Comments on: If You’re Getting a Refund, You’re Doing Something Wrong

By: James

James — Tue, 15 May 2007 06:47:35 +0000

My Lord! I am so glad to see this viewpoint somewhere else besides out of my mouth or my father’s.

I tell almost everyone I can, especially around tax season, about this exact thing.

You would be amazed at how many people, even loved ones and friends, just get into a huff out of ignorance of how the tax system works, or tell me that’s the only way they can save money.

Please also don’t forget about the almost 600 billion dollars in the little reported (aptly named) Earnings Suspense Fund of the SSA. A URL is below to some background. This is one of those things you would not believe and think a conspiracy nut made it up.

http://www.consumeraffairs.com/news04/2006/02/ss_secret_stash.html

Great blog, keep it up!

By: The Sarcasticynic

The Sarcasticynic — Sun, 22 Apr 2007 15:29:50 +0000

For yet another viewpoint on loaning the government money without the benefit of gaining interest, please see: Interest-free Loans to the Gov't

By: John

John — Wed, 18 Apr 2007 12:31:32 +0000

You’re probably the same guy that thinks marijuana leads to heroin…

By: Saving Simply

Saving Simply — Wed, 18 Apr 2007 03:24:41 +0000

Treating a tax refund as found money also tends to lead to unhealthy saving habits.

By: coRank

coRank — Tue, 17 Apr 2007 03:02:59 +0000

If You’re Getting a Refund, You’re Doing Something Wrong

By getting a big refund check, essentially what you â€™ve done is give the Federal Government a nice interest free loan. Instead, what you should do is set up your withholdings so that when you file your taxes each year you get a very small refund%2

By: Mamid

Mamid — Mon, 16 Apr 2007 22:09:42 +0000

the one problem with paying taxes is that if you underestimate how much you owe, you could be paying fines and worse. Better to pay an extra 5$ than to have to owe that 5$. Owing it would mean paying interest charges, fines, levies and more. Getting it back means a smile for you.

By: Doug

Doug — Mon, 16 Apr 2007 15:36:22 +0000

I think tax returns are more about the nice “pick me up” feeling that you get once a year. Once a year I get the feeling I’m getting a nice bonus to buy myself, or do something nice, maybe even a little over the top.

If that money comes in each of my pay-checks, I’m not doing that b/c it’s just a paycheck. If I get it one lump some it has a different feeling.

I’m going to sacrifice the $30 in this case.