I’m no “Taxamatician” (yes, that was a joke), but isn’t a tax refund simply a REFUND of money you overpaid?
This CNN article entitled 5 Ways to Spend Your Refund shows the sentiment in America to blow your refund. According to my knowledge, this is equivelant to:
Buying $5 worth of candy with a $10 bill. When the cashier hands you back $5 in change, you think, “Hey! Free money!” and go spend it.
When you overpay for your taxes and then get some of it back, you aren’t “getting” free money. If you are going to blow your tax refund, blow it on something CRAZY like paying off debt or starting a new savings account!