by Pinky on Mon Feb 15, 2010 5:27 pm
Just an FYI: it's a common misconception that anyone's going to 'get money back'. The way the US taxes work is that you can deduct your losses from your taxable income. Say for instance you earn $50,000 annual salary. Every month your employer sends 10% of your paycheck to the IRS for your income tax withholding. At the end of the year the IRS has $5,000 of your money held waiting for you to file your taxes. If your tax obligation on the $50,000 is $5,000, you get nothing back. If you were scammed for $10,000 and claim this loss, then you only have to pay $4,000 (on $40,000) and the government will refund you the overage of $1,000. (Please bear in mind that these figures are arbitrary and not indicative of actual taxes.)
I just want to be certain that no one is thinking the US government is giving back money that scammers stole.
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