3 ms·
> I like taxes being withheld from my paycheck. I'm glad you prefer it. With that said, it ought to be a choice for those who prefer it, not a mandatory proce
by mises 8y ago
> I like taxes being withheld from my paycheck.
I'm glad you prefer it. With that said, it ought to be a choice for those who prefer it, not a mandatory procedure. This is especially true in that it makes the taxpayer less likely to realize just how much he is paying. 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."
Source: https://en.wikipedia.org/wiki/Tax_withholding_in_the_United_States https://en.wikipedia.org/wiki/Tax_withholding_in_the_United_...
People pay way too much, and breaking it up into little payments makes them less likely to realize this. It's the same reason salesmen offer it for expensive purchases (cars, iPhones): low payments of $100-$400/mo are much more appealing than a big check all at once.