(January 11, 2019 at 3:14 am)onlinebiker Wrote:(January 11, 2019 at 1:32 am)Tiberius Wrote: This all depends on knowing how much you'll make during the year and what deductions you'll take. That's simply not possible for us for a number of reasons. I get quarterly bonuses. I get an annual raise. Shell's income fluctuates from month to month. We bought a house last year. We've paid interest payments that are tax deductible.
When there are a large number of variables its just not feasible to waste time trying to figure out how much we're going to owe in taxes. Of course we try our best to keep our refund low but sometimes life gets in the way.
I thought it was obvious I was speaking of one income, low wage earner. (See first sentence of OP).
The same sort of person that gets the refund as a check - and cashes said check at a check cashing place - paying to do it. The same sort that frequents payday loan stores - and sells their possessions at a pawn shop for gas money.
The ones that can least afford it.
Myself - I used to frequent pawn shops - I got along fabulous with the owner and his boys - and they gave me great deals on stuff that weas too heavy to ship when sold on E-Bay... Sadly - they retired.
You ssid “ESPECIALLY” low income, not “EXCLUSIVELY”. Plus you were responding to my wife and I wanted to interject with some of the reasons we overpay.
