Earlier quoted context omitted.
I paid 600 usd last year fora tax accountant. He couldn't even do the most easiest part (1040 with stocks and dividend), and after struggling with him we didn't even proceed with the multistate reports I needed. It was complete waste of time and if I didn't check the result it would be also a waste of money and potential criminal action.
1040 filings are not easy at all. incorrectly filed 1040s can lead to things like your investments being classified as a PFIC and taxed at 39.6%
California tried to save the nation from tax filing, then Intuit stepped in
241–250 of 304 posts
Re: California tried to save the nation from tax filing, then Intuit stepped in
#242Earlier quoted context omitted.
> The "left" that has power in the US (establishment dems) barely qualify as being left at all So when the left does something you dont like, they must not be left? Smells of no true scottsman to me.
> The "left" that has power in the US (establishment dems) barely qualify as being left at all You seem to interpret that statement as an opinion, but it is not a subjective statement. [1] The U.S. isn't the only democracy in the world, and if we compare the Democratic party with other political parties around the world, they are indeed barely left-of-center. [1] https://archive.md/PjNEF
Re: California tried to save the nation from tax filing, then Intuit stepped in
#243Earlier quoted context omitted.
Or maybe you are wrong and California's "draconian politics" are being effective and corporations are scared of that.
California's population shrank for the first time since it was founded last year. Statistics seem to indicate that the "draconian policies" are causing an exodus
Re: California tried to save the nation from tax filing, then Intuit stepped in
#244The US is such a stressful country, tax filing, healthcare, none of these basic things just work. Add to that the lawyers culture and you get a good basis for emotion filled Netflix dramas, but not really for real life.
There are actually less lawsuits per capita in the US than in most OECD nations. The "lawyers culture" is a false idea created, it seems, by popular media (films, TV, etc.)
It’s just so weird seeing the billboards here in the US encouraging people to sue for personal injury damages, featuring photos of happy people holding fans of cash like they just won the lottery. Maybe the celebration of lawsuits is the American thing, if not having greater total numbers.
Re: California tried to save the nation from tax filing, then Intuit stepped in
#245Earlier quoted context omitted.
>The federal system in regards to lobbying would change if we followed the constitution as written to allow House of Representatives to grow with census population count. Sounds good. >And restore the not direct election of Senators. Then remove federal personal income tax. For icing on the cake, shut down the 3rd central bank known as 'Federal Reserve'. I’m curious to know how any of these policies would be benefici…
Yeah, that's an odd set of policies to support.
Really started going downhill in 1913 with creation of third central bank of the U.S. and addition of personal income tax.
Re: California tried to save the nation from tax filing, then Intuit stepped in
#246Earlier quoted context omitted.
>The federal system in regards to lobbying would change if we followed the constitution as written to allow House of Representatives to grow with census population count. Sounds good. >And restore the not direct election of Senators. Then remove federal personal income tax. For icing on the cake, shut down the 3rd central bank known as 'Federal Reserve'. I’m curious to know how any of these policies would be benefici…
I'm not the GP, but I mostly agree. The principles that I suspect we both share are that concentration of power will always result in harms, and the only way to get ourselves out of the mud is diffusion of power. 1. Up until 1913 the Senators were elected by the Representatives. In 1910 the law changed for Representatives to be per 30,000 population, to be static count of Reps. There is now is now 750,000 people per…
1) federal Senators were usually appointed by State legislature and were regularly recalled by States and fired when they voted against the State's interests at the federal level.
2) a consumption tax, excluding uncooked food, might be reasonable. Higher tariffs and import duties can work, and tends to reduce offshoring for the purpose of polluting 'over there'.
3) surprisingly something better than gold and silver was invented in 2008 and appeared in 2009. Bitcoin fixes this.
Re: California tried to save the nation from tax filing, then Intuit stepped in
#247Earlier quoted context omitted.
Why assign all the blame to Intuit? > They persuaded the Internal Revenue Service for more than a decade to pledge in writing not to adopt California’s innovation or develop any other offerings that threatened their business model. I think the IRS deserves much of the blame for yielding to Intuit's persuasion. Every American should be upset with both Intuit and the IRS.
There is a strong contingent in Congress that believes that it is only moral for it to be annoying and expensive to pay taxes, as they believe that taxes should be opposed by the masses. If taxes are too easy then people won't think about them, and will simply enjoy the services the government provides with them, which is tyranny. This is also why the US keeps sales tax separate instead of rolling it into the price o…
Perhaps you're confusing VAT vs sales tax, which is an entirely different issue, and while some politicians might prefer a sales tax on the presumption of its conspicuousness, the real debate regarding adopting VAT is far more complex. VAT does seem to be the darling of many economists, but those economists also tend to overlook the fact that Europe has significantly larger grey and black markets, as well as more tax evasion, than the U.S.; and some of that difference is arguably a consequence of the mechanics of VAT and the general preference for hiding the taxation system from individuals.
It's also worth noting that there are good reasons for itemizing sales tax separately. For example, for individuals state sales tax can be deducted from federal income, but not the cost of the item itself.
Re: California tried to save the nation from tax filing, then Intuit stepped in
#248Re: California tried to save the nation from tax filing, then Intuit stepped in
#249I don't understand what kind of mental gymnastics it takes for policymakers to impede paying taxes . How absurd is it that the government would rather make it difficult for its citizens to give it money!? ( ͠° ͟ʖ ͡°)
Re: California tried to save the nation from tax filing, then Intuit stepped in
#250Earlier quoted context omitted.
The left doesnt really have any power in the US. What passes for the left (the socially liberal corporate elites that run most of the democratic party) are pretty much just as invested in protecting the rentiers as the right wing. Rentier money is structurally geared towards destroying any populist politicians who threaten their rents. It was a fluke that AOC won given her Democratic opponent (when she was unknown) o…
This is so important and I think a lot of people miss it. The "left" that has power in the US (establishment dems) barely qualify as being left at all. They are very much invested in protecting power and wealth. The only "left" that would push against the rentiers are people who will almost never see power. However, I wouldnt say AOC winning is a "fluke". Its definitely the exception, but progressives have been able…