91–100 of 341 posts
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some government programs have excellent customer service as compared to some corporate equivalents I am sure we could find counterexamples here.
Ever been to the DMV?
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I think many of us here don't get paid by W2 or by 1099. We are compensated in different ways which don't require those types of filings (e.g. K1), in which case we do need to fill out forms.
I can't speak specifically for the group here, but the vast majority of US taxpayers by a large margin _are_ compensated via W-2 or 1099. Isn't that who it should be optimized for, rather than outliers or exceptions?
To those saying "We should be more like Sweden/Finland!", I'd ask whether those countries have a tax system that is also based on using tax credits and deductions to lower your tax due? I don't know the tax codes in those countries but my guess is that, because they use the tax entity-created system, they do not have such a complicated tax code as the US. In the US, you have two sides of this: (1) the IRS, and (2) CP…
In Europe taxpayers waste millions with the tax authorities' pre-filled/free filing systems. The major reason for that is that once you have free filing with some data preloaded, human behaviour kicks in and you either spend some time figuring out where to minimize your tax losses (rational economic behaviour) or accept the tax return presented by the tax authorities and go with that even if it means wasting money (i…
Sold!
To those saying "We should be more like Sweden/Finland!", I'd ask whether those countries have a tax system that is also based on using tax credits and deductions to lower your tax due? I don't know the tax codes in those countries but my guess is that, because they use the tax entity-created system, they do not have such a complicated tax code as the US. In the US, you have two sides of this: (1) the IRS, and (2) CP…
http://www.vero.fi/download/noname/{302EA05D-2530-4021-8931-...
And instructions here:
http://www.vero.fi/en-US/Precise_information/Forms/Tax_retur...
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There are an incredible number of moving parts with circumstances that may seem trivial, such as a master limited partnership or a foreign company paying dividends. Unless the entire world can standardize on taxes, these complications can't go away because not all information is properly reported or reported in a timely manner
Sure. But a system that only addressed the needs of 100 million people with simple taxes might still be a good idea (I realize that the thing exists. Free File is urged on by the government and has wide reach. I don't like that it is roughly designed to prevent the IRS from developing any sort of direct servicing).
Hmm. How good is Turbo Tax, I mean I can tell it's horribly coded, but does it have automated features/recommendations that will help you earn more? Or is it basically what the tax system does in Swede/Finland etc?
Why do you believe that TurboTax is horribly coded? I can't say whether or not their code is good or bad, but the US tax the fact that TurboTax is so popular and successful is only because the paper + accountant alternative was so terrible. I was describing an business app I've been working on to a non-technical friend, and she commented, "whatever you do, please make it as easy to use as TurboTax." There was an inte…
They're instantly submitted (or at least they appear to be) and combined with direct deposit I get my refund within days. In the old days I had to either drop my paperwork off at an accountant and wait, do them myself and mail them in, or make an appointment with a preparer.
Frankly, anyone who does trust any government hasn't had very much experience with them. At best, governments are inefficient and incompetent. At worst, they are run by politicians absorbed with self-interest. There are already scads of people trusting too much to other entities rather than figuring it out on their own. These people leave their tax withholdings at default levels, then walk down to the local Wal-Mart…
Say What?
To those saying "We should be more like Sweden/Finland!", I'd ask whether those countries have a tax system that is also based on using tax credits and deductions to lower your tax due? I don't know the tax codes in those countries but my guess is that, because they use the tax entity-created system, they do not have such a complicated tax code as the US. In the US, you have two sides of this: (1) the IRS, and (2) CP…
Ignore all the deductions and other stuff. It's a mess and should be fixed, but for this simple issue, it's not relevant. I get W2s, 1099s, 1099-Rs, 1099-INTs, THX-1178s, ABC-123s, etc. I have to manually copy the stuff from boxes 1-30 on each of those onto my returns. I'd file my taxes in January expect it takes weeks for all the various organizations I deal with to make those and send them through the mail. I shoul…
All taxes are theft of the private property of free citizens.
I definitely agree with respect to income, estate, and property taxes. Consumption-based taxes are fairer than so-called "progressive" tax schemes implemented to fund world wars and military expansion. Ref. http://opinionator.blogs.nytimes.com/2013/03/24/is-the-estat...
Real Estate ownership is already tracked (you can argue it shouldn't be, but that would upend the real estate system). And unlike cash sitting in a bank account, it's already fairly common to tax real estate. If someone wants to keep 5 houses and leave 4 of them empty at any given time, as a status symbol, shouldn't they be taxed punitively? Real estate is not an unlimited resource. Occupation of any sort would disqualify the taxation; this could be verified easily in most cases by data from utility companies.
Pure libertarians tend to argue that rational individuals will not let assets go unused. I think rationality as a model for human behavior has been thoroughly debunked. And if they don't let their real estate go unused, if they invest, lend, rent their property to others, taxes under the described system wouldn't apply.
Some of these arguments can be applied to hoarding other assets (like cash), but it would be an uphill battle to tax cash (not cash inflows -- as in the income tax -- but static cash). One place to start might be cash held by public corporations, which have no privacy interest.