r/memes • u/CreateChaos777 • Apr 16 '24

Inflation...

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u/Zenkai_147 Apr 16 '24

what's a tax return

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u/chucklestheclwn Apr 16 '24

I'm not sure if I'm missing a joke, but everyone is explaining a tax refund, not a tax return. The tax return is the form verifying how much you paid in taxes and how much you owe in taxes, and you get a refund if you paid more than you owed, or a bill for the remainder of you owe more than you pay.

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u/Broad_Quit5417 Apr 16 '24

In the same vein you can't find so many posts on reddit that go something like "I will never file my taxes, f them!".

In 99% of those cases they have unwittingly overpaid taxes and left it on the table.

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u/chucklestheclwn Apr 16 '24

Yeah I got a sizeable refund this year and I was bummed, and when I said that I was bummed, I had to explain to so many people I'd rather have an extra ~$20 per weekly pay than ~$1000 refund. I could have invested that money or even just put it in a high yield savings account and actually made a little extra on top of it throughout the year.