• TalesOfTrees@sh.itjust.works
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    7 months ago

    I dont know what I expected, but apparently the 1099A form, at least for the US, is for foreclosed on or abandoned property. It’s probably a good thing I have no idea how that translates into “Use it to buy a car”.

    • ImplyingImplications@lemmy.ca
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      7 months ago

      They believe the government owes everyone $2 million at birth but the only way to access it is by using a 1099A tax form as a cheque. The person who receives it is supposedly allowed to cash it by sending it into the IRS who will pay them using the secret money in your secret account. If it makes no sense it’s because you have a functional brain.

      • saltesc@lemmy.world
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        7 months ago

        My guess is this $2M may be the amount of tax paid on average over a lifetime that goes toward state services? So like a massive tax refund for life, but from a body they’re not paying tax to, so they’d never actually accumulate anything to refund. Is that it?

        ~3.7M annual births in USA. That’s $7.4T a year in secret citizen stash money. Maybe that’s the real reason US life expectancy is much lower than other developed nations, the IRS doesn’t have a vault big enough to cram the generational $~500T of wealth in.