Quote:
Originally Posted by GatorB
Most people get too much taken out of their paychecks anyways. when I see someone bragging about a huge refund I think "what and idiot. he's happy he gave the governemnt an interest free loan for a year"
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I have a friend that is married and has 3 kids. He claims single 0 on his taxes so he overpays by a lot each year and then gets a huge refund every year. I tried to tell him to just claim what he should and set it up so that the extra each check automatically goes into a savings account so he can at least get some interest on it, but he won't do it. He sees it as a savings account of sort. The funny thing is he will say, "I know it stupid, but I just can't owe. If I ended up owing at the end of the year I would flip out."
I asked him how he would feel if one year instead of getting a refund he got an IOU like they gave out in California. He said he would come uncorked. He knows it could happen, but he still doesn't do anything to change it.