 Interest rates increased for the first quarter of 2023. Whoa, interest rates went up? You mean like everything else? I mean, that's not exactly surprising. You know, I think ever since you've come into office, things are really looking up. You know, gas is up, rent is up, food is up, everything. Propaganda's up, laptop misplacements are up, more cocaine's up, Hunter Biden's nose. I mean, everything's up. Like, even obese man winning beauty contests is up. Causing men to have just about the only thing that's down these days. But whatever, first a joke. I've gotten some blowback from my video about the global warming painting soup throwing people calling me cruel. He's a monster. Hey, can you believe that? It's ridiculous. What? That's ridiculous. I will have you know I'm the nicest person who's ever stomped on Mother Earth's face. Cool. You handle the dragon, I'll handle the stares. Oh, I'll find those stares. I'll whip their butt too. Those stares won't know which way they're going. I mean, who's ever walked all over Mother Earth's face. Kick drastic steps. Kick to the curb. Don't mess with me, I'm the stare master. I mean, who's ever walked the face of Mother Earth. Okay, whatever. You've got me, okay? It's a stupid, stupid station. A stupid what? Whatever. So I stomp on Mother Earth's ever increasingly hot, sweaty face. Daily. Yeah, I mean, everyone does it. You know, stop acting all high and mighty over there. I'm master of the stands. I wish I had a step right here, right here, and now I step all over it. Dragon. IR 2022-206, November 29, 2022, Washington. The Internal Revenue Service today announced that the interest rates will increase for the calendar quarter beginning January 1, 2023. For individuals, the rate for overpayments and underpayments will be 7% per year compounded daily, up from 6% for the quarter that began on October 1. Here is a complete list of the new rates. You got the 7% for overpayments. Payments made in excess of the amount owed, 6% for corporations. 4.5% for the portion of a corporate overpayment exceeding $10,000. 7% for underpayments, tax owed, but not fully paid. 9% for large corporate underpayments. Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points. Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus 3 percentage points, and the overpayment rate is the federal short-term rate plus 2 percentage points. The rate for large corporate underpayments is the federal short-term rate plus 5 percentage points. points. The rate on the portion of a corporate overpayment of tax exceeding $10,000 for a taxable period is the federal short-term rate plus one-half or .5 of a percentage point. The interest rates announced today are compounded for the federal short-term rate determined during October 2022. See the revenue ruling for details. Revenue ruling 2022-23, there's a link to that here. Making the rates of interest will appear in Internal Revenue Bulletin 2022-51 dated December 19, 2022. So there's a link to that here, there'll be a link to this in the description.