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USA: Do I still file federal taxes if the federal government collapses? (lemmy.ml)
submitted 2 years ago by to c/asklemmy@lemmy.ml
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Like, if its collapsed, do I file? Do I even have to?

I am most certainly going to pay my state tax, but then what? What about stuff like my social security funds?

(I am asking for others because we're at that point now I suppose)

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[โ€“] 6 points 2 years ago (3 children)

You and me cant use those unseen capital gains as collateral to buy a propaganda machine.

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  • [โ€“] 1 point 2 years ago* (last edited 2 years ago) (2 children)

    Put a percentage of every paycheck into an index fund (ex: VTI) and sit on them for a few years. You too will have capital gains.

    Average returns on index funds are 6%-8%/yr, compounding. They are a solid long-term investment.

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