heres a wild thing: Before the US Civil war, there was no income tax. Income tax was introduced to pay for the costs of the civil war, and just... never went away.
@@РоманТимофеев-р3фyea it is. In Canada it was introduced during ww1 as a 'help theilitary fundraiser for a world War so that makes sense. But they kept it in and use your money for stuff you usually wouldnt support. It's such a scam
what I would like them to explain is if we have to fill out a 1040 form, why can't we just tell them what we would like our taxes to be used for, instead of congress lying about it. and what do our taxes even matter if they spend more than we pay.
Because companies like TurboTax lobby the government to keep our tax system needlessly complicated and outdated. Multiple government initiatives to have simple tax filing by the IRS have been fought against by companies like TurboTax and they've been purposely made difficult to find and access. The government is incompetent, but it doesn't have to be, and a lot of the faults in it can be traced back to lobbying and influence from corporations and how widespread it is.
iirc there are companies you can pay that will calculate how much you have to pay in taxes. These companies bribe- I mean lobby politicians to make sure it stays that way
Because tax preparation & filing services is an 11 Billion dollar per year industry Thanks to the magic of lobbying, they now also get subsidies from the government to provide the 'free filing' services they offer.
*Well that's because it prevents you from overpaying. There are multiple factors that go into determining how much you actually owe in taxes, due to special circumstances. An example of this is something like a tax deduction. If you have a job that requires you to travel, you can put how many miles you've traveled that is associated with your job, and that is used to calculate how much less you have to pay in taxes.*
Funny thing about taxes especially Investment ones is that there are a lot of loopholes and literally a lot of money can be saved on them but most people tend to take the passive and conventional approach, opting for the "easiest" but way more expensive solutions
Why is everybody so interested? I didn't I was an expert at it but I found out a few loopholes after I started using an actual FA for my investments and and saw how much tax they could legally get around while still making you more money than you did on your own
Nice. I've been considering going into this stocks thing for sometime now... Heard its a nice way to make some extra funds... How did you get a good f.a for yours and how expensive are they...
love how people tell you that your parents should teach you everything my dad did not get an actual opportunity to learn much and then got kicked out as soon as he turned 18
If you pay too much, they won't tell you. If you pay too little, they will break your door down and ruin your life. Also, they don't tell you how much you owe.
@@nonsencephilosophy well, yeah it does matter. If someone can’t do their taxes properly I don’t mind if it goes to lowering national debt, which thus would lower my taxes.
Taxes suck, the IRS never lets you know how much you got to pay exactly. Pay too much and they scold you, pay too little and they ask you forcefully to fix it. Fail to fix it and suddenly they send people at your door. If you want the stress free option of paying taxes, go to tax advisors such as H&R Block
We never learned about any of this at school (it was not on the curriculum) but my maths teacher went out of his way to teach us about them for a few lessons and it was actually fun not learning maths and we are thankful of his kindness
He went over the most common without going into details. It's the details that can get complicated. If I talked to multiple CPAs about how to classify my taxes, I wouldn't get a unanimous answer. The difference between tax rates of those answers could be as much as 20%.
Fun fact: The IRS knows enough to fill out most peoples' tax forms for them, but the only reason this isn't implemented is that companies like TurboTax make money off of tax forms being hard to get through.
... Why do you believe that? Are you two experts in the US Tax System? If I've somehow missed some crucial detail the entirely refutes my point, feel free, but otherwise saying "nuh uh" doesn't help anyone.
@@serendipity-tildewell the government is able to implement “free filing taxes” which makes doing your taxes much much easier. But the government won’t put it into place because of lobbying by very wealthy tax companies like TurboTax. There’s an Adam Ruins Everything video about it, in which he shows all of his sources. Search up Adam Ruins Taxes, it’s on UA-cam. Very educational!
Exactly why I'm homeschooling my kids when we have them. There's no point having them learn to solve for x if x doesn't equal A. How to do taxes B. How to save and budget money C. How to fix a car down to every last part without needing a mechanic D. How to deal with and fix everything that goes wrong when you're out on your own Like seriously I didn't need to know the Numbers I needed to know how to live adult life and now I'm kinda just figuring shit out as it goes along and learning from every bad thing that happens.
@@nuruzzamankhan1610 Yes I have attended my economics classes and have in fact ranked first but all we've been taught about was development and other stuff but never taxes in the way he did. In economics I've only learnt why the government takes taxes and where it uses it but Gohar taught me what I should know to manage taxes myself.
@jaydenleckpa8381lol that makes sense, but I guess taxes are hard for pretry much everyone so they're ought to be confused on the paying their employee part too
bro explained something better in a short than an entire semester of my personal finance class 💀 edit: fixed a typo, also. the joke is that... we don't need an entire semester of class for this. the joke is not: 1. i am stupid and i didnt understand in a semester, or 2, i wasn't paying attention. stop overthinking it edit 2: mom look im famous
So wait, let me get this straight... We pay taxes to basically live right? So why is it that when I buy something like a triple quarter pounder with not ketchup no pickles or meat I have to pay taxes? It's taxes on taxes right? Makes no sense to me Edit: thank y'all for answering my question👍
i just realized i left "better" out of that comment. i m actually going insane and by insane i mean insanely stupid. "better than an entire semester" is what i meant holy crap
Those bastards are full of sh*t and corrupt, they have let millions of billions of American taxes to go missing due to the incompetence of the US government and haven’t dont anything about it but they will send you to jail if your missing that 1 dollar
Also: When purchasing stuff from your local malls/supermarket, their products are taxed by the gov't but since they can pass the payment of taxes to you, the consumer, they add VAT on their products' prices. Even children cannot escape the VAT 😢
thats not the main problem, the united states needs taxes so they can provide new buildings, a good army, good navy, good roads, and more. the problem is when they over tax us, for example, if you got taxed 20-30% that would be reasonable based on government issues, and a fix for it is taxes. part of the problem is inflation, as the usa gets more inflation, (mainly due to democrats, as they try to grow the economy in that way but im not gonna get into presidential politics) the usa has to give more tax breaks, and more social security, which means more taxes from us, as we get more promotions, etc. so we will continue to get higher taxes every year and we just have to keep up with it, i highly recommend getting into ai, tech, or government hardware such as designing aircrafts, and ships. these jobs will get you roughly 1-2 million per year if you are good at it, but remember you need a degree in engineering with a focus in robotics and or ai.
@@trextrexYT Since i'm not american, can you explain why you guys have to pay huge taxes although almost everything is paid? In my country i know that we have to pay taxes because education is free and hospitals are free... Etc. but common you guys get charged unbelievable fees just for going to a hospital yet you have to pay too much taxes?
Normally, if it’s overtime or bonuses, it’s close to like 40% tax taken out. Also, social society tax, medical tax, health deductions, etc, you don’t get refund
Thank you for explaining something that’s useful. I love this guy so much. He’s just a lifesaver when it comes to basic knowledge or educational knowledge or money habits.
With taxes there is also an amount in the USA which I think is like 20k a year where you pay taxes but the government gives you back the money. But only if you make 20k or less a year.
Without taxes every institution owned by the government wouldn't exist or wouldn't work. Road upkeep? Taxes Medicine? Taxes Police? Taxes Education? Taxes Firefighters? Taxes
All while the government collects interest on the money that was overpaid, and you don't see a single cent of that intrest collected from your hard work.
open an organization that is exempt from paying taxes in your nation or state. like in some states or all states donations are not subject to tax if you fullfill the original object of your organization. You can only avoid maximum amount of taxes through business only.
You earned your boss $800 so he gives you $350 and the government $50 on your behalf. Then he tells you to be angry at the government for taking money that should rightfully be yours
Ok, now go produce the same amount of product in your own house using the equipment and resources you don't own and then understand the stupidity of this question
@TheLuuuuuc he probably doesn't. Probably of that 800, uncle Sam gets 50, you get 350, he gets 100 (times 8 or 10 employees), and the rest goes somewhere up the line
@louisnall3102 First of all he doesn't have to invest time. If he just earns twice as much as you do (and as we know there are people who earn 100x what you do) he can pay someone to do his job and just earn money without doing anything for it. But let's ignore that for a second. Okay. Why does he have the money to do that and you don't? And I'll just answer that for you: in the majority of cases, he inherited it, and even if we would accept the absurd proposition that someone whose parents had a lot of money should have so much money that he doesn't have to work a single day in his life it still remains the question of how his parents got it. And again, they probably inherited it and so forth until we get to a smart business person a few generations ago that made a fuckton of money, probably by cooperating with a dictatorship, stealing, slave labor, being nobility or just the ol' extreme exploitation of labor during the industrial revolution
@@yt159-sj6hd When we got paid too much (450$) we got 50$ from government, then we got 500$. But if we got paid too little (350$), we must pay 50$ to the government, so we only have 300$ left. don't you think this is not fair? why when we got a few payment we must spend our money, and when we got more money, we earn more money?
@@blackcatischillsome of it is, sure. Some of it is also for politicians and people in unnecessary positions so they get rich off of other people's money.
@@Durtle. that if you pay like 50% of your money on taxes then like 10% of the money that they get from taxes goes towards schools what don’t you understand
@@elilsah used said they use huge present for schools, how is that close to they send some of your tax money to schools? Also that not true how they do it
@@Lamborghini-ml9mo because McDonald’s supports Israel who is currently attempting to genocide all Palestinians, and around 34,000 Palestinians have been slaughtered so far
Your videos have been truly impressive! As one of your regular viewers, I've been following your content closely for a while now. I'm very interested in making an investment, but I’m still having trouble identifying the right opportunity to fully commit to. I would greatly appreciate any guidance or suggestions you might have in this area.>>
As a beginner investor, having a mentor to hold you accountable is crucial. Personally, I’m guided by Gregory Leo Cattel, a well-known crypto consultant. While I can't share much about him, I recommend searching his name online to find the details you need to schedule an appointment.
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The way Hidden Time Wealth dives into the concept of productivity is mind-blowing. Hidden Time Wealth tips are pure gold, and I wish more people knew about them.
THANK YOU FOR THIS! I have been worried sick about taxes because I’ve never done them and thought that taxes were I had to pay thousands from my own money but with this, I know that I may not even have to pay a dime. Thank you, gohar, your a lifesaver
I still don't understand... If it's possible if you could make a short explained in kid terms, I'm just asking you don't need to do that. I doubt you'll even see this 😅 I just wanna be prepared for future, you helped me understand investment a bit, thx so much!
THIS TEACHES ME HELLA MORE THAN SCHOOL AND IS WAY MORE IMPORTANT STUFF, LIKE WHEN THE HELL WILL I NEED TO KNOW HOW TO MAKE A CHARACTER ANALYSIS ESSAY😭🙏
This is proof Gohar is the best form of education.
He finally explained taxes to us.
heres a wild thing: Before the US Civil war, there was no income tax. Income tax was introduced to pay for the costs of the civil war, and just... never went away.
@@formes2388thought it was made to replace the alcohol tax during the prohibition
@@formes2388 that sounds evil ngl
@@formes2388and we were just fine without it
@@РоманТимофеев-р3фyea it is. In Canada it was introduced during ww1 as a 'help theilitary fundraiser for a world War so that makes sense. But they kept it in and use your money for stuff you usually wouldnt support. It's such a scam
i thought he was gonna say “heres how to avoid them”
lmao
Me 2 😂
💀
TAX FRAUD: has entered the chat
Like making donations to your own foundations and charities? I wonder who does that.
Now explain why the US government doesn't just straight up tell you how much you owe and instead makes you figure that out yourself
what I would like them to explain is if we have to fill out a 1040 form, why can't we just tell them what we would like our taxes to be used for, instead of congress lying about it. and what do our taxes even matter if they spend more than we pay.
Because companies like TurboTax lobby the government to keep our tax system needlessly complicated and outdated. Multiple government initiatives to have simple tax filing by the IRS have been fought against by companies like TurboTax and they've been purposely made difficult to find and access. The government is incompetent, but it doesn't have to be, and a lot of the faults in it can be traced back to lobbying and influence from corporations and how widespread it is.
iirc there are companies you can pay that will calculate how much you have to pay in taxes. These companies bribe- I mean lobby politicians to make sure it stays that way
Because tax preparation & filing services is an 11 Billion dollar per year industry Thanks to the magic of lobbying, they now also get subsidies from the government to provide the 'free filing' services they offer.
*Well that's because it prevents you from overpaying. There are multiple factors that go into determining how much you actually owe in taxes, due to special circumstances. An example of this is something like a tax deduction. If you have a job that requires you to travel, you can put how many miles you've traveled that is associated with your job, and that is used to calculate how much less you have to pay in taxes.*
Funny thing about taxes especially Investment ones is that there are a lot of loopholes and literally a lot of money can be saved on them but most people tend to take the passive and conventional approach, opting for the "easiest" but way more expensive solutions
How though?
any tips man?
I feel this way too sometimes. how do you do it
Why is everybody so interested? I didn't I was an expert at it but I found out a few loopholes after I started using an actual FA for my investments and and saw how much tax they could legally get around while still making you more money than you did on your own
Nice. I've been considering going into this stocks thing for sometime now... Heard its a nice way to make some extra funds... How did you get a good f.a for yours and how expensive are they...
You forgot the "if you pay too little, you'll go to jail."
And the "you don't even know how much you need to pay"
No, if you pay too little, and tell the irs you aren’t going to pay them any more, you go to jail.
I like to call that free housing
It's intentionally obtuse but generally the simple part isn't that complicated. It gets weird depending on an individual situation.
I seriously doubt they send you to jail for one mistake when it could be fixed by just telling you that you paid the wrong amount
Gohar really pulled a "Fine, ill do it myself." On schools
love how people tell you that your parents should teach you everything
my dad did not get an actual opportunity to learn much and then got kicked out as soon as he turned 18
School teaches taxes u just dont pay attention
no, school teaches you how to do taxes, doesn't it?
maybe cuz u aint in middle school yet bro
@@literallyhimbutbetter i am a tenth grader
i turned seventeen a couple days ago
If you pay too much, they won't tell you. If you pay too little, they will break your door down and ruin your life. Also, they don't tell you how much you owe.
But if you watched the video, he just stated that you get returned overpaid taxes.
Too many people to check everyone. If you get randomly audited tho you could be in big trouble. I keep making money back tho so I win
I don’t mind. It takes the national debt down 😅
@@goatpower321that matters for sure bro... for sure
@@nonsencephilosophy well, yeah it does matter. If someone can’t do their taxes properly I don’t mind if it goes to lowering national debt, which thus would lower my taxes.
Taxes suck, the IRS never lets you know how much you got to pay exactly. Pay too much and they scold you, pay too little and they ask you forcefully to fix it. Fail to fix it and suddenly they send people at your door. If you want the stress free option of paying taxes, go to tax advisors such as H&R Block
What about TurboTax?
Taxes are just an yearly subscription to the country you live in. Childhood is just the free trial...
Edit: Thanks so much for over 9k likes!
shower thoughts witj rick and morty hh comment
Imma cancel subscription 💀
Bro think he Ryan Lombard
@@TheGooberGrapeI don’t think the IRS accepts that…
@@TheGooberGrape Transformers Outro plays*
We never learned about any of this at school (it was not on the curriculum) but my maths teacher went out of his way to teach us about them for a few lessons and it was actually fun not learning maths and we are thankful of his kindness
w teacher
W teach
W Teacher
W teacher
We def need more teachers like that who go out of their way to teach something valuable or important things in our lives
Crazy that we’ve fought wars over taxes yet here we are, still paying crazy amounts in taxes.🤦🏽
So uh.. y’all want that tea back or…
@@CharlieOsoooh hell nah
Civil war 2.0: The U.S. Civilians and resurrected founding fathers vs The current U.S. Government and IRS
lets tax tea like crazy
I've been waiting for this episode of gohar
Gohar is the best teacher.
When I was taught this in school they made it out to be the most complicated thing ever.
He went over the most common without going into details. It's the details that can get complicated.
If I talked to multiple CPAs about how to classify my taxes, I wouldn't get a unanimous answer. The difference between tax rates of those answers could be as much as 20%.
He didn’t explain anything lmao, he just said ‘taxes is when the government takes your money’ and didn’t elaborate on it much
The typical "I learn better from youtube because youtube oversimplified everything"
Same
You were taught? Lucky, the most i got were “this is taxes, they exits and you’ll have to pay them” end of class
Fun fact: The IRS knows enough to fill out most peoples' tax forms for them, but the only reason this isn't implemented is that companies like TurboTax make money off of tax forms being hard to get through.
Now thats some bull
A bit of truth but mostly lies
... Why do you believe that? Are you two experts in the US Tax System? If I've somehow missed some crucial detail the entirely refutes my point, feel free, but otherwise saying "nuh uh" doesn't help anyone.
They don't know enough to properly apply credits, and they've been implementing methods to file taxes to make it easier.
@@serendipity-tildewell the government is able to implement “free filing taxes” which makes doing your taxes much much easier. But the government won’t put it into place because of lobbying by very wealthy tax companies like TurboTax. There’s an Adam Ruins Everything video about it, in which he shows all of his sources. Search up Adam Ruins Taxes, it’s on UA-cam. Very educational!
Bro taught me something in 34 seconds that school didn't in 12 years 💀
Ikr😭
Exactly why I'm homeschooling my kids when we have them. There's no point having them learn to solve for x if x doesn't equal
A. How to do taxes
B. How to save and budget money
C. How to fix a car down to every last part without needing a mechanic
D. How to deal with and fix everything that goes wrong when you're out on your own
Like seriously I didn't need to know the Numbers I needed to know how to live adult life and now I'm kinda just figuring shit out as it goes along and learning from every bad thing that happens.
Why tf do you think economy classes exist? Go attend your classes instead of watching yt if you are really THAT interested in learning 😂
@@nuruzzamankhan1610 Yes I have attended my economics classes and have in fact ranked first but all we've been taught about was development and other stuff but never taxes in the way he did. In economics I've only learnt why the government takes taxes and where it uses it but Gohar taught me what I should know to manage taxes myself.
Expect that they did lmfao
Your ass was probably not listening but doing something else.
School had 12 years to tell us but never did and this man told us in less than a minute
14 with kindergarten 😭
dawg even if they DID teach you yall still wouldnt listen and would still complain about 'why didnt school teach me this 😭'
If you pass basic english and math class you have all the instruments to understand how It works
@schooltips5973 exactly
@StorieswithKosdia they're teaching my little siblings' class and they STILL won't listen 💀
I like how this video explains taxes in the most simplest way possible
I still don't get it. Why does the employer pay too much of too little? Is he stupid?
While at the same time telling you nothing at all
@jaydenleckpa8381lol that makes sense, but I guess taxes are hard for pretry much everyone so they're ought to be confused on the paying their employee part too
"Most simplest"
Gohar explained it better in less than 60 Seconds than my school could in 2 Years
This video taught me more about my future than all my school years
Proof that schools need to learn from gohar
Very easily explained, I think everyone who doesn’t know what it means understands it now, so thanks gohar for all your tips ;-)
Tbh I'm a freshman and I understand so much more noe
Ah yes another greensuma
“Together, we can stop this”
Why would we want to
@@anthonymort5202 so we can legally enjoy tax evasion (it is my passion)
i would love to
@@anthonymort5202Why would we want to keep giving the government our money?
@@JustJoshIsUnavailableBecause they will give us better infrastructure (or so they say)
''takes some of your money''
*takes the entire stash of money*
Exactly!
i was abt to say that😂😂
ohh yeah 😂
As a 13 year old, this is really helpful, although i dint get some of the stuff since its not the time yet 😂
bro explained something better in a short than an entire semester of my personal finance class 💀
edit: fixed a typo, also. the joke is that... we don't need an entire semester of class for this. the joke is not: 1. i am stupid and i didnt understand in a semester, or 2, i wasn't paying attention. stop overthinking it
edit 2: mom look im famous
lol I love this
Bro for real
So wait, let me get this straight... We pay taxes to basically live right? So why is it that when I buy something like a triple quarter pounder with not ketchup no pickles or meat I have to pay taxes? It's taxes on taxes right? Makes no sense to me
Edit: thank y'all for answering my question👍
Some items have tax, it's like needs vs wants.
i just realized i left "better" out of that comment. i m actually going insane and by insane i mean insanely stupid. "better than an entire semester" is what i meant holy crap
I swear bro has the best writing and drawings
Ur trollin
@@BlockBorfhuh
@@John7986-o2n either this individual was trolling (joking) or he was being serious (not joking) about the squiggly lines and boxes being good
The glazing is crazy.
@@BlockBorfhuh
Gohar is like a classmate who explains better than the teachers💀
Youre the only guy on the internet who explains things that school doesnt. Thats why i love youre videos❤
Very helpful! The IRS still ain't gettin anything though :D
😂. ..
Those bastards are full of sh*t and corrupt, they have let millions of billions of American taxes to go missing due to the incompetence of the US government and haven’t dont anything about it but they will send you to jail if your missing that 1 dollar
I think I hear them at your door
Don't forget that the IRS was the one to find al capone
This man actually makes good stuff so I’m sobbing so his shorts pop up in feed regularly
Bro is the school we never had
Schools have classes that teach this and way more in depth too you probably just didn’t pay attention
@@Bleeblooplu not all schools have these kinds of classes dont solely blame it on the student
I sure didnt.@@Bleeblooplu
@@BleebloopluOh I bet.
Thanks for not taking 30 minutes and actually giving good information
Bro is the teacher everyone asked for and we got
better than jesus.
@@superfun54 yeah
@@superfun54 bro based
Also: When purchasing stuff from your local malls/supermarket, their products are taxed by the gov't but since they can pass the payment of taxes to you, the consumer, they add VAT on their products' prices.
Even children cannot escape the VAT 😢
you can escape the vat by stealing
This might be a dumb question but what is VAT?
@@Lamborghini-ml9mo the sales tax
@@Lamborghini-ml9mo Value added tax IE Sales Tax
I dont remember The IRS working 50% of my 8 hr shifts😐
Real
thats not the main problem, the united states needs taxes so they can provide new buildings, a good army, good navy, good roads, and more. the problem is when they over tax us, for example, if you got taxed 20-30% that would be reasonable based on government issues, and a fix for it is taxes. part of the problem is inflation, as the usa gets more inflation, (mainly due to democrats, as they try to grow the economy in that way but im not gonna get into presidential politics) the usa has to give more tax breaks, and more social security, which means more taxes from us, as we get more promotions, etc. so we will continue to get higher taxes every year and we just have to keep up with it, i highly recommend getting into ai, tech, or government hardware such as designing aircrafts, and ships. these jobs will get you roughly 1-2 million per year if you are good at it, but remember you need a degree in engineering with a focus in robotics and or ai.
maybe lower it and stop the blatant corruption !
@@trextrexYT
Since i'm not american, can you explain why you guys have to pay huge taxes although almost everything is paid? In my country i know that we have to pay taxes because education is free and hospitals are free... Etc. but common you guys get charged unbelievable fees just for going to a hospital yet you have to pay too much taxes?
Normally, if it’s overtime or bonuses, it’s close to like 40% tax taken out. Also, social society tax, medical tax, health deductions, etc, you don’t get refund
This video probably saved so many lives
FINALLY I KNOW WHAT THEY ARE, thank you gohar.
This guy might save my life in 5 years
One of the shorts channels that help in life😂
Thank you for explaining something that’s useful. I love this guy so much. He’s just a lifesaver when it comes to basic knowledge or educational knowledge or money habits.
Thank you Gohar, I really wanted to learn how taxes work but no one wanted to explain it, but you made it very simple and clear, thanks
Bro finally explained what school never did ☠️
You just don't pay attention, they teach that in economics. Go take your notes and stop being lazy
@@RealKingFloppa even if they did, the school system is still very incompetent.
You could Google it WHENEVER
@@RealKingFlopparegular school doesn't even have economics you goofball
@@user-pk4tl2fk3n ??? My school literally teaches economics i’d even show you the book lmao
Now make a tutorial on how to evade them
Tax evasion is illegal, tax avoidance is legal!
@@Aeivioustheres a legal way
@@Aeivious
Same same GI.
We need an in depth tutorial of how to do taxes
Bro thanks for teaching me so many stuff and better enough I’m top5 in my high school
Imd
I've tried to understand it for like 1 year now and this little video closed up my questions, thanks
The hands shaking when the money got taken, I can't xD
What we should’ve been learning in school
Great video.
Please make one on how to avoid them
The dude who invented taxes, consider yourself an opp(dawg 2 months later and I got almost 200 likes…shiiii in appreciated)
Goes allt he way back past medieval times I hate those monkeys
Even Karl Marx hated taxes, you can't make this up
Fr
200 likes is nun stop tripping homeboy 🤣🤣 slow down with that BS amount
@@axsuriaa well I don’t get a lot of likes, so when ever a comment gets likes from 200 people I’ll be proud of it
U are very helpful sir i see all of your shorts. And i hope it was helpful for others too ☺️
With taxes there is also an amount in the USA which I think is like 20k a year where you pay taxes but the government gives you back the money. But only if you make 20k or less a year.
i thought it would take a semester long class to understand taxes, but this man just explained it in a yt short
It is a good explanation but there’s a ton more that this short doesn’t cover.
The way he snatched the money out of your hand was personal
Tax is a fancy symptom for the word steal
It's not stealing it's legal theft.😂
Without taxes every institution owned by the government wouldn't exist or wouldn't work. Road upkeep? Taxes Medicine? Taxes Police? Taxes Education? Taxes Firefighters? Taxes
@@mantheman11 i mean the country resources should cover that. Oil, gold, etc...
@@mantheman11 labor supporter confirmed.
@@RMXMUSIC-ju2odthen what do the citizens get? You underestimate how much it takes to run a country no less the usa
Thx for this education bro, I really appreciate this.
All while the government collects interest on the money that was overpaid, and you don't see a single cent of that intrest collected from your hard work.
I need a tutorial on how to avoid them
stop working. claim mental disability. collect welfare. cry everyday because cry is free.
That requires money
open an organization that is exempt from paying taxes in your nation or state.
like in some states or all states donations are not subject to tax if you fullfill the original object of your organization.
You can only avoid maximum amount of taxes through business only.
Buy a church. Make it your house but also keep it running as an actual church. Pressure as many donations as you can.
Him: "takes some of your money"
The video: *takes all of them*
Woah super helpful explanation!!
Who eats nuclear waste for fun 👇
Me 🥹
I like the taste of it
Bro these darn like farm bots are annoying
#STOPBEGGINGFORLIKES
#STOPTHESECRINGECOMMENTS
Damn
You earned your boss $800 so he gives you $350 and the government $50 on your behalf. Then he tells you to be angry at the government for taking money that should rightfully be yours
Ok, now go produce the same amount of product in your own house using the equipment and resources you don't own and then understand the stupidity of this question
@@mantheman11 OK. Why does he own that equipment and resources and you don't? He most likely didn't work more or harder than you for his entire life
@TheLuuuuuc he probably doesn't. Probably of that 800, uncle Sam gets 50, you get 350, he gets 100 (times 8 or 10 employees), and the rest goes somewhere up the line
@@TheLuuuuucplus whatever the government takes out of the rest of the people's pay.
@louisnall3102 First of all he doesn't have to invest time. If he just earns twice as much as you do (and as we know there are people who earn 100x what you do) he can pay someone to do his job and just earn money without doing anything for it. But let's ignore that for a second.
Okay. Why does he have the money to do that and you don't?
And I'll just answer that for you: in the majority of cases, he inherited it, and even if we would accept the absurd proposition that someone whose parents had a lot of money should have so much money that he doesn't have to work a single day in his life it still remains the question of how his parents got it. And again, they probably inherited it and so forth until we get to a smart business person a few generations ago that made a fuckton of money, probably by cooperating with a dictatorship, stealing, slave labor, being nobility or just the ol' extreme exploitation of labor during the industrial revolution
still don't get it
Which part you don't get?
@@yt159-sj6hd When we got paid too much (450$) we got 50$ from government, then we got 500$. But if we got paid too little (350$), we must pay 50$ to the government, so we only have 300$ left. don't you think this is not fair? why when we got a few payment we must spend our money, and when we got more money, we earn more money?
i still don't understand it, pls make full vid of this, detailed!!
Look it’s MY money I’m keeping it, the government just needs a job.
So, I’m not paying GOVERNMENT GET A JOB.
Those taxes are for the local school and college, police, health care and public safety.
And this is the government job
@@blackcatischillyea
Pretty sure those are not for your own people but to support a genocide.
@@blackcatischillsome of it is, sure. Some of it is also for politicians and people in unnecessary positions so they get rich off of other people's money.
@@blackcatischill I am not gonna pay for that lol
They will use it all for schools and they still need funding💀
They really don’t
@@Durtle. but they use a huge present for schools
@@elilsah what -_-
What the fuck does that mean
@@Durtle. that if you pay like 50% of your money on taxes then like 10% of the money that they get from taxes goes towards schools what don’t you understand
@@elilsah used said they use huge present for schools, how is that close to they send some of your tax money to schools?
Also that not true how they do it
Im eating McDonald's rn 💀
boycott mcdonalds
Boycott mcdonalds
Why are these people saying boycott mcdonalds?
@@Lamborghini-ml9mo because McDonald’s supports Israel who is currently attempting to genocide all Palestinians, and around 34,000 Palestinians have been slaughtered so far
Most useful information I've gotten on how to do taxes
Hamburger
Tax evasion ❤🎉
Unfortunately, avoiding is impossible. 😢
make a church as your home but keep it running. donations are now your "income".
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When the school doesnt teach you, he will
You Take my money, I will take you sanity!
Government: I can do both! Your totally welcome!
In germany u have to pay Taxes when u earnd 550€ or more, and you dont pay when u earnd 550€ or less
The way Hidden Time Wealth dives into the concept of productivity is mind-blowing. Hidden Time Wealth tips are pure gold, and I wish more people knew about them.
THANK YOU FOR THIS! I have been worried sick about taxes because I’ve never done them and thought that taxes were I had to pay thousands from my own money but with this, I know that I may not even have to pay a dime. Thank you, gohar, your a lifesaver
I always feel robbed whenever I’d look at my payout check every time. All the taxes deducted is abysmal.
Why’s this guy giving me better education then the place where I should learn it?
Basically stealing from regular people
Do you like having roads and other public infrastructure?
Thank you for telling me more than my school ever did 🙏
Ive learned more from this channel than the entire time ive been in school
Probably should have mentioned what taxes do, the amount of kids in this comment section saying “it’s my money” is wild
Yeah it's pretty amazing how the lack of common sense in this comments section, like how is a country ment to run without the govt receiving money.
Always there one artist who did a excellent job with cheap price yo!
I still don't understand... If it's possible if you could make a short explained in kid terms, I'm just asking you don't need to do that. I doubt you'll even see this 😅
I just wanna be prepared for future, you helped me understand investment a bit, thx so much!
Am I the only one, but his drawings are on point.
that actually makes so much sense
Saving this from when I’m older 100%
That money snatch was personal
The concept of Hidden Time Wealth blew my mind. It’s like finding a cheat code for productivity and defeating procrastination.
Oooooohhhhhhhh! That makes more sense now! Thank u casper
How taxes work? Here in the philippines, taxes work as fillers for empty pockets of crocodiles
400 every two week that’s a crime
Bro explains better than pretty much every school.
If you have tax credits, you get money back even if you didnt pay enough in. Thats why single moms with lots of kids love tax season
If school wont teach it, Gohar will 💪
THIS TEACHES ME HELLA MORE THAN SCHOOL AND IS WAY MORE IMPORTANT STUFF, LIKE WHEN THE HELL WILL I NEED TO KNOW HOW TO MAKE A CHARACTER ANALYSIS ESSAY😭🙏
all hail gohar for explaining taxes so we dont have to figure it out ourselves🥺
This is why you always get paid in cash and avoid paying stupid taxes that haven't helped anyone in years anyway.