That's the assumption that makes it all a farce. None of it is the Government's money...
graywolf wrote: > It is money people lend the government with no interest. In the US we > have a federal income tax that is collected with payroll withholding by > your employer. People declare less deductions than they are allowed and > thus their tax is over paid. When they file their tax returns at the > beginning of the next year, they get that overpayment back. > > Dumb people think of it as some kind of bonus. Slightly less dumb people > think of it as enforced savings. Smart people arrange things so instead > they owe the government some money that they have carefully left in an > interest bearing account until they have no choice but to pay out to the > IRS (Internal Revenue Service, the tax collecting agency of the US > Government), thus collecting interest on the government's money rather > than lending their money to the them at no interest. > > -graywolf > > > David Savage wrote: > > >> What are tax returns? >> > > -- Entropy Seminar: The results of a five yeer studee ntu the sekend lw uf thurmodynamiks aand itz inevibl fxt hon shewb rt nslpn raq liot. -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
