Posted on 04/15/2026 2:44:02 PM PDT by ransomnote
Trump War Room
@TrumpWarRoom
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4h
🚨
@SecScottBessent
with a direct message to American taxpayers:"I want to encourage everyone out there watching today to change their withholding ... you will get an automatic real wage increase on a weekly or a monthly basis."
April 15, 2026
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This is a new one. The government usually wants you to overpay on your withholding.
Am I wrong on this? I thought that was simply giving them money to do things with it, and it isn’t in your pocket for a year to do your things with it. Is that right?
Do your own withholding. You should be the one earning your own interest from your own income in a savings account.
The government knows that people like to get checks instead of writing them, so it gets to earn the interest they should be earning on that excess w/h. Imagine the interest that is earned by millions of w/h overages.
I know this is a minority opinion, but this is really not a good idea. I know all the reasons why it is a good idea, but its still not a good idea. Most people are not responsible and will end up owing a lot of money to the government and won’t be able to pay it when due. It will create a crisis for them. The interest that they earn on the withheld funds isn’t worth that risk.
If you withhold too little, Uncle Sam charges penalties plus interest. Plus, many lack the discipline to save for taxes. The IRS won’t send a legbreaker to collect, but it will garnish your checks for what you owe, plus penalties and interest.
I’ve found the W4 process doesn’t work well for me.
I’ve an excel spreadsheet that projects my tax bill.
I then adjust my withholding to match.
I usually get a few hundred refund. Just enough to ensure I don’t owe.
I wish the IRS would make the W4 optional and just allow you to specify a specific dollar amount to be withheld.
it is a curious thing. does that mean a big tax cut is coming? or is Trump desperate to help in the mid terms either way its curious
[I know this is a minority opinion, but this is really not a good idea. I know all the reasons why it is a good idea, but its still not a good idea. Most people are not responsible and will end up owing a lot of money to the government and won’t be able to pay it when due. It will create a crisis for them. The interest that they earn on the withheld funds isn’t worth that risk.]
Does anybody ever include a calculation for the time spent repeatedly navigating a spreadsheet or driving to the bank to open an account and so forth?
“...owing a lot of money to the government and won’t be able to pay it when due.”
Not to worry, that’s what credit cards are for.
My sister was so excited when she learned of all the money she could get to send her son off to college. Maybe I should have said something, but shes quite a bit older than me. And liberal. But the sense I got was she thought the government was just going to GIVE her money. (Not a loan.)
I don’t recall hearing lamentations of having to pay it off - maybe her ex-husband had to take care of it. He got hosed during the divorce.
This is how some showbiz figures get into trouble. They spend every dollar earned, borrow based on peak earnings, forget to pay Uncle Sam, end up in prison. Wesley Snipes is the poster child for this.
Two words....Two words in the English language....”I Forgot!”
Naw...For some people, it’s the only way they can save money...and they get it when they get their refund.,P>They don’t want you to overpay. Money is already budgeted...
I’m from the government and I’m here to help.
It’s a trap!
No they don’t. It costs money to process refunds. They would like everyone to report that there is no tax “owed” on April 15th. That would make things so much better.
I know this is a minority opinion, but this is really not a good idea.
If you have a decent cash reserve and don’t go paycheck to paycheck, it’s better to get more in each paycheck and end the tax year with a small refund or a wash. You can use the additional money to invest in a money market fund or other low-risk investments, such as Yrefi. The IRS has an online calculator that lets you dial in the best options for your situation.
With the recent tax reductions and no-tax-on-tips laws, you don’t need to give as much to the government as you used too.
Bessant is all about juicing the economy.
You should owe the maximum amount on taxes without having to pay the penalty.
If you get a refund, you gave the government an interest-free loan.
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