Pay your fair share of taxes and not more. You should be a responsible adult, pull your weight and not shirk your responsibilities. But why overpay your taxes.
There can be a number of reasons or rationalizations. First a person may want to stay on the right side of the IRS. Why draw concern and attention. So what if I overpay a bit of taxes. At least I will sleep soundly at night. First of all it is highly unlikely that you are going to receive any due consideration or appreciation from the I.R.S. when trouble comes your way. Best not to stay up late waiting for the congratulatory letter from the I.R.S. Its analogous to the bank who called in a customer for a late payment. The customer asked how much owed – the banker answered $ 1000. The customer reminded the banker (to no avail) that the previous month he had a balance of $ 10,000 in the bank and lost no sleep over it. The banker was not impressed with the debate and arguments made and demanded payment all the same.
If you shop at Wal-Mart do you pay $ 15 for an item that is charged at $ 10? The same holds true when paying taxes. You may say that it is a forced saving. It may well be true that if the...
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