fantasyfacts

This is the kind of feel-good nonsense that people tell themselves. But anyone who has actually dealt with poor people who live paycheck to paycheck knows they are not good at budgeting and planning. Many of them literally have the mentality of spending their entire paycheck. Whatever is left over after expenses is fun to be had as soon as possible.

And if tax withholding laws changed to err on the side of under-withholding for poor people, those people would disproportionately fail to be able to pay their taxes when the time comes.