It’s federal and state tax fraud time again…getting a refund?
First off, we wouldn’t be in the mess of tax-withholding and all the filing complexities if it wasn’t for the Current Tax Payment Act of 1943. This little gem has successfully hidden the real tax burden from the average American by getting us to look at our paychecks as “gross and net.” income. Gross being that which we’ve earned and net equals what we get to keep after the federal, state and local governments legally plunder what it wants via payroll deduction.
Ok, the point of this article. I’ve begun hearing over and over again how necessary it is to buy TurboTax or some other software to make sure you get the biggest refund you deserve. WHAT! Biggest refund you deserve!? You gotta be kidding me.
Frog In The Kettle to all readers…when you get a “refund” from the federal or state government, that means you paid in more to them than you should have; essentially, you’ve given the legal plunderers an INTEREST FREE LOAN!! Is this REALLY what you want to do?
Let’s say you get a refund of $1,000 from the federal government. Instead of earning $50.00 in interest had you invested that same $1,000 at 5%, no, you gave it to the federal government to use as they see fit with no interest paid by them. Or, even if you decided not to invest it, it was still in your pocket to do with as you want.
Folks, in 2010, please do a better job tax planning…don’t give our legal plunderers FREE money…if they need more, they’ll borrow, legally plunder, or print more. You’ve worked hard for your property…keep every penny you can.