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GOBankingRates
GOBankingRates
Travis Woods

FORGOTTEN HISTORY: 4 reasons high earners rarely get big tax refunds - Caught on Camera

DNY59 / Getty Images/iStockphoto

This may come as a surprise to some during tax season, but many high-income earners may not receive sizable tax refunds. Tax refunds usually reflect overpayments relative to actual liability and refundable credits — two things that can shrink as income increases.

Read More: 5 Tax Loopholes the Ultra-Wealthy Use That Most Americans Don’t Know About

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