United States...Inventor of teh Automobile

[Flipx99 5,000+ posts]

If your bank doesnt send you a letter showing the interest earned and to be claimed you dont have to worry about it, that is if it is under a certain amount.
There is no reason to have $7g in checking and 1600 in saving, savings should have more, unless you need 7g on a day to day basis lol

x2 on both

 

[Flipx99 5,000+ posts]

Do you really have to claim interest?
Ive made around 500 dollars thus far off my CD. I havnt done anything with it. Just let it build.

Yes, your bank will send you a 1099 form where you claim the interest income.

 

[Flipx99 5,000+ posts]

Maybe Obama meant we invented the Oldmobile?

 

[fatboyracing 10+ year member]

we laughed when he said this also

 

[audiolife 5,000+ posts]

I laugh because the spending of money we didn't have caused this mess so I guess Obama believes doing it at a higher rate will fix it? Interesting.

 

[squeak9798 5,000+ posts]

Do you really have to claim interest?
Ive made around 500 dollars thus far off my CD. I havnt done anything with it. Just let it build.

Well, "have to" is a matter of opinion //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif

But that amount is reported to the IRS by your bank, and as Flip said you'd receive a 1099 for interest earned.

It is a reason for the IRS to reject your taxes when you file.....if your claimed earned income doesn't match what was reported to them as earned income. Also, if the IRS doesn't catch it initially but you're ever audited (unlikely, unless you do something else that catches their attention) you could end up owing the government //content.invisioncic.com/y282845/emoticons/greedy.gif.5a53e6246569d7ab79867170f3b06629.gif

 

[squeak9798 5,000+ posts]

What a crock of shit.

We didn't invent the automobile.

But we did "invent" mass produced automobiles.

So they left out the "mass produced" part? No biggie.

You know what they say......"Close enough for government work"

 

[IgnoreMe 5,000+ posts]

If your bank doesnt send you a letter showing the interest earned and to be claimed you dont have to worry about it, that is if it is under a certain amount.
There is no reason to have $7g in checking and 1600 in saving, savings should have more, unless you need 7g on a day to day basis lol

originally i put the cash into the savings to see what i would get from it kinda test the waters. when i saw 1 cent and shit like that every month i said **** it, and stopped putting money in. i was gonna transfer the money back into my checking because id rather not get any interest back if its rinky dink amounts like that. its like a slap in the face.

 

[lilmaniac2 5,000+ posts]

originally i put the cash into the savings to see what i would get from it kinda test the waters. when i saw 1 cent and shit like that every month i said **** it, and stopped putting money in. i was gonna transfer the money back into my checking because id rather not get any interest back if its rinky dink amounts like that. its like a slap in the face.

lol, I keep about 10g in savings, and the rest is invested in more lucrative, higher earning futures.

 

[newusername 10+ year member]

If you just let it sit there, you're losing it to inflation. At least earn what you can.

 

[Flipx99 5,000+ posts]

We didn't invent the automobile.
But we did "invent" mass produced automobiles.

So they left out the "mass produced" part? No biggie.

You know what they say......"Close enough for government work"

lol.

I just did this beause people jumped on Bush for the same shit...and Al Gore for claiming to invent the internet, etc.

Believe it or not the idea for the moving assembly line was borrowed for the Chicago Stockyards. Apparently H. Ford saw folks slaughter pigs when the pigs moved along a rail. Each person would chop at it while it moved along...Ford thought he could adopt that idea to car building.

 

[Flipx99 5,000+ posts]

If you just let it sit there, you're losing it to inflation. At least earn what you can.

The best I could do to get out of USD but remain liquid is let it sit like that.

 

[lilmaniac2 5,000+ posts]

lol.
I just did this beause people jumped on Bush for the same shit...and Al Gore for claiming to invent the internet, etc.

Believe it or not the idea for the moving assembly line was borrowed for the Chicago Stockyards. Apparently H. Ford saw folks slaughter pigs when the pigs moved along a rail. Each person would chop at it while it moved along...Ford thought he could adopt that idea to car building.

You must have had the same management book I had LOL. Thats like word for word what it said lol

 

[Flipx99 5,000+ posts]

You must have had the same management book I had LOL. Thats like word for word what it said lol

I guess it's more common than I thought. This was a paper or article or something that I read about how innovation is often brought about by adopting ideas developed in a meaningless (relatively) situation and adopting them to a better one. ANother mentioned was apple jacking Xerox's graphical user interface.

 

[lilmaniac2 5,000+ posts]

I guess it's more common than I thought. This was a paper or article or something that I read about how innovation is often brought about by adopting ideas developed in a meaningless (relatively) situation and adopting them to a better one. ANother mentioned was apple jacking Xerox's graphical user interface.

Another example from my management class. Maybe he studied those papers, or the author of our book wrote those papers.