serryjw
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Sat Apr-08-06 01:03 AM
Original message |
Can someone explain WHY you get a tax refund? |
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WHY would you want the government to keep your money for a year? I am now on a 1099 but when I was employed I changed my deductions 2-3X a year.
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SoCalDem
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Sat Apr-08-06 01:05 AM
Response to Original message |
1. Psychologically, MOST people see it as enforced savings |
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and would rather have it gone, and then returned in a lump sum.. Most people cannot save.. It burns a hole in their pocket if they have access, and then they dribble it away..
and if you are not sure of your fugures and plans, and end up owing, it's a double-downer.:)
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serryjw
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Sat Apr-08-06 01:08 AM
Response to Reply #1 |
2. From a liberal dem group |
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this is really silly. We fight them on everything then give them our money to play with for a year makes no sense.
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REP
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Sat Apr-08-06 01:21 AM
Response to Reply #2 |
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My refund, when I get one, is usually pretty trivial and years when I owe - like this one (which I knew I would), they'll get their check mailed 4/17/06 and not a minute sooner.
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babylonsister
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Sat Apr-08-06 01:23 AM
Response to Original message |
4. When they take the max out, you get a big check back. nt |
serryjw
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Sat Apr-08-06 01:25 AM
Response to Reply #4 |
6. Yeah....Ain't that silly |
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They have YOUR money for a year that you could have invested( orpaid bills!)
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REP
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Sat Apr-08-06 01:25 AM
Response to Reply #4 |
7. They Get YOUR Money, Interest-Free, For a YEAR! |
babylonsister
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Sat Apr-08-06 01:31 AM
Response to Reply #7 |
8. I think that's happening because it's the easiest way to go. |
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I cherish the fact that I'm being proved wrong. We make xxx amount and reap xxx amount w/401K and our mortgage, taxes, etc. in tact. Please improve on this plan!
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REP
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Sat Apr-08-06 01:39 AM
Response to Reply #8 |
9. I Could, With Numbers! |
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No of course I don't want you to post your personal info! But if your refund is a huge amount, well divide that by 12 and figure the interest you'd draw on that in even a simple savings account each month versus the amount you get in May (or whenever). In a Variable Rate Money Fund, you'd be getting (now) at least 4% in interest a month; simple savings about 1.1%.
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petronius
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Sat Apr-08-06 01:25 AM
Response to Original message |
5. Because George Bush is the greatest president ever |
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and he's giving back our money that those damn lieberals stole from us! :silly: / :dunce: (i.e. freeper-think)
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sbj405
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Sat Apr-08-06 05:12 AM
Response to Original message |
10. Depending on where you work, changing deductions 2-3x/yr |
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may be a bureaucratic nightmare.
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DU
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Fri Apr 26th 2024, 07:49 AM
Response to Original message |