SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stock Farmer who wrote (2876)4/6/2001 8:34:05 AM
From: Monty Lenard  Read Replies (1) of 74559
 
Well first of all John you used the word "logic" and it has no place in application of the IRC. :-)

Now to the others.

1) "I pay you in stacks of paper"

If the stacks of paper are worthless then I have to report "no income".

2) "embossed metal slugs"

Again, what is the Fair Mkt Value of the slugs? What can I sell them for when I receive them. Whatever that price might be becomes my income to report.

3) "the pieces of paper had Andrew Jackson "

Yes, I know that is the trap you are trying to lead me into with your "staged" logic. VBG...

The piece of paper with Andrew Jackson has a "stated" or "fixed" FMV.(Whether you agree with it or not and whether it is really worth it or not is irrevelant in the application of the law)

4) And here you are trying to close the trap door. :-)

"Then how does this extrapolate to coin metal of any sort or denomination"

Beats my queens.

Monty
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News