This is ingenious.
http://www.sovereignman.com/corresponden...oins-8943/
The silver content of a pre-1965 US quarter is worth $6.25 (ie the coin is worth 29 times more than its legal tender value due to ithe value of the silver if the coin is melted down).
So - by paying for stuff with pre-1965 US quarters - you can pay the purchase tax at a much lower leverl. Since the price you paid (and which is declared) will be 29 times lower than the true value of the thing you are buying.
The same principle can be used to reduce income taxes.
But don't do it! I think a guy went to prison for doing this...
http://en.wikipedia.org/wiki/Tax_protest...o_be_taxed
Still - I admire the ingenuity of this shit. It brings a smile to my face.
http://www.sovereignman.com/corresponden...oins-8943/
The silver content of a pre-1965 US quarter is worth $6.25 (ie the coin is worth 29 times more than its legal tender value due to ithe value of the silver if the coin is melted down).
So - by paying for stuff with pre-1965 US quarters - you can pay the purchase tax at a much lower leverl. Since the price you paid (and which is declared) will be 29 times lower than the true value of the thing you are buying.
The same principle can be used to reduce income taxes.
But don't do it! I think a guy went to prison for doing this...
http://en.wikipedia.org/wiki/Tax_protest...o_be_taxed
Still - I admire the ingenuity of this shit. It brings a smile to my face.