How To Sign Your Paycheck

You already know that FRNs are not money . . . but FRNs and your paycheck are treated like money. But they are nothing more than worthless securities26 U.S.C. section 1.165-5(3). So, if your paycheck is a worthless security and not redeemable with gold or silver coin, how do you sign your paycheck, a.k.a. a negotiable instrument, properly?

According to Freedom Law School the proper way to endorse a check is as follows:

DEPOSITED FOR CREDIT ON ACCOUNT
OR EXCHANGED FOR
NON-REDEEMABLE FEDERAL RESERVE NOTES

This is true, isn’t it. You merely want some digits credited to your account or to receive FRNs which are not backed by gold or silver but are useful to purchase commodities because of public confidence.

According to Freedom Law School this manner of endorsement has already been tested with the IRS. When the taxpayer discussed showed the IRS agent his inscription on all his paychecks, the IRS admitted this was NOT income . . .and no tax was due!

So, you must overcome the presumption that a paycheck is income by correctly indorsing the negotiable instrument with:

DEPOSITED FOR CREDIT ON ACCOUNT
OR EXCHANGED FOR
NON-REDEEMABLE FEDERAL RESERVE NOTES

Using this method would enable you to receive money of account without touching the tar-baby of presumptive income?

Did you see the word note on the above dollar pic?

See: http://freedom-schoo…m/money/nod.htm RE: Notes of Debt are not Income.

For a legal consideration of a worthless security (a paycheck 0r Federal Reserve Note) see the following:

Quote

TITLE 26 > Subtitle A > CHAPTER 1 > Subchapter B > PART VI > §

§ 165. Losses

(g) Worthless securities

(1) General rule: If any security which is a capital asset becomes worthless during the taxable year, the loss resulting therefrom shall, for purposes of this subtitle, be treated as a loss from the sale or exchange, on the last day of the taxable year, of a capital asset.

(2) Security defined: For purposes of this subsection, the term “security” means (angel) a share of stock in a corporation;

(B) a right to subscribe for, or to receive, a share of stock in a corporation; or

(C) a bond, debenture, note, or certificate, or other evidence of indebtedness, issued by a corporation or by a government or political subdivision thereof, with interest coupons or in registered form.