Can I claim tax exempt all year, gain interest on the excess money, then pay back what I owe at the end of the year with no consequences?

So the idea would be to basically set up an automatic draft to a high interest (around 2%) FDIC insured Savings account and put what I would be paying in taxes in there. Gain the interest all year and then pay back what I owe when tax time comes.

What could go wrong?

Submitted April 04, 2019 at 07:43AM by ADamnTroll2 https://ift.tt/2TVoZ7t