Las Vegas businessman Robert Kahre, along with his attorney, William A. Cohan, talk with Steve Murphy of "Insider Exclusive" about his battle with the IRS to pay his employees in gold and silver coin. This interview includes footage of FBI and IRS agents raiding Kahre's business in May 2003. According to Cohan and Kahre, agents attempted to destroy these videos and lied about it in court documents.
Showing posts with label Internal Revenue Service. Show all posts
Showing posts with label Internal Revenue Service. Show all posts
Thursday, July 17, 2008
Nevada businessman stands up to IRS on issue of paying employees in gold
Las Vegas, Nev. - On a 106-degree May afternoon in 2003, government agents raided several establishments belonging to Southern Nevada businessman Robert “Bobby” Kahre. With guns drawn, officials held more than 20 handcuffed workers in the sun without water as agents collected records and other materials.
Kahre hadn’t committed a crime. He had upset the Internal Revenue Service by paying his workers based on the face value of gold and silver coins, versus the market value in the Federal Reserve system (the value of the coins in U.S. paper dollars). Even though the coins were in circulation, displayed a face value, and were regulated by Congress, the IRS’s confusing and endless tax code did not determine how to handle these gold and silver coins if used for payroll. The tax code only references dollars. It does not distinguish between coined money and paper money.
For more on this story, go to Liberty Watch
Photo: Las Vegas attorney Joel Hanson, who served on the Kahre defense team
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