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Path: utzoo!linus!decvax!decwrl!sun!qubix!ios!oliveb!hplabs!hp-pcd!john
From: john@hp-pcd.UUCP (john)
Newsgroups: net.invest
Subject: Re: Throw your money away
Message-ID: <33700003@hp-pcd.UUCP>
Date: Sun, 21-Oct-84 00:40:00 EDT
Article-I.D.: hp-pcd.33700003
Posted: Sun Oct 21 00:40:00 1984
Date-Received: Tue, 23-Oct-84 05:49:34 EDT
References: <-43000@inmet.UUCP>
Organization: Hewlett-Packard - Corvallis, OR
Lines: 25
Nf-ID: #R:inmet:4300004:hp-pcd:33700003:000:1025
Nf-From: hp-pcd!john    Oct 20 20:40:00 1984

<<<

   Unfortunatly for some people that is the only way that they can save money.
But thats better than some people I know that think getting a refund means that
they didn't have to pay any taxes at all.


   If you itemize,have a IRA or do anything that reduces your tax then you 
should increase your number of exemptions on your W-4 to prevent a over 
witholding. If you really get creative on the number of exemptions that you
claim then you can use the goverments money from now until April 15th. You 
also get penalties for underestimating taxes if you fail the 80% test so its
safest to try and make it come out even.

   Going overboard on the number of exemptions can also bring on a $500 civil
penalty or $1000 and straight to jail if you tell any fibs. Nasty stuff.

   I think refunds are a goverment plot to get everyone to file early. Why
not wait until April 15th and then send them a check. Saves all the worring
about wheter or not your check will get lost in the mail.


John Eaton

!hplabs!hp-pcd!john