the value of the united states is $269.6 trillion.
what is the value of the united states?
$269.6 trillion
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some people have argued that with respect to the receipt of gold or silver coins, taxpayers need only report as income the "face value," and not the higher actual fair market value, of the coins. in the "joslin" case, the united states court of appeals for the tenth circuit ruled that under and 26 c.f.r. 1.61-2(d)(1), a taxpayer who bargains to be paid for his services in legal tender (in this case, silver dollar coins) must report the income at the fair market value (numismatic value), and not at the lower face value. similarly, in the "cordner" case, the united states court of appeals for the ninth circuit ruled that a taxpayer who receives double eagle gold coins as a distribution from a corporation must report as income the fair market value of the coins, not the lower face value. in this case, where a coin, by reason of its value to collectors or by reason of the intrinsic worth of its contents, has a fair market value in excess of its face value, it is treated as "property other than money" for purposes of , resulting in taxation at fair market value.
tax protester statutory arguments