It would collapse the already teetering economy and cut all funds off from the swamp but how would you accomplish that? Most jobs take the taxes off auto, don't they?
It would be great in theory. And would also represent the true American spirit.
No you file on your W4, and have money withheld from each paycheck. You're supposed to file so the right amount of money is withheld, then come tax time you pay or owe a small amount. So in this case people would file to get paid up front with little or nothing withheld, then come tax time you owe a shitload but don't pay it.
Everyone should always have the minimum withdrawal possible taken from their paycheck anyway.
You should always owe taxes at the end of the year. If you get a rebate, it’s because you gave an interest free loan to the government for a year.
I just realized I paid about $40K to the government last year. Had I bought into the stock market this year I’d have $6K extra to keep for myself.
Wait sorry that’s taxed too so I’d have $4K extra.
It's a good point but most people cannot budget worth a shit and having to pay even just a couple grand at tax time sends them into the stratosphere. There are always a bunch of people at work flipping out come March/April, usually the same people as last year.
Except for the fact that Social Security rip off is STILL automatically taken, and it's a very large amount of your paycheck every week. THAT'S robbery. There's no way to stop that from being taken.
Change your dependents to like 9 10 whatever.
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