bentman

My weekend I didn't do a whole helluva lot. My taxes were done on Friday - I'm getting a whopping $12 back from federal, and a little more back from the state. If you think about it, it's actually better to get as close to zero as you possible can on your taxes, and NOT to get either anything back or pay anything in. Why, do you ask? Those who claim zero on their paycheck - as we know - pay more in taxes every week, and usually wind up getting a return at tax time. BUT, when that happens the government earns interest on your taxes, and the "return" you get is everything they took from you MINUS the interest they earned. When you claim 1 (or more), the government takes less from your paycheck and instead YOU can earn interest off of it (from either depositing in a checking or savings account, a mutual fund or invest in any other stock, etc.). Of course, you may run the risk of you owing money at tax time then - which is why you keep track of anything that's worth deducting from your taxable income, like charity contributions and whatnot, so you stay as close to $0 as possible for your end result. I don't know why I'm telling you all this; I just felt like sharing some knowledge.

Thanks to EVERYONE for your ska suggestions last week - my ITUNES is now armed with a solid variety of some skankin' good music!