Tax Tips
The average tax refund is over $2,000! Smart people do this.
From what I have heard most are getting a refund of 2-4k on average
"Most" people jump into stocks at the top, sell at the bottom, have too much credit card debt, gamble, drink and eat too much, etc....
Smart folks on the other hand....
I filed my taxes electronically for payment on the 10th so there was time for any mistakes to get corrected and not miss the deadline. I pay estimated taxes and make sure I pay the minimum plus a fudge factor to avoid penalties.
This year I owed a bit over $1,000. I transferred the money to the government from a money fund now paying 4.4%.
4.4% on that $1,000 more than paid for the fees and I didn't have to wait in lines at the post office to get proof I sent my taxes in.
If you look at the $2,000 to $4,000 you say is the average refund, then I am ahead even more. Next year I might cash in a $1,000 paper I Bond that is paying 6.83% to pay the taxes I hope to owe.
I'd suspect those who don't have massive credit card debt, don't recommend internet stocks at the top and don't waste their money gambling did the same thing. We might not have sold T Bills to pay taxes this week, but there is probably a bit less cash used for the quarterly auction to "reinvest."
.
Make sure you read my latest articles on I Bonds, Bob Brinker Update, Finisar, NanoViricides, Patriot Scientific, Market Timing Quotes and Penny Stocks
