In article
<42bac73a-16b1-4d66-b443-677aafca0509[at]e60g2000hsh.googlegroups.com> ,
"removeps-groups[at]yahoo.com" <removeps-groups[at]yahoo.com> wrote:

- quote -

This seems very unlikely. I suspect most people view the refund as a
windfall or gift from the government. Which is why they're disappointed
when they're not getting one. And when they get it, they rush to buy
"stuff" with it.

What about the "stimulus package" checks that are going to be coming
this year? Do you expect most people to put this into their savings?
That's not what the feds are expecting -- money in IRAs doesn't
stimulate the economy.

--
Barry Margolin, barmar[at]alum.mit.edu
Arlington, MA
*** PLEASE don't copy me on replies, I'll read them in the group ***

--
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<removeps-groups[at]yahoo.com> wrote
- quote -




Who do you know, and where do these people live?





--
Paul A. Thomas, CPA
Athens, Georgia

--
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removeps-groups[at]yahoo.com wrote:
- quote -

Um, yeah, that's why RALs are so popular. People want to borrow that
money so they can get it into an IRA or savings ASAP. 8-)

--
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On Feb 20, 4:47*pm, "removeps-gro...[at]yahoo.com" <removeps-
gro...[at]yahoo.com> wrote:


- quote -

This is completely anecdotal, but I have many more clients that
contribute to retirement plans (IRA, Roth, 403b, etc) via monthly
electronic funds transfer than I do that make lump sum deposits.

--
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On Feb 19, 8:48*pm, rdad...[at]panix.com (Dick Adams) wrote:

- quote -

So I'd like to take the contrarian position here. For most people, if
they reduce their withholdings and go home with a bigger paycheck,
they're likely to spend all of it. But if you get a lot of money back
like $1000, you'll be tempted to put all or part of it into an IRA,
regular savings, etc.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

On Feb 19, 8:48*pm, rdad...[at]panix.com (Dick Adams) wrote:
- quote -


You expect gratitude from your son??!!

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

"NadCixelsyd" <nadcixelsyd[at]aol.com> wrote
- quote -





Especially if we went to the polls to vote on April 17th.



Write that big check, then vote the ba$%^&ds out of office.





--
Paul A. Thomas, CPA
Athens, Georgia

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

- quote -

couples taxes, I told them that their tax liability for the year was
$2600. They were aghast. "Wait", I told them, "You've already paid
$3200 so you will be getting a refund of $600."

They were not concerned about the amount of the tax. They were only
concerned about the amount of the refund. Needless to say, I changed
the way I presented the news at subsequent tax returns.

Personally, I wish there was NO withholding. If everyone had to write
a check on April 15th, I'm sure Congress would be spending a lot less
than they are today.

--
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rdadams[at]panix.com (Dick*Adams) posted:

- quote -

Thanks for sharing that, Dick. It says so very much about the complete
lack of basic economic education in today's schools.

Bill

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Dick Adams wrote:
- quote -

Your son's arithmetic and financial literacy are about average for the
American public, unfortunately.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

"Dick Adams" wrote:

....a tale too sad to quote.

When they're young they step on your toes. When they grow up, they step on
your heart.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

My son "Joshua the Mercenary" turns 17 on
Wednesday the 20th. In 2005, he filled out
his W-4 and, of course, they overwithheld
his taxes and he got a refund. For some
reason, they gave him a W-4 for 2006 and he
asked me to fill it out and, of course, he
had zero withholdings.

But his friends are all getting refunds and
he says it's my fault he isn't getting one!
I told him to tell his friends that instead
of overpaying his taxes, his refund has been
earning interest all year.

He gave me a dismissive look and started to
walk away. When I said "Hey, Josh, I can
get you a $1000 refund next year if it's ok
with you to get $20 to $30 less each paycheck.
He looked at me like I was crazy and said
"No way."

Dick

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >