Leitch v. Department of Revenue

CARLISLE B. ROBERTS, Judge.

Plaintiffs appeal from the Department of Revenue’s Order No. I 81-59, affirming the act of the department’s auditor in assessing the plaintiffs for Oregon personal income tax deficiencies in the tax years 1976, 1977 and 1978. The deficiencies arose from the understatement by plaintiffs of income taxes for those years by “converting” Federal Reserve Notes received to specie dollars (i.e., those related to gold and silver coin). Plaintiffs contend that gold and silver are the only measures of money defined in the United States Constitution. They do not contend that…