To: ChicagoConservative27
The increase is based on what law?
6 posted on
12/03/2023 12:34:47 PM PST by
sauropod
(The obedient always think of themselves as virtuous rather than cowardly.)
To: sauropod
Code to collect money based on gov’t caused and measured inflation.
7 posted on
12/03/2023 12:38:36 PM PST by
Paladin2
To: sauropod
Exactly, where in the constitution does it say they’re permitted to do this?!
8 posted on
12/03/2023 12:49:34 PM PST by
No name given
(Anonymous is who you’ll know me as)
To: sauropod
The IRS establishes interest rates every quarter based on prevailing rates in the market (prime, U.S. Treasuries, etc.).
If you lend a large sum of money (I think more than $10,000) to a family member, you must charge the IRS minimum rate of interest to avoid having your loan categorized as a gift and taxed accordingly.
9 posted on
12/03/2023 12:52:16 PM PST by
Alberta's Child
(If something in government doesn’t make sense, you can be sure it makes dollars.)
To: sauropod
There’s probably a statute in the Treasury Rules that says they can charge whatever they want. Customary rates are about 9% so….
10 posted on
12/03/2023 12:52:37 PM PST by
griswold3
(Truth, Beauty and Goodness. ])
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