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They seem to over-withhold in Canada as well, and I disagree with it for similar reasons. On the other hand, it is likely a huge benefit to the poor and those
by II2II 10y ago
They seem to over-withhold in Canada as well, and I disagree with it for similar reasons.
On the other hand, it is likely a huge benefit to the poor and those who are poor at managing their money. Come tax time, they could easily face a bill that exceeds their paycheck and paying interest on top of their taxes. It would also cost the government more since they would have to pursue collection more aggressively.
- _delirium 10y agoThey tend to overwithhold in Denmark as well, mostly because it avoids having to chase down people for payments later (giving people refunds is easier and fully automated). However they do pay interest on the overwithheld amount.