LOYAL AG said:schmellba99 said:F that huge portion of the country then.LOYAL AG said:
Great idea that will result in the republicans losing every election forever. My company handles all things financial for a lot of small owners and I've learned two things. Entrepreneurs want to keep their money as long as possible and their employees want the largest refund they can get by paying in as much as possible throughout the year. The vast majority of Americans aren't capable of saving for their tax bill. As much as I love the idea because I'm the entrepreneur in the above it would be catastrophic for a huge portion of the country.
Part of being an adult is doing things you don't like and understanding that you don't live in a world where instant gratification is the rule.
I also think you are completely wrong on this with r's losing every election forever. If people really knew how much taxes they pay, they would be beyond pissed off. But they don't because those taxes are paid before they ever see them. Out of sight, out of mind. In most people's mind they simply don't exist because of how the system operates (by design).
Most people don't care about politics except in the run up to Election Day. What they do care about is their daily lives and having more money on payday will be great until they have to write a check next April with money they don't have. That will be blamed on Republicans. Trust me, it won't go well. I have A LOT of conversations about withholding and the overwhelming majority end with the employee wanting to make sure they don't owe anything next April. Nearly all of them.
Make them care. Do away with withholding and make tax day the day before election day. Tie them together and everyone will be thinking about which candidate do I want spending MY money.
Btw: withholding was created as a way to generate constant cash flow for the govt during WWII. It was supposed to be temporary.