Comment: it's lame

(See in situ)

it's lame

Seems the IRS link above is to a bulletin. I don't know if this is a court ruling, or just part of an IRS manual that might get tested in court.

"Is it $50 if I give you an American eagle ... but $1740 if I give you a gold bar or round? It's a pretty lame tax avoidance argument..."

Congress made the law that says for a $50 American Gold Eagle, it is $50. A lot of things Congress does are lame, it is still the law until the law is changed.

From website, the law authorizing American Eagles: info on the law that allows making of the one cent coin:

Beyond "because they can", how does an agency successfully ignore a law that sets a weight and measure?