Can someone explain WHY you get a tax refund?

[serryjw]

WHY would you want the government to keep your money for a year? I am now on a 1099 but when I was employed I changed my deductions 2-3X a year.

[SoCalDem]

1. Psychologically, MOST people see it as enforced savings

and would rather have it gone, and then returned in a lump sum.. Most people cannot save.. It burns a hole in their pocket if they have access, and then they dribble it away..

and if you are not sure of your fugures and plans, and end up owing, it's a double-downer.:)

[serryjw]

2. From a liberal dem group

this is really silly. We fight them on everything then give them our money to play with for a year makes no sense.

[REP]

3. Excellent Point!

My refund, when I get one, is usually pretty trivial and years when I owe - like this one (which I knew I would), they'll get their check mailed 4/17/06 and not a minute sooner.

[babylonsister]

4. When they take the max out, you get a big check back. nt

[serryjw]

6. Yeah....Ain't that silly

They have YOUR money for a year that you could have invested( orpaid bills!)

[REP]

7. They Get YOUR Money, Interest-Free, For a YEAR!

Who's zoomin' who?

[babylonsister]

8. I think that's happening because it's the easiest way to go.

I cherish the fact that I'm being proved wrong. We make xxx amount and reap xxx amount w/401K and our mortgage, taxes, etc. in tact. Please improve on this plan!

[REP]

9. I Could, With Numbers!

No of course I don't want you to post your personal info! But if your refund is a huge amount, well divide that by 12 and figure the interest you'd draw on that in even a simple savings account each month versus the amount you get in May (or whenever). In a Variable Rate Money Fund, you'd be getting (now) at least 4% in interest a month; simple savings about 1.1%.

[petronius]

5. Because George Bush is the greatest president ever

and he's giving back our money that those damn lieberals stole from us! :silly: / :dunce: (i.e. freeper-think)

[sbj405]

10. Depending on where you work, changing deductions 2-3x/yr

may be a bureaucratic nightmare.