Post
Topic
Board Economics
Re: Capital gains and Bitcoin
by
TECSHARE
on 08/06/2011, 07:13:45 UTC
"Rather, jurors delivered zero guilty verdicts. Three defendants, all workers, were acquitted as well as Kahre’s mother, who worked as a runner for her son’s businesses. Two other defendants were partly acquitted — the jury hung on one count each. The jury also hung on all counts faced by Kahre, Loglia and Kahre’s sister, resulting in mistrials."

http://www.rapidtrends.com/robert-kahre-vs-the-irs-and-doj/

Fact recheck - he was not convicted that case from 2003. At that point he became part of the IRS shitlist.
The link you posted: http://www.lasvegassun.com/news/2009/nov/17/businessman-robert-kahre-sentenced-tax-fraud-schem/
is from 2009.

This time he was convicted - mind you, because he declared the capitol he owned in federal reserve notes in order to leverage them for loan applications. He claimed the face value of the coin to the IRS and the federal reserve note market value of the coin on his loan application. He made two primary mistakes which I specifically mentioned earlier.

1) He converted his coins into federal reserve notes (by receiving FRNs from the bank based on that as collateral)

2) He consented to declaring a federal reserve note value of the capitol by simply filling out the application and signing it.

The federal reserve system is VOLUNTARY. If you do not use the system you are not liable for taxes paid into it. The moment you use federal reserve notes you give your consent to being bound by this contractual agreement. Most people don't understand that your income taxes don't go to build roads and schools, 100% of it goes directly to the PRIVATE bank known as the federal reserve. All the services that help maintain our communities are paid for with your property and sales taxes within the state. This system is a giant black hole imploding our economy, as well as the worlds. For the love of god stop feeding it!