Radical Changes, Inc. based out of Elbonia has decided to follow a new method for compensating employees, company credit cards. A given card will have a monthly expenditure limit of the employees' salary so instead of getting a regular paycheck, the employee gets a credit limit bump.
Although unlike a banks' credit limit Radical employees' credit limit goes down as they make purchases. So an if you had a credit limit of say 10k after making a purchase of 2k, you credit limit would now immediately appear as 8k.
If you however felt like withdrawing the money and keep it in your savings account to generate interests or if you didn't trust Radical Changes, Inc. Then you could fill out a 1099 at tax filing time and pay taxes on that income.
All in all, this is a great idea and I hope other companies endorse it too.
Apr 1, 2008
Penny Buyback Program = Free Money
Did you know?
The United States Mint spends 1.7 cents in manufacturing costs for a single penny. Yeah, that's more than the cost of the penny itself. They're sold to the treasury at face-value. So for every thousand pennies they loose $7.00.
Having reviewed my business proposal to cut-losses at the manufacturing plant also known as the money-plant (hence the phrase), the US govt. has decided to buyback pennies for a cost of 1.3 cents a penny, so if you turn in a thousand pennies you'll receive $13.00. That's a profit of three dollars straight.
[Note to self] Con-idea#1: Take a bank loan of a couple hundred million dollars in pennies and then turn those in for a hefty profit and keep repeating the procedure until someone notices.
Jokes aside, so when considering the buyback program a Penny lobbyist raised an important question, "How will people send pennies, and wouldn't shipping cost offset any profits?". To this I referred to section 2 paragraph 13 where I've enlisted locations of local Federal Reserve Bank branches where pennies can be taken.
The buyback program raised further issues of money production which could be easily tackled by over-production of certain other denominations.
The mint expects to offset their losses by 12% with conservative estimates in the fiscal year 2008-2009. With your help we can strengthen the weakening economy.
Every little bit helps, so take your penny-stock to your nearest Federal Reserve Bank today.
Let's make this April an April of free money. :)
The United States Mint spends 1.7 cents in manufacturing costs for a single penny. Yeah, that's more than the cost of the penny itself. They're sold to the treasury at face-value. So for every thousand pennies they loose $7.00.
Having reviewed my business proposal to cut-losses at the manufacturing plant also known as the money-plant (hence the phrase), the US govt. has decided to buyback pennies for a cost of 1.3 cents a penny, so if you turn in a thousand pennies you'll receive $13.00. That's a profit of three dollars straight.
[Note to self] Con-idea#1: Take a bank loan of a couple hundred million dollars in pennies and then turn those in for a hefty profit and keep repeating the procedure until someone notices.
Jokes aside, so when considering the buyback program a Penny lobbyist raised an important question, "How will people send pennies, and wouldn't shipping cost offset any profits?". To this I referred to section 2 paragraph 13 where I've enlisted locations of local Federal Reserve Bank branches where pennies can be taken.
The buyback program raised further issues of money production which could be easily tackled by over-production of certain other denominations.
The mint expects to offset their losses by 12% with conservative estimates in the fiscal year 2008-2009. With your help we can strengthen the weakening economy.
Every little bit helps, so take your penny-stock to your nearest Federal Reserve Bank today.
Let's make this April an April of free money. :)
Subscribe to:
Posts (Atom)
