One of my pet peeves is when people have the IRS take out more from there paychecks and get a "refund", Even with a good president (unlike now) I don't believe in giving the government a free loan. Take the extra out of your check and put it in a savings account if you can't save!
An intersting article on "refunds: http://dealnews.com/tax-day/
Also people are increasing their personal debt more now: http://creditfederal.com/article/articles/135/1/Personal-Debt-Increasing another bad sign!
Unfortunately, if you don't pay the IRS enough over the year, they hit you with a fee at tax filing time (which is greater than the interest I am able to get in a savings account). So, if you are going to err, you want to err on the side of overpaying the estimated tax.
ReplyDeleteThat being said, I agree with you. It annoys me when I hear people happy about getting a refund and/or telling me how they withhold more so that they get refunds.