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Leon On September 16, 2019




San Diego, California
#1New Post! Apr 10, 2019 @ 01:35:22
So one of the few rare times of bipartisanship, Congress is set to pass a tax reform law that bans the IRS from providing direct free online services that help individuals fill out and file their taxes.

Yes, BAN, you read that correctly. This means that you must continue to file taxes via a third party online service or do the whole thing yourself manually.

The reason for this is because tax firms such as H&R Block complained to our elected representatives via corporate lobbying (or, in other words, bribery) that the public option of having the IRS help you for free would take a huge massive chunk out of their bottom line, even though the law says they must offer their service for free to those who make below a certain income threshold as well.

f*** you Congress. f*** you H&R Block. In an age where hacking and identity theft is rampant, the last thing I want to do is sign up for and entrust third party companies with my, my wife’s, and my son’s, social security number, employment, and income details just because my elected rep got diddled. I’ll just do the whole damn thing myself instead, thank you.
Delta62 On August 10, 2019
Natural asshole





manchester, United Kingdom
#2New Post! Apr 10, 2019 @ 03:17:52
Your tax system confuses the hell out of me.
For example in the UK the first 11k, not sure on exact figure could either be 11,500 or 12,000 not sure which but let's just say the former rather than the latter, isn't taxed.
Let's say you earned 20,000 the amount of tax you pay is 20%, which is the basic rate, the monetary amount of tax you would pay would be worked out as such:

20,000-11,500×0.2 = 1,700 + NI contributions-20,000 = 16,881

Or there abouts, there an idiot proof explanation and examples of how the f*** your taxes work.
mrmhead On about 1 hour ago




NE, Ohio
#3New Post! Apr 10, 2019 @ 11:41:52
@Leon Said

So one of the few rare times of bipartisanship, Congress is set to pass a tax reform law that bans the IRS from providing direct free online services that help individuals fill out and file their taxes.

Yes, BAN, you read that correctly. This means that you must continue to file taxes via a third party online service or do the whole thing yourself manually.

The reason for this is because tax firms such as H&R Block complained to our elected representatives via corporate lobbying (or, in other words, bribery) that the public option of having the IRS help you for free would take a huge massive chunk out of their bottom line, even though the law says they must offer their service for free to those who make below a certain income threshold as well.

f*** you Congress. f*** you H&R Block. In an age where hacking and identity theft is rampant, the last thing I want to do is sign up for and entrust third party companies with my, my wife’s, and my son’s, social security number, employment, and income details just because my elected rep got diddled. I’ll just do the whole damn thing myself instead, thank you.


The Gov ain't much better at protecting your information.
But I agree - it's an FU to the public.

And without a free option, H&R and their ilk can start pushing up prices on their products.
Leon On September 16, 2019




San Diego, California
#4New Post! Apr 10, 2019 @ 14:49:52
@Delta62 Said

Your tax system confuses the hell out of me.
For example in the UK the first 11k, not sure on exact figure could either be 11,500 or 12,000 not sure which but let's just say the former rather than the latter, isn't taxed.
Let's say you earned 20,000 the amount of tax you pay is 20%, which is the basic rate, the monetary amount of tax you would pay would be worked out as such:

20,000-11,500×0.2 = 1,700 + NI contributions-20,000 = 16,881

Or there abouts, there an idiot proof explanation and examples of how the f*** your taxes work.


What does NI stand for?
Leon On September 16, 2019




San Diego, California
#5New Post! Apr 10, 2019 @ 14:55:05
@mrmhead Said

The Gov ain't much better at protecting your information.
But I agree - it's an FU to the public.

And without a free option, H&R and their ilk can start pushing up prices on their products.


Well the IRS is getting our information anyways, regardless of how we file, so we have no choice there. But I’m not about to double my risk by also giving it to a private party.

So I’ll just continue doing it myself as I have been. It would have been nice to have that free service from the IRS though, as my taxes get more and more complex every year, even with the Trump tax reform.

And, yes, I also do it right away at the end of January when I receive the W-2s to better avoid ID fraud.

Other things I’ve done/do is freeze my credit account with all three major credit agencies, as well as my wife’s and even 2 year old son’s, pay for everything using Apple Pay instead of a physical card when I can, never answer calls or texts from unidentifiable numbers, and change all my online passwords every three months.
Delta62 On August 10, 2019
Natural asshole





manchester, United Kingdom
#6New Post! Apr 10, 2019 @ 22:01:50
@Leon Said

What does NI stand for?



National insurance
Leon On September 16, 2019




San Diego, California
#7New Post! Apr 10, 2019 @ 22:09:01
@Delta62 Said

National insurance


Your formula isn’t making sense at all then. According to it, you are paying 35,181 to National insurance.
DiscordTiger On about 8 hours ago
The Queen of Random

Administrator




Emerald City, United States (g
#8New Post! Apr 10, 2019 @ 23:59:48
the new W-4 form also seems bats***. I dont want to disclose all that s*** to my employer.

Though to be honest if it wasn't for potential lifelong access to healthcare insurance with this stupid job, I'd say "f*** it" and quit.

ok the job isn't so bad, the manager is.
Delta62 On August 10, 2019
Natural asshole





manchester, United Kingdom
#9New Post! Apr 11, 2019 @ 02:22:11
@Leon Said

Your formula isn’t making sense at all then. According to it, you are paying 35,181 to National insurance.


This is how it broke down on the calculator I used:

Gross Wage£20,000
National Insurance £1,420
Take Home Pay £16,881
Tax Free Allowance £11,509
Tax Paid £1,698
Taxable Wage £8,491

future research
Leon On September 16, 2019




San Diego, California
#10New Post! Apr 11, 2019 @ 15:04:34
@Delta62 Said

This is how it broke down on the calculator I used:

Gross Wage£20,000
National Insurance £1,420
Take Home Pay £16,881
Tax Free Allowance £11,509
Tax Paid £1,698
Taxable Wage £8,491

future research


Got it now. Thanks for clearing it up.

And I agree. As much as you guys are taxed, it’s amazing how simplistic it seems.

I think our system isn’t so much how little we are taxed, although it IS less than what you pay, but how much individuals here can successfully try and twist and turn to squeeze out as much as we can from paying the standard amount.
mrmhead On about 1 hour ago




NE, Ohio
#11New Post! Apr 11, 2019 @ 16:04:13
@Leon Said

Got it now. Thanks for clearing it up.

And I agree. As much as you guys are taxed, it’s amazing how simplistic it seems.

I think our system isn’t so much how little we are taxed, although it IS less than what you pay, but how much individuals here can successfully try and twist and turn to squeeze out as much as we can from paying the standard amount.


... and then complain about the poor or lack of services available, crumbling infrastructure, low rate of pay for gov't workers, diminishing subsidies and entitlements...
Leon On September 16, 2019




San Diego, California
#12New Post! Apr 11, 2019 @ 16:11:09
@mrmhead Said

... and then complain about the poor or lack of services available, crumbling infrastructure, low rate of pay for gov't workers, diminishing subsidies and entitlements...


I have always just taken the standard deduction, even before it doubled this year. After all, I do my own taxes and I don’t want to spend 48 hours trying to itemize everything possible.

I will itemize for my state taxes though, but just for the property tax and mortgage deductions. Our state taxes are too high to begin with, and I will end up owing too much if I don’t. And I don’t feel guilty with our projected 15-20 billion surplus this fiscal year.
chaski On about 2 hours ago
Stalker





Tree at Floydgirrl's Window,
#13New Post! Apr 11, 2019 @ 16:44:57
I'm a believer in a federal sales tax for all... people, corporations... citizens, non-citizens. If you buy stuff, you are taxed. You don't want to pay taxes, don't buy stuff.

Is it double taxing if a business buys stuff and pays taxes on it, and when someone buys their products they pay tax "again"? Maybe, but I don't care.

You buy >>> you are taxed.

No exemptions, no loop holes... everyone pays taxes for whatever they buy.

No forms, no auditors, no turbotax, no argument over a politician's taxes filings... the lion share of money laundering would disappear... etc

Get rid of all the other tax filing nonsense.
mrmhead On about 1 hour ago




NE, Ohio
#14New Post! Apr 11, 2019 @ 16:51:21
@chaski Said

I'm a believer in a federal sales tax for all... people, corporations... citizens, non-citizens. If you buy stuff, you are taxed. You don't want to pay taxes, don't buy stuff.

Is it double taxing if a business buys stuff and pays taxes on it, and when someone buys their products they pay tax "again"? Maybe, but I don't care.

You buy >>> you are taxed.

No exemptions, no loop holes... everyone pays taxes for whatever they buy.

No forms, no auditors, no turbotax, no argument over a politician's taxes filings... the lion share of money laundering would disappear... etc

Get rid of all the other tax filing nonsense.


OMG!!
All those lawyers and tax accountants will be out of a job and on the unemployment lines.
chaski On about 2 hours ago
Stalker





Tree at Floydgirrl's Window,
#15New Post! Apr 11, 2019 @ 17:09:29
@mrmhead Said

OMG!!
All those lawyers and tax accountants will be out of a job and on the unemployment lines.



Yep

And the IRS would be reduced to about one tenth its present size... or even done away with completely.

Think of the savings on head aches, anxiety, tax dollars... arguments between politicians... etc... etc.

PS
I talked to my former accountant, who actually gave me this idea and had all the supporting arguments layed out.

I asked him if it would hurt him to not have the business. His reply was, "Nope. Most good tax accountants make their money as either auditors and/or financial advisors. The money I make from taxes is my beer money."
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