Kahre's Conviction is a Sad Day
• FFF / Jacob HornbergerLast week, Las Vegas businessman
Robert Kahre, the man who paid his workers in gold coins and silver
coins, was convicted on all 57 counts of tax evasion. Forty-eight years
old, he now faces the rest of his life in prison.
Funny how the government gets to say in court these are not coins with face value in this case. And take Bernard von NotHaus to trial for ostensibly making coins (perhaps the same coins) with face value.
Because they can.
Funny how, in Bumper's example, the $5,000 worth of gold would generate a single employee withholding of ~$750.
However, if Kahre had tendered that in the same coins, the IRS would have required 37.5 of them, or ~$37,500 worth of gold.