Puzzle (via FDR)
One half of the corporation's yearly income happened to materialize in $100 Federal Reserve Notes (with the market value of paper $0.0001 each) and another half in still circulating US gov. minted $50 face value gold coins (with the market value, say, $1000 each).
Question: do you calculate corporation's federal income tax based on the face value of the notes and coins or based on the market value of paper and gold bullion? Чуp, в ответ не подглядывать!
One half of the corporation's yearly income happened to materialize in $100 Federal Reserve Notes (with the market value of paper $0.0001 each) and another half in still circulating US gov. minted $50 face value gold coins (with the market value, say, $1000 each).
Question: do you calculate corporation's federal income tax based on the face value of the notes and coins or based on the market value of paper and gold bullion? Чуp, в ответ не подглядывать!