If you are beginning to believe that non-negotiable Federal Reserve Notes are anything other than US Notes - non-taxable event/public money then read this.
Quote:
Under Act Cong. May 31, 1878, c. 146, 20 Stat. 87, 31 U.S.C.A. § 404, which enacts that notes of the United States, issued during the war of the Rebellion, under acts of congress declaring them to be legal tender in payment of private debts*, and since the close of the war redeemed and paid in gold coin at the treasury, shall be reissued and kept in circulation, is consitutional, and notes so reissued are a legal tender.
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It is so obvious at the time of writing that US Notes are public money - government currency, that it is not mentioned in the verbiage. [Note the verbiage on the
PUBLIC AND PRIVATE US Note $5 attached.] What the Requisite and Sufficiency is expressing is that US Notes will also be viable currency for settling (
paying at the time because of gold backing them) private debts too.
Private credit like from the Federal Reserve System.
US Notes are still in circulation by law, they simply are not printed because Federal Reserve Notes serve all the functions of legal tender in US Notes. Read the last paragraph on the Treasury page linked:
http://www.ustreas.gov/education/faq...al-tender.html
Quote:
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United States notes serve no function that is not already adequately served by Federal Reserve notes. As a result, the Treasury Department stopped issuing United States notes, and none have been placed into circulation since January 21, 1971.
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In both theory and practice exercising your right to cash paychecks for non-negotiable FRNs (US Notes/domestic emergency currency) will render the event non-taxable. Any IRS agent tracking the transaction will see that the event was non-taxable.
Regards,
David Merrill.