this post was submitted on 13 Apr 2024
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[–] TalesOfTrees@sh.itjust.works 41 points 6 months ago (2 children)

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 49 points 6 months ago (1 children)

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 9 points 6 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.

[–] breadsmasher@lemmy.world 20 points 6 months ago (1 children)

File Form 1099-A for each borrower if you lend money in connection with your trade or business and, in full or partial satisfaction of the debt, you acquire an interest in property that is security for the debt, or you have reason to know that the property has been abandoned. You need not be in the business of lending money to be subject to this reporting requirement.

It really makes no sense. All I can assume is they read “acquisition of .. property” and literally nothing else

https://www.irs.gov/forms-pubs/about-form-1099-a

[–] wjrii@lemmy.world 12 points 6 months ago

It's deeper than that. The conspiracy posits that the fraudulent US government holds a certain amount in trust for each sovereign person that they "bought" and that with the right paperwork you can access that money as the natural executor of a trust set up with a similar name to yours but in ALL CAPS because conspiracy, and definitely not because typewriters and dot matrix printers.