That will never work. There are millions of idiots out there that don’t pay attention to how much is withheld, and gladly give the government an interest free loan, every year. These are the people that then giggle with glee when they get a huge refund, never understanding that it was their error and that they overpaid in the first place. They believe that the refund is like an “extra payday” or something. They actually make hypothetical plans about how they will spend next year’s refund, like buying a new fridge or paying for a vacation. They plan their own budgets based upon faulty understanding of how they could have saved themselves the higher tax bill in the first place.
Well said!