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re: Doing taxes really makes you think
Posted on 2/13/24 at 3:02 pm to fareplay
Posted on 2/13/24 at 3:02 pm to fareplay
If everyone had to pay in estimates rather than having taxes withheld from every paycheck, there would be much more accountability in government.
As it is now, most don't think about the $1,000 per paycheck that is withheld and then get excited when they get a refund. But if you had to mail a check for $6,000 every 3 months you would want to know where your taxes were being spent.
As it is now, most don't think about the $1,000 per paycheck that is withheld and then get excited when they get a refund. But if you had to mail a check for $6,000 every 3 months you would want to know where your taxes were being spent.
Posted on 2/13/24 at 3:05 pm to BamaAlum02
quote:And a flat tax, or even better a consumption tax. But a consumption tax will drift upwards over time just like local sales tax.
If everyone had to pay in estimates rather than having taxes withheld from every paycheck, there would be much more accountability in government.
Get rid of all the bullshite, get rid of all the deductions with exception to retirement savings and medical bills...and pay your small percentage.
Posted on 2/13/24 at 3:29 pm to BamaAlum02
quote:
If everyone had to pay in estimates rather than having taxes withheld from every paycheck, there would be much more accountability in government.
Exactly this. Automatic withholdings makes the amount of money you pay seem out of sight and out of mind. If we had to writes checks, there would be outrage.
Posted on 2/13/24 at 4:08 pm to BamaAlum02
automatic deductions from the paycheck was a brilliant way to hide how much one pays in federal taxes
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