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Big Gubmint
03-20-2010, 11:24 AM
http://www.irs.gov/efile/article/0,,id=118986,00.html

/MSG/
03-20-2010, 02:07 PM
Thanks for the big refund!

Canceled.LTroll.3
03-20-2010, 02:28 PM
Thanks for the big refund!

Dumb ass.

When you get a refund it means you paid too much in taxes throughout the previous year. So at the end of the year, the government has to send some of it back to you after you file your tax return. That, of course, means that the government has had the benefit throughout the year of spending and investing your money. And you didn't get the full value of the money you worked so hard to earn.

Consider this: Let's say you just found out that you are entitled to a $3,000 tax refund. That means you overpaid your taxes by $250 a month during the year. And you made the government happy, because Uncle Sam invested that money and earned interest while you got by each month with less of your own money.

Now think, instead, about how you could have used $250 a month to get rid of your credit card debt in 2009. If you don't pay off your cards completely each month, you are being cruel to yourself -- maybe making yourself pay 25 cents a year for every $1 you spent. But you could have been more kind to yourself, If you had received $250 a month instead of letting the government have it, you could have paid $250 more than the minimum payment on your credit cards. That's the way to remove the noose from your neck fast. Try this bankrate.com calculator to see how a little extra money in payments chops years off your debts.

Or, let's assume that you put $250 a month from your paychecks into a savings account. And around mid-year you invested the $1,500 you accumulated into a CD paying 3.5 percent. Instead of getting the $3,000 refund from the government after filing your taxes, you will have a total of about $3,050 because of the interest you earned.