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Old 02-17-2019, 01:58 PM  
AmeliaG
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Join Date: Jan 2003
Location: Los Angeles
Posts: 10,606
Quote:
Originally Posted by Robbie View Post
Guys...tax "refunds" only happen because you paid too much tax in the first place from withholding taxes.

The govt. took your money and kept it for a year interest free.

The LESS "tax refund" you get at the end of the year...the better off you did that year.

Getting a lump sum at the end of the year makes you "feel" good.
But those of us who actually own their own business and PAY taxes by writing a big ass check to the govt. every quarter know better.

What Robbie said.

Total tax paid for a year, once filing is complete, is the significant number.

Getting money back or sending it in, at that time, just shows how close estimates were and has ZERO to do with whether someone got a cut.
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