<< jjm,
That is historically true. Taxes get lowered, then they creep back up. Federal withholding on paychecks should be done away with, and taxes should be paid quarterly by the individual. It is easy to part with a few bucks every 2 weeks, than to write 1 big check every 3 months. >>
Some pundit once suggested that the paycheck withholdings method of tax payment is the key reason the fed. gov't is able to take as much as it does. Too many people look forward to tax time because they may get a refund, and even if they have to pay, it's only a fraction of the total bill, since they've already paid a large sum via withholdings. The pundit thus proposed that withholdings be discontinued, and every American be forced to write a single check every year to Washington. Once the average American figured out how much his/her earnings was actually being taken, tax revolt would begin!