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To: Monty Lenard who wrote (2880)4/6/2001 12:44:57 PM
From: Stock Farmer  Read Replies (2) | Respond to of 74559
 
So, we can resolve in two ways:

a) according to IRS which says payment in (gold) coins is at currency value of (gold) coin, and

b) according to IRS which says payment in gold (coins) is at bouillon value of gold (coin)

In the event that two acceptable standard practices give different results, then one is forced to make a choice.

Either one of which should be acceptable, provided that it is consistently applied to all similar transactions... no?

One could hedge an adverse interpretation by the IRS by demanding paycheck in quarters. Or maybe even electrons.

The variations are amusing to contemplate.

Since I would rather tangle with the IRS than an irate spouse, I think I will leave the other thread of this conversation completely alone... lol..

[EDIT: of course, lapses in morals are coincident with financial co-lapse.,. so both discussions are topical]

John.