Tax Day 2008: Free Donuts, Where Your Tax Dollars Go and Tax Astrology Insights

Dunkin' Donuts is offering free donuts with the purchase of any size cup of coffee today! Chow down while wondering where your 2008 tax dollars will go. According to the National Priorities Project, 40 percent of our 2007 income tax payment went towards military spending, while education received just over 4 percent. Meanwhile, the DOJ announced the creation of the National Tax Defier Initiative (TAXDEF) recently. TAXDEF's purpose is "to reaffirm and reinvigorate the Tax Division’s commitment to investigate, pursue and, where appropriate, prosecute those who take concrete action to defy and deny the fundamental validity of the tax laws."

Tax Astrology. According to a recent survey by Money Management International, tax time can be very different for consumers born under different sun signs. The findings:

Aries (March 21-April 20) Those born under this Fire sign expect the smallest refunds ($1,400). They plan to save (46%) or pay debts (32%).

Taurus (April 21-May 21) Taurus is an Earth sign, associated with practicality. Those born under this sign are the least likely to expect a refund. Of consumers who expect to receive a refund, only 6% were born under this sign.

Gemini (May 22-June 21) Generally known to be logical, Gemini are the most likely to over-withhold on purpose.

Cancer (June 22-July 23) Protective Cancers are not likely to splurge with their refunds. Of those consumers who plan to splurge, less than 1% were born under this Water sign.

Leo (July 24-August 23) Generous Leos are more likely than those born under most other signs to spend their refunds. Of those who plan to splurge, nearly 20% are Leos.

Virgo (August 24-September 23) Practical Virgos are still deciding how to spend their expected tax refunds. In fact, more Virgos than those born under any other sign were “undecided” about what to do with their refunds (14%).

Libra (September 24-October 23) Known for balance, Libras surprisingly expect the largest refunds (an average of $2,200).

Scorpio (October 24-November 22) Scorpios are characterized as being passionate. Of those who plan to splurge with their tax refund, one out of four is a Scorpio.

Sagittarius (November 23-December 21) Sagittarians are known for being optimistic and are not likely to save their refunds. In fact, of those who plan to save, only 5% were born under this sign.

Capricorn (December 22-January 20) Earth signs, like Capricorn, are associated with practicality. Appropriately, Capricorns are not likely to splurge with their refunds. In fact, of those who plan to splurge, less than 1% are Capricorns.

Aquarius (January 21-February 19) Aquarius is an Air sign, associated with thought and perspective. Fifty-eight percent of surveyed Aquarians expecting a refund plan to use it to pay down debts.

Pisces (February 20-March 20) Idealistic Pisces are the least likely to save. In fact, of all those who plan to save, less than 5% are Pisces.

[JH]