CCTelander
08-07-2009, 07:25 PM
Is ANYONE shocked to hear this?
Naturally, the state of California knows exactly how much their IOUs are worth. So far, they’ve paid out over $682 million in IOUs. Small businesses are expected to pay taxes based on the IOU “income,” but at the same time they refuse to accept the IOUs as tax payments
http://www.lewrockwell.com/blog/lewrw/archives/32360.html
Naturally, the state of California knows exactly how much their IOUs are worth. So far, they’ve paid out over $682 million in IOUs. Small businesses are expected to pay taxes based on the IOU “income,” but at the same time they refuse to accept the IOUs as tax payments
http://www.lewrockwell.com/blog/lewrw/archives/32360.html