Harold206 Wrote:
Mar 08, 2013 7:37 AM
I've often wondered how anticipated tax refunds affect government spending... 1. Politicians never saw a dollar they couldn't spend, and 2. The average tax refund is now over $3,000 for 59 million individual filers. Those two facts multiply up to $177 billion dollars of interest-free revenue for the federal government to spend every year. And when they eventually pa it back during tax season, it has the effect of doubling the debt by spending more dollars we really don't have anymore. Wake up. people! Stop overpaying your already high taxes to con yourself into thinking you get a refund every year, so "you don't pay taxes; the government pays you."