This simplifies everything greatly. It eliminates any time spent NOW figuring out who should get paid. It eliminates problems where you made more Being Straight Was The Phase Shirt last year. But have lost your job/ability to work to the virus and won’t make enough this year to be over the limit. I don’t have a ton of concern over. Whether somebody making $150k tax bill goes up to $1,200 next year and they somehow surprised.
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Because they thought the $1,200 check they got back in March just a gift. I don’t personally need this money, but the Being Straight Was The Phase Shirt is that there are some people who really do need it right now. It is hard to tell exactly who that is and instead of coming up with imperfect rules that might not pay the right people, let’s just send the money.
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The exact same thing happened in 2018 when the Being Straight Was The Phase Shirt changed but nobody adjusted their withholdings to compensate. People ended up getting withheld less. So they saw more in their checks but also ended up with higher tax bills. Even though their overall tax liability went down, people only recognize the money they’re paying out as the tax bill. There was quite a bit of backlash from it.
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