I know Frankin and will see him next week. His argument, which I have around here somewhere if I could get my paper life organized, realtes to gold and silver in certain situations. If I find it I will reference it, otherwise I'll ask if he will post to this group. FOT

Date: Tue, 9 Apr 1996 21:48:17 -0400 (EDT) From: Alan Horowitz <alanh@mailhost.infi.net> To: "Frank O. Trotter, III" <fotiii@crl.com> Cc: cypherpunks@toad.com Subject: Re: Bulletin: Cypherpunks say no taxes owed by moneychangers!

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Date: Mon, 8 Apr 1996 22:43:55 -5 From: Frank O. Trotter, III <fotiii@crl.com> Aside from ecash, helping people to exchange currency is my day job so I see this all the time, especially this month each year.

There is a guy in Tennessee who publishes a newsletter called _The Moneychanger_. He is one of those Constitutionalists. He did put himself through hell to get acquited of an IRS charge - he is a dealer in gold and silver and claimed that he wasn't selling anything, only changing denominations of Money, with no profits. He won the federal case; the IRS called their buds at the Tenn Dept of Revenue and had him indicted on a failure-to-remit-sales-tax charge. He was convicted on that by the Jury but he is appealing; meanwhile he only deals with out-of-Tenn people.

Which just goes to show that convictions/acquitals under a jury system have a lot of random-walk flavor. Further reference at the OJ Simpson newsgroups.

Frank O. Trotter, III - fotiii@crl.com www.marktwain.com - Fax: +1 314 569-4906 --------------------------------------------