Dilemma of the Day

[Senor]

If you buy a $25,000 car with 4,000 silver quarters, is your sales tax liability based on $25,000 or the face value of the quarters ($1,000)?

 

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[Weaselbrott]

I am pretty sure if you and the seller have an agreement to sell the car for $4,000, then everything is good once you trade the silver off. Of course, I think if the seller goes to cash out the silver, they might run into some problems with theIRS. I am no professional, and I highly recommend you talk with a tax attorney on this one. Let me know how that works out.

 

[Rushfan]

Roast beef sandwich... or PB&J...? Non-recalled peanut butter...

 

[sagthegreat]

ITS LEGAL!
The constitution says that the govt. has to coin money out of gold and silver, so here's a situation. I get my yearly salary in face value 50$ gold pieces, its too low to tax anyways, but according to the constitution there in nothing wrong because it is official currency with the face value of 50$ and that means its perfectly legal

 

[Local_coins]

Face value. Paid in cash end of story.