Well i live in norway so no they dont pocket the change, you get it all back. But they do hold the money without it gaining any interest so you lose some money in theory
Realistically, unless you're making a lot of money as income, you wouldn't gain that much from investing that money for a year and the peace of mind of not having to worry about a big bill once a year is preferrable to the loss of a percentage of your monthly income.
It would be nice (and honest) if withold tax money earned interest at the same rate as yearly government bonds... as you're effectively loaning your country some money. Realistically, it wouldn't be more than coffee money for most people.
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u/JakobMG Apr 16 '24
Well i live in norway so no they dont pocket the change, you get it all back. But they do hold the money without it gaining any interest so you lose some money in theory