(4) Bank Reserves — Taxation

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Here is a link to Stephanie Kelton's (née Bell) classic piece of research: Can Taxes and Bonds Finance Government Spending? Note especially the passage starting at the bottom of page 20 (of the paper, page 22 of the pdf)  down to "Summary and Conclusion" on Page 22 of the paper (page 24 in the pdf).

I chanced on it in my search for a precise account of the role of bank reserves in discharging tax liabilities. Intuitively I become surer and surer of the process, but for the penny to ultimately drop, I'd like to go through a concrete example of the accounting.