Does anyone else hate taxes?

[mooby]

Originally Posted by Schneed10

Taxes come somewhat naturally to me because I'm a financial analyst by trade, but it still takes me a good 3 hours to go through my return and make sure I'm understanding all of it.

But I have to give kudos to Obama, my refund was $800 larger than it otherwise would have been, thanks to the Making Work Pay credit. Same for all of you married folks out there, you single folks saw a $400 boost.

Sometimes the complicated stuff actually goes your way.

I don't know about anybody else but I love my taxes. Maybe it's cuz the last two years I've gotten a nice sized check back but I look forward to gettin my W2's haha. And I was definitely happy I got that Making Work Pay credit as well, it doubled my return this year. Doing taxes whether through paper or Turbotax for my feds these last three years has been real easy for me, probably because I file single and don't have to worry about all those variables that most people do, but I like it when it's simple like that. I'm not looking forward to the days where I have to hire someone to do mine for me because it's too complicated for me to understand lol.

[budw38]

Senator Charles E. Schumer .... Cato Launches New Web Site Exposing Wasteful Government Spending | Cato @ Liberty

[mlmdub130]

taxes are the bain of my existance, running your own bussiness is a real bitch when it comes to taxes, last year i had to wire a check to the state of va for $1, one fucking dollar, it had to have cost the state over $500 to process my $1, the government blows my mind sometimes

[firstdown]

Originally Posted by mlmdub130

taxes are the bain of my existance, running your own bussiness is a real bitch when it comes to taxes, last year i had to wire a check to the state of va for $1, one fucking dollar, it had to have cost the state over $500 to process my $1, the government blows my mind sometimes

I have sent checks to Va Unemployment for less then the stamp used to mail them. About twice a year i get a letter tellin me I owe them like $5,000 because they screw up and apply my payroll taxes to the wrong quarter. I then have to spend 1/2 hour on hold for them to say OK we found our mistake and will get it corrected. Then there is a good chance I will receive another bill saying I owe a interest on this mistake. So there goes another 1/2 hour on the phone with them. I will give my CPA credit she explain to us how we could have a board meeting in Mexico. Your allowed one a year and we both are the only two board members so why not and we did talk about business a few times. Her saying is "The IRS might not like it but there is nothing they can do about it". Another words it pushing the rules but its within the rules so ther is nothing they can do about it.

[GMScud]

Originally Posted by firstdown

I have sent checks to Va Unemployment for less then the stamp used to mail them. About twice a year i get a letter tellin me I owe them like $5,000 because they screw up and apply my payroll taxes to the wrong quarter. I then have to spend 1/2 hour on hold for them to say OK we found our mistake and will get it corrected. Then there is a good chance I will receive another bill saying I owe a interest on this mistake. So there goes another 1/2 hour on the phone with them. I will give my CPA credit she did write off our honeymoon as corporate board meeting. Your allowed one a year and we both are the only two board members so why not and we did talk about business a few times. Her saying is "The IRS might not like it but there is nothing they can do about it". Another words it pushing the rules but its within the rules so ther is nothing they can do about it.

Umm, maybe too much info?

[Dirtbag59]

I remember taking income tax in college. God that was a horrible class. I could never figure out how to deduct for hobbies or businesses. In fact that class is part of the reason I changed my major.

[mlmpetert]

Originally Posted by Dirtbag359

I remember taking income tax in college. God that was a horrible class. I could never figure out how to deduct for hobbies or businesses. In fact that class is part of the reason I changed my major.

Read my first post, the whole business vs hobby rules made a lasting impact in my perception of our government.

I was also originally a accounting major but i was going to graduate right around the cut off to qualify to sit for the CPA with just a undergraduate degree (now you have to have 150 credit hours). One of the worst mistakes ive ever made, i really loved accounting back in the day and wish i just went ahead with it. I would have missed the cutoff by 2 classes, but i ended up graduating with a whole lot more then just the 120 i thought i was gonna have. Hindsight usually sucks.....

[mlmpetert]

Obviously most people here are gonna be against an internet tax, but whats your reasoning for being anti-internet tax?

http://www.foxnews.com/politics/2013...ent-tax-email/

As the article notes, your property is taxed, your income is taxed, your investments are taxed; so should your emails/bit use be taxed?

If you are anti-internet tax, are you also anti-property or income or investment taxes as well? If not, why?

Im thinking we will see an internet tax of some sort within 15 years. A transparent tax would be too difficult to put into action and too cumbersome to collect on. My guess is that we will see a VAT/excise style of tax thats tiered and is enforced at the internet service provider level.

If history prevails, initially only the top users of the internet will be subject to the tax, although one can only assume it will be applied to smaller users as time goes on.

I suspect once the government has a financial interest in the internet, it will also become easier for them to justify the use of regulation to protect those interest. Kind of like federal highway laws and regulations applied to reimbursements from taxes, except in this case they could be called federal “information highway” regulations.

Finally i suspect, certain users (large corporations) will in time get tax credits that are linked to internet costs/taxes (think GE or big oil with the tax credits they are entitled to now).

I think the saying goes, if its moving tax it, if its still moving regulate it, once it stops moving subsidize it.

Your thoughts?

[Daseal]

Found this article today, and it's pretty interesting. How TurboTax has been lobbying hard to keep from the automated type of tax filing many other countries see.

Personally, I'd love to see something like England where you get basically a tax code, everything comes directly out of the check. If you get overcharged, you can get it back, if you get undercharged, the gov't sucks it up.

How the maker of TurboTax fought free, simple tax filing | Ars Technica

[mlmpetert]

Originally Posted by Daseal

Found this article today, and it's pretty interesting. How TurboTax has been lobbying hard to keep from the automated type of tax filing many other countries see.

Personally, I'd love to see something like England where you get basically a tax code, everything comes directly out of the check. If you get overcharged, you can get it back, if you get undercharged, the gov't sucks it up.

How the maker of TurboTax fought free, simple tax filing | Ars Technica

From the article:

It's already a reality in Denmark, Sweden, and Spain. The government-prepared return would estimate your taxes using information your employer and bank already send it. Advocates say tens of millions of taxpayers could use such a system each year, saving them a collective $2 billion and 225 million hours in prep costs and time, according to one estimate.

Oddly, Denmark, Sweeden and Spain happen to have the 2nd, 3rd and 6th highest marginal tax rate in the world, respecitively. The UK comes in at the 8th highest. If it wasnt for socialist French president Francois Hollande and his 75% tax rate, you might even be able to move each country up a nouch. Perhaps making it easy for someone to take your money allows you to be complacent with them taking even more of it?

It would be nice if the tax code was so simple you didnt need Quicken, an accountant, or the Goverment to do it for you. Im sure Quicken was against Herman Cain's idea too.

[Daseal]

Originally Posted by mlmpetert

From the article:



Oddly, Denmark, Sweeden and Spain happen to have the 2nd, 3rd and 6th highest marginal tax rate in the world, respecitively. The UK comes in at the 8th highest. If it wasnt for socialist French president Francois Hollande and his 75% tax rate, you might even be able to move each country up a nouch. Perhaps making it easy for someone to take your money allows you to be complacent with them taking even more of it?

It would be nice if the tax code was so simple you didnt need Quicken, an accountant, or the Goverment to do it for you. Im sure Quicken was against Herman Cain's idea too.

Your post and my post have nothing to do with each other. The fact is this is an easy to implement and convenient feature that most people could use to file their taxes. It is heavily opposed by folks in the tax business (obviously) the problem is that our politicians are more empathetic to what these huge businesses want than what is best for our nation.

[firstdown]

Originally Posted by Daseal

Found this article today, and it's pretty interesting. How TurboTax has been lobbying hard to keep from the automated type of tax filing many other countries see.

Personally, I'd love to see something like England where you get basically a tax code, everything comes directly out of the check. If you get overcharged, you can get it back, if you get undercharged, the gov't sucks it up.

How the maker of TurboTax fought free, simple tax filing | Ars Technica

That's the worse thing we could have. I personally think everyone should have to pay their own taxes either quartley or monthly. Then people would start to actually feel the pain and realize how much they pay in taxes each month. Ask 90% of the people and they cannot tell you what they pay in taxes because the goverment forces the employers to do their dirty work. Out of site out of mind. I have to pay federal and state taxes monthly and can tell you what I pay in SS, Federal witholding, and Medicare. Might be why I'm against any tax increases because I see first hand what I pay and my guess why the goverment forces employers to collect their taxes.

[SmootSmack]

I don't care for the Cowboys, and I think Houston's traffic is awful...but as for the rest of the state...oh, wait, nevermind.

[dmek25]

isnt that fraud?

[MTK]

+1 for tossing one's self under the bus