redneck savings account
The intentional act of having too much income tax witheld from your pay, in order to get a big fat refund check at filing time.

Done by stupid people who don't realize they're giving the government an interest free loan all year.
Billy Bob: Got mah tax refund today - six hunnert some bucks!

Melissa: Ahhhh, you cashed in your redneck savings account.

Billy Bob: Huhhh?
