Earlier quoted context omitted.
Yes, Why should a person the choose not to have children be punished by the state with higher taxes for their choice?
If having children benefits society those who choose to do that should be rewarded.
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IRS Reforms Free File Program, Drops Agreement Not to Compete with TurboTax
481–489 of 489 posts
Re: IRS Reforms Free File Program, Drops Agreement Not to Compete with TurboTax
#482Earlier quoted context omitted.
People aren't terrified of plundering their retirement accounts? There are massive and scary tax penalties if you do....
10% isn't that massive or scary for someone facing something like a big unexpected medical bill or whatnot. "I can take out $2k to fix the flooded basement and it'll cost me $200 in penalties? OK."
But that’s on top of whatever income taxes you didn’t already pay in some cases.
Re: IRS Reforms Free File Program, Drops Agreement Not to Compete with TurboTax
#483Earlier quoted context omitted.
> Consider the people of California as a group, not as individuals, seen from the federal perspective. They should not be able to evade federal taxes by spending the money on themselves. Nobody's evading anything. The federal, state and local governments together are your government. That's why you've always been able to deduct the local from your state and federal, and state from your federal. In fact I can't think…
The situation with other countries is irrelevant to the matter of California income evading federal taxes. If I'm in Texas, my state income tax is $0. My federal tax rate will be higher without having state taxes to deduct. Part of this money goes to you, in California. If you're in California, you get a reduced federal rate if you can deduct California taxes. The money from California taxes stays in California to be…
Nobody is evading anything lol.
> The situation with other countries is irrelevant to the matter of California income evading federal taxes.
No it’s very relevant. You’re trying to have it both ways. Either the state represents an arm of the government in which case taxing taxes makes no sense or it’s more akin to a country on its own where you could make the argument double taxation makes sense. But you argue it’s part of the government to the extent it should be contributing to your state but autonomous enough that it should be double taxed.
> As viewed from outside California, money owed to the federal government is staying in California to be spent for the benefit of people in California. That simply isn't fair.
If you want those services you can move to California. However that money isn’t wasted it’s used to support the people and economy of California which in turn would by itself be the 6th biggest economy in the world. That money is being invested in California and other states benefit from the tax revenue it generates.
> If you are unhappy with the resulting high tax rate, you can leave the state or you can try to get the state to eliminate taxes.
No haha I’m good, then I wouldn’t live in California where the state invests in its people (to an extent).
You can perform all the mental gymnastics you want to justify this but I think you’d feel differently if a democratic administration wanted to tax the tax revenue paid by oil companies or lord help us carbon. This was done plain and simple to own the libs on the coast. Anything else is backing out a justification and fighting for double taxation isn’t a good look.
Re: IRS Reforms Free File Program, Drops Agreement Not to Compete with TurboTax
#484This USA tax thing has always baffled me... it is the exact definition of why we pay taxes: for the government to provide services that are common to the country´s citizens. There´s nothing more common than tax collection: rich, middle class or poor. Why wouldn't citizens demand a public tax filing process? Even in Mexico we have an automagical tax filing process that makes: a) The great majority of the population wh…
Most countries have this "automagical tax filing process". And what kills me the most is that America actually secretly has this same system too . Yet every year we have to go through the charade of filing taxes ourselves, when the governemnt already knows what we owe without us needing to round up paperwork, W2 forms, 1099 forms, and so forth. Yet they make us do it anyway. Don't believe me? Simply don't file your t…
Everyone who replied to this with "But what if...?": we are not talking to you. To a first approximation, literally everybody else does not have your problem -- they have W2 income and their filing status is very probably the same as it was last year. If you got married you filed a marriage license; if you had a kid your name was likely on the birth certificate. The IRS could guess everybody's taxes and be right at least 80% of the time, quite probably more like 95%. It really would be an existential threat to H&R Block, and good riddance.
Re: IRS Reforms Free File Program, Drops Agreement Not to Compete with TurboTax
#485This probably explains the TurboTax ad I saw on YouTube today where the only word spoken was “free,” over and over again.
Re: IRS Reforms Free File Program, Drops Agreement Not to Compete with TurboTax
#486Earlier quoted context omitted.
Can someone explain to me the negative consequences of running a deficit? Countries aren’t people. They don’t die. As long as countries are willing to lend us money and the US can service the debt, what does it really matter if the national debt is multiples of the GDP?
We will spend $479 Billion in interest on the national debt in 2020. That's >22 NASAs-worth of money, if you care about space exploration. It could be roads or high speed trains or education or healthcare or whatever you care most about. Instead it's going towards paying interest on debt incurred for cheap political wins in the past...
That doesn’t matter, because it’s not a binary choice — that is, we don’t not spend money on NASA because of the deficit.
Re: IRS Reforms Free File Program, Drops Agreement Not to Compete with TurboTax
#487Earlier quoted context omitted.
“If your tax situation has changed in any of the following ways, please check the appropriate box(es) and mail this back to us or submit online; we’ll issue a revised estimate within 30 days and extend your review deadline accordingly.”
I didn't say ThIS IS IMPoSsIBELE ABAdnON ShiP. Try reading my comment as a response to the specific question that the parent ended with.
Agreed, your response was totally cool and I'm sad to see people downvoting it. I honestly didn't think of children as a tax-impacting event, so I was glad it came up.
Re: IRS Reforms Free File Program, Drops Agreement Not to Compete with TurboTax
#488no ones' ever happy
Re: IRS Reforms Free File Program, Drops Agreement Not to Compete with TurboTax
#489Earlier quoted context omitted.
The situation with other countries is irrelevant to the matter of California income evading federal taxes. If I'm in Texas, my state income tax is $0. My federal tax rate will be higher without having state taxes to deduct. Part of this money goes to you, in California. If you're in California, you get a reduced federal rate if you can deduct California taxes. The money from California taxes stays in California to be…
Nobody is evading anything lol. > The situation with other countries is irrelevant to the matter of California income evading federal taxes. No it’s very relevant. You’re trying to have it both ways. Either the state represents an arm of the government in which case taxing taxes makes no sense or it’s more akin to a country on its own where you could make the argument double taxation makes sense. But you argue it’s p…
California is neither an arm of the federal government nor akin to a country. It is in most ways a subservient and inferior government, owing resources to the federal government. That's part of the deal that California got when it joined the union. (in exchange, California gets stuff like a currency and a military)
California (the land and the people and the government and every other way you could view it) must pay. Internal use and abuse of funding shouldn't have anything to do with what is owed.
When you say that the change was "done plain and simple to own the libs on the coast", you presume that the previous situation was fair. It was not. Those "libs on the coast" were evading taxes, plain and simple.
That "6th biggest economy in the world" was doing so well partly because it avoided taxes. That was unjust enrichment at the expense of middle America.