# Turbotax/IRS Rant

**URL:** <https://forums.speedlife.net/t/turbotax-irs-rant/24140>\
**Category:** NYSpeed Off Topic\
**Created:** [February 6, 2007, 5:26am UTC](https://forums.speedlife.net/t/turbotax-irs-rant/24140 "2007-02-06T05:26:14Z")\
**Posts on this page:** 1\
**Showing post:** 33

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**Author:** ![dreid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/dreid/32/7388_2.png) [@dreid](https://forums.speedlife.net/u/dreid)\
**Post date:** [February 7, 2007, 11:31am UTC](https://forums.speedlife.net/t/turbotax-irs-rant/24140/33 "2007-02-07T11:31:57Z")

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> [@JayS](#):
>
> Actually, your girl lost $117.46.
> 
> Want to know how? Basically she was paying in $416.67 too much each month in taxes. Lets say she opens an HSBC online savings (5.05% APY), with $1, and puts that $416.67 in that account each month, instead of giving it to the government. At the end of the year, with the compounding interest, the balance in the account is 5118.46. So 5001 of that was her money, leaving $117.46 in “free money”.
> 
> Or in her current case, $117.46 she gave to the government just because I guess she likes giving the government money.
> 
> A nice little compounding interest calculator for figuring out stuff like this:  
> [http://www.math.com/students/calculators/source/compound.htm](http://www.math.com/students/calculators/source/compound.htm)

but now if she claims exempt then she would end up owning ya know. hey, they can keep the 117 and give us the 5K to go towards our wedding.

somehow I doubled my income from last year and I am only getting back an exta 150 bucks. I say that fucked up. but I have no kids and cant claim head of house

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