While this might be correct, I disagree with this as a philosophy.
A) most people in this country don’t have cash reserves to pay an underpaid tax bill.
B) most people don’t have the investment acumen to properly invest monies not withheld on taxes to benefit from not paying as much on their income.
C) They just spend the money because most Americans live paycheck to paycheck, and because A and B.
So for most people I would say that judicious overpayment of tax on the W4 resulting in a minor or modest tax refund is probably better all-around. That money will go right back into the economy or pay off some debt.
It also shields you from human error, the IRS already knows what your taxable income is (assuming your employer correctly withholds it for you). Its much less stress to file with an error in your favor than in theirs. If you own them they will hunt you to the ends of the earth and make you resolve it, but if they owe you they just send you a check and call it a day.
here in Mexico there’s an app and website from Hacienda (Treasury) they calculate your tax return automatically. I tried it 2 years ago and they’re still working on “returning” my taxes
I got a notice this year that I got about $95 in interest from over paying taxes. It’s the first time I’ve gotten something like that, I don’t remember if it was state (CA) or fed.
You could have just estimated your income taxes ahead of time and saved enough to pay it before the due date, but why risk jailtime when there is automatic tax withholding available to you?
It’s worse when you’re operating a business and you have to pay quarterly estimated taxes.
Eh, you generally don’t get jail time for late payment. Tax agencies are more interested in getting the money than putting people in jail and people don’t make money to pay off what they owe when they’re in jail.
You get charged interest for late payment, but it’s at a very reasonable rate. The government can borrow money at better interest rate than is available to most people after all.
The big no-no is lying on your tax forms. That’s something they might put you in jail for. But even then they’re likely to prefer fines over jail time. Because they want that money.
People that go to jail are either Al Capone who the government just wants to get for anything, or people that continuously try to defraud the government on their tax forms. Sometimes it’s people who straight up refuse to pay their taxes, but even then they’ll try to garnish their wages to get the money. But if that mechanism isn’t available, then that can result in jail time.
I think aliens would be horrified by so many things we do (or don't do!) that wearing an entertainment device on your face wouldn't even break the top 100.
ETA: The guy in the cyber truck though. That might get shown as an example in some of the other items in their list.
The gym one is a pretty solid idea, I dig it. The others feel like they were done for the memes (the gym one probably was too, but definitely the guy crossing the street).
I can imagine having a tutorial on how to hold and move your hands floating in space right next to the grip could be pretty nice for beginners. Or just make the boring exercise more interesting by watching some form of entertainment.
Transit is also fine. They’re not getting in anyone’s way or risking anyone’s harm.
Walking is actually one major use case for the future. Imagine walking somewhere and having turn by turn directions provided for you. The issue with this person is that they stopped in the middle of the road to adjust something on their screen. Also, I don’t think walking directions is even a feature yet.
There’s obviously something already wrong with the Cyber Truck driver. I mean… they bought a Cyber Truck.
I mean, you’re not wrong. When I’m navigating though, I hate having to hold my phone out, while constantly looking down. If I had a less intrusive, but also way less obvious set of glasses, to just point out directions as I look around and see the world around me, I would be happier. Especially when going somewhere new. That said, these goggles aren’t the answer yet.
Does it matter? Tesla requires you to still keep your hands on the wheel and pay attention, and not everyone will know that they are using autopilot, and considering she’s driving a cybertruck which is bulletproof and durable as shit, imagine what would happen if the autopilot stopped working for some reason and she didn’t know.
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