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I can imagine it happening. The US tax code is so complicated that most tax payers don't really understand it. Heck, most tax payers don't understand how margin
by tvanantwerp 8y ago
I can imagine it happening. The US tax code is so complicated that most tax payers don't really understand it. Heck, most tax payers don't understand how marginal tax rates work or why having a large refund isn't actually a good thing. I can absolutely believe that a majority of people would accept a negative change to the tax code due to an inability to understand it, choosing to just accept whatever they're being told to make it all go away until next year.
- westmeal 8y agoWhy isn't a large tax return a good thing? Is it because the tax return is basically what they have taken from your income already?
- lenticular 8y agoYeah, your tax refund was an interest-free loan to the government.
- westmeal 8y agoThank you
- linuxftw 8y agoMost tax payers can't multiply two fractions. It could be as simple as filling in 3 fields on a form, they'll still march down to Jackson Hewitt and pay someone hundreds of dollars to do it for them.
- komali2 8y agoWhich, IMO, is a failure at the government level. Either make it so stupid easy a nearly illiterate child could do it, make it unnecessary (just have the IRS file for us), or massively improve the terrible state of the education system in the USA.
- linuxftw 8y agoOr, just get rid of the income tax altogether as it's pretty draconian.
- fragsworth 8y agoThis is exacerbated by the number of workers who don't actually pay any taxes (~44%): https://www.marketwatch.com/story/81-million-americans-wont-pay-any-federal-income-taxes-this-year-heres-why-2018-04-16 https://www.marketwatch.com/story/81-million-americans-wont-... The number is even higher if you count those who are unemployed or not working.