TAXING QUESTIONS….Glenn Reynolds is apparently collecting stories from people who are doing their taxes and discovering that they’ve saved lots of money due to the Bush tax cut. Hooray for George!
I’ll refrain from the usual tedious analysis of deficits and marginal rates and so forth and just ask a couple of questions:
Who the heck are these weirdos who have their taxes finished by the middle of January?
How do they know how much they’ve saved? Do they save their old tax worksheets and do the calculations twice? Does tax software these days have popups that extol the virtues of the tax cut? Do the IRS worksheets themselves have a line item for amount saved?
What’s going on here, anyway?