Originally Posted by
Loren Pechtel
We've had a tax case here based on this: He was paying his workers with gold coins and reporting the face value. Big penalties.
If you are referring to the case in las Vegas it is not so clear:
"Further, the $50 gold coins and the silver dollars Kahre used for payroll are designated by Congress as legal tender, so people are entitled to value them at their stamped denominations, he also contends. Taken at face value, each defendant's annual coin income placed him below the threshold for filing a federal tax return."