News for hackers. Stuff that matters.

A comment on Stanford Professor Loses Political Battle To Simplify Tax Filing Process. Parent comment

Re:Stanford Professor Loses Political Battle To Simplify Tax... by antisthenes on Thursday March 30, 2017 @11:49AM (#13996393)
If you receive a huge tax refund from the IRS, that means you set up your initial deductions improperly.

If your sole income is 1 main full time job, it's really not hard to estimate your taxes to the point of having a refund under $500. That way you don't government use you as a bank for 0% interest and have more money throughout the year.

To preempt some of the responses - no, let's not denigrate poor people for their spending habits and pretend like somehow getting the refund is better than having that money during the year.

[ Parent | on HN ]
Re:Stanford Professor Loses Political Battle To Simplify Tax... by basseq on Friday March 31, 2017 @10:09AM (#14003902)
You're not wrong, but we're leaving the world of "logic" here and moving into "politics and optics". Most people can't wrap their heads around, "What do you mean I won't be getting $1,200 in March!? $100 per month? Who wants that!"
[ Parent | on HN ]