Stupid Taxes

[Xist]

I think it was the knowing better channel on YouTube that pointed out that for everything else, the government automatically decides how much we owe. He thought it would be cheaper for the IRS to just figure this out on their own instead of randomly checking us.

[redpoint5]

How many other instances does someone send you a bill, tell you to figure out if it's right, and then threaten you if you've done it wrong?

[freebeard]

It makes me want to succeed secede the Union every year.

Secede?

When will you tolerate people capitalizing proper nouns?

Using strikethrough instead of flat-out editing the post preserves the flow of the conversation.

Insisting on the affectation of capitalizing proper nouns is, however, bonkers.

How many other instances does someone send you a bill, tell you to figure out if it's right, and then threaten you if you've done it wrong?

Businesses pay tax on their net income, people pay taxes on their gross income. Reconcile that.

[Xist]

Bonkers was a good cartoon.

Good point on net versus gross.

[jamesqf]

Originally Posted by freebeard

At what point do you stop calling the President 'Turnip'?

When he demonstrates that he's more intelligent than the average turnip? *

As far as taxes go, I had mine finished back in February. I think the total wound up about the same as other years, but being self-employed with varying income, it's hard to compare. For me, the process was more difficult: instead of one long 1040 to fill out, there was a shorter one with a lot of things moved to new schedules, so more work overall for me, though maybe not for someone with just W2 income and standard deduction.

*PS: Not long after posting this, I saw news reports of his suggestion of water bombers for the Notre Dame Cathedral fire. Turnips are still ahead :-(

[freebeard]

I did not get that cultural reference.

Consider for a moment the masterful troll — shipping border jumpers to the sanctuary cities. That's not brilliant? Win-win? All you get right now is sputtering and fuming, but as soon as the various cities state how many they are willing to accept we'll see how it goes.

What I like about it is that people plucked out of the jungles of Hondoras are probably better equipped than the natives to survive in the [failed] cities like San Francisco and Chicago.

Keeping red states red is just a bonus.

[Hersbird]

We pay less in federal taxes this year than last with a slightly higher income. No other changes that would effect it except the change in federal tax laws. It also was much easier to file as we just took the standard deduction where we used to have to itemize. It took literally 10 mins and was free to do on H&R block including electronic refund switch came about 5 days later. I'm very happy with the new tax law. My state on the other hand stinks. I now pay more state income tax than federal. Add in property taxes and vehicle taxes, and on a local and state level I pay probably 1.5 times more total even after adding payroll taxes to the federal side.

All in all about 20% total of my earnings go to taxes directly from me. I read here the national average is more like 24% so I guess it could be worse. I just wonder why I'm so high on the state side considering I'm probaly $4000 under the average federal income tax payment. Now add in the added cost of goods because those who supply me have to pay, and how much less I make because what employers have to pay and it gets baffling how some think we should all pay more.

https://www.google.com/url?sa=t&sour...o14IA1&ampcf=1

[roosterk0031]

Sign me up for the Fair Tax.

The not having to itemize Federal is a good first step, state need to do the same for the majority of us.

[redpoint5]

I owe $2,800 this year in federal for a grand total of $22,400. Taxes done... countdown to extreme aggravation reset for another 365 days.

[wdb]

Originally Posted by oil pan 4

Trump wanted to do flat tax and got shut down.

Flat tax is not a new idea. For example Reagan said the tax form should fit on a 3x5 index card.

It will never ever fly though because then where would investment bankers hide their carry forward loophole. And so on.