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<p>[QUOTE="TomCorona, post: 840714, member: 17621"]Yes, I believe you are correct. That is one example. It's worse than that though. Another fine example of imputed income would be the "benefit" YOU would receive when an employer takes out a whole life insurance policy on you (that they don't even have to tell you about and of which they name themselves the beneficiaries). You now have imputed income as a result of the "protection" you receive from said policy. It is assigned a dollar amount and entered on your W-2. Isn't it nice an employer can take out an insurance policy on you, never tell you about it, and collect when you die? (oh and ALL of the redeemed policy cash goes to THEM..not you). So if you don't have your own insurance to bury yourself with, that's tough. The employer however makes out rather nicely.</p><p> </p><p>Hey..never fear though. It's just capitalism...just business.</p><p> </p><p>I think I have an idea for a new imputed earning. I think everyone that looks at coins gains pleasure from looking at them. There should be a value assigned to that. The amount would depend on how long you look at it and the amount of pleasure you actually receive from it. Big coins would earn more. Older would be more. If you're looking at gold, naturally, that means more. Clean coins would have a higher value also. Naturally, there should be a fine of some sort if your coin is too dirty. Finally, if you under report the amount of pleasure you receive then that will subject your entire current and future collections to confiscation. You would however be given a voucher redeemable for future shares in some future corporate venture. (amount and value may vary but details do not have to be foretold until after profit makers determine it's value). Imputed income on it though, would of course be due immediately. The default value would be it's entire creative book keeping projected value. You would be able to enter that loss though on your year end taxes (to be deducted from your taxes due) at the rate of .0002% of it's original projected value.[/QUOTE]</p><p><br /></p>
[QUOTE="TomCorona, post: 840714, member: 17621"]Yes, I believe you are correct. That is one example. It's worse than that though. Another fine example of imputed income would be the "benefit" YOU would receive when an employer takes out a whole life insurance policy on you (that they don't even have to tell you about and of which they name themselves the beneficiaries). You now have imputed income as a result of the "protection" you receive from said policy. It is assigned a dollar amount and entered on your W-2. Isn't it nice an employer can take out an insurance policy on you, never tell you about it, and collect when you die? (oh and ALL of the redeemed policy cash goes to THEM..not you). So if you don't have your own insurance to bury yourself with, that's tough. The employer however makes out rather nicely. Hey..never fear though. It's just capitalism...just business. I think I have an idea for a new imputed earning. I think everyone that looks at coins gains pleasure from looking at them. There should be a value assigned to that. The amount would depend on how long you look at it and the amount of pleasure you actually receive from it. Big coins would earn more. Older would be more. If you're looking at gold, naturally, that means more. Clean coins would have a higher value also. Naturally, there should be a fine of some sort if your coin is too dirty. Finally, if you under report the amount of pleasure you receive then that will subject your entire current and future collections to confiscation. You would however be given a voucher redeemable for future shares in some future corporate venture. (amount and value may vary but details do not have to be foretold until after profit makers determine it's value). Imputed income on it though, would of course be due immediately. The default value would be it's entire creative book keeping projected value. You would be able to enter that loss though on your year end taxes (to be deducted from your taxes due) at the rate of .0002% of it's original projected value.[/QUOTE]
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