A transfer payment is the revenue one receives when filing for a tax refund.

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A transfer payment is a payment made by the government to an individual, business, or group without expecting anything in return. Examples include social security benefits, welfare payments, and subsidies. Tax refunds are not considered transfer payments because they are simply returning overpaid taxes to the taxpayer, and the government expects the taxpayer to use the money for their own benefit.

A Transfer Payment Is the Revenue One Receives When Filing