04-18-2019, 09:34 AM
(04-18-2019, 09:26 AM)michaelsean Wrote: That's not why people are told that. It's math. Now while I'd prefer a refund because it's kind of a forced savings, fiscally it's better to owe if you are a responsible person, and economists generally don't base theory n irresponsible people.
The most fiscally responsible thing to do is base your withholding on the amount you will actually owe and not have any refund or owe anything. It's good for you, because you don't owe and you aren't giving a loan, and it's good for the government as it ensures a steady revenue stream. Liberals like people to get refunds because it makes it seem like they are getting something back with the filing of their taxes, conservatives like people to pay because it makes it more of a burden which makes taxpaying more of a chore overall. That is legitimately why the messaging is what it is on this from the different ideological sides. I have heard this from multiple partisan actors in both private and public discussions.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
