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.

[/quote]

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]

You are so blind to the privilege that lets you say that.[/quote]

That is not privilege.

Anyone can go into the local library, go to the IRS withholding calculator at the beginning of the year with a pay stub in hand and figure out their withholding so that they have bigger take home pay each week.  That is something I mentor my junior employees to do each year.

https://www.irs.gov/individuals/irs-withholding-calculator

Now I do understand that withholding forces people to "save" who might not otherwise, but employers should encourage that anyways by offering to move money to a savings account for them upon starting employment, much like how requring people to opt out from 401k savings plans instead of opting in resulting in more retirement savings.[/quote]

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