Quantum Reality (Posts tagged taxes)

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See, that’s what the app is perfect for.

Sounds perfect Wahhhh, I don’t wanna
cwicseolfor
politijohn

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Source

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5feet-of-anxiety

Just to be clear free file is still available just not the direct file program

cwicseolfor

Yep. Before you pay to file check out the free file program. Most people who don’t make 3x the poverty line income are eligible. You may still have to pay for state but often that reduces the whole cost to something more like $15. Some states may have their own free filing system and your local library can usually provide more info.

Yes, everyone else not residing in Mordor, it costs money for the expertise to navigate our deliberately obfuscatory tax system to avoid paying either too much, virtually penalizing the poor, or too little, very literally penalizing the poor as tax cheats and scofflaws, but for wealthy people it’s trivial to spend a couple days’ worth of a poor person’s wages so this is immaterial to them. People have fought incredibly hard to patch this system with volunteer preparers, law changes mandating at least some free option, and most lately the rollout of direct filing through the IRS’ own software, but this kakistocracy hates the poor that much.

blogquantumreality

Here is the IRS website that discusses Free File!

psa reblog irs taxes free file
dani-unicorn
dani-unicorn:
“bobwess:
“posttexasstressdisorder:
“FOLKS, PLEASE…DO YOUSELVES A BIG BIG FAVOR AND STOP USING TURBOTAX! IT IS USELESS NOW!!!THE IRS website will let you fill out and file your return THERE ON THE IRS SITE. You pay like $12 for the...
posttexasstressdisorder

FOLKS, PLEASE…DO YOUSELVES A BIG BIG FAVOR AND STOP USING TURBOTAX!  IT IS USELESS NOW!!!

THE IRS website will let you fill out and file your return THERE ON THE IRS SITE.  You pay like $12 for the actual electronic filing process, and THAT’s IT!

Unless you have tremendous amounts of Schedule D stock shit, TurboTax is NOTHING BUT A RIPOFF!!!

The IRS website is EXCELLENT.  They allow you to look up your past returns, and have every bit of information you MIGHT POSSIBLY NEED!

FUCK TURBOTAX!

LIBERATE YOURSELF FROM IT!!!!!!!

bobwess

For sure actually stop using turbo-tax but the face we have to self file when they know and not just file corrections is stupid as shit.

dani-unicorn

Can someone determine if the CRA is just as good? I would love to know.

blogquantumreality

As it happens, the CRA has a nice little section linking to free file software here!

Look under “Find a free or pay-what-you-want tax software”.

taxes tax filing don't get ripped off
stillnotgoodatthis
phosphosilicate

pertaining specifically to the audit thing, the IRS have also been getting starved out of funds for the past couple of decades, decreasing their ability to provide revenue to the government and adding some wonderful systemic problems to the bureaucracy in addition to our tax code being a tire fire. The problem is that auditing rich people for tax is very expensive and time-consuming, because their finances are labyrinthine nightmares meant specifically to confound the IRS. However, auditing rich people for tax fraud is basically the only way you actually catch any tax fraud.

Since the IRS is getting their funding cut, they have to make themselves look useful so they can get their funding back, which means doing lots of audits. They can’t afford to audit lots of rich people, so instead they audit poor people, find nothing, waste their time, poor people’s time, and taxpayer money, and then do it again, in the hopes of actually being able to do their job some day. Damn thing’s rotting out.

gop-are-corporate-socialists

Worth the periodic reblog

lindstrom2020

The Democrats are fighting to increase IRS funding enough to audit the super-wealthy on a regular basis. Investing $40 billion in the IRS over the next decade is estimated to create about $105 billion in additional revenue because the IRS will be able to catch tax cheats at the super-wealthy level. Here’s the Congressional Business Office statement, and here’s an easier to read news article. As of May 29, 2022, the increased budget has not passed yet, due to the Republicans.

We don’t even have to pass new tax legislation - just increasing the number of auditors will bring in loads of money and tax the rich because ENFORCING THE LAWS we already have will bring in money.

I read tax returns as part of my job, and I can absolutely confirm that the ordinary people earning W2 wages are paying more in taxes than rich assholes who make their money from real estate and etc.

VOTE DEMOCRAT and accept that this won’t be fixed in one election cycle. We need time to build a consensus that’s strong enough that the Republicans can’t stonewall it, and that’s going to take time.

irs taxes psa reblog important us politics american politics for my american followers
nebulousmistress
nerdyqueerandjewish

For people with anxiety about filing taxes, here’s what things that happen when you make a mistake on your tax return:

- it gets corrected

- you get a letter in the mail either asking for some additional information or a letter showing the adjustment

- you pay the amount (there’s options for payment plans too!) or get a refund

Things that do not happen

- you’re “in trouble”

- you are charged with fraud

- you go to jail

I know that most people are probably just joking/exaggerating when they say a mistake on their return means they get thrown in jail but when I worked with the public I always would encounter people who believed that would happen and they would be panicking about it. So I like to put this out there every year because if I can even prevent one person from feeling that way, it’s worth it

alex51324

Annual reblog of this important information.  

The thingy above where you sign your tax form says that you’ve filled it out to the best of your ability.  “Sir, I am a dumbass” is 100% a valid defense

nebulousmistress

If it’s a small enough error we don’t even send the letter! We just fix it and move on and you never knew there was a thing.

If you make a mistake on your return it gets fixed by someone who’s seen so many of the same mistake that they don’t even roll their eyes anymore. Some people have seriously made the exact same mistake every single year for decades now. The absolute worst thing that will happen is employees will know you with strange fondness as that guy who makes that same math error every year. It’s the exact same detached amusement that we have for really great names.

Just file. Free File is a thing you can find on irs.gov. Lobbying from H&R Block makes Free File hard to find but it’s there. Don’t rely on google, I beg of you, they won’t show you shit. Just go directly to irs.gov and click on Things.

blogquantumreality

I filed with pen and paper back when I was first doing Do Your Taxes thing (as one does), and I made a $500 mistake where I added in something that wasn’t considered taxable income and should have been subtracted back out elsewhere on the form.

Revenue Canada actually amended my tax return for me and my refund grew by the aforementioned $500.

The “tax man” is not always against you, contrary to popular belief. And for Americans, it’s worth noting the TABOR offers you certain reliefs and protections as long as you make a good faith effort to file your taxes properly.

taxes psa reblog signal boost
dharmaavocado
dykecostanza-deactivated2024112

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the “dignity” to work for an $8/hr starvation wage with no benefits lmao shut the fuck up

sharlatan-ka

Victorian factory owner tries to convince children to crawl back under the industrial looms for mere pittance because only their bodies are small enough to fit

dharmaavocado

I know the answer to this already but did any of you actually read the article? Because I did and guess what?  That headline is extremely click baity but the actual article contains real information and context for Biden’s remarks!  You know, like how journalism is supposed to work!

The article is here.  Let’s take a look, shall we?

Biden’s remarks were in response to the April Jobs report, which the article describes as “disappointing.”

Here’s the context prior to the quote above:

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[cap transcript:

Although economists were expecting much higher jobs numbers, just 266,000 jobs were added in April, compared against 770,000 in March.

According to a government survey, millions didn’t take on a job over fears of contracting the coronavirus, and women didn’t make any job gains in April, likely due to continued child care disruptions. About 20 million Americans lost their jobs during the pandemic.

But some businesses say $300-a-week federal unemployment benefit, provided in Biden’s $1.9 trillion rescue package is keeping Americans at home and away from pursuing job opportunities.

Biden disputed that idea on Monday.

“I know there’s been a lot of discussion since Friday’s report that people are being paid to stay home rather than go to work. Well we don’t see much evidence of that. … Americans want to work.” Biden added, “a job’s about a lot more than a paycheck. It’s about your dignity, your place in the community.”]

Now I will argue that your ability to work is not what confers dignity--the fact you’re a person gives you dignity, but this is a far cry of--how did that one commenter put it--ah yes: “ Victorian factory owner tries to convince children to crawl back under the industrial looms for mere pittance because only their bodies are small enough to fit.”  That is a bad faith comment and also was probably made without reading the article.

Now there is a section where he states that unemployment benefits are not a replacement for a job, and is the pretty much stock response you see most democrats pay lip service to to calm down conservatives:

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[caption transcript: “We’re gonna make it clear that anyone collecting unemployment who is offered a suitable job must take the job or lose their unemployment benefits.” Biden added that there would be a few specific COVID-related exceptions so people don’t have to put their basic safety at risk. “But otherwise, that’s the law,” Biden said, adding in clear terms, “no one should be allowed to game the system.” ]

This is the same conservative bullshit we’ve been hearing for years and is barely one step above Welfare queens.  HOWEVER, Biden does go on and directly addresses employers and wages.

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[caption transcript: Biden also encouraged employers to boost wages to improve hiring prospects, and to help employees get access to vaccinations in order to get more people back to work safely. “We also need to recognize that people will come back to work if they’re paid a decent wage,” he said.“My expectation is that as our economy comes back, these companies will provide fair wages and safe work environments,” Biden said. “And if they do, they’ll find plenty of workers.” ]

This is the complete opposite of  op’s comment of  “the ‘dignity’ to work for an $8/hr starvation wage with no benefits lmao shut the fuck up.”

Turns out that’s not what Biden was saying at all.  In fact, he explicitly states that if businesses provide fair wages and safe work environments, people will want to work for them, which is, let me check my notes, what we want and have been advocating for.  It’s almost like Biden, unlike the republicans, agrees with that.

The political party oppposing both fair wages and safe work environments are, surprise, republicans!

In fact, the article ends with mentioning it’s not the democrats trying to decrease unemployment benefits:

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[caption transcript: Unemployment benefits have been subjected to harsh criticism by GOP leaders in recent days. “As Washington pays workers a bonus to stay unemployed, virtually everyone discussed very real concerns about their difficulties in finding workers,” Senate Minority Leader Mitch McConnell said Monday. “Almost every employer I spoke with specifically mentioned the extra-generous jobless benefits as a key force holding back our recovery.” Fox News’ Tucker Carlson asserted last week that “The government is paying people more not to work than to work,” asking, “So why would they work?”The Washington Post noted Monday that Republicans have argued for decades that government assistance leads people who are capable of working to stay home. In 1987 President Ronald Reagan called the welfare system “a creator and reinforcer of dependency,” a continuation of his rhetoric about the benefits for the poor that he’d been uttering ever since his 1980 presidential campaign.]

What have we learned?  Well, the headline was designed as clickbait and took the quote out of context. Biden outright refutes that unemployment benefits are paying people to not work and correctly places the onus on businesses to provide fair wages and safe work environment.  Republicans are the ones trying to cut off benefits like they’ve always done.

Now is Biden as progressive on this as we want? No, but he is not some Dickensian mustache twirling villain who forces children to work in coal mines.  He recognizes that there are outside factors why people are not taking a lot of jobs--bad wages! unsafe work environments! childcare!--and as we’ve seen when it came refugee admissions cap, we can apply pressure and affect change.

The real reason I’m upset over the original post is that we’ve learned nothing since 2016.  This was a screencap of the headline without even a link to the article meant to rile folks up and divide the left even further.  We saw this play out in 2016 and in the years since.

Stop playing into the conservatives’ hands.  We are better than this.  It took me two seconds to find the article and another couple of minutes to read it.

Be critical.  Read the articles for yourself.  Stop this petty, pointless virtue signaling.  If you want to build a better society then you have to put in the bare minimum of work and engage with said society.

Shit like this back in 2016 led to the pandemic and led to deaths of hundred of thousands of people in the US alone millions globally.  We must do better.

us politics important joe biden critical thinking like jfc wages economics taxes unemployment
kryptonians
kryptonians:
“Ok so I mentioned raising taxes and two guys I know got all mad and I asked them why? It would only be a tax on the rich and one of them said “but I want to be rich some day” and I was just like “…you’re such a dummy” ”
As paraphrased...
kryptonians

Ok so I mentioned raising taxes and two guys I know got all mad and I asked them why? It would only be a tax on the rich and one of them said “but I want to be rich some day” and I was just like “…you’re such a dummy”

blogquantumreality

As paraphrased from Steinbeck, “Socialism never took root in America because the poor see themselves not as an exploited proletariat, but as temporarily embarrassed millionaires.“

taxes joe biden capitalism us politics economic inequality
bitchesgetriches

Anonymous asked:

Hi! I am 19 and have no clue how to do my taxes? How do I do that?

bitchesgetriches answered:

We got you, boo.

1. Go to the IRS (Internal Revenue Service) website.

2. Click “file.”

3. Scroll down to the “what you need to know” section. Learn stuff like whether you, personally, actually need to file taxes.

4. Use the IRS’s free file service if you’re eligible and if you need to file taxes (all of which is explained on the site).

All the information you need is provided by the IRS. Once you get to the forms you need to fill out, you’ll need to locate stuff like your Social Security Number, your legal name, legal address, and various forms from your employer (1099, for example).

Here’s more on the why of taxes:

Taxes: Your Annual Fee for Membership in Civilization

for my american followers psa reblog taxes tax filing
ayalaatreides
masked-trickster

anyway reminder to

NOT USE TURBOTAX OR H&R BLOCK FOR YOUR TAXES

if youre filing a simple return where these two companies do NOT require you to pay any money: live your life. file away with them. youll get back what youre supposed to.

IF THEY ASK YOU TO PAY FOR ANYTHING TO UNLOCK YOUR FULL RETURN DO NOT DO IT.

listen. the IRS has a free filing system. go online and look up IRS free filing forms. they are currently available.

it will redirect you to the IRS website where they will show you a number of options to use in order to file your return 100% free.

example. turbotax was just in the middle of doing my return. they told me in order to unlock the extra hundred or so for my retirement deductions i would have to upgrade and pay $40 to them.

went to the website, chose fileyourtaxes.com which is in joint partnership with the IRS and they gave me my full refund 100% free.

AGAIN: if youre filing a simple return, no specifics just income and taxes feel free to use these companies. nothing bad will happen.

if they ask you to pay them more to do your taxes the right way dont do it and go check if there are still eligible websites on IRS.GOV to file 100% free.

GET ALL YOUR MONEY. THANK YOU.

blogquantumreality

Canadians aren’t quite there yet as far as on-website filing, but boosting for all my American followers!

taxes tax tax planning psa reblog
shellstropsanagonyes-deactivate
snommelp

Not wanting to sound like I’m shaming anyone who doesn’t understand the US tax code, but y’all need to know, anyone who claims that rich or marginally rich people pay over half of their income in taxes is full of shit.

Firstly, because the highest tax bracket is 39.6%, which you might be able to tell is less than 50%.

But second, because the US tax system uses graduated brackets. No matter how much you make, the first $9275 is taxes at 10%. If you made $10K in 2016, a whole $725 is taxes at the second tax bracket of 15%. If you make the median US income of $51,939 then you’re still going to have $9275 taxed at 10%, and then $28375 at 15%, and the remaining $14,289 at 25%. If you know anything about math, you can probably tell that this means, even though your tax bracket is 25%, you’re not actually being taxed at 25%. At that median income, your real tax percentage is actually 16.86%

And thirdly, this is all based on normal income. Long term capital gains, i.e. the biggest source of income for affluent Americans, are taxed at a substantially lower rate.

So once again, no shame if you don’t understand the tax code and think it’s too complicated for you to get. But I can 100% guarantee that anyone complaining about the rich paying “too much” in taxes is either straight up lying, or manipulating their data so much that it no longer even bears a passing resemblance to the truth.

blogquantumreality

And even if you throw in state taxes, the rates are not all the same, so the highest possible marginal tax rate just edges over 50% for only a few states, anyway.

And to further put that in comtext, to get that high your taxable income needs to be somewhere around $400k, anyway. Ask yourself if ever in your life you will make $400,000 a year unless you’re basically best buddies with the dean or president of a college, or some other incredibly cushy nepotistic hiring situation.

taxes usa
impostoradult
impostoradult:
“ alliecantdance:
“ communismkills:
“ This is how someone tried to justify Bernie Sanders’ proposed middle class tax increase to pay for his health care plan. I guarantee you this person lived at home with mom and dad.
”
What about...
communismkills

This is how someone tried to justify Bernie Sanders’ proposed middle class tax increase to pay for his health care plan. I guarantee you this person lived at home with mom and dad.

alliecantdance

What about those of us who are pretty healthy and don’t need to go to the doctor every year? Why should I spend more taxes on healthcare when I haven’t needed to go to the doctor for a sickness in 2 years?
Im a healthy individual. I should NOT have to pay for a service I don’t use which is essentially what taxing people for this service is.

impostoradult

First of all, it would NOT be a $6000 tax increase on someone making 30,000 a year. That is an absurd, fabricated number that has literally no basis in reality. None. It’s pure bullshit. 

Second, to @alliecantdance I imagine you haven’t recently made excessive use of the police force or the fire department. But the reason you still pay for those “services” through taxes, even though you don’t necessarily use them every day (and might never) is because you MIGHT need them at some point. Also, the likelihood of you getting sick or injured at some point in the near future is much higher than the likelihood of your house catching on fire, or your car getting stolen. Yet, somehow, pitching in for police and firefighters always seems reasonable to conservatives, while pitching in for health care just doesn’t, even though the exact same logic applies in both scenarios, and if anything, health care makes more sense because people need healthcare on a MUCH more frequent basis than they need a fire put out at their house.

Also, part of the reason we pool money through taxes (or even through private insurance) is because only a small number of people are going to need the services those dollars go towards at any given time. But the point is, we have no idea who is necessarily going to need the services when. Also, health care is fucking expensive and most people can’t afford to foot significant medical bills solely off their salaries. We have things like insurance and/or public health care (which operate literally the exact same way, except the government doesn’t have the attached PROFIT MOTIVE that private insurance companies do) precisely so that everyone gets a LITTLE bit taken out of their income, and it is used to cover for which ever people happen to need it at that moment in time. Which might not happen to be you, but could be you at any given time.

Trust me, if you were in a severe car crash tomorrow and you were suddenly looking down the barrel of being hundreds of thousands of dollars in debt for medical bills that you’d have no earthly way of paying back on your own unless you won the lottery, you’d probably start singing a different tune right quick. It’s a privilege to be able to say, “why should I have to pitch in a tiny bit for other people’s health care” when you happen to be healthy and they happen to have cancer, or diabetes, or have been massively injured in a car accident. 

Health is largely a matter of luck and chance, which is why we pool resources to cover medical costs. It’s fundamentally inhumane to say that people who have the bad luck of getting cancer just have to cover their own exorbitant medical costs, even though only extremely wealthy people actually have the money to do that. 

blogquantumreality

And seriously, $6000/yr extra in tax is an extra $500/mo. That is such a large tax increase (on the order of 15-20 percentage points, I’d hazard) as to be completely absurdly impossible to politically justify for a middle or working class taxpayer. Now, if you’re Donald Trump that’s chump change.

Universal health insurance in Canada works the way it does because we all pay into the same pot and the government has a common set of rules set down with the provincial medical associations about what it will cover as medically necessary (which is pretty broad, anyhow), so no one of us has to get socked with a $200k surgery bill, instead we all pay a tiny fraction of that amount in taxes or premiums.

taxation taxes politics us politics