05-01-2023, 03:15 PM
(04-28-2023, 09:28 AM)TomK Wrote:(04-28-2023, 04:25 AM)terracore Wrote: It is estimated that 44% of households don't pay income tax and 75% of filers get a refund. If anything, wouldn't tax season bring out more shoppers?
Let's just be clear about this. Those that get a refund have paid their taxes. Those that can't or won't pay taxes are funded by honest workers even if they don't want to do that.
As for bringing out more shoppers, well, no, unless you're brainless. Save your money and shop later. You don't need the latest iPhone unless it has some app that will change your life for the better.
While technically it is not a "refund" if you aren't paying any federal taxes to begin with, there are all sorts of the non-taxpayers that get the earned income child tax credits, which do get them a refund of money that they never paid in to begin with.