Comments on: Tax Tylenol…to Ease Your Financial Headache http://www.joshperrington.com/2010/02/taxtylenol/ Thu, 19 Aug 2010 02:26:05 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Cathie Gray http://www.joshperrington.com/2010/02/taxtylenol/comment-page-1/#comment-183 Cathie Gray Wed, 17 Feb 2010 13:32:30 +0000 http://www.joshperrington.com/?p=213#comment-183 Josh, nice work! Josh, nice work!

]]> By: Leslie Coty http://www.joshperrington.com/2010/02/taxtylenol/comment-page-1/#comment-164 Leslie Coty Tue, 16 Feb 2010 04:01:13 +0000 http://www.joshperrington.com/?p=213#comment-164 I have to laugh when people get all excited that they're getting a $5000 "refund." They OVERPAID their taxes by $5000! Why let the government keep your money and not pay you any interest? (You notice it does not work that way in reverse - gov't charges interest AND penalty.) What's worse is when you say, "OK you're getting a $5000 refund. How much did you pay in taxes?" 9 times out of 10 people don't know. Would love to get a bill once a year for our taxes instead of payroll withholding. We'd see a tax revolt unlike anything we've ever seen! Since we're stuck with the current tax scheme, best thing is to try to balance out at as close to $0 as possible at the end of the year - you don't owe them and they don't owe you. Thanks for the blog. I hope lots of people read it. And act on it. I have to laugh when people get all excited that they’re getting a $5000 “refund.” They OVERPAID their taxes by $5000! Why let the government keep your money and not pay you any interest? (You notice it does not work that way in reverse – gov’t charges interest AND penalty.) What’s worse is when you say, “OK you’re getting a $5000 refund. How much did you pay in taxes?” 9 times out of 10 people don’t know. Would love to get a bill once a year for our taxes instead of payroll withholding. We’d see a tax revolt unlike anything we’ve ever seen!

Since we’re stuck with the current tax scheme, best thing is to try to balance out at as close to $0 as possible at the end of the year – you don’t owe them and they don’t owe you.

Thanks for the blog. I hope lots of people read it. And act on it.

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