Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2
Unfortunately, your wife is not alone in her thinking. Ask any ten people about the taxes they paid and and nine will reply the amount that they had to pay in addition to the amount that was withheld from wages or brag about the amount of refund that they received. Very few will think of taxes in regard to the total amount they paid for the year.
The only argument I can think of is to show how much interest that the desired refund money would gain if it had been in a savings account for the year rather than having the government hold it for the year. Unfortunately, this will probably only be enough for a dinner out so perhaps the bragging rights is worth more to her.

Bob
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement