74% of People Would Rather Receive a Tax Refund Than a Slightly Larger Paycheck
We generally like to think of our team here at Decision Data as rational. But even as data scientists and people who love to play armchair behavioral economists, we simply cannot resist the appeal of a tax return. All the reasoning and logic in the world about how it's better to pay the correct amount in taxes every paycheck and keep more of your money upfront doesn't help the fact that it's simply awesome to get a “bonus” every April, even if it is our own money. It's the large scale equivalent of finding $20 in a coat pocket.
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