2 ms·
I suspect that many Americans do not actually compute their effective tax rate each year. I think this is happening because people I talk to seem to construct t
by elipsey 8y ago
I suspect that many Americans do not actually compute their effective tax rate each year. I think this is happening because people I talk to seem to construct their beliefs about tax rates based on claims made in political rhetoric and by journalists, but then proceed to astonish me by not knowing their own realized income tax rate from the prior year when I ask them.
This article, and the linked twitter posts, suggest a great strategy for lobbying the public: increase withholding rates while claiming to lower taxes. I wonder if we will see more of this?