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This has more backing than the Federal Reserve Note

Posted: Fri Jun 19, 2020 8:58 pm
by technovelist

Re: This has more backing than the Federal Reserve Note

Posted: Fri Jul 03, 2020 10:37 am
by ahhrunforthehills
I wonder how everyone in that town are dealing with the tax implications of this. I guess if they spend it than it is declared as ordinary income? If they don't spend it than it becomes a collectibles tax? Or is it a capital gain from the face dollar value when they receive it to it's appreciation as a collectible piece of Americana?

Maybe the "American Liberty Dollar" should try again calling itself the "American Relief Dollar" so it too can issue currency and avoid Secret Service & FBI raids :o