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Since it's that day again. . .
Posted: Wed Apr 16, 2025 2:15 am
by brutus
I figured a little bit of tax humor was in order. I've had this on a bulletin board for some time. Might be worth sharing.
Re: Since it's that day again. . .
Posted: Wed Apr 16, 2025 3:34 am
by Nightwatch2
Democrat proposed simplified tax form
Line 1. How much did you make?
Line 2. Send it in
Republican proposed simplified tax form
Line 1. How much did you make?
Line 2. Keep it.
Re: Since it's that day again. . .
Posted: Wed Apr 16, 2025 3:38 am
by Poohbah
TurboTax is the worst video game ever.
Re: Since it's that day again. . .
Posted: Wed Apr 16, 2025 11:33 am
by Bob Dedmon
Poohbah wrote: ↑Wed Apr 16, 2025 3:38 am
TurboTax is the worst video game ever.
yeah
Re: Since it's that day again. . .
Posted: Wed Apr 16, 2025 4:46 pm
by Nightwatch2
Bob Dedmon wrote: ↑Wed Apr 16, 2025 11:33 am
Poohbah wrote: ↑Wed Apr 16, 2025 3:38 am
TurboTax is the worst video game ever.
yeah
It does get the job done if your tax situation is not too overly complicated
Re: Since it's that day again. . .
Posted: Wed Apr 16, 2025 4:54 pm
by Johnnie Lyle
Nightwatch2 wrote: ↑Wed Apr 16, 2025 4:46 pm
Bob Dedmon wrote: ↑Wed Apr 16, 2025 11:33 am
Poohbah wrote: ↑Wed Apr 16, 2025 3:38 am
TurboTax is the worst video game ever.
yeah
It does get the job done if your tax situation is not too overly complicated
At a price, naturally.
The whole thing is a shell game for what should be pretty simple.
Re: Since it's that day again. . .
Posted: Thu Apr 17, 2025 5:28 pm
by Craiglxviii
Johnnie Lyle wrote: ↑Wed Apr 16, 2025 4:54 pm
Nightwatch2 wrote: ↑Wed Apr 16, 2025 4:46 pm
It does get the job done if your tax situation is not too overly complicated
At a price, naturally.
The whole thing is a shell game for what should be pretty simple.
I have to file a personal tax return in the U.K., it’s one form (2 pages, 4 sides) and takes me a day.
Re: Since it's that day again. . .
Posted: Thu Apr 17, 2025 5:47 pm
by Nathan45
I've used Freetax USA for years, my return is moderately complex including tracking rental depreciation and investment gains etc. Colorado state is trivial, you just enter certain rows from you federal. Biggest time waste is collecting all the relevant reports.
Re: Since it's that day again. . .
Posted: Thu Apr 17, 2025 5:51 pm
by Johnnie Lyle
Craiglxviii wrote: ↑Thu Apr 17, 2025 5:28 pm
Johnnie Lyle wrote: ↑Wed Apr 16, 2025 4:54 pm
Nightwatch2 wrote: ↑Wed Apr 16, 2025 4:46 pm
It does get the job done if your tax situation is not too overly complicated
At a price, naturally.
The whole thing is a shell game for what should be pretty simple.
I have to file a personal tax return in the U.K., it’s one form (2 pages, 4 sides) and takes me a day.
Turbotax took me roughly an hour, but my situation is pretty simple.
The basic 1040 US form is equally simple, assuming you don’t have a lot of deductions or non-wage income. That’s the problem - you have to run through all your deductions and then determine whether the standard or itemized is better, and then play around with the different tax rates for different income types.
The concept of a standardized deduction is frankly ludicrous. It’s effectively lowering the tax rate, but the politicians lack the fucking balls to say they’re lowering the rate, so they make people spend time and money figuring it out.
Junk the deductions, drop the de jure tax rate to the de facto one, revise the withholding tables, and fuck the tax break industry.