Please do a 10,000 hour long video on how to fill out the U.S Tax forms. Make it into 1 hour long videos and break it down into episodes and seasons. Introduce new characters with different life issues so we can see how it's filled out differently. Many Americans will thank you.
I still don’t understand why it isn’t automatically done for you like in loads of other developed countries. In the UK it’s taken out your pay before you see it.
Because congress does not work for the people but instead for the tax preparation companies. Tax preparation companies like TurboTax lobby congress and give them campaign contributions.
1. We use a progressive tax system 2. It IS deducted from employee wage/salary automatically. The thing is the deductions, adjustments, credits, debits all apply to people who make money OUTSIDE of being employed. I haven't worked a job in about 6yrs. I've been buying and selling stock equities. I am NOT employed. Therefore I have to do my own taxes, it is not automatic for me. My cousin works for the state child services department. That's his only source of income. These deductions are automatic for him. 3. Filing taxes exist for two reasons. Employees file taxes so that they can get their tax returns for the previous year of paying taxes. You will NOT receive your refund unless you filed. The other reason we file is for all of those who make money OUTSIDE of being employees like I mentioned. BOTH groups are eligible for various incentives and credits which can earn them a tax refund. 4. Tax refunds are checks we receive for "paying stuff." The IRS has a list of things we can count against our salary/wages for the year. If you do not file them in to factor against your earned income, then you won't receive it. Someone who has no children might receive a $2000 return. Someone working that same job, for the same salary, but has a child, will receive $3500. (Just an example to illustrate the importance of filing. The government isn't magically aware of our circumstances.) Hope this cleared your confusion. The primary issue for Americans is that K-12 Public Education does not teach us about filing taxes. Maybe some schools offer it as an elective course. But it is not standard required course across the board. (K-12 means Kindergarten to 12th Grade ~5yrs old to 18)
This is silly. If taxes were easy, everyone could do them. That's not the goal of taxes. The goal is to make them too complicated for anyone to do correctly.
It depends on how complicated a life you have. Mine’s not, so I’m not too worried. But if you went off the deep end and tried every bit of day trading, airbnb hosting, mlm scheme under the sun, then it’s going to be a nightmare.
Is the postage that online merchants collect included in the adjusted gross income, since there is no benefit gained? If I sell items online throughout the year and collect postage from every customer, but then use that money to pay for the postage, is it still included in the adjusted gross income, or can it be deducted from the adjusted gross income total?
Our tax burden is atrocious. I'm a low middle income person paid more taxes than Amazon per capita. So unfair for citizens like myself to finance our government while Apple and Amazon amass fortunes and pay zero taxes.
How Human Nature Works Human nature is the desire to receive, also called “desire to enjoy,” and it functions by receiving what is beneficial to itself and rejecting what is harmful. Everything in our lives is built upon this calculation where we first try to distance ourselves from harm, and then seek how to draw ourselves closer to what is beneficial. Human nature also includes a multilayering of systems that work simultaneously on still, vegetative, animate and human levels. One of those systems is our bodily one, which operates involuntarily. If our bodies are healthy, then they know what is good for them and draw that goodness to themselves. After the bodily system, there is the emotional system, which also functions relatively according to instinct. From the emotional system, we move to the mind, and from the mind to the intellect, and so on. That is, we have systems over systems that concurrently work on receiving what is beneficial and rejecting what is harmful. Such is human nature and the essence of our lives. Our every desire, thought and action operates according to the calculation, “How can we receive what is most beneficial to us and reject what is harmful?”
Good question. Cause that makes no sense. Judging by their definition, adjustable gross income can be equal to your gross, but never greater, because its all about what you did that would reduce the amount of actual working income you have. If your income is more, it may be a penalty for something, but I have no idea. Don't get me to guessing. That's crazy.
Please do a 10,000 hour long video on how to fill out the U.S Tax forms.
Make it into 1 hour long videos and break it down into episodes and seasons. Introduce new characters with different life issues so we can see how it's filled out differently.
Many Americans will thank you.
lol
I still don’t understand why it isn’t automatically done for you like in loads of other developed countries. In the UK it’s taken out your pay before you see it.
Because congress does not work for the people but instead for the tax preparation companies. Tax preparation companies like TurboTax lobby congress and give them campaign contributions.
1. We use a progressive tax system
2. It IS deducted from employee wage/salary automatically. The thing is the deductions, adjustments, credits, debits all apply to people who make money OUTSIDE of being employed. I haven't worked a job in about 6yrs. I've been buying and selling stock equities. I am NOT employed. Therefore I have to do my own taxes, it is not automatic for me. My cousin works for the state child services department. That's his only source of income. These deductions are automatic for him.
3. Filing taxes exist for two reasons. Employees file taxes so that they can get their tax returns for the previous year of paying taxes. You will NOT receive your refund unless you filed. The other reason we file is for all of those who make money OUTSIDE of being employees like I mentioned. BOTH groups are eligible for various incentives and credits which can earn them a tax refund.
4. Tax refunds are checks we receive for "paying stuff." The IRS has a list of things we can count against our salary/wages for the year. If you do not file them in to factor against your earned income, then you won't receive it. Someone who has no children might receive a $2000 return. Someone working that same job, for the same salary, but has a child, will receive $3500. (Just an example to illustrate the importance of filing. The government isn't magically aware of our circumstances.)
Hope this cleared your confusion. The primary issue for Americans is that K-12 Public Education does not teach us about filing taxes. Maybe some schools offer it as an elective course. But it is not standard required course across the board. (K-12 means Kindergarten to 12th Grade ~5yrs old to 18)
@@musak.4068 Confusion creates an opportunity by the government to misappropriate
@@SB-xz3it I agree
This is silly. If taxes were easy, everyone could do them. That's not the goal of taxes. The goal is to make them too complicated for anyone to do correctly.
It depends on how complicated a life you have. Mine’s not, so I’m not too worried. But if you went off the deep end and tried every bit of day trading, airbnb hosting, mlm scheme under the sun, then it’s going to be a nightmare.
@@saahiliyer11 yup
I haven’t paid my taxes since 2003! The irs can *SMD*
😂
What do they do? Do you have your wages garnished or passport revoked?
@@ThePeterDislikeShow wouldn’t you like to know mr fed man?? 🤨🤔
@@Qwsgwx no taxation without representation
Very informative
I don't understand why many of us have to hire someone to see how much they owe the govt.
Is the postage that online merchants collect included in the adjusted gross income, since there is no benefit gained?
If I sell items online throughout the year and collect postage from every customer, but then use that money to pay for the postage, is it still included in the adjusted gross income, or can it be deducted from the adjusted gross income total?
Our tax burden is atrocious. I'm a low middle income person paid more taxes than Amazon per capita. So unfair for citizens like myself to finance our government while Apple and Amazon amass fortunes and pay zero taxes.
Good timing to post this? Yeah
How Human Nature Works
Human nature is the desire to receive, also called “desire to enjoy,” and it functions by receiving what is beneficial to itself and rejecting what is harmful. Everything in our lives is built upon this calculation where we first try to distance ourselves from harm, and then seek how to draw ourselves closer to what is beneficial.
Human nature also includes a multilayering of systems that work simultaneously on still, vegetative, animate and human levels. One of those systems is our bodily one, which operates involuntarily. If our bodies are healthy, then they know what is good for them and draw that goodness to themselves. After the bodily system, there is the emotional system, which also functions relatively according to instinct. From the emotional system, we move to the mind, and from the mind to the intellect, and so on. That is, we have systems over systems that concurrently work on receiving what is beneficial and rejecting what is harmful.
Such is human nature and the essence of our lives. Our every desire, thought and action operates according to the calculation, “How can we receive what is most beneficial to us and reject what is harmful?”
Clickbaity? Thought the video was about Artificial General Intelligence (AGI)
my agi in ragnarok online, wizard class is 70
So why is my taxable gross significantly higher than my gross income?
Good question. Cause that makes no sense. Judging by their definition, adjustable gross income can be equal to your gross, but never greater, because its all about what you did that would reduce the amount of actual working income you have. If your income is more, it may be a penalty for something, but I have no idea. Don't get me to guessing. That's crazy.
I wish we'd all revolt and pay a flat tax equal to what would raise the same revenue, and refuse to play their game.
Just put 0 in all box 😮
Congress wrote the tax code so the little guys like us have to pay more taxes to make up for the taxes rich people don't pay.
Clickbaity? Thought the video was about Artificial General Intelligence (AGI)
Clickbaity? Thought the video was about Artificial General Intelligence (AGI)