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re: can someone give me a rough estimate of a tax refund?
Posted on 1/22/13 at 11:34 pm to Batdawg
Posted on 1/22/13 at 11:34 pm to Batdawg
quote:
So what's so wrong with filing zero? I don't care about the government as long as I get my money back.
Bc you are given them an interest free loan. IE you are losing money. The time value of money is a powerful thing and you are on the losing end here.
1
Posted on 1/23/13 at 12:00 am to MikeBRLA
No I'm not. I keep all my money in a checking account anyways. No interest unless I have savings account.
Posted on 1/23/13 at 12:52 am to Batdawg
geez, I guess some people are just so bad with money, they'd rather the government hold it for them.
I'd rather the extra $416 \ month, but that's just me..
I'd rather the extra $416 \ month, but that's just me..
Posted on 1/23/13 at 3:18 am to LSU6262
How the hell can you get $416 a month in interest?
Posted on 1/23/13 at 6:31 am to Batdawg
I meant that the $5000 extra you're sending to the government could be yours to use on a monthly basis. money now is always greater than money later. but hey if you like to give out interest free loans, more power to ya.
Posted on 1/23/13 at 7:47 am to Batdawg
quote:
How the hell can you get $416 a month in interest?
Well you could be taking that $416 a month and investing it in something other than an interest free loan to the federal government.
Posted on 1/23/13 at 8:29 am to Batdawg
quote:
No I'm not.
but you are
Posted on 1/23/13 at 9:04 am to yellowfin
Anyways, I'm going to talk to our accountant at work to have him reduce the % of fed taxes being deducted each pay to keep more of my money in my pay each period cause I need money.
Posted on 1/23/13 at 10:01 am to iwasthere
This is correctish, assuming that the OP didn't include SS and medicare tax in the $10,000 total.
This post was edited on 1/23/13 at 10:03 am
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