Circumventing Currency Usage, Am I Crazy SeriouslySubmitted by Phxarcher87 on Mon, 02/25/2013 - 21:09
Ok this has to do with using different currency for business.
Wouldn't it be smarter to use Silver Eagle Dollars for business than paper money?
A Silver Eagle Dollar is worth about 28 dollars right now. But if you use is at the store they will only accept is as 1.00 dollar.
So her is my example:
You have a business and you do business cards. You charge 250.00 Dollars for you service. You take a picture organize the slogan and business logo, bada bing, bada boom 250.00 US dollars each time. Lets say you do 300 clients a year and get taxed at 25percent.
Well lets say you do 300 clients a year, at $250.00 a piece for the business cards, that is $75,000.00 in profit.
Well lest say you get taxed at 25percent $75,000.00 x 25% = 18,750.00 in taxes;(
Well lets say you were to take your payment in Silver Eagle Coins which have a face value of $1.00 but technically are worth $28.00 because of the silver that is in them. You could earn less with actually earning the same amount on the books.
Here it goes. Same business card thing.
Lets say you do 300 clients in one year at $9.00 but you take Silver Eagle rounds. You will have made $2,700.00 for the books that can be taxed.
Well $2,700.00 x 25% or .25 = $675.00 for taxes
Why wouldnt people who do business on a regular basis with each other use this method of transactions.
You are still being honest on the books. Who can tell you what your service is worth? Does this make any sense? You have to make sense to make cents:)
here is my video talking about this for clarification