I'm not dead yet, not by a long-shot, so this morning I sat down to do my taxes. I generally wait until the last minute, and with the deadline being Monday, May 17th, this is early for me. I procrastinate because I know I owe them money. No refund for PawPaw. Bell and I are comfortable, but looking at my tax return I am appalled at how much money I am hit for each year. I am fully retired, and Belle is semi-retired, and our tax burden is north of $15K,, I am also appalled at what the past administrations have done with my money. Make no mistake, biden is spending like a drunken sailor, but Trump wasn't much better..
To my mind, the greatest disservice the United States ever played on the population was withholding for income taxes. You miss a little bit out of each check, but many people use it like an old Christmas Club account. They expect money back at the end of the year that they can use for luxuries or projects. If every American taxpayer had to sit down each quarter, do his taxes and send the government a check, the outrage would be immediate and deafening. It would put every American in the mindset of what Government Money really looks like.
My taxes are done, and filed. I'll write then a check on Monday, because I understand a concept known as "present value".