Tax refund is actually an interest-free loan to the government - Lemme splain Posted: Mar 8th, 2016 - 9:24 am In Reply to: I hope the naysayers were watching GMA Saturday morning - talking about a tax return of
So, whatever the refund was--$9,000 or $14,000--this means that the taxpayers earned this cash during the year, let the government hold onto it for them, invest it, earn dividends, earn interest for the government for a year and then after that year, give the $9,000 or $14,000 back to the taxpayers but keep the dividends/interest/etc. for the government. Patriotism at its finest.
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