Watch this video about taxes on HowStuffWorks. With new tax laws in 2007, including ones that taxpayers may not be aware of - such as the new, one-time only telephone excise tax refund that practically every taxpayer qualifies for - many may end up leaving money on the table. Last year alone over $229 billion dollars was refunded to individuals, but amazingly, more than $8 billion was left behind by those who did not accurately file. See how taxes work in this video from Medialink.