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To: patron_anejo_por_favor who wrote (119110)8/31/2001 2:18:37 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
if any of this crap works, I'd certainly like to know <ng>

I like paying taxes about as much as the next guy.



To: patron_anejo_por_favor who wrote (119110)8/31/2001 2:49:25 PM
From: John Graybill  Read Replies (2) | Respond to of 436258
 
I think you picked $50,000 in $50 Eagles to match my 1000-coin figure, am I right?

I think I see your angle. If the gold in an Eagle is worth $250 (heaven forbid! it's just to make the math easy) at the time of the contract, then $50,000 is equivalent to 200 Eagles, vs 1000 Eagles at face value. "$50,000, payable in US Eagles" is one seemingly-untaxable amount, and "200 US Eagles" is another, potentially taxable amount.

I think the crucial strategy would be to educate the builder that it's a $50,000 house not a $375,000 house, without too much nudging and winking.

And it would be best for both the builder and myself if the gold/$ conversion rate stayed more or less the same for the life of our contract. He'd probably find a way to bail out of the contract if gold lost value during the building.