For a few decades now, I have noticed that people tend to think of the market value of gold and silver coins that the US mint sells (at market price) and not the face value. But I have learned that all tax collectors only go by the face value. So while a bullion dealer or a friend may offer to buy a silver eagle off of you for twenty bucks, the tax collector will only credit you one dollar towards payment should you tender it in payment. Now something else I have noticed for about a decade or so is that more and more gas stations are offering one price for payment with cash and another price for payment in credit/debit card.
This got me to thinking...(uh oh) ~~ What if one takes that practice and tries to use it to their advantage? We could have a situation where the repair of a computer could be 100 bucks on a cash payment, 110 bucks when digital bucks (credit/debit card) are used, and 5 dollars when paid with legal tender gold or silver coins.
The next thing that comes into my consideration is how the accounting works. It seems to me, though I only speak for myself, that agents and agencies only go by the face value of all the different kinds of "dollars". You know, tax dollars, dollars, cash dollars, checks, debits, etc. So if for example a person makes 3 computer repairs for a total of 300 "dollars", 3 computer repairs for 330 "dollars", and 3 computer repairs for a total of 15 "dollars", the face value of any taxes calculated would be a percentage of the amount taken in. (For this article I am assuming the position of a compliant taxpayer. I'm not addressing the actual requirements, or lack thereof, for incurring a tax liability and its subsequent calculation.) If the tax rate is 10%, the amount due would be either 30 bucks, 33 bucks, or a dollar and a half.
I am sure most people would rather pay a lower amount, both as a customer and as a taxpayer. Thanks for reading. All up votes appreciated.
Post script:
The purpose of this writing is to encourage people to use and circulate their precious metal coins and not to hide them until they "cash them in".
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