Utah man wants to pay taxes with silver

[JohnWood]

Utah man wants to pay taxes with silver
http://washingtonexaminer.com/news/2011/12/utah-man-wants-pay-taxes-silver/1971656

A Utah man who wants to pay his taxes with silver coins has been rebuffed by state and county officials who claim it's impractical to accept the precious metals despite a state law making them legal tender.

Earlier this year, Utah became the first state in the country to legalize gold and silver coins as currency. But because the law doesn't require businesses to accept the metals, most government agencies and private merchants have not embraced the alternative method.

Orem resident Carlton Bowen told The Salt Lake Tribune (http://bit.ly/vUIqQL) he learned that the hard way when Utah County wouldn't let him cover his property tax with silver. The state has also told him they will not accept silver.

Some businesses have accepted silver from Bowen, he said, and he has made charitable donations with the coins, but he wants the state to follow its own law.

"When is Utah going to accept its own legal tender?" Bowen said.

Doing so would be impractical, Utah State Treasurer Richard Ellis said, adding that it could potentially violate another state law that prohibits agencies from holding gold as an asset because of the volatility of the commodity.

There is also ample room for fraud, Ellis said.

"I'm very concerned that this has potential for money laundering and other types of illegal activities. . Nobody's fleshed out all these details, and they want to have as little regulation and oversight as possible," Ellis said. "In my mind there's still no practical way of making this happen."

The law, however, is unlikely to change in the near future. Legislators have repeatedly said it was mostly passed as a protest against the Federal Reserve's monetary policy.

"It doesn't allow much," said state Senate Majority Leader Scott Jenkins, R-Plain City. "But the concept behind it is powerful. Little by little our currency is being devalued. . It's a little pushback on one hand, but on the other, maybe it will make us look at the value of our currency and strengthen it."

[Serpo]

despite a state law making them legal tender.....hahahaha

[Dogman]

Catch 22 ?

[Serpo]

Window dressing

[Grog]

Legislative, Exec, and Judicial each think they are their own kingdoms and above one another. Typical and not surprising. Yet sad.

[Serpo]

So Utah has legalized gold and silver coins as currency but wont accept them in payment...........

[iOWNme]

Maxim in Law:

When a payment is tendered for a debt, and that payment is refused, the debt becomes null and void.


Or we can use their fictional statutory GARBAGE:
U.C.C. - ARTICLE 3 - NEGOTIABLE INSTRUMENTS , PART 6. DISCHARGE AND PAYMENT
§ 3-603. TENDER OF PAYMENT.
(a) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument, the effect of tender is governed by principles of law applicable to tender of payment under a simple contract.
(b) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument and the tender is refused, there is discharge, to the extent of the amount of the tender, of the obligation of an indorser or accommodation party having a right of recourse with respect to the obligation to which the tender relates.
(c) If tender of payment of an amount due on an instrument is made to a person entitled to enforce the instrument, the obligation of the obligor to pay interest after the due date on the amount tendered is discharged. If presentment is required with respect to an instrument and the obligor is able and ready to pay on the due date at every place of payment stated in the instrument, the obligor is deemed to have made tender of payment on the due date to the person entitled to enforce the instrument.




But hey, instead of knowing the Law, we should just call the local paper and complain about it.


Another Maxim in Law:

All men are presumed to know the Law.