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<blockquote data-quote="Werewolf" data-source="post: 1689029" data-attributes="member: 239"><p>LOL!</p><p></p><p>I always get a belly laugh when folks I know pay off their mortgage and are so proud that they now own their home and the property it sets on. If I like 'em I say nothing but if I don't I ask 'em how long they'd "OWN" that house and land if they stopped paying taxes on it. But... But...</p><p></p><p>Another wonderful government boondoggle is tax with holding. Your typical middle class American will, if asked, how much tax did you pay this year acquire a happy face and explain that he paid none and that the government sent him a big refund. I'm always surprised that so few understand that if $10K was witheld and they got back $2k they paid $8k in tax.</p><p></p><p>The government isn't surprised though. It counts on that reaction.</p><p></p><p>Imagine what would happen without with holding and at the end of the year Joe SixPack had to write an $8K cheque to the government.</p><p></p><p>Can anyone say tax revolt?</p></blockquote><p></p>
[QUOTE="Werewolf, post: 1689029, member: 239"] LOL! I always get a belly laugh when folks I know pay off their mortgage and are so proud that they now own their home and the property it sets on. If I like 'em I say nothing but if I don't I ask 'em how long they'd "OWN" that house and land if they stopped paying taxes on it. But... But... Another wonderful government boondoggle is tax with holding. Your typical middle class American will, if asked, how much tax did you pay this year acquire a happy face and explain that he paid none and that the government sent him a big refund. I'm always surprised that so few understand that if $10K was witheld and they got back $2k they paid $8k in tax. The government isn't surprised though. It counts on that reaction. Imagine what would happen without with holding and at the end of the year Joe SixPack had to write an $8K cheque to the government. Can anyone say tax revolt? [/QUOTE]
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