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It's basically correct if you peel back a few abstractions: Taxes must be paid in dollars in accordance with federal law. Federal law is established through elected representatives. The legislative process is a democratic republic's mechanism for coming to agreement on rules that affect society at large.

In other words, at some point in time a bunch of elected representatives agreed that the dollar would be worth something and codified that in law.

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Congress shall have power to coin money, regulate the Value thereof, and of foreign coin, and fix the standard of weights and measures. ~ Art. I, sec. 8, cl. 5. Congress shall have power to provide for the punishment of counterfeiting the securities and current coin of the United States. ~ Art. I, sec. 8, cl. 6.

Yes, and the Constitution gives the legislature the power to make such laws :-) Always traceable to the societal root of trust

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