3 ms·
Yes they do, because there is still employer withholding. Almost 75% of Americans had too much withheld: https://www.cnbc.com/2018/08/01/30-million-americans-a
by mises 8y ago
Yes they do, because there is still employer withholding. Almost 75% of Americans had too much withheld: https://www.cnbc.com/2018/08/01/30-million-americans-are-not-withholding-enough-pay-for-taxes.html https://www.cnbc.com/2018/08/01/30-million-americans-are-not...
And if you don't believe me on the reducing-sticker-shock part, here's a quote from the Treasury: "it... greatly reduced the taxpayer's awareness of the amount of tax being collected, i.e. it reduced the transparency of the tax, which made it easier to raise taxes in the future."
https://en.wikipedia.org/wiki/Tax_withholding_in_the_United_States https://en.wikipedia.org/wiki/Tax_withholding_in_the_United_...
It is indeed a very underhanded way to con citizens into putting up with stupidly high taxes.
Oh, and for what it's worth, it hits lower incomes harder because they are less likely to hire tax advisors, fancy accountants, etc. to make sense of it all for them. Maybe we would end up with lower taxes on our poorest, too, if they realized how much they were being robbed.
- war1025 8y agoFor the record, I make good income for the area, which isn't amazing, and also have three kids. I had no federal tax burden this year and was in fact reimbursed $1800 of surplus child tax credit. So I find it hard to believe the poor are paying too much in taxes if they are anywhere near the same boat as me.