IN DEBT WE TRUST

The first tax shelter was a cabin labeled “Not My Income.” Authorities were unimpressed.

✗ FAKE
Tax shelters are legal arrangements that reduce taxable income. A cabin labeled 'Not My Income' is a joke, and authorities do scrutinize improper schemes.

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A “dividend” was originally a peace offering between feuding merchants. Now it’s just a tiny apology from companies.Credit scores were originally determined by how confidently you nodded. Which explains why chaos has excellent limits.The first budgeting tip was “cook at home.” The second was “cry less.”The first “economic bubble” was literally a bubble blown by a king’s accountant. It popped immediately, like most optimism.The first “bear market” began when a bear stole the trader’s lunch. Spirits fell instantly.The first financial crisis started when someone said “this can’t possibly go wrong.” It went wrong immediately.See all In Debt We Trust facts →

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