Quote Originally Posted by palani View Post
I presume you have no interest in the price of tea in China but rather the issue at hand?

Participation in banking was prohibited in Iowa for the first 11 years. Had you signed up for a bank account between 1846 - 1857 you would have been participating in a criminal activity based upon the organic founding document of the State of Iowa, the 1846 constitution. Why would you not believe participating in banking at the present day is not as criminal as during the first years of existence of the State? The State morphed into an entity that accepted banking activities so long as they got their share of the activity.
I never assumed it wasnt a criminal activity Palani.....and what does it have to do with the price of tea in China anyway?
Also, why are you twisting this around?
I'm still waiting on an answer from you to show me a statute relating "banking" and/or "fiat currency" to the income tax reporting mechainism.....even an imposition statute would suffice.

Hey palani....whats in between the banking industry and the People?

I guess I'll just write off an answer from you like I do Merrill......a no show!