Reply to Trump voters getting tax shock and regretting their votes

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Interesting that the press is touting lower refunds--not lower tax payments.........

I remember the first year I paid taxes--it was the refund that counted.  As I got [b]wealthier[/b], I got wiser.[/quote]

Fixed that for you.

Most Americans don't have enough cash to afford a $500 emergency. Their tax refund is the biggest single payment they receive all year. And hence why it is used by families to make major purchases: a down payment on a new car, a new washer/dryer set, or to finally replace the roof on their house.

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They would be wise to pay less taxes with each paycheck instead of loaning their money to the government and then getting it back, interest free, and feeling like it’s a bonus. [/quote]

Sure they would. But most people don't. They feel like they would spend that extra $50 here, $75 there in their bi-weekly paycheck instead of sticking it into their savings account, but having it withheld is a kind of automatic savings trick, even if they're not getting the interest (what, $15?) from it and at the end of that year they'll have $1300 to spend.

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But if they got the money last year, or even more, they can’t claim they’ve been done wrong by the tax changes. 
 [/quote]

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