I am a little saddened that the experience has taught you that.
Just a thought, maybe redeemed lawful money is 'taxable' (meaning there is an obligation to pay tax on it). The only thing that makes sense to me right now is this: the obligation to pay any tax or obligation once demand for redemption is made remains with the issuer of the note who created the obligation ab initio.
The endorsers of FRNs (or fractionalized credit/currency) are obliged to pay any taxes on it so long as I restrict my endorsements properly.
EDIT TO ADD: I personally believe there are fees owed, after all, Federal Reserve Credit is issued to be paid at face value in goods and services, plus interest, only endorsers of that agreement (contract) may be obligated to pay in goods and services.
Last edited by martin earl; 05-17-12 at 02:32 PM.
Last edited by allodial; 05-17-12 at 03:53 PM.
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"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius"It is the glory of God to conceal a thing: but the honour of kings is to search out a matter." Proverbs 25:2Prove all things; hold fast that which is good. Thess. 5:21.
I compiled some images about Social Security.
Well there it is in black and white from the SSA itself.
"The Social Security Act does not require a person to have a social security number to live and work in the United States, nor does it require an SSn simply for the purpose of having one."
They go on to use circular reasoning by citing "other laws" that
require businesses who are required to file with the IRS, without
stating what those requirements are.
Pretty evasive, in a clever sort of way...