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Profile and commentaries of L893
L893
Member since August 2015
Followed by 0 member
Follows 0 member
2 commentaries,
with 0 Reply
0 reply to his comments (0%)
Average Note : 100 / 100
for 2 rated commentaries
 
2
 
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Last commentary posted on Friday, December 23, 2016
 
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Frank Shostak
Why Are Dollar Bills Worth Anything
(1)
“Dollars,” which are not dollars as the term is used in the Constitution, are accepted for two reasons:
1. One can use them to pay federal taxes. In other words, they are de facto circulating tax anticipation coupons. While it is true that one can also use a U.S. Gold Eagle, some of which have a stated dollar value of $50, to pay taxes, that would be ridiculous.
2. Legal tender laws provide tha...
12/23/2016 at 5:41 PM
1
0
Rating :
1
Permalink
Frank Shostak
Why Are Dollar Bills Worth Anything
(1)
“Dollars,” which are not dollars as the term is used in the Constitution, are accepted for two reasons:
1. One can use them to pay federal taxes. In other words, they are de facto circulating tax anticipation coupons. While it is true that one can also use a U.S. Gold Eagle, some of which have a stated dollar value of $50, to pay taxes, that would be ridiculous.
2. Legal tender laws provide tha...
12/23/2016 at 5:12 PM
1
0
Rating :
1
Permalink