Intaxification

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The feeling of satisfaction and joy that a tax refund creates in a person. This feeling is somewhat misguided because the tax is only refunded because the person paid too much tax during the previous year.

Investopedia Says:
While it may be more emotionally uplifting to receive a tax refund after tax season compared to having less tax removed from each paycheck, a tax refund, logically, is less desirable than owing tax. This means that you have given the government an interest-free loan; you paid out a little bit extra from each paycheck to the government and at the end of the next tax season, you receive the same amount back.

Related Links:
We give you seven guidelines to help you keep more of your money in your pocket. Tax Tips For The Individual Investor
Follow these simple steps to get you ready for April 15. 10 Steps To Tax Preparation
Find out how to get a bigger return. Tax-Saving Tips For Canadian Taxpayers


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