Quote:
Originally posted by KrazyKracka
I have one... why is it that I (single male) make $30,000 in a year and only get like $600 back, but my friend who worked maybe 3 months last year (single male as well) part time, and made $14000 (including unemployment) is getting back almost $2000?
|
Just because he's getting more back doesn't mean he's paying less in taxes. He might have paid more in during the year.
People don't realize - if you're getting a huge refund, it's because you've given the government an interest free loan during the year. You've lost out on the earnings potential of that cash, and Uncle Sam gets to invest it.