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Re: EZ2 post# 84453

Friday, 02/24/2017 4:47:13 PM

Friday, February 24, 2017 4:47:13 PM

Post# of 90877
Look at these smart Swedes!!

Swedes Overpay Their Taxes to Earn Interest… The Swedish government reports taxpayers purposely overpay their tax bill, which by law must earn 0.56% interest until it is refunded.

What it means – People aren’t dumb. When the interest rate on Swedish bank deposits dropped below zero, savers get charged for holding cash. So, they went looking for better options. Since the government must pay interest, then overpaying taxes presented a great option. Kudos to the Swedes for figuring it out.

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