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Taxes are not a Savings Account

Every year, around tax time, I hear and have conversations where folks are looking forward to a big fat refund check. They are so happy to be getting a chunk of money back from the government. What I want to know is why they gave the government an interest-free loan in the first place. Especially when they probably needed the money themselves.

I mean, don’t they realize that the $1200 they get back was $100 a month they paid too much? [Read more →]