (i have heard of people refusing income tax on constitutional grounds, but i thought they never won)
Was it previously illegal in USA to pay wages with coins?
Does USA have 2 standards of coins or something? The article seemed to talk about these 1$ and 50$ coins as if they were something weird and special.
Did this man refuse to pay income tax - and won? so this sets a dangerous precedent yes? (i have heard of people refusing income tax on constitutional grounds, but i thought they never won)
Of course, they're happy to report on successful prosecution of tax evasion:
http://www.cnn.com/2007/US/10/04/tax.st ... index.html
Funny, though...if I read only these boards I would think nobody ever got convicted of tax evasion. Heck, I might be tempted to stop paying income taxes based on what folks here say.
http://www.cnn.com/2007/US/10/04/tax.st ... index.html
Funny, though...if I read only these boards I would think nobody ever got convicted of tax evasion. Heck, I might be tempted to stop paying income taxes based on what folks here say.
Re:
In the US, an employer is required to withhold a portion of an employee's pay and turn that money over to the IRS, if an employee is paid over a certain amount. Also some trades are exempt from withholding, and anyone who is a subcontractor is not an employee, and therefore not subject to withholding.roid wrote:i read the article and i'm not sure what's going on.
Was it previously illegal in USA to pay wages with coins?
Does USA have 2 standards of coins or something? The article seemed to talk about these 1$ and 50$ coins as if they were something weird and special.
Did this man refuse to pay income tax - and won? so this sets a dangerous precedent yes? (i have heard of people refusing income tax on constitutional grounds, but i thought they never won)
It sounds like (yes, the story is a little vauge) the defendants claim is that the face value of the coin paid was under that threshold, or were not subject to withholding.
However, the coins are made of silver and gold, and are worth far more than face value. The IRS wants payment based on the value of the coin.