Everybody should have to write a check for their taxes, not a payrole deduction. Once you actually see how much money you do not get, there will be changes.
2006-11-22 03:42:28 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
The problem with that is that people wouldn't write the checks. Then the government would really go broke. That's why it is done through payroll deductions.
2006-11-22 03:50:13 · answer #1 · answered by Aggie80 5 · 1⤊ 0⤋
Trust me, it is better the way it is. While, I agree, most people do not realize how much they actually pay each year in taxes, getting people to write that big check every month or year would prove disasterous. Your taxes would actually go up because a substantial number of people would not pay their taxes and the government would have to borrow more money to cover the shortfall.
2006-11-22 03:51:40 · answer #2 · answered by Wayne Z 7 · 1⤊ 0⤋
No.
Currently your employer has the responsibility to send necessary deposits to the IRS, State, etc. As part of this responsibility they are punishable if the deposits are not made. For instance if the employer fails to file the proper forms (form 941, 940 etc) they can face criminal punishment including jail time. If they fail to actually make the deposits they may face civil penalties that can cost thousands of dollars.
Would you like to be the one held accountable for filing the forms and making the deposits?
It is a lot less hassle on all sides for individuals not to be responsible for witholdings.
2006-11-22 04:35:10 · answer #3 · answered by andjuw 2 · 1⤊ 0⤋
I have to agree with the previous responses. If we didn't do it this way the government would have no money to work with.
I think it is a very sad situation that people don't realize how much is not in their paychecks because of those deductions.
2006-11-22 04:05:58 · answer #4 · answered by nova_queen_28 7 · 1⤊ 0⤋
The government has too much of our money already. If the fed kept to the functions allowed by the consitution excise on corporate taxes would provide all the money needed. It's the creation and uncontrolled growth of the nanny state that requires so much cash. I vote for elimination of W/H taxes!
2006-11-22 04:42:11 · answer #5 · answered by daoco 4 · 0⤊ 1⤋
For convenience,yes. In reality,if your employer collects the tax money and then does not turn it over to the IRS,you are still responsible for paying the full amount of the taxes.
Your employer collects interest on your taxes because they deposit the money in IRS accounts as late as possible.Some companies still deposit the money quarterly ,that gives them 3 months of free money to collect interest on.
2006-11-22 11:33:23 · answer #6 · answered by Ralph T 7 · 0⤊ 0⤋