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A lot of these people also argue against withholding for this reason. If people had to write a check every year (or every quarter, month, whatever) then, the ar
by mikeash 8y ago
A lot of these people also argue against withholding for this reason. If people had to write a check every year (or every quarter, month, whatever) then, the argument goes, people would be outraged at how much they pay and there would be enormous pressure on Congress to cut taxes.
- millstone 8y agoThis cuts the opposite way. The practice of withholding and the overcomplicated code leads Americans to greatly over-estimate how much they pay in taxes. Increasing tax transparency would lead to surprise at how little we actually pay in taxes. http://time.com/money/5224749/how-much-americans-pay-taxes-irs/ http://time.com/money/5224749/how-much-americans-pay-taxes-i...