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re: Doing taxes really makes you think

Posted on 2/13/24 at 3:02 pm to
Posted by BamaAlum02
Huntsville, AL
Member since Nov 2005
1016 posts
Posted on 2/13/24 at 3:02 pm to
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.
Posted by tigerfoot
Alexandria
Member since Sep 2006
56690 posts
Posted on 2/13/24 at 3:05 pm to
quote:

If everyone had to pay in estimates rather than having taxes withheld from every paycheck, there would be much more accountability in government.
And a flat tax, or even better a consumption tax. But a consumption tax will drift upwards over time just like local sales tax.

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 by MikeD
Baton Rouge
Member since Jan 2004
7321 posts
Posted on 2/13/24 at 3:29 pm to
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 by TigersnJeeps
FL Panhandle
Member since Jan 2021
1754 posts
Posted on 2/13/24 at 4:08 pm to
automatic deductions from the paycheck was a brilliant way to hide how much one pays in federal taxes
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