Several controlled studies in behavioral economics have demonstrated that people are willing to pay more than $1 in total costs to avoid paying $1 in taxes. I saw it in my own household growing up as my Dad got talked into a few tax shelters by his "full service" broker that performed terribly. Fortunately not a big portion of his investments. And I see examples of it crop up here quite frequently. People are very tax adverse to the point of irrationality, especially once in retirement.
Statistics: Posted by MnD — Sat Feb 01, 2025 5:38 pm