Comments on: I Guess We Now Tax Based on the Value of Money’s Material http://christopherburg.com/2009/06/19/i-guess-we-now-tax-based-on-the-value-of-moneys-material/ I'm just a battle rifle kind of guy. Wed, 08 Feb 2012 18:26:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Christopher Burg http://christopherburg.com/2009/06/19/i-guess-we-now-tax-based-on-the-value-of-moneys-material/#comment-27 Christopher Burg Tue, 23 Jun 2009 17:06:33 +0000 http://blog.christopherburg.com/?p=394#comment-27 I hope they do start taxing based on the value of the materials put into money. Most of my money is in a bank so there is no physical material. I get paid via paper checks which are cheap to produce. And the cash I keep around is printed on paper. So all in all for tax purposes the money I have is valued at next to nothing. I'm willing to pay next to no taxes any day. I hope they do start taxing based on the value of the materials put into money. Most of my money is in a bank so there is no physical material.

I get paid via paper checks which are cheap to produce. And the cash I keep around is printed on paper. So all in all for tax purposes the money I have is valued at next to nothing. I’m willing to pay next to no taxes any day.

]]> By: nugun http://christopherburg.com/2009/06/19/i-guess-we-now-tax-based-on-the-value-of-moneys-material/#comment-26 nugun Tue, 23 Jun 2009 09:17:45 +0000 http://blog.christopherburg.com/?p=394#comment-26 They should be able to make a very strong argument at the least that the value is not a value until sold. For instance, I have stocks, those can be $50/share one day and $20 the next. What is the value? It's not determined until I sell them. So the contractors should not have to pay taxes until they sale the coins. ;-) They should be able to make a very strong argument at the least that the value is not a value until sold.

For instance, I have stocks, those can be $50/share one day and $20 the next. What is the value? It’s not determined until I sell them.

So the contractors should not have to pay taxes until they sale the coins.
;-)

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