The IRS confiscates money from the guy making $800 a week all year long knowing he isn't going to owe on April 15, but they don't want to give it back.
I think a major effort to repeal employer withholding would open a lot of eyes in this country.
"The people are responsible for the character of their government. If that body be ignorant, reckless, and corrupt, it is because the people tolerate ignorance, recklessness, and corruption. If it be intelligent, brave, and pure, it is because the people demand these high qualities to represent them..." - James Garfield
Agreed. But you will have a lot of folks tell you it doesn't matter. I agree with you.
Withholding is pernicious. Same with business taxes - just hidden in higher prices, lower wages, or reduced ROI.
good point about refunds.
was an article this morning, talking about how lots of people, mostly women, get EITC “refunds” of 6-9 thousand!
http://www.freerepublic.com/focus/f-news/2753527/posts
i’d like to see a grand total, of just EITC
(income redistribution) refunds.
Anybody making $800 and paying Federal and State INCOME taxes is a certified idiot. Most people making that kind of money have already filled out enough exemptions to bring their paycheck taxes down to zero (illegals do it big time).
The only 'taxes' they pay aren't really even taxes, per se; they're commonly called 'payroll' taxes but are actually OASD, FICA and Medicare payments.
Lastly, I'll say this: Heard on a commercial from Andrew Young to families of fouror more making less than $40K per year - "you can get EITC up to $4000! Just file!" "if you didn't file last year, file retroactively! up to three years! That's $12,000!"