Quote:
Originally Posted by Noah930
How legal is it to not refund overpaid taxes, as the state is about to do? If I don't pay taxes because I'm a cheater, I get into big trouble with the IRS and state. As I should. Fines, threat of jail time, etc. They don't care if I've spent all I've got, and don't really have anything liquid with which to pay the taxman. But if the state unilaterally decides to withhold the money they legally owe the people, that's OK? What am I misunderstanding?
Sounds like it would be perfectly fair for me to, in return, agree to pay my taxes at the end of the year, instead of having some withheld along the way. After all, my credit (per FICO score) is pretty impeccable. You know guys like me are good for it.
Good thing I have no house. I'm mobile.
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They are not talking about not paying refunds, they are talking about deferring payment using IOUs.
They still have to pay unless they declare BK. If they do that, they may be able to snake out of paying.
See, they can get away with that and you can't because they have a whole bunch of really expensive lawyers (that we pay for) that they can use against us.
Yep, gotta love them lawyers and politicians.