Income Tax Refund?

[ZERO]

Just imagine if there was a system where they always got the correct amount so instead of getting money back we never would have lost said money to begin with so you would have your refund+interest, that is at least a few more beers!

[acolyte_to_jippity]

Just imagine if there was a system where they always got the correct amount so instead of getting money back we never would have lost said money to begin with so you would have your refund+interest, that is at least a few more beers!

this

tax returns are retarded. you're basically getting money back, that you didn't need to pay out in the first place. essentially, you've given the government a loan for X ammount of dollars, without interest.

[ZERO]

Although if you pay them too little they get interest!?

[acolyte_to_jippity]

Although if you pay them too little they get interest!?

not quite. the government wants you to pay your taxes, BUT they are extremely hesitant to send people out to collect them. they'd rather send you tons of notices threatening action, before coughing up the money to pay someone to come out and collect. Thus, underpaying actually works in your favor, because in that case the money is available for your use if you need it.

of course that's only if you wouldn't be able to afford the taxes, and needed it for food/whatever. too much of that can lead to more charges being levied, but on the whole it is far better than giving the gov't free money.

[mag36]

not quite. the government wants you to pay your taxes, BUT they are extremely hesitant to send people out to collect them. they'd rather send you tons of notices threatening action, before coughing up the money to pay someone to come out and collect. Thus, underpaying actually works in your favor, because in that case the money is available for your use if you need it.

of course that's only if you wouldn't be able to afford the taxes, and needed it for food/whatever. too much of that can lead to more charges being levied, but on the whole it is far better than giving the gov't free money.

Sadly general populus cant save money and poorly manage it... and on top of that with poor income class most tend to get alot more then they ever pay into taxes.... They get 2500 for earn income credit for each child and all kinds of things. so someone that makes 15k can get back 7k
its retarted really

oh and im getting 2k back and ill be using it for a down payment on a new car

[StarsMine]

Sadly general populus cant save money and poorly manage it... and on top of that with poor income class most tend to get alot more then they ever pay into taxes.... They get 2500 for earn income credit for each child and all kinds of things. so someone that makes 15k can get back 7k
its retarted really

oh and im getting 2k back and ill be using it for a down payment on a new car

I make 3k and get nothing back D:

[taz1stP]

I make 3k and get nothing back D:

i dont have to file tell 5k so i dont care about it