[AmericaUnited]

Maybe I missed the point of the story. I thought the employer was paying his employees. So if the employee was getting $800 a week, the employer would buy one Eagle($800), pay the employee, who would accept it, knowing it was worth $800.

[bruinbirdman]

The employer was paying $800/wk and giving the employee a $50 gold piece.

The employer and the employee were telling the IRS they were earning $50/wk. and paying taxes on $50/wk.

yitbos