My View on the issue of the week: tea parties

[rmathis]

So I've put a lot of thought into the tea party thing, and while I liked the video they put out on Youtube, I don't really agree with a lot of the stuff people are talking about, nor do I even agree with a lot of the principles they're talking about.

So what is up with the issue of the week? Why does everyone want to commit themselves to cause now

Comments

[sitesmithscott]

Totally aggree with you Rich. I've got a couple of friends here that compain about a similar tax situation. Mine balances out at the end of the year normally and I was in a higher tax bracket than them. They are in a lower bracket and have someone how setup up their taxes so they have to pay in at the end of the year but don't understand it is because they are paying less in they should and thus have more control. They don't want control though, they don't want to have to scramble at the end of the eyar to come up extra funds INSTEAD of either figuring their deductions right or doing a little math, find out what they are going to owe and set that money aside each month into savings to draw interest. They don't understand that you can figure your taxes ahead of time if you know your income isn't going to change dramatically. Taxes are easy, it just requires effort.

If I wasn't lazy (and if there wasn't a penalty for doing so), I'd have it set so that no tax comes out and the amount each month that would normally come out would go to a savings account to draw interest. Then come tax time, (and you'd wait until April just to get 4 more months of interest) you pulled the money out to pay your taxes and you'd have mabye a couple hundred dollars of interest from the savings.

[rmathis]

Well you can definitely push the envelope on how little you pay to the government throughout the year, but yeah, you have to be careful or end up paying a penalty. But thats part of the whole point of "gaming" the tax system, they'll gladly hold your money hostage throughout the year and give it back to you like they've done "you" a favor, no problem with doing the reverse a bit and getting the interest yourself.