Paul L. Caron

Saturday, January 5, 2008

Astrology and Taxes

Money Management International has released its 2007 Tax Survey Results.  Among the interesting findings are the relationship between your astrological sign and your Form 1040:

  • 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-Aug. 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 (Aug. 24-Sept. 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 (Sept. 24-Oct. 23):  Known for balance, Libras surprisingly expect the largest refunds (an average of $2,200).
  • Scorpio (Oct. 24-Nov.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 (Nov. 23-Dec. 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 (Dec.22-Jan. 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 (Jan. 21-Feb. 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 (Feb. 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.

(Hat Tip: Ben Cunningham.)

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» Your tax horoscope from Don't Mess With Taxes
Last filing season, the credit counseling agency Money Management International (MMI) conducted a taxpayer survey that collected astrological data on the respondents. I know it's a little old, but we all know that horoscopes are vague, overly general, ... [Read More]

Tracked on Jan 6, 2008 11:22:24 PM