Posted on 07/10/2009 5:33:42 AM PDT by Red in Blue PA
So states can print their own money now?
Lets see, if I itemized deductions last year, and deducted state income tax withholding, I’ll have to add back and state refund as income the next year...but if the IOU hasn’t been traded for cash before next April 15, then what do I do?
If I sell them for half face value, can I take that as a loss?
My head is spinning, I think I’d just trade them in for carbon credits...presto, Califoria saves the planet again!
In the end, didn’t the Morlocks eat the Eloi?
I see lots of offers to buy the IOUs on Craigslist but no offers to sell. Somebody wants ‘em.
Has anyone posted an image of one of these turkeys?
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