I think that TTFL passage was in regards to the person you have in your pocket being an EMPLOYEE.....It was not in relations with Corporations.....

Yeah..I couldn't tell.

Yes, Scott wrote the quote. Yet, I don't know the answer to your question.

"DEPOSITS are not part of the government's jurisdiction either. Jut put FOR DEPOSIT ONLY in the memo section of any cheques you deposit. NO INCOME TAX. Deposits AREN'T INCOME." Then there is this. He said MEMO section and he ALWAYS means what he says, but that is on the front. Scott, I write this on the back..... For Deposit on Account ONLY *********

Actually, I ordered a "standard" stamp from one of these computer check places long before TTFL and the "Standard" endorsement stamp said Pay to the order of Eastern Bank For Deposit Only SGMI Acct # *********

Where are you going with this exactly Chris Evan ? :-\

What? Endorse a check?

For a Corp ?

For deposit Only Account no. SFC INC

I went back and reviewed the "DEPOSIT" stuff that Scott wrote a while back so it was fresh. I have been doing this new thing called THINKING!!! :-D

But why did he say MEMO?

And why is a DEPOSIT not INCOME, yet all these CPA's down here do it opposite? I wonder if it has to do with using a holding corp

That was NOT regarding a corp.

That was for Employee depositing pay checks

*sigh* :-(

Deposits are not income. There are no synonyms in law. You are tendering an offer with conditions attached. I know Scott is refering to the front memo line. If they accept it, it's a DEPOSIT, then you cannot tax deposits as income tax, if it's not income.

Unless they soon come-up with the "DEPOSITS TAX ACT". Why do I see that coming?

ahhhhh....now I get it! Ha!!!! The Instrument isnt complete until I add my terms and conditions!

When an EMPLOYER "pays" you they declare it as "income". This is why you should ONLY contract privately.

Yes Chris Evan, by the way, you should get paid in FTPcoins from SGMI, just tell SGMI to get these FTPcoins from 9111-1111 Quebec Inc, so SGMI can pay you with them, and when you will need to EXCHANGE these FTPcoins, 9111-1111 Quebec Inc will be happy to serve you :-D

"in the end, we get all the money"

if you 'get it' its wrong. the interest a bank pays to an account is income. the check for some exchange is the offset for a loss, a DEPOSIT. you have to write it on the check, FOR DEPOSIT ONLY or the word deposit in the memo (negotiable). if you are a citizen your obligated to do it there way because you are their employee, ALL you gain is taxable is just another trick, like driving. call it a union kickback.

Why would anyone deposit into a bank, I thought the goal was to collapse the bank. Also keep in mind the bail in programme, that's when they steal it all and force you to whine to the government, help me, they will be happy to help, just sign here please.

"Income" is corporate profit. Everyone makes a mistake when reporting 'wages' as Gross Income. Look up the definitions in the IRS Manual...

Read "Modern Money Mechanics" a publication of the Federal Reserve Bank of Chicago. Pay special attention to the part of Fractional Reserve, and Expansion of Fractional Reserve. You will see why Banks are never broke...!!

Yes.That's covered in MONEY AS DEBT.That's REQUIRED VIEWING here. Have you not watched it?

A possible one-way shoot out might happen soon...

I watched it again the other day. Haven't stopped thinkin' bout self issued credit... I can imagine the look on my mechanic's face when I offer to sing him some songs in return for new break pads...Or a voucher to the value thereof... :D

Obviously then he could take that voucher to a pub and get some drinks with it. The pub owner could then contact me and ask me to play a few songs for his customers... No legal tender needed! :D

birkshire bucks eamonn. personally i preffer bullion.

Just as a note: You need only demonstrate INTENT in your instruction. Keep it simple: FOR DEPOSIT ONLY. That's it. No "account". Listing "Account" opens the door to the question; "which account"? short and sweet. FOR DEPOSIT ONLY <----THAT'S IT. NOTHING MORE.

that which is written takes presidence over numerals.

Great thread from the resurection of Scott Duncan teachings Chris Evan :-)

When electronically transferring money between accounts, could one put the same information in the instructions for said transfer?

Ethereum has a turing-complete API! You are only limited by your imagination!

See what I mean? We replace money with OPEN STANDARDS. Next we replace The LEGAL MATRIX with OPEN STANDARDS. Then, GOVERNMENT. Replace it with open standards.

Bump