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Just remember that the refunds are from taxes you paid last year. The federal government used that money for a lot of stuff most of us don’t agree with. Now Trump & Co. want you to believe this is a gift from them. It isn’t. Don’t be fooled.
The ignorance of so many taxpayers who assume the amount of the refund is directly related to the tax rate one pays. The refund is the amount overpaid in the prior year, which is more often related to an inaccurate W-4 (which determines the amount withheld from your paycheck) than it is related to any tax breaks from DJT. Whenever someone brags about the amount of their refund, I ask them two questions: 1) what was your effective tax rate on your current tax form versus the prior year? and 2) why are you so excited about loaning money to the government at zero percent interest? Almost no one will be able to tell me their effective tax rate and fewer understand the larger the refund, the more it cost them because they did not have that money during the year to pay bills or invest.
This. Also the majority of those people “zone out” when you ask those questions. Requires to much thinking.
A tax refund is an interest-free loan to the government.