Not compared to other countries it isn't. Not by a long shot.
Video with transcript below:
https://www.pbs.org/newshour/show/dreading-taxes-countries-s...
Get the heck out of here with your bull pucky
Not compared to other countries it isn't. Not by a long shot.
Video with transcript below:
https://www.pbs.org/newshour/show/dreading-taxes-countries-s...
Get the heck out of here with your bull pucky
And thank you for the link, but this news segment basically is big on opinion, low on specifics. Feel free to link me to a detailed article on how non-U.S. countries handle self-employment or dependent tax issues and whether/how those things are easier elsewhere.
In the UK quite a few people don't pay any tax at all, and the vast majority don't pay enough tax to have to file any return.
What impact does a dependent have on your tax that needs to make it so complicated? I have relatively complicated taxes due to two jobs and some unusual deductions, but having a child doesn't really have any impact on my tax return in the UK.
As for the dollar values, if you make $30,000 and have 2 kids, you can usually get a $6,000 tax credit or more. The U.S.'s support for working low-income families is carried out through the tax system. Put another way, tax credits are one of the U.S.'s most important social safety nets.
No matter the situation, they accept your word for it. If an audit occurs you will have to prove things with documentation and be held liable for mistakes or fraud.
It's basically a five-minute task that you appear to believe should make tax filing take hours?
I did taxes once in NZ, you go to a website where they have all the data ready. Then you go next, next, finish, adding a deduction or dependent here and there. Takes 15-30 mins.
But that doesn’t mean it’s a great system now. I would favor dropping exemptions and moving to a lower flat tax, for instance - taxes by postcard. Probably never that way for businesses, but for 9-5ers, it should be way more straight forward than it is now.
and a lot of other people too
> big on opinion
&
> Right now, the system we have is pretty good. > I have vivid memories...
Sounds like the whole discussion is rife with opinion.
BTW, you have my sympathy, but your story doesn't shore up your argument. It only sounds like tax filing in the States has gotten better. And better locally is not best globally, by a long shot.
In general the States has been shot through for so long with so much corruption (aka special interests and campaign contributions and lobbying) that the citizenry has a perversely skewed idea of what is normal. /rant
Good luck prying that out of the cold dead hands of boomers (and eventually Gen X)
So long as they want / use it, it will 'trickle down' to others.
https://www.taxpolicycenter.org/briefing-book/what-are-itemi....