Refunds Are Not Refunds
(media.greatawakening.win)
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I wonder what percentage of us would neglect to save anything for the tax man if there was no withholding? Probably enough that the whole thing would come crashing down.
They automate taxation as much as possible as a mechanism to prevent taxpayers from refusing to pay in protest, change my mind.
That's what I'm starting to think
I don't pay federal or state a dime during the year. When I work on the side, there is nothing withheld, so I have to pay the whole thing myself in April. As long as the money is in my money market account, it's making a bit of interest for me. I made over twice as much as my SS this past year, so I get to pay income tax on 85% of my SS.
Right, I'm just saying there's a large portion of the population (cough democrats cough) that could never be responsible enough to manage having that money sitting there and not touch it.
I've managed two years in a row now. But I'm retiring 100% so I don't have to worry about this again.
Well done, that's a way better idea! Retiring someday, hopefully sooner rather than later, is part of what motivates me to get up and work.