| p>Every year most people look forward to receiving a | | | | much knowledge about any subject that our hearts |
| tax refund. In fact, some of us have already made | | | | desire. None of us should be letting nobody especially |
| plans on how the money is going to be spent well in | | | | the IRS (who often charges folks double penalties |
| advance before even receiving the refund. Some of | | | | when you owe them) keep our money because we're |
| us even brag about how large our tax refund will be | | | | too ignorant and lazy to keep it ourselves. We're not |
| as if receiving a big refund means you're considered | | | | children, we don't answer to "boy" or "girl" anymore like |
| smart and savvy. Fact is nothing could be further from | | | | the many slaves who died in the pursuit of freedom. |
| the truth. | | | | Children often ask their parents to keep their money |
| The truth is, the more money one receives back from | | | | for safekeeping; planning to receive a tax refund is like |
| the federal government (tax return) it's a clear sign | | | | adults acting like children that can't manage nor save |
| that one gave more than one was suppose to have | | | | their own money. |
| given. In other words, you miscalculated and short | | | | The best practice is to have the use of your money |
| changed yourself! It's like going to the grocery store | | | | (tax refund) throughout the entire year. For example, |
| and buying $50.00 dollars worth of grocery and paying | | | | suppose you get a tax refund of $1,200.00 well, |
| the cashier $55.00 and walking away, yet waiting for | | | | according to the time value of money theory, it's better |
| the cashier to run behind you to the parking lot and | | | | to receive $100.00 per month over 12 months than to |
| remind you that you forgot your change. | | | | wait and receive a lump sum of $1,200.00 at the end |
| Listen folks, no one should feel good about getting a | | | | of the year. Why? My personal theory especially since |
| big tax refund, especially if you're considered "grown" | | | | I'm a man living in America, what if you don't live until |
| and over the age of 21. Why? 'Cause you should | | | | the end of the year? Black on black crime is crazy |
| know better! Many of us complain about not having | | | | these days, there's a 99 % chance that if you're black |
| enough money to make ends meet, if that's true, how | | | | you'll be beat-up, robbed or killed by another brother |
| can you afford to give the federal government a tax | | | | man and that's a fact; so give me the $100.00 as fast |
| free loan and allow them to keep your hard earned | | | | as I can get it. |
| money for over a year, use it as they please and then | | | | Using the time value of money theory, if you receive |
| finally give it back to you (with no interest) when you | | | | the $100.00 per month, you should invest it right away |
| file your income tax return. How ridiculous is that! | | | | and receive interest on the money throughout the |
| Who's fooling who? Some people even claim zero | | | | year, if you're still alive after 12 months you'll have |
| exemptions throughout the year just so they can | | | | more money saved than $1,200.00 besides, most folks |
| make sure that they pay more taxes than they legally | | | | could use an extra $100.00 per month to pay bills and |
| have to, therefore guaranteeing a tax refund check at | | | | get out of debt. How do I get my money now and |
| the end of the year. What a sad, sorry tax strategy! | | | | avoid a large tax refund? The best thing to do now is |
| Folks we're free, slavery is over, Rosa Parks did her | | | | adjust your W4 (withholding allowance) and consult a |
| thing and so did Dr.Martin Luther King; we're living in a | | | | tax planner (accountant) to help you figure out the |
| modern society, we drive fancy cars, no more horse | | | | proper exemptions to file. |
| and buggies, we're allowed to learn and obtain as | | | | |