Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
No you have to be a brilliant to tell other people they aren't as smart as you on the internet. Takes a special person of high moral character.
It actually IS common sense to save 4% or even 7% interest on debt rather than to give the Fed Gov an interest free loan. How does that fact confuse you?
Same thing. That's just like... Hmmm... should I overpay my federal income tax liability by $200/month so I can get a tax refund at the end of the year on which the Fed Gov pays no interest? Or should I pay down a 7-8% interest rate debt by an extra $200/month. It's a no-brainer to me. But a HUGE percentage of the US population just doesn't get it. WHY is that? Serious question...
What exactly are you talking about. We take no deductions (claim 0) and we owe money. What could we do differently? What common sense are we missing here?
What exactly are you talking about. We take no deductions (claim 0) and we owe money. What could we do differently? What common sense are we missing here?
Owing isn't bad. I owe, too, every year, above what I've already paid in quarterly estimates. As long as you keep what you owe within the amount that doesn't generate additional penalties/fees/interest from the RS, you're good to go.
Good Lord... the "Free Loan to the govt" stuff is getting old.
In the real world, where many of us work 50-70 hours per week and have to help our kids because healthcare is beyond their means, any money we get is quickly assigned to NEEDS not WANTS.
We have to choose to get heating oil, wait on car repairs, re-gift our gift cards etc.
Choosing to have a little more taken out is nothing but a hedge against OWING, because none of us working stiffs know what's in store at tax time.
All I know this year is Trump screwed us royally so his 1% buddies can keep more of their obscene wealth.
The interest we lose out on is a pittance.
An online bank like Capital One pays almost nothing and a six month CD is barely any better.
What's the return on $3000? $30?? $50?? Worth the peace of mind.
Owing isn't bad. I owe, too, every year, above what I've already paid in quarterly estimates. As long as you keep what you owe within the amount that doesn't generate additional penalties/fees/interest from the RS, you're good to go.
You completely ignored the question you were asked to come back with a ridiculous response of, owing is good! Of all the inane posts of yours in this thread--and there are many--this one is the worst. Yeah, we ALL think owing money is a good thing. Inanity doesn't begin to cover it.
Good Lord... the "Free Loan to the govt" stuff is getting old.
In the real world, where many of us work 50-70 hours per week and have to help our kids because healthcare is beyond their means, any money we get is quickly assigned to NEEDS not WANTS.
So, WHY pay the Fed Gov MORE than they're entitled to collect? Do you understand that under such circumstances, you're CHOOSING to overpay the Fed Gov instead of paying down interest accruing debt, helping your kids, or paying for health care?
Quote:
We have to choose to get heating oil, wait on car repairs, re-gift our gift cards etc.
Then, DON'T overpay the Fed Gov just to get an interest-free tax refund at the end of the year. That's colossally stupid.
Quote:
Choosing to have a little more taken out is nothing but a hedge against OWING, because none of us working stiffs know what's in store at tax time.
All I know this year is Trump screwed us royally so his 1% buddies can keep more of their obscene wealth.
You completely ignored the question you were asked to come back with a ridiculous response of, owing is good! Of all the inane posts of yours in this thread--and there are many--this one is the worst. Yeah, we ALL think owing money is a good thing. Inanity doesn't begin to cover it.
You're just astonishingly clueless. Owing a little, to the extent that the amount owed accrues no penalties or interest, is LESS punitive than giving the Fed Gov an interest free loan. At this point, it's obvious that you don't get it and that you're just one of the many financial illiterates. /SMH
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Inanity doesn't begin to cover it.
