That's because built into a lot of regulations and laws are ideas the Founders had, one of which is the "debt jubilee." "At the end of every seven years you shall grant a release of debts. And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor or his brother, because it is called the Lord’s release." (Deuteronomy 15:1-2)
In all honesty, that is a gotcha ... but not admissable since the IRS only counts back 7 years. Oddly Biblical number ...
That's because built into a lot of regulations and laws are ideas the Founders had, one of which is the "debt jubilee." "At the end of every seven years you shall grant a release of debts. And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor or his brother, because it is called the Lord’s release." (Deuteronomy 15:1-2)
Oh, I know the reference.... hence my noting of it.
Ah, good. Former teacher, it's a reflex. :P
I get it.