Yes dummies, because the taxes paid are lower this year. Thats how math works.
Since 1800’s feds special account for “patriots’ who want to send more $$’s to DC.
The dems and their buddies in the corrupt mainstream media are always against tax cuts. They want every dime they can get from Americans so that they can kick it back to their supporters and profit themselves.
With all the new programs they are proposing to give taxpayer money to prospective voters, I'm surprised the dems don't just establish a bank account to pay voters directly for their votes.
Inflating order price when paying for something with someone else's money and pocketing the difference.
An enormous number of Americans believe they only "pay taxes" on April 15th, and only when they have to write a check to the IRS. If they got a refund, then they "didn't pay taxes" that year. Neither the media, nor the politicians, nor the educational system in this country does anything to dispel that false idea.
they need to look at the pay stub and realize they "pay tax" every time they earn money.
Or look at their sales receipts.
Quarterly payer here. This checks out.
The best was the first time I paid taxes like that, and my accountant said “You have to pay your own SS and your employers contribution (I’m self employed.)” My jaw almost hit the floor - it was definitely an eye opening lesson.
If every American had to pay quarterly taxes, we'd have some real tax & entitlement reform in the next federal election.
Make April 15 election day. Government spending would drop for the first time in 70 years.
If only taxpayers could vote, there’d be a hundred-foot tall wall at the border.
Or, if taxes weren't deducted from paychecks and had to be paid in full by April 15.
I'd love that but the country would be broke on April 16th. Most people don't have enough sense to save.
Yeah, pretty sure that's probably why it's taken out of the paycheck before they ever see it.
That's why you are supposed to open an s corp, lower your official salary and take the earnings as a distribution. You'll actually pay less than w-2 bros.
Although your official salary has to be comparable to market. So many people were paying themselves peanuts and just paying cap gains on their distributions that the IRS started cracking down on them. I wouldn't be surprised if S-corps are audited at a higher rate then other formations. Good advice though.
I always love when kids get that first job and get that first paycheck and go to their parents or friends trying to figure out why their 30 hours at 15 dollars an hour is 350 dollars instead of 450. Remember those taxes the politicians you voted for wanted? Yuuuup, congrats! You won!