40 days of Frivolous Tax Arguments: Federal Reserve Notes are not income

Posted by Tracy Coenen on January 10, 2008 · Leave a Comment 

Here the jokers are saying that our money isn’t legit, so it’s not really money, so it can’t be taxed. Really? Well I wonder what they do when they go to the grocery store? Do they use *gasp* money????

The truth is that Congress can call something money if they want to. The Constitution says that gold and silver are the only legal tender in the U.S., but that Congress could declare other legal tender if they wanted to. And they did. So we have it. It’s called money. Those pieces of paper that we exchange for other stuff.

So money is really money, and taxes must be paid on money.


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