Quote:
In his Form 1040, Schlabach claimed $54,084 in “[w]ages, salaries, tips, etc.” from IRS Form W-2; subtracted $54,084 in “[o]ther income” he purported to have “REDEEMED IN LAWFUL MONEY PER 12 U.S.C. 411 ab initio”; then claimed zero dollars in “total income,” “adjusted gross income,” “taxable income,” and tax liability.
It's impossible for an employee grossing $54,084 to have $54,084 in net pay to redeem in lawful money. Schlabach's net pay (actual paycheck amounts) after SS, Medicare, FITW, & State tax deductions would be more in the neighborhood of $36,250. His self-assessment is substantially incorrect.