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The scenario you describe eliminates the right to execute financial affairs with public money. One has to be involved with private credit to create the irrecusable obligation to file a Return for instance.
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This could be true if the Constitution had been followed and Congress did not emit bills of credit. However, Federal Reserve Notes are legal tender and there is no gold standard.
The reciept of a note for the sale of goods or service is non taxable. If you got non-negotiable Federal Reserve Notes, there may be no taxable event. But I have never seen non-negotiable FRN's. What are these? If I buy your horse by giving you a note for $25,000, you have no income, no taxable event, you also have no horse and I do. And where is the benefit to you? If you could demonstrate that you got non-negotiable, non-legal tender notes, you might have a point, but where is the benefit to you? If you trade your horse to me for 1000 bushels of wheat, we both have taxable income and we both benefited.