Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
Goofyhoofy:

<<<Second, according to the definition, if one suffers a decrease in net worth, then they paid negative taxes (which would imply receiving funds from the government instead of paying funds to the government) and that is not an accurate description.>>>

"I received funds from the government. Two stimulus checks, not to mention the monthly Social Security (I know, I know, it’s my money)."

Not really.

"And interest on government bonds. (I know, I know…)"

Interest on the bonds is payment for loaning the government money, unlike the stimulus checks, which IMO makes the interest paid to you inapplicable to this discussion. SS is a whole other discussion, one that I do not care to open today.

"Just sayin’. Pedantism is underrated."

Were the stimulus checks larger than the taxes paid for those years?

Regards, JAFO
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.