How would you spend your refund?

by Catherine Mulbrandon

in Other

TURBOTAX-REFUND
Free Tax Filing, Efile Taxes, Income Tax Returns – TurboTax.com

Another graphic from my client work with TurboTax. I did not create the finished design above. I did performed some behind the scenes research and sketching for this infographic that you can see in this version below:

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  • Matthew Gunn

    “Most taxpayers said they would spend their refund on savings or paying down debt.”

    Hah! Another small confirmation of Milton Friedman’s permanent income hypothesis that what drives consumption is permanent income, not the ebb and flow of transitory income.

    Stuff like this is why stimulus packages don’t work. The permanent income hypothesis predicts that will save, not spend, windfall checks from the government. http://johnbtaylorsblog.blogspot.com/2009/09/is-stimulus-working.html

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