Cuz taxes didn't suck enough ...

[Hildebrand]

Just curious Pigasus do you plan someday to collect Social Security or Medicare?  If the answer is yes why the complaint about self implement tax?  You are your own employer and somebody has to make deposits into the system if you are to draw back out.

Don't get me wrong I am not pro tax anything nor do I want to start a tax battle, but I think sometimes we start complaining about a tax just because its a tax before realizing there is a benefit.  On the income tax I am right there with you, if they gave me power to change one thing I would institute a federal sales tax.  No income tax only pay tax on what you spend.

I know there are varying beliefs as to how long SS and Medicare will be available but I also remember getting the letters saying SS would be broke by 2018 and its still going.

Just my $.02

Todd

[PigasusStudio]

20 hours ago, Hildebrand said:

Just curious Pigasus do you plan someday to collect Social Security or Medicare?  If the answer is yes why the complaint about self implement tax?  You are your own employer and somebody has to make deposits into the system if you are to draw back out.

Hi Todd,

Rational conversation and discussion is always welcome!

My comments on sales tax complexity are a definite complaint, no doubt, and I can see how that would color the reading of the rest of it.

My  comments on income tax complexity are more expressing a woe, if you will. I do intend to be mobile, so this one will affect me at some point, though in a much less complex way than the sales tax. Also, there is a bill being considered which would greatly reduce the burden on the mobile workforce so there's the potential for relief on that in the next few years.

My comments on self-employment tax are not so much a complaint as expressing an "ouch". It's also an element which, in my experience, many writers, artists, crafters, real estate agents, etc. don't remember to weave it into their accounting so I tend to mention it now just by sheer habit. Yes, we do get a deduction related to it when paying income taxes, and yes, in theory we'll get it back someday (on that I'm in the "hopeful but I'll believe it when I see it, they still have 20 more years to fitup" camp), but still, it's a pain point to carve out that extra 7.65% of all revenue and set it aside with the rest of the taxes (fed, reg fica, reg medi, state, and local).

Now, if that proposed federal sales tax / no income tax is a flat tax across the board for everybody, every business, and everything -- no loopholes, no exemptions, no deductions -- well, that wraps up the income and sales tax into one nice neat bundle and I'm in, I'll vote for you. :0)

Edited July 28, 2019 by PigasusStudio

[JerseyFirefighter]

https://www.taxjar.com is a way of handling the growing complexity of the tax codes countrywide. It is however a shame that companies like this or turbo tax can thrive on an ever increasing complex tax code so that the layman is forced to sub out services. 

[JLSleather]

 

2 hours ago, PigasusStudio said:

in theory we'll get it back someday (on that I'm in the "hopeful but I'll believe it when I see it,

Makes me think of ALL THE TIMES I saw a doctor or dentist and waited in line behind 3-5 people who DO NOT WORK (and some NEVER HAVE) despite their being nothing wrong with them.  WHO do we think is paying for that? (hint:  when doctors/hospitals have patients who don't pay, costs for YOUR visit are jacked up to recover the losses)

1 hour ago, JerseyFirefighter said:

companies ...thrive on ...sub out services. 

Yup.  You PAY lawyers BECAUSE OF lawyers.