Large Donors: Donate Gold or Silver American Eagles to the campaign

[gerryb]

Donate REAL Money to the campaign in the form of circulating Gold and Silver American Eagles. You can purchase legal tender Silver American Eagles in U.S. Mint $1 denominations, or legal tender Gold American Eagles in U.S. Mint denominations of $50, then donate these to the campaign instead of devalued FRN's.

Any high rollers up to donating $2,300 in Silver American Eagles (2,300 SAE's)??

http://www.rense.com/general78/defeat.htm
"Tax Questions Raised Regarding Gold and Silver Coins Used to Pay Wages

Around noon on Monday, September 17th, a Las Vegas federal jury returned its verdict refusing to convict nine defendants of any of the 161 federal tax crimes they had been charged with. The charges included income tax evasion, willful failure to file and conspiracy to evade taxes.

The four-month trial centered around the family businesses of Robert Kahre who paid numerous workers for their labor with circulating gold and silver U.S. coins, and did not report the wages. The payments took place over several years, allegedly totaling at least $114 million dollars. "

http://query.nictusa.com/pres/2007/Q3/C00432914.html
"III. Contributed Items (stock, Art Objects, Etc.)
31. Items On Hand To Be Liquidated 0.00"

From the US Mint
http://www.usmint.gov/mint_programs/american_eagles/index.cfm?Action=american_eagle_silver
"American Eagle Silver Bullion Coins are affordable investments, beautiful collectibles, thoughtful gifts and memorable incentives or rewards. Above all, as legal tender, they're the only silver bullion coins whose weight and purity are guaranteed by the United States Government. They're also the only silver coins allowed in an IRA."

 

[Austin]

I'm pretty sure FEC regulates based on value of gifts.. I wouldn't promote such an activity without knowing the ins and outs..

 

[gerryb]

I'm pretty sure FEC regulates based on value of gifts.. I wouldn't promote such an activity without knowing the ins and outs..

The legal tender value set by the U.S. Mint are the coins face value of $1 for SAE, $50 for GAE, and $100 for PAE. How can the FEC say the "value" is more or less than the legal tender value?

 

[theseus51]

I really, really, really don't think you can do this. If you could, all the special interest candidates would be raking in hundreds of millions of dollars.

 

[gerryb]

I really, really, really don't think you can do this. If you could, all the special interest candidates would be raking in hundreds of millions of dollars.

None of the other candidates understand The Constitution and rule of law.

 

[Mark Rushmore]

I really, really, really don't think you can do this. If you could, all the special interest candidates would be raking in hundreds of millions of dollars.

How about $86 million or $70 million or whatever the Dem frontrunners have? Between them they literally have raised 'hundreds of millions of dollars' No chance some of it came this way? If it shows on the reporting as $2300 - how would you personally ever know?

 

[theseus51]

None of the other candidates understand The Constitution and rule of law.

I am absolutely positive, that the thousands of lawyers, working on thousands of campaigns since the FEC, looking for every single possible loophole in campaign finance laws to get more money to their candidates legally, have not missed this one.

 

[gerryb]

I am absolutely positive, that the thousands of lawyers, working on thousands of campaigns since the FEC, looking for every single possible loophole in campaign finance laws to get more money to their candidates legally, have not missed this one.

maybe so, but that tax case was just recently settled on Sept 17th 2007.

 

[TheIndependent]

maybe so, but that tax case was just recently settled on Sept 20th 2007.

Tax case != Presidential Campaign

Apples to oranges. Talk to a qualified attorney before doing ANYTHING like this.

 

[BlueGecko]

someone should check this out like donating the 20 gold coin and campain can sell for 800

 

[Primbs]

It may not have been contemplated by the writers of the FEC law. Still they should consult a lawyer.

It might say somewhere either dollars or value to the campaign. Especially with in kind contribution where one puts the value on what is being donated.

 

[Alawn]

This isn't worth going to court over. I'm sure people would freak out if people did this.

 

[MikeStanart]

LoL You guys are too creative sometimes.

But yes; i'm Sure the campaign would not look favorably upon this;

Nor do I think it's Legal.


I'm sure at the point that they sold the item you donated; they would have to claim that you donated the amount it sold.

(Would be my guess)

 

[gerryb]

Nor do I think it's Legal.

I'm sure at the point that they sold the item you donated; they would have to claim that you donated the amount it sold.

(Would be my guess)

I wonder why it would be any different in a tax case then it is for campaign finance.

In regards to the campaign having to declare the amount it sold for... I wonder what happens if someone donates $2,300 FRN's worth of oil or a painting, and the price of the donated item goes up before it is sold.. do they have to give the difference back to the donor..., or is it capital/investment gains for the campaign if the value can be established at the time of the donation. I don't even know if campaigns are allowed to have investment gains...

 

[jasonoliver]

I think I will only start accepting Platinum Eagle Proof Coins for my business

Instead of receiving and paying taxes on $50,000, I could receive about 28 of these, and pay taxes on $2,800!

 

[theseus51]

Did you ever think of the ramifications of this? I'm guessing there are very few Ron Paul supporters who gave $2300. There are many, many, many people who gave the max to the special interest candidates. If this idea were legitimized, sure a few Ron Paul supporters could give more, but think of all the maxed out contributors who gave special interest candidates $2300. They could give waaaaay more.

Sure Ron Paul may add 20% to his overall fundraising totals, but the special interest candidates would quadruple theirs.

 

[Starks]

If you donate the rare coin and report its worth as equal to the face value, there is no crime. The intrinsic value of the coin is something that is in the FEC gray area.

 

[robert4rp08]

Genius idea. American Eagle coins are LEGAL TENDER. They are marked with a face value and to be used as such- as defined by the U.S. mint.

Incidentally, did you know Ron Paul helped get the American Eagle coin program started because the U.S. mint stopped minting coins all together and well.... that's unconstitutional. Of course the slimey government knew that a bunch of silver and gold in circulation would destroy the Federal Reserve System so they put a DUMMY face value on them to keep people from using them.

Their intrinsic value is not relevant. The face value is what is relevant!

American Eagle coins are LEGAL TENDER.

 

[mrd]

I thought in that tax case lawyers argued he didn't know the tax code required the worth of the coins to be reported, and assumed reporting the face value was legal. They asked some IRS experts on the stand, and they said they'd have to look it up. Thus, if the experts weren't even sure, how could he be sure? I think it's only illegal to falsely report taxes if you know they're false.

I highly doubt this is legal.

 

[kutibah]

Wow....great great idea!