SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Clinton's Scandals: Is this corruption the worst ever? -- Ignore unavailable to you. Want to Upgrade?


To: Bill Grant who wrote (2256)8/20/1998 1:04:00 PM
From: j_b  Read Replies (2) | Respond to of 13994
 
<< Respectfully disagree. With a paycheck, the difference between gross and net is very clear. The fact that you pay .25 rather than .22 for a pack of gum is nowhere near as dramatic.>>

You would think so, but experience as a tax preparer (one of the joys of being a CPA <g>) shows me that the typical person considers their tax burden to be the amount they send in with their return, not the total actually paid. For example, when people get a refund, they are happy because they are getting money back. However, they would have actually been better off owing money with their return - they would have had the use of the money during the year - but they don't see it that way.

Psychology is a strange thing - as can be seen by any political discussion, logic and rationality have very little to do with anything. Perception is far more important than reality.



To: Bill Grant who wrote (2256)8/20/1998 4:34:00 PM
From: The Philosopher  Respond to of 13994
 
Being in a state with a sales tax, I can tell you it's VERY visible. My kids go into the store with some money, decide what they can afford, go the counter to buy it, and find that with the tax they don't have enough and have to put something back. Believe me, it makes an impression they DO NOT forget! I see the tax every time I buy something. I see the increase in tax instantly and very visibly.