For inventing the internet that is. I did an e-file for the very first time and what do you know, a few hours later the IRS said they had "accepted" my return. I would hope so given the effort I put into it. But I'm not complaining as the IRS estimates my refund should arrive on approximately March 11. OK, excuse the fiat induced paranoia, but why the delay? Are they considering an audit? Does Bernanke need time to print more money?
One reason for the refund is I maxed out my investment loss deduction at $3000. Lucky me, given the size of the losses, I can use the loss carry over provision and max out this deduction for years. This loss was associated with investments in two Dodge & Cox funds, International and Balanced. As "value" investors, in 2008 they overweight the financial sector, made other bad choices, and refused to be flexible. Month after month I watched them ride that tired horse into the ground. This experience was the impetus for two of the three cornerstones of the fiat fantasy portfolio. First, it's your money so you better be responsible for it. Second, "buy and hold" has been oversold. The third precept is fiat money is a scam so acquire some hard asset and non dollar investments.
The stock market nosedive in 2008 must have lingering effects. Wouldn't the result of many investors realizing losses and taking the max deduction be reduced government tax revenues? Just curious.
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