Quote:
Originally posted by Mmmm, Burger (C.J.)
Are you reading my answers? You get a statement from your checking adn savings account each month, right? If you have a line for withdrawals, that's a pretty good way to figure out what your tax is, when withdrawals are taxed.
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Yes, I have a line for withdrawals.
Many of those are for investments. Others are for food, mortgage, etc. -- are we taxing all of that stuff?
And waiting to the end of the month is an absolutely brilliant plan. Because we can safely assume that people will have enough money in their checking accounts each and every month to cover the tax withholding, right?
When the gov't withholds on paychecks, they are withholding before money is spent -- you never see the withheld amount. The system you suggest turns this, and logic, onits head.
As I said to fringe -- the banks will love this. More bounced checks, more fees.
