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<p>[QUOTE="imrich, post: 26136664, member: 22331"][ATTACH=full]1668249[/ATTACH] </p><p><br /></p><p>I apologize for the irritating confusion I generated when discussing a taxable exchange between 2 humans!</p><p><br /></p><p>Here is a believed legal description of the process when excess funds are transferred, possibly called "interest":</p><p><b><br /></b></p><p><b>"Interest is the charge for the use of borrowed money and generally may be subject to a TAX.</b></p><p>In most cases you will earn interest if you let others use your money.</p><p>Your money earns interest when it is lent to another person or business.</p><p><br /></p><p>Interest is considered unearned income because money, not a person, is working to earn the income."</p><p><br /></p><p>SORRY FOR MY APPROACH OF INTERACTING WITH A CREATURE THAT NORMALLY COULD NOT HUMANLY POST ON THIS SITE!</p><p><br /></p><p>I stooped to the level of that creature, as I often do with my German Shepherds, who have me "well-trained".</p><p><br /></p><p>A 150# pitch black German Shepherd canine can do whatever they wish!</p><p><br /></p><p>My approach was improper!![/QUOTE]</p><p><br /></p>
[QUOTE="imrich, post: 26136664, member: 22331"][ATTACH=full]1668249[/ATTACH] I apologize for the irritating confusion I generated when discussing a taxable exchange between 2 humans! Here is a believed legal description of the process when excess funds are transferred, possibly called "interest": [B] "Interest is the charge for the use of borrowed money and generally may be subject to a TAX.[/B] In most cases you will earn interest if you let others use your money. Your money earns interest when it is lent to another person or business. Interest is considered unearned income because money, not a person, is working to earn the income." SORRY FOR MY APPROACH OF INTERACTING WITH A CREATURE THAT NORMALLY COULD NOT HUMANLY POST ON THIS SITE! I stooped to the level of that creature, as I often do with my German Shepherds, who have me "well-trained". A 150# pitch black German Shepherd canine can do whatever they wish! My approach was improper!![/QUOTE]
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