Quote:
Originally Posted by HarryT
Probably a silly question, but why do Americans get tax refunds? Why not just pay the right amount of tax to start with, like we do in the UK?
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we have a BUNCH of different adjustments that can be made to our taxes not restricted to employment and mortgages. losses, donations, investments and so on play a big part of our taxes as well. in my case I have some unusual things going on with my mortgage taxes so last year and this year I get a large amount back. at this point in time I cannot do anything to adjust it, and I have no idea how long it may continue. I would very much prefer having the money available to me every month rather than let the government play with it. this time it happens to work well for me though as I have some hefty business start up costs and it is coming in right at an almost perfect time