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Originally Posted by dalakhani
With your paycheck, you can adjust your withholdings so that the amount of tax taken out is approximately what is owed and there is little to no overpayment.
One can't do that with what you propose. Why would it be prudent to give the government interest free use of my overpayment until refund time especially if i can balance out my gains with losses?
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Why wouldn't it be prudent for the gov't to collect the taxes upfront? If it is a law to tax winnings, then I support the payment upfront.