"...citing an example from the evening news of a man from Kentucky desperate for his tax refund..."
Uh, overpaying taxes means lending the money to the gov't interest free, and of course with inflation it means the money you get back will be worth less than it was when it went to Uncle Sam.
as one comment here notes:
The IRS knows this. That's why they never send out a notice saying, "We're worried that you're withholding TOO MUCH. Please don't give us so much money!"
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and then there is this example of "refinancing" idiots who want a bail out.
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a similar economic illiteracy seemed to be behind the "one shoe bought one shoe donated" scheme, which instead of giving shoeless African kids shoes from the local Bata factory will give them frees shoes imported from China.
more HERE...example: KwaZulu Shoe Factory or Mossop western Leathers
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