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Personally, I would say it matters because that scenario is BS. Further, don't forget that while the IRS knows exactly how much you have made - they still requ

Personally, I would say it matters because that scenario is BS. Further, don't forget that while the IRS knows exactly how much you have made - they still require you to figure it out at the end of the year and then in all likelihood pay more taxes than what was taxed. In scandanavian countries - their taxes are high - but at least the system is simple; they send you a summary of what you made, what you were taxed and you basically just sign it (according to some friends from there - I do not have first hand knowledge of how its actually done in Sweden/Norway/Finland)

woodruffw 5y ago
> Personally, I would say it matters because that scenario is BS. Which scenario? To be clear, I agree that the IRS’s guessing game system is ridiculous. I’d much prefer the Scandinavian system. But I’m not clear on what that has to do with double taxation, seeing how those countries do it as well (via VAT or any discretionary tax.) No country can accurately tax you ahead of time on discretionary spending, and I don’t believe any does.