3 ms·
You can already see this on your pay stub (if you look at it, I know I don't bother with mine) In principle I like your suggestion but in actuality I think man
by abustamam 7y ago
You can already see this on your pay stub (if you look at it, I know I don't bother with mine)
In principle I like your suggestion but in actuality I think many Americans will not like their "yearly tax bill." Just think about people who are already living paycheck to paycheck; not saving much, or just overall spending every penny that comes into their bank account. They would be in trouble come April if they had to pay it at that point.
Perhaps they could do a monthly installment payment for last year's taxes... And the taxpayer would auto pay once or twice a month when they get paid... But then, we're back to where we started.
Tldr in an ideal world where every citizen is disciplined about not spending every penny they get, this suggestion would be great.
- HeWhoLurksLate 7y ago...in an ideal world, they wouldn't have to spend every penny, either.
- abustamam 7y agoI would argue in an ideal world money wouldn't exist but I think people have different ideals in that sense :) I know some people _have_ to spend every penny because they need to to survive, but there are also plenty of people who spend every penny because they just have no discipline and buy anything they want without regard to whether or not they could afford it. Ideally the people in the former category would get some sort of welfare. Not sure what, if anything, to do with the people in the latter.
- anticensor 7y agoYou live paycheck to paycheck and still ineligible for income tax exemptions? Seems like a pretty USA-specific issue.