Trump takes action on his own.

[TedKennedy]

The consequences of ballooning federal deficit and debt combined with eternal quantitative easing and endless unfunded hand outs will lead to a far worse economic collapse than letting extra unemployment benefits expire. What can we do to help that? Hey, lets stop collecting payroll taxes! WTF?

We are heading for far more than short term inflation.

Trump is between a rock and a hard place: 1) Continue to inflict long term damage on the economy in order to buy votes for reelection or 2) Rip the band aid off, save the economy/country, but maybe lose the election.

Welp, let's talk long term. Currently we have a nation of dolts that earn, get taxes stolen out of their paychecks, and are too stupid to know the refund check they get is their own money. This fosters indifference, and the ignorance is killing us.

Perhaps if the taxpayer got to keep his earnings, then had to pay at the end of the year, he'd be a bit more attentive to what that money was used for.

Stealing a man's earnings before he ever sees it is all kinds of wrong, and there's nothing that would keep our glorious government from increasing those paycheck thefts until nothing was left. I'd personally like to see a bill that would make any type of payroll tax (Social Security included) illegal.

How do you think a nation of taxpayers, painfully aware of what they actually paid in taxes would affect the country? Better, or worse?

 

[SMS]

I definitely think we should switch to paying up at tax time...

 

[HJB]

I definitely think we should switch to paying up at tax time...

That's highly unlikely. If you let people have their entire salary, most of them would spend every dime of it and then would not be able to pay when it is tax time. The feds know this, the employers know this, your priest knows this and so does your ex-wife.

So, they do the smart thing and make you pay before you see it, and then they don't have to spend a lot of time and effort trying to get you to pay up later.

I'm sure you are just kidding and know that this would never work....right ?

 

[TedKennedy]

That's highly unlikely. If you let people have their entire salary, most of them would spend every dime of it and then would not be able to pay when it is tax time. The feds know this, the employers know this, your priest knows this and so does your ex-wife.

So, they do the smart thing and make you pay before you see it, and then they don't have to spend a lot of time and effort trying to get you to pay up later.

I'm sure you are just kidding and know that this would never work....right ?

And the problem is?

Actually, that's exactly how it used to work.

Well, actually, the government didn't steal from paychecks at first - in fact it was very much contested by people with respect for individual rights.

 

[SMS]

That's highly unlikely. If you let people have their entire salary, most of them would spend every dime of it and then would not be able to pay when it is tax time. The feds know this, the employers know this, your priest knows this and so does your ex-wife.

So, they do the smart thing and make you pay before you see it, and then they don't have to spend a lot of time and effort trying to get you to pay up later.

I'm sure you are just kidding and know that this would never work....right ?

You know that it used to work...right?

I know we will never go back to a end of tax year or quarterly pay-in system. We've gone way beyond that. The system has become far too bloated and convoluted to ever go back.

That doesn't mean it would never work if we somehow made it happen. Would there be an adjustment period? Yes. Would it be difficult for some? Yes. Those are problems to be solved or planned for, not reasons to not do it.

 

[HJB]

You know that it used to work...right?

I know we will never go back to a end of tax year or quarterly pay-in system. We've gone way beyond that. The system has become far too bloated and convoluted to ever go back.

That doesn't mean it would never work if we somehow made it happen. Would there be an adjustment period? Yes. Would it be difficult for some? Yes. Those are problems to be solved or planned for, not reasons to not do it.

Why change it ? The current system works fine and too many people are unable to manage their finances in a way to be able to pay taxes at the end of the year.

Plus even if you do pay taxes voluntarily as some people do, you are required to make payments quarterly. I pay in cash quarterly every year because all of my taxes are from investments.

But the system works just fine as it is. I see no need to change it.

 

[TedKennedy]

Why change it ? The current system works fine and too many people are unable to manage their finances in a way to be able to pay taxes at the end of the year.

Plus even if you do pay taxes voluntarily as some people do, you are required to make payments quarterly. I pay in cash quarterly every year because all of my taxes are from investments.

But the system works just fine as it is. I see no need to change it.

To encourage taxpayer participation in government.
To end the interest free "loan" that taxpayers unwillingly give the government until their overpayment is refunded.
Because taxation is theft, and while some theft may be necessary to run our country, it should be kept to a minimum.

 

[HJB]

To encourage taxpayer participation in government.
To end the interest free "loan" that taxpayers unwillingly give the government until their overpayment is refunded.
Because taxation is theft, and while some theft may be necessary to run our country, it should be kept to a minimum.

Well, the only reason that an overpayment is made to the government is that people are either too lazy or too stupid to get the withholding from their checks set at the right amount.

 

[TedKennedy]

Well, the only reason that an overpayment is made to the government is that people are either too lazy or too stupid to get the withholding from their checks set at the right amount.

Unless changes are made or life events happen mid-year...it would be very hard to get it exactly right.

Doesn't really matter to me if it was easy - taking a man's earnings is wrong, period. There's nothing preventing those taxes from going up and up and up.....and the fella actually earning them has zero recourse, other than taking a cash job.

 

[Glock 40]

So difficult... https://www.irs.gov/individuals/tax-withholding-estimator ask your payroll department to change your dependents. Heck I can do it online at my company and the last company also. Could change it every paycheck if I want to.