04-18-2019, 01:35 PM
(04-18-2019, 11:02 AM)Benton Wrote: No real logic, just my opinion: it always seemed like it was better to owe in that I had those dollars during the year to invest in making more dollars. If I get to the end and get money back, the government kept money that was mine that I could've used to make more money.
But that's just my opinion. I'd rather not pay all the taxes I do.
That's the logic focusing on the good it does you, and that's fine. Most people think primarily in that way. However, the steady revenue stream throughout the year is beneficial for government services and therefore society as a whole. So you reduce the lost opportunity costs by not missing out on investing money you would get as a return, but society as a whole also benefits with minimal additional opportunity costs to you by ensuring your withholding is accurate.
"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
