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Old Dec 29, 2009 | 6:50 pm
  #20  
Loren Pechtel
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Originally Posted by DesertNomad
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."
But then they owe short term capital gains tax when they sell them.

He got busted despite what the anti-tax people say.
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