I just had our taxes done. Last year, we had to write the I.R.S. a check for $4,000. This year, I am getting a $1,000 refund.
“Why the difference?” I asked Tim the Accountant.
“You suffered monumental losses in your equity accounts.”
That was 2008 for a lot of people, I suppose. But I’m happy about the refund. It’ll come in handy.