Are You Usually Happy or Disappointed With Your Tax Refund?
SodaHead News
2012/03/29 01:04:20
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As the old adage goes, "nothing is certain but death and taxes." And we hate to bring up bad news, but the latter part of that certainty is almost upon us. April 15 is known for nothing more than "tax day." It's the day we're all supposed to get our paperwork together, submit our documents, and only hope for a substantial amount of cash back in return. And it's around the corner.
But hey, there has to be a bright side to doing your taxes, right? Are you looking forward to a big refund? Or maybe you just like knowing that you're performing your patriotic duties as a U.S. citizen. Whatever the case, we'd love to know more about your opinion on taxes. Take our six-question Tax Survey. Hey, it's better than filling out those documents, right?
But hey, there has to be a bright side to doing your taxes, right? Are you looking forward to a big refund? Or maybe you just like knowing that you're performing your patriotic duties as a U.S. citizen. Whatever the case, we'd love to know more about your opinion on taxes. Take our six-question Tax Survey. Hey, it's better than filling out those documents, right?
Read More: http://www.sodahead.com/survey/featured/tax-survey/
Top Opinion
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Jean 2012/03/29 23:13:15What tax refund?
+7Frankly, people who get refunds are fools. The tax refund is the equivalent of allowing a store to overcharge you for your purchases, then forcing you to fill out paperwork proving you were overcharged and then waiting 6 weeks to get your money back. The goal of every wage earner should be to owe nothing and to pay nothing - this lets you use your own money during the year when you might actually need it (like to pay your mortgage, utilities or buy food) rather than giving congress and our beloved Commander in Chief an interest-free loan.
all in all....it is still better to keep the money yourself....but you have to be disciplined.
And you would think thay are not.
But fact is when you over pay your tax obligation every pay day, that money goes into an IRS bank account, and the IRS gets interest on that money.
But when they send you your overpaid taxes you get no interest, the IRS keeps that part of your money for themselves.
The IRS loves people who are so ignorant they can't figure out what to pay out of each paycheck.
If you are claiming "0" on your employee taxes and get alot back, you need to claim "1" and that way you will receive more in your paycheck, and get less back in a tax refund, and you can save that money yourself, and keep the interest for yourself, why give that money away????
If you still get a big refund back, then claim "2" on your employee tax statement, and get even more in your paycheck, and less back of a refund.
The IRS makes approx. 100 million on interest alone from people letting them keep their overpaid taxes until the end of the year, then they sen you the money back that you overpaid, and keep your little gift to them in interest.
So people who get large refunds back are paying the IRS more than they think they are.
The IRS knows people can't save money and like receiving a big tax refund, a...
And you would think thay are not.
But fact is when you over pay your tax obligation every pay day, that money goes into an IRS bank account, and the IRS gets interest on that money.
But when they send you your overpaid taxes you get no interest, the IRS keeps that part of your money for themselves.
The IRS loves people who are so ignorant they can't figure out what to pay out of each paycheck.
If you are claiming "0" on your employee taxes and get alot back, you need to claim "1" and that way you will receive more in your paycheck, and get less back in a tax refund, and you can save that money yourself, and keep the interest for yourself, why give that money away????
If you still get a big refund back, then claim "2" on your employee tax statement, and get even more in your paycheck, and less back of a refund.
The IRS makes approx. 100 million on interest alone from people letting them keep their overpaid taxes until the end of the year, then they sen you the money back that you overpaid, and keep your little gift to them in interest.
So people who get large refunds back are paying the IRS more than they think they are.
The IRS knows people can't save money and like receiving a big tax refund, and they charge for that service by keeping the interest your money made while in their possession.
I get "0" back in taxes, sometimes I have to pay $20 or $30 dollars, and I like it that way, ecause the IRS is not making any money off my money!
Thank you so much for the great info. have a great easter weekend !
I prefer to pay in, while I collect interest all year on the money that I kept out of the wasteful hands of Uncle Sam.
I hate to be so blunt, but your friends are fools. Are they completely oblivious to the fact that they could take that $25 a week and invest it themselves as opposed to giving it to the government to use as they wish, only to get it back WITHOUT INTEREST at the end of the year? And considering inflation they are actually getting LESS back.
And your statement that you can plan your finances around a lump sum from the government makes no sense. Why wouldn't you want control of that money, YOUR money, right now? Adjust your withholding plan so that you have control over it.
I'm getting back $87.
The lady next to me works part time at Subway, makes $15,000 a year and is getting back $8,000.
She has 5 kids from 5 different dads.
She is on EBT.
All 5 of her kids are in school so she could work she just chooses not to.
I'm penialized for working hard to pay my bills.
I don't understand why Democrats want to get rid of the Bush tax cuts.
This woman made out well because you get $1000 per kid.
Without the Bush tax cuts she'd only get $3000 or less.
I am certain that I have paid twice for some yrs. It's always, 'they went back and reviewed my earnings and they judged that I did not pay enough'; set a new estimate of what I owe and bill me with penalties because naturally, I'm late by then again - and it strings out for another yr. Just so we can spend 2 Billion dollars a week in Afghanistan.