My Take on Taxes

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  • Опубліковано 17 жов 2024

КОМЕНТАРІ • 2

  • @trunkmunk3y
    @trunkmunk3y 5 місяців тому

    Australian here so I'm not familiar with U.S. tax code. In Australia, taxes are deducted before we get paid and I'm old enough to remember a time when I got paid in cash. I would go and see the pay officer and get a little yellow envelope with my pay in it and the packet had written on it my total pay amount, how many hours I had worked, my pay rate etc. It also told me how much I was paying in tax. Of course, I would look at the number and think of how great it would be if I didn't have to pay tax but I realised that my taxes paid for lots of important stuff like roads and bridges, hospitals, my education and so on.
    In Australia the government takes the tax out of your pay upfront and then lets you claim some of it back at tax time. Depending on the work you do, It's not unusual to get a large refund (~$1000) from the tax office every year. I can understand that cutting a check to the government every year must suck for a lot of Americans and probably leads to them taking a negative view of paying taxes in general. But if you think about it, it's basically the government sending you a bill for services rendered.

  • @javajoe8644
    @javajoe8644 7 днів тому

    There is something "there" regarding the Income Tax. You are Correct, you and the average American living and working in the private sector, 50 states of the union, have ZERO income tax Liability. however, President Taft created the 16th Amendment on the Federal Government ONLY. Most people don't look into the amendment and are scared into thinking they Owe something, they don't. They/We were duped without any disclosure. BTW, Great explanation on the difference between the 2 Taxes. Great job, Sir!