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Personal Finance and Investing

MichMan

(14,931 posts)

1. Many taxpayers are ignorant

Reply to question everything (Original post)

Sun Jan 27, 2019, 03:50 PM

Jan 2019

I know a few who usually get a big refund and act like it was some windfall gift by the government.

Having extra withheld to get a bigger refund makes as much sense as overpaying your electric or Visa bill every month, so they will be forced to send you a credit.

I would much rather have a tax reduction and no refund than the other way around.

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Expecting a Big Tax Refund? Don't Be So Sure [View all] question everything Jan 2019 OP

Many taxpayers are ignorant MichMan Jan 2019 #1

Frankly, all taxpayers are ignorant. My taxes are mildly complicated and I have an economics Squinch Jan 2019 #2

At least I understand that a tax refund is only my own money MichMan Jan 2019 #3

I think that is very true. Squinch Jan 2019 #4

Not all refunds are a return of what the person paid in. Some people get the progree Jan 2019 #5

Tax Fraud is an issue when people deliberately cheat the system MichMan Jan 2019 #6

Nope, it's not tax fraud. Her reported income was $16,000 or $17,000 and has one child. progree Jan 2019 #7

Just hate it when people cheat the system. Good to know that wasn't the case MichMan Jan 2019 #8

😂😂😂 Me too n/t progree Jan 2019 #9

My taxes are just complicated enough that I cheerfully employee an accountant to do them. PoindexterOglethorpe Jan 2019 #10

Itemizing rinopa Feb 2019 #11