Sergio J. Monreal

Why Millennials Hate Tax-Season More Than Others

Share on Facebook
Tweet this Story
Pin this Image

Posted by Sergio J. Monreal on Friday, February 26th, 2016, 10:44 AM PERMALINK

Political irony is the best irony: while many millennials are flocking to vote for Bernie Sanders, a man who brashly argues in favor of raising taxes, the same constituency seems to fear tax-season. 

USA Today reports “a survey of 1,600 U.S. adults found that 80% of taxpayers’ ages 18-34 (the millennial generation) who filed taxes last year and plan to file this year say they’re fearful about some aspect of preparing their taxes. That’s the highest of all the age groups.

While the average percent of people who fear tax-season in the survey is already high at approximately 70 percent, millennials seem to fear it even more. Maybe millennials are just overreacting; perhaps, FDR’s was right when he said: “all we have to fear is fear itself.” Or, maybe millennials just don’t want a partisan IRS combing through every one of their receipts.

There are some serious reasons why millennials fear tax-season, as the USA Today continues: “Almost a quarter (22%) of those nervous Millennials say their biggest worry is making a mistake on their returns.” As they should, one mistake on your tax forms and you could be audited, jailed, or labeled as a good-for-nothing-tax-dodging-cheat who should be burned at the stake in one of Sanders’ next stump speeches. Who can handle that type of pressure?

The article goes on to say that another big worry for millennials is the fear of “leaving tax-refund money on the table.” No one likes leaving things on tables, especially money. More fears that come with tax-season include fraud, and hacking of personal information from IRS servers.

All is not lost for the millennial generation. Politicians have a prime opportunity to curry favor with millennials (a significant voting bloc now) by working on two specific objectives: simplifying the tax code and lowering taxes. By simplifying the tax code, millennials will not have to worry about making a mistake on their tax returns. As for the fear of “leaving money on the table” with their tax return, the government could simply stop taking money out of their paychecks and let them keep what they earn.

No serious working-American likes paying taxes; it’s a long, complicated, and intrusive process which causes more problems than solutions. If we cannot abolish taxes, lets at least make tax season so easy a child (or a Sanders supporter) can do it.

More from Americans for Tax Reform

Why The Sugar-Tax is So Bitter.

Share on Facebook
Tweet this Story
Pin this Image

Posted by Sergio J. Monreal on Wednesday, February 10th, 2016, 1:08 PM PERMALINK

Governments from all across the world, from Mexico to the United Kingdom to Berkeley, Calif. have made a strong effort to warn its citizens about the dangers of sugary drinks. Some governments have even gone as far as to impose an excise tax on sodas and other drinks in an effort to combat obesity. Let us take a look at this so-called government solution.

Well, firstly, “government solution” is a contradiction. Government seldom has any substantive solutions to any problem. To be clearer, such government “solutions” are more appropriately labeled as something else: a government demand. Many governments will now demand more of your money when you choose to consume a sugary drink. Yes, the “government solution” is in fact a new sugar-tax (to go along with a sales tax, income tax, property tax, air-breathing tax, and so on).

While some government bureaucrats foolishly believe that increasing the price of sugary drinks will decrease people’s appetite, in fact a Tax Foundation study found the opposite:

“Soda and candy taxes do not necessarily decrease caloric intake. One recent study finds that when adolescents switch away from soda due to price increases, the drop in calories is offset by an increase in calories consumed in other food and drink.”

And, yet, confronted with these facts, many will still argue for this flawed “solution”. But who does this tax really hurt? Put simply, low and middle-income families who cannot possibly afford to pay any more taxes (When politicians claim the middle-class is disappearing, they should be reminded that many families have been taxed out of the middle class). Raising the price of everyday goods millions of Americans use, such as certain beverages, can only be referred to as callous government-policy—callous, even for our government.

The government seldom does anything out of the goodness of its heart, so what does it have to gain? Revenue. If only government saw its unrestrained spending and taxing as dangerously as it sees sugary drinks.

We should not expect these types of sugar-taxes to go away any time soon. There is a real demand for the product and as we all know, where consumer demand goes, so does government taxation.

More from Americans for Tax Reform