I do too. It is the best way as far as I am concerned

Originally Posted by: wpr 

It has to do with how many exemptions you claim. Go talk to your payroll clerk and tell her you think you are having too much deducted because you are getting a refund from the IRS on your tax return. Tell her these faceless momolucs you take financial advice from think you should change your W4. Then take her advice.

Originally Posted by: DakotaT 

You should get 1 for you, 1 for each child you get to claim. Where are you getting 6 and how big of a fricken refund check from the IRS are we talking about? If it's less than $500 don't change anything, if it's a grand or more WTF?

Didn't you have to take a finance class in college? If not, you may want to take a night class and maybe bag a babe too.

Originally Posted by: DakotaT 

I claimed 1 for myself and 1 for my daughter on the paper I submitted. But if I fill it out as it reads, A, B, D and E are 1 and F is 2.

I had finance in high school and college, and I'm extremely good with numbers. I lack understanding on the stuff I'm asking because I've never taken the time to read up on it.

I've claimed 2 for a few years and the child tax credit deal plus head of house hold alone is over 1k.

Originally Posted by: Zero2Cool 

You didn't answer the refund question. The best tax planning is to have to pay in a couple hundred dollars, and if you just have income from one source on a salary basis, then it shouldn't be to difficult.

Originally Posted by: DakotaT 

I've claimed 2 for a few years and the child tax credit deal plus head of house hold alone is over 1k.

Originally Posted by: Zero2Cool 

Christ said pay your damn taxes. If you want to fight over taxes, you love your money than you love me.

I kind of paraphrased.

Originally Posted by: Dexter_Sinister 

That's exactly it. If you have the funds, you can invest it. If the government has them, you can't.

Of course, if you are like me and tend to consume rather than invest, then it's smarter to use withholding as insurance.

For people who are disciplined with their wealth (DakotaT), withholding is either another case of government-as-coercive-thief (if you share my anarchist bent) or another opportunity to ensure the good things of government (if you share DakotaT's government-as-necessary liberalism). For people who are lousy with money (like me) its the price of ensuring we're able to pay our share.

Originally Posted by: Wade 

Well, if I recall correctly, the language is more like "Give to Caesar what is Caesar's." Is your earned income Caesar's?

Technically, what I earn from my labor is neither mine nor Caesar's. It is God's, since what I do is (or ought to be) for His glory, always. What do I do if I think Caesar's taxes are interference with His purposes? What do I do if I think statist extortion is taking away from what God has called me and others to be and do?

The love of money, being idolatry, is indeed evil. Fighting over taxes need not be the love of money.

Romans 13 is part of His Word. Figuring out how to stay true to it is one of the hardest things in my life.

Originally Posted by: Wade 

I used to withhold way too little, however the government in true villain fashion penalizes you monetarily for withholding too little. I wasn't investing the money, I was just using it as an emergency fund when I was less fortunate than I am now in case of car breakdowns, etc. But the government wants its money, and it wants it now.

Originally Posted by: Porforis