It’s not a refund dummy – it is the IRS returning to you, the amount you sent to them for free

The title of this article sums up a theme from irate tax payers who complain that people should be annoyed when they receive a tax refund, not happy! The premise behind this is that a refund is basically the IRS giving you back your money that you “loaned” the IRS for free over the past year.

In fact some go as far as to say you lost money with this loan or refund from the IRS because you could have used those over payment in taxes due to invest in other areas and actually generated even more income. Or more succinctly put, the opportunity cost of the refund is money you lost by not earning interest or capital gains in the year you actually earned the income.

What do you think?

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