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Darren New <dne### [at] san rr com> wrote:
> >> [Why do they make them so complicated? Is it a conspiracy to ensure you
> >> get them wrong and hand over more money than you're supposed to??]
> >
> > You mean there are no tax returns where you live? That would be odd.
> It's complicated so the legislature can favor particular people and
> companies and behaviors over others. And then when the rules interact
> poorly and let some subset of people get away with having lots of money
> and no taxes, they put together a second set of rules to deal with that.
Expanding on my comment on the original idea expressed above, at least
here some kind of "conspiracy" to get people to pay excessive taxes by
mistake would be rather ridiculous. Ok, I understand that just having more
money, even if temporarily, is worthy, but still it would seem to be of
little use.
If you pay too much taxes, the excess is returned at the end of the
following year, adjusted for inflation (which means the interest rate
is enormously higher than what you get in almost any bank; while a
typical bank account for a moderate sum of money gives you an interest
of about 0.3%, tax returns have an interest rate equal to inflation,
which is something closer to 3%; that's about 10 times as much as the
interest you get from a bank).
If anything, paying too much taxes could even be seen as an investment
with a fair interest rate (at least compared to typical bank accounts).
--
- Warp
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