Quote:
Originally Posted by joey2665
That is not entirely true. They are entitled to have their money equally over the course of the year. If you owe too much on 4/15 you will be assessed a late payment penalty that is much more than the interest you are earning holding onto the funds.
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Understood, they are entitled to have the feds hold their money. As I said, "I personally choose to"....
Your earlier post suggested people may be using the IRS as a savings account to pay off credit cards (often 18+% APR) once they get their refund. An extra $50-$100/wk could easily eliminate the perceived need for a credit card all together. This is what is mind boggling to me.
To each their own.