Americans Are Delaying Health Care Until Tax Refunds Arrive

Post by azeotropic » Sat, Apr 13, 2019, 6:56 PM UTC

ip26 wrote: post #29

throw0101a wrote: post #17

Earlier quoted context omitted.

> The solution to people’s inability to save is not for the government to hold their money hostage. Meanwhile, in the real world where the left-hand side of the Bell curve exists, and where many people have poor impulse control, that actually is the solution to some people's inability to save. Heck, as a student I worked in a union shop where this was actually baked into the collective agreement because of past exper…

But wouldn't we all be more free, really , if we just gave everyone enough rope to hang themselves & then locked up the left-hand side of the bell curve in debtor's prison?

Post by jfim » Sat, Apr 13, 2019, 6:59 PM UTC

empath75 wrote: post #18

wsdfsayy wrote: post #15

Earlier quoted context omitted.

Anyone living in a state with high income and/or property taxes will likely pay more this year given the $10k cap on deductions for state and local taxes which was previously unlimited before the 2018 tax year...

Anyone who pays 10k in state taxes is going to be well into the top 10% of incomes.

Post by paulddraper » Sat, Apr 13, 2019, 6:59 PM UTC

jaggederest wrote: post #5

lotsofpulp wrote: post #3

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.

Post by wutbrodo » Sat, Apr 13, 2019, 7:00 PM UTC

ip26 wrote: post #27

mises wrote: post #14

Withholding is an awful idea designed to favor the government over the taxpayer and to psychologically soften the blow of the ridiculous tax rates we pay. It's especially bad with mandatory withholding by the employer. It shouldn't happen. Taxpayers ought to figure out how much they owe and write the check for it at once. This is especially true since consumers can't invest that income or get interest on it: I could…

I feel similarly about incomes; employers ought to write a single check all at once. You get paid on Jan 1st and that's it. Perhaps as a stretch goal we can aim for decennial paychecks. In seriousness, a steady flow instead of a lump sum has benefits for both sides of the transaction. For example, I shudder to imagine what shopping sprees politicians might engage in, were they bequeathed with the nation's entire year…

Post by ip26 » Sat, Apr 13, 2019, 7:03 PM UTC

wutbrodo wrote: post #37

ip26 wrote: post #27

Earlier quoted context omitted.

I feel similarly about incomes; employers ought to write a single check all at once. You get paid on Jan 1st and that's it. Perhaps as a stretch goal we can aim for decennial paychecks. In seriousness, a steady flow instead of a lump sum has benefits for both sides of the transaction. For example, I shudder to imagine what shopping sprees politicians might engage in, were they bequeathed with the nation's entire year…

> For example, I shudder to imagine what shopping sprees politicians might engage in, were they bequeathed with the nation's entire yearly budget in one day! The USG has more flexibility with spending relative to liquid resources than pretty much any entity in the world. I can assure that having tax receipts directly in the bank has nothing to do with the way we spend and would have even less to do with the psycholog…