To Pay Tax or Not to Pay Tax: That Is The Question

Authors

Tina N. Barrett, University of Nebraska-LincolnFollow

Date of this Version

2013

Citation

Cornhusker Economics (September 18, 2013)

Comments

Published by University of Nebraska–Lincoln Extension, Institute of Agriculture & Natural Resources, Department of Agricultural Economics. Copyright © [2013] Board of Regents, University of Nebraska. http://agecon.unl.edu/cornhuskereconomics

Abstract

That’s actually a pretty silly question, right? Who wants to pay taxes? I rarely hear of anyone who thinks they don’t already pay enough income tax, although I did hear a story of a woman who sent an extra $250 in with a note that she’d like to help with the national debt, only to have the Internal Revenue Service (IRS) return it, saying they couldn’t process extra money! It’s still not surprising they don’t include an extra line for “voluntary additional tax” on the Form 1040.