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SVTPerformance's Chain of Restaurants
Road Side Pub
What to do with the homeless?
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<blockquote data-quote="Twisted2v" data-source="post: 16080824" data-attributes="member: 119147"><p>Very true and I was expecting this response. </p><p></p><p>If someone bought a 1m house, and paid monthly payments at current rates, he would pay over $800,000 just in interest. Yes, they're "low" but it's an oppression.</p><p></p><p>They don't owe any tax liability. But the government takes withholdings, and people in this bracket don't know how any of it works to know how to maximize a refund they're entitled to. Do you believe the IRS is going to tell them?</p><p></p><p>A lot of those tax credits aren't available to a 1040EZ, and you can't trust an accountant would care about a poor persons return to do anything but prepare it as basic as possible. And that's assuming they can afford to have someone else do their taxes.</p></blockquote><p></p>
[QUOTE="Twisted2v, post: 16080824, member: 119147"] Very true and I was expecting this response. If someone bought a 1m house, and paid monthly payments at current rates, he would pay over $800,000 just in interest. Yes, they're "low" but it's an oppression. They don't owe any tax liability. But the government takes withholdings, and people in this bracket don't know how any of it works to know how to maximize a refund they're entitled to. Do you believe the IRS is going to tell them? A lot of those tax credits aren't available to a 1040EZ, and you can't trust an accountant would care about a poor persons return to do anything but prepare it as basic as possible. And that's assuming they can afford to have someone else do their taxes. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
What to do with the homeless?
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