ST Alpha - "tax day poll: are refunds dumb? (should you be floating the government a loan for the other 364 days of the year??)" (Reading a Post)

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tax day poll: are refunds dumb? (should you be floating the government a loan for the other 364 days of the year??)

Posted by pixitude (aka chris) Apr 17 '12, 11:17

having been on the other end of getting stuck with a hefty bill on April 15 and no ability to presently pay, i would rather let the government use my money than have to pay something that i wasn't exepcting to

Responses:

the worst was my 2nd year when we not only had to pay all of last year's but start with quarterlies.... -- nm - zeitgeist Apr 17, 11:39
I love a refund. I know what to budget and when I do my taxes if I get a nice refund it is like gravy -- nm - Beaker Apr 17, 11:34
I've pretty much always overpaid, a few times (like when we bought our house) getting really big refunds. - musubi Apr 17, 11:31
[deleted]
I don't understand why the Fed and State can't agree on my tax status. - CrankYanker Apr 17, 11:23 11
- where's the disagreement? -- nm - pixitude Apr 17, 11:24 10
  - I don't think there should be that much of a discrepancy with the same exemptions, income, and deductions. -- nm - CrankYanker Apr 17, 11:26 9
    - sfek, I should either owe both or get a refund from both. -- nm - CrankYanker Apr 17, 11:27 8
      - my experience with California state taxes has been pleasantly surprising - pixitude Apr 17, 11:29 1
        
        heh. ok, change my "surprising" below to "indicative". And then commence the rolling blackouts. -- nm - Beryllium Apr 17, 11:30
      - two completely different sets of tax codes. They really are not comparable -- nm - decline Apr 17, 11:29 4
        
        I know. I would prefer the same percentage for everyone and for both State and Fed. -- nm - CrankYanker Apr 17, 11:30 1
        
        That would undermine the founding principles of your nation. -- nm - Beryllium Apr 17, 11:31
        
        Especially in California. -- nm - Beryllium Apr 17, 11:29 1
        
        (The fact that CY is getting so much back from State taxes is surprising) -- nm - Beryllium Apr 17, 11:30
      - ooooh. No, never give them a choice like that. You know what they'll choose. -- nm - Beryllium Apr 17, 11:28
I like the refund but I'd rather have the money in my checks and not in their bank accounts throughout the year, -- nm - King Krusty the Benevolent Apr 17, 11:23 4
- me too but i can't be bothered to figure out how i would have to adjust my withholdings to make it happen -- nm - pixitude Apr 17, 11:24 3
  - And considering the variation in deductions and income from year to year, I don't know that it would be worth the time in my case. -- nm - Strongbad Apr 17, 11:33
  - Same here. I deal with it but I'm not happy that I'm giving them more than they have to get from me. -- nm - King Krusty the Benevolent Apr 17, 11:31
  - [deleted]
yes. - znufrii Apr 17, 11:21
Extremely. But not unwelcome. - Ser Vermyn Apr 17, 11:19
I *love* getting a refund - it's like a little surprise present :) or forced savings ? what ever ... -- nm - JenBro Apr 17, 11:19

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tax day poll: are refunds dumb? (should you be floating the government a loan for the other 364 days of the year??)

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