Please Pay Here

You work at Burger King. It’s pay day Friday. Every two weeks, you earn $500. This BK pays in CASH. No withholding! That doesn’t mean you won’t be paying taxes. As you exit the building, there is a small booth where the IRS will look over your Cash, and take what it needs. Luckily, they have a fancy formula so you won’t get screwed more then the other BK Lounge workers. They need $100 from your pay. Now they hand you back your money, all $400 of it.

If this is how we paid taxes in America, there would be a revolt. But lucky for us, our politicians gave themselves the gift of Whithholding. You can learn more about withholding here: www.cato.org/pubs/journal/cj14n3-1.html

Pay attention to that pay stub! And make sure your W-4s are in order!

Chris Spangle is the host of the Chris Spangle Show, History of Modern Politics, and Liberty Explained, podcasts on the We Are Libertarians Podcast Network. He is also the co-host of the Patdown podcast, a comedy podcast with comedians Ms. Pat and Deon Curry. Chris Spangle has been podcasting since 2007, and now teaches podcasting at PodcastingAndPlatforms.com. He also hosts the public affairs radio show “We Thought You Might Like To Know...” on Indiana radio stations which focuses on nonprofits.

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