Have a voucher to send your child to a private school for a semester or two, paid for by the government?
It would really be your money anyway,not really the government's, because you would be skipping your tax refund
I would
2007-07-24 09:06:50 · 6 answers · asked by tinabadina 3 in Business & Finance ➔ Taxes ➔ Other - Taxes
I was actually referring to people who would get a refund, meaning that instead of the refund, it goes toward a voucher for a private school.
For people who owe money, it wouldnt' apply to you because you owe money.
2007-07-26 10:43:46 · update #1
as long as my voucher would be for more than my tax refund would have been.
2007-07-24 09:54:32 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Sure! I set my withholdings so that I pay on April 15th so I wouldn't be giving up a dime for that! As long as I owe less than $1,000 or have paid in 100% of the prior year's liability there is no penalty for underpayment.
That's why it would not work, by the way. Anyone with half a brain would do what I'm doing right now so the government would have to pay for it. And if the government has to pay for it, the money has to come from someplace. You guessed it! Higher taxes!
Poof!
2007-07-24 19:55:12 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
No.
I'd rather receive the money. (Actually, I'd ideally rather have no refund at all, which would mean that the money I was entitled to was in my pocket all year long rather than sitting in the gov'ts bank account. Generally, if a person is getting a substantial refund, there's something wrong going on with their withholding throughout the year. The ideal would be to break even.)
If I chose to send my kids to private school, then I could do so with the money. Otherwise, I could use whatever refund money I received how I saw fit. I trust myself to manage my money better than the gov't.
2007-07-24 16:13:33 · answer #3 · answered by sarah314 6 · 1⤊ 0⤋
Your idea won't work. We all can adjust our refund to beanything we want. I'll gladly give up my $10 refund to get a voucher, but I'll think twice if my refund was $5,000.
What about people who owe money? Do they get a voucher too?
2007-07-24 16:13:16 · answer #4 · answered by Joe L 4 · 1⤊ 0⤋
I would have to say no. Only because I put my tax refund in a savings account and draw out of it monthly to help pay rent. If I forfit it for school funding, I wouldn't have a place to live!
2007-07-24 16:11:35 · answer #5 · answered by wanting baby3 3 · 0⤊ 0⤋
What I would really like is to have a way to deduct what I pay for private school from my property and income tax.
Even better, junk the current IRS tax code and go with either the "flat tax" or "fair tax" system!
2007-07-24 16:22:47 · answer #6 · answered by MtBikr 7 · 0⤊ 2⤋