Hurt.......paying for the 1st time. We usually get around a grand back.
Refund amount may not be a good indicator of the total tax bill. The withholding rates were less following the tax cuts.
Thank you. Glad someone pointed that out.
We actually broke even at the end of the tax season, but we paid less all year long. So it was a winner for us.
Too many people view their tax "refund" as some kind of windfall at the end of the year, but I see it as me loaning my hard earned money to the government and them not paying me any interest on it.
I have posted this before, but I honestly believe that if no one was deducted taxes from their paychecks and then had to write a big fat check to government at the end of the year there would be a serious reckoning when people really saw how much they had to pay for the chitty services and chitty government they receive in return. There would be a revolution of sorts. But with withholding taxes it's like a slow quiet theft, and everyone just says, "Oh well, that's just the way it is..." and just quietly accepts it.
