Quote:
Originally Posted by Gerania
It's not a rant about being taxed. S/he is pointing out that people overpay and wait for a return -of their own money-. I don't make an annual interest free loan to the IRS.
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I totally understand this, but with a refund of $1,000 or so, and rates the way they are in these days, how much interest would a person have really earned had they deposited that amount in a savings account during the course of the year rather than had it withheld and sent to the IRS? Keeping in mind that the whole amount overpaid would not have been in the account for the entire 12 months, but instead accrued over time.
I am with the group that would rather overpay and then have a little windfall the following year. Losing a few dollars in interest doesn't bother me. And paying taxes doesn't bother me either. I just object to how the burden seems to be unequitably divided. But that's another thread...
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