VetOfTheSeas@discuss.online to Work Reform@lemmy.world · 6 days agoThe rich convinced us that taxing them is too complicated but everyday people can be taxed pretty easilydiscuss.onlineimagemessage-square187linkfedilinkarrow-up11.67Karrow-down115
arrow-up11.66Karrow-down1imageThe rich convinced us that taxing them is too complicated but everyday people can be taxed pretty easilydiscuss.onlineVetOfTheSeas@discuss.online to Work Reform@lemmy.world · 6 days agomessage-square187linkfedilink
minus-squaretristynalxander@mander.xyzlinkfedilinkEnglisharrow-up2·6 days agoWhat happens when someone fails to pay back their bond? Do I get a tax refund?
minus-squareMasterBlaster@lemmy.worldlinkfedilinkarrow-up1·5 days agoNo, since you didn’t make any money and were not taxed. Also, the bond issuer is now in bankruptcy and/or being sued into bankruptcy. I might even get back the principle depending on the output of the legal proceedings.
What happens when someone fails to pay back their bond? Do I get a tax refund?
No, since you didn’t make any money and were not taxed. Also, the bond issuer is now in bankruptcy and/or being sued into bankruptcy. I might even get back the principle depending on the output of the legal proceedings.