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Americans Are Delaying Health Care Until Tax Refunds Arrive

bloomberg.com

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Re: Americans Are Delaying Health Care Until Tax Refunds Arrive

#2
This is insane given that the executive branch has been jiggering around with the withholding amounts for the entire year. Yes, you probably paid slightly less in tax during the year, but unless you were paying attention to your federal withholding, you're probably in for a shock with your federal return.

Re: Americans Are Delaying Health Care Until Tax Refunds Arrive

#3

This is insane given that the executive branch has been jiggering around with the withholding amounts for the entire year. Yes, you probably paid slightly less in tax during the year, but unless you were paying attention to your federal withholding, you're probably in for a shock with your federal return.

The solution to people’s inability to save is not for the government to hold their money hostage.

Re: Americans Are Delaying Health Care Until Tax Refunds Arrive

#4

This is insane given that the executive branch has been jiggering around with the withholding amounts for the entire year. Yes, you probably paid slightly less in tax during the year, but unless you were paying attention to your federal withholding, you're probably in for a shock with your federal return.

The solution to people’s inability to save is not for the government to hold their money hostage.

Indeed. I always aim to get no refund or to owe. There is no good reason to give the government an interest-free loan with your own money.

Re: Americans Are Delaying Health Care Until Tax Refunds Arrive

#5

This is insane given that the executive branch has been jiggering around with the withholding amounts for the entire year. Yes, you probably paid slightly less in tax during the year, but unless you were paying attention to your federal withholding, you're probably in for a shock with your federal return.

The solution to people’s inability to save is not for the government to hold their money hostage.

Except that is literally the solution, witness superannuation plans and social security systems around the world.

Re: Americans Are Delaying Health Care Until Tax Refunds Arrive

#6

Earlier quoted context omitted.

The solution to people’s inability to save is not for the government to hold their money hostage.

Except that is literally the solution, witness superannuation plans and social security systems around the world.

Not a big fan of those either, but at least give access to invest the funds in a savings account or the market. I’d rather we teach some basic finance and civic responsibility in school.

Re: Americans Are Delaying Health Care Until Tax Refunds Arrive

#7

This is insane given that the executive branch has been jiggering around with the withholding amounts for the entire year. Yes, you probably paid slightly less in tax during the year, but unless you were paying attention to your federal withholding, you're probably in for a shock with your federal return.

The solution to people’s inability to save is not for the government to hold their money hostage.

You can adjust your tax withholdings to reduce your refund. I personally aim to minimize my bill or refund.
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