Ryan W. McMaken
April 11, 2013
And an additional 29% “like” it. Why do people enjoy doing their taxes? Well, they get a “refund.” That is, they get back some of their money that the government has been holding interest-free while you work to pay them more. And what if you hold “too much” of your own money and then write the feds a check at the end of the year to cover the short fall? In that case, you probably have to pay them penalties. You see how it works.
We can thank the Great “Libertarian” Milton Friedman for helping the federal government develop tax withholding, an ingenious government scam which helps the feds maximize revenues and hold excess funds interest-free for a time, all the while convincing some people that they’re actually getting some kind of gift from the feds.