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Originally Posted by David Merrill
Just the same, that was withholdings - a mandatory savings account with the Treasury on the assumption you would be cashing your paychecks for private credit FRNs.
If there were no taxable events during the tax year, then the account is released in Refund.
Regards,
David Merrill.
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You are making up your own assumptions. You assume the enemy is thinking the same thing you are, that the FRNS taken out is a mandatory saving account. Where did you get that from? And there is no assumption that you would be cashing your paycheck for private credit FRNS. If there is such an assumption they would never admit it, and if they would never admit it, then the assumption is no good.