zbalat
Platinum Member
- Oct 9, 1999
- 2,501
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Originally posted by: arcas
i get 5 grand back....i havent ever paid in when i filed
That's not really anything to be proud of. Bottom line: if you the government owes you a tax refund, it means YOU GAVE TOO MUCH MONEY TO THE GOVERNMENT THROUGHOUT THE YEAR. In other words, you gave Uncle Sam an interest-loan over the past 12 months. That's money that you could have otherwise invested elsewhere. Had you kept that money and invested it in, say, a Nasdaq index fund, instead of giving it away, you'd have earned another $1500. So at this point, you'd have $6500 in your pocket instead of $5000. Think about it.
The original poster, by owing $175, paid a bit too little in taxes and for that he owes the difference. But at least he didn't spot the government a free loan.
Absolutely correct. A tax refund is not a bonus.