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Tax help from the Snook

Discussion in 'Alley of Dangerous Angles' started by The Great Snook, Apr 7, 2008.

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  1. Blackthorne TA

    Blackthorne TA Master in his Own Mind Staff Member ★ SPS Account Holder Adored Veteran Pillars of Eternity SP Immortalizer (for helping immortalize Sorcerer's Place in the game!) New Server Contributor [2012] (for helping Sorcerer's Place lease a new, more powerful server!) Torment: Tides of Numenera SP Immortalizer (for helping immortalize Sorcerer's Place in the game!)

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    Remove all ads!
    It's mainly complicated because of all the different sources of income as well as all the different kinds of deductions. If all the man did was take money out of our paychecks (which he does) it would be simple.

    And that's just for the feds. I have to do essentially the same thing for my state (which thankfully gets much of the info from my federal forms). Then I also have sales taxes, property taxes, utility taxes, fuel taxes... you name it in this country/state, it's taxed.
     
    Blackthorne TA, Apr 8, 2008
    #21
  2. joacqin

    joacqin Confused Jerk Adored Veteran Pillars of Eternity SP Immortalizer (for helping immortalize Sorcerer's Place in the game!)

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    I doubt we have any less taxes over here, Sweden isnt exactly known for our low taxes. ;)

    I am not sure how it works if you have your own company but I guess it is a bit more complicated but the rest of the stuff you mention is all in the same form here. If you have complicated business you will have to spend quite some time to fix your taxes here as well but for ordinary wage working joes all you need to do most of the time is sign if things look ok. All extra incomes do have to get filed separetely somehow though like selling stock or real estate or whatnot but thats stuff as I understand you can quite easily add to the basic form. I dont know, I generally tend to trust the man for some reason.

    Dont you pay the fuel taxes when you buy the fuel though? Isnt it just bunched up with the purchase price?
     
    joacqin, Apr 8, 2008
    #22
  3. Blackthorne TA

    Blackthorne TA Master in his Own Mind Staff Member ★ SPS Account Holder Adored Veteran Pillars of Eternity SP Immortalizer (for helping immortalize Sorcerer's Place in the game!) New Server Contributor [2012] (for helping Sorcerer's Place lease a new, more powerful server!) Torment: Tides of Numenera SP Immortalizer (for helping immortalize Sorcerer's Place in the game!)

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    Oh yes, it's only the income taxes that are complicated. Everything else is billed to you. And if you are a regular joe with a job and that's basically it for income, the income taxes are easy to do too.
     
    Blackthorne TA, Apr 8, 2008
    #23
  4. T2Bruno

    T2Bruno The only source of knowledge is experience Distinguished Member ★ SPS Account Holder Adored Veteran New Server Contributor [2012] (for helping Sorcerer's Place lease a new, more powerful server!) Torment: Tides of Numenera SP Immortalizer (for helping immortalize Sorcerer's Place in the game!)

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    Hey, TGS -- do you feel left out?
     
    T2Bruno, Apr 8, 2008
    #24

  5. The Great Snook Gems: 31/31
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    @Martug

    If your charitable contributions are being limited because you don't have enough AGI (adjusted gross income) to take them, then they do carry forward to the next five taxable years.

    @T2

    No, I had a really busy day yesterday. No offense to the mod who moved this thread, but that is the reason I put it in Whatnots. I knew I should have also created a thread in the Alley for people to bitch and moan about taxes in general :)
     
    The Great Snook, Apr 9, 2008
    #25
  6. Taluntain

    Taluntain Resident Alpha and Omega Staff Member ★ SPS Account Holder Resourceful Adored Veteran Pillars of Eternity SP Immortalizer (for helping immortalize Sorcerer's Place in the game!) New Server Contributor [2012] (for helping Sorcerer's Place lease a new, more powerful server!) Torment: Tides of Numenera SP Immortalizer (for helping immortalize Sorcerer's Place in the game!) BoM XenForo Migration Contributor [2015] (for helping support the migration to new forum software!)

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    AoDA's the place for posts with more serious subject matter. I don't think that a serious thread about taxes fits into Whatnots.
     
    Taluntain, Apr 9, 2008
    #26
  7. Harbourboy

    Harbourboy Take thy form from off my door! Veteran Pillars of Eternity SP Immortalizer (for helping immortalize Sorcerer's Place in the game!)

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    So what you're saying is that the American system is not actually that complicated, but all of you guys here are owners of multiple businesses and have a diverse portfolio of other incoming earning investments, so that makes your tax affairs more complex?

    None of you are "Average Joes" then, like me, Barmy Army, and Joacquin?
     
    Harbourboy, Apr 9, 2008
    #27
  8. Drew

    Drew Arrogant, contemptible, and obnoxious Adored Veteran

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    When people talk about how complicated the American tax code is, they are usually talking about the tax code as a whole. From the standpoint of an end-user who works for a living, it couldn't be more simple. I would have to strongly question the intelligence of someone who can't fill out a 1040EZ or a 1040A. Short of being illiterate or stupid (and I mean really stupid) your basic tax form is painfully easy (if mildly irritating). As mentioned by other posters, it only gets complicated if you have unconventional sources of income...just as it would in your neck of the woods.
     
    Drew, Apr 9, 2008
    #28
  9. Aldeth the Foppish Idiot

    Aldeth the Foppish Idiot Armed with My Mallet O' Thinking Veteran

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    I think that depends on whether you use the long form or the short form. The short form is only good if you take the standardized deduction. If you want to itemize the long form takes (appropriately enough) a long time to fill out*. From my experience, I have not been able to use the short form since I was living in an apartment. Generally, once you get married, or buy a house, or have a kid, or have a 401k plan, or make donations to charities or non-profit organizations, etc., you have to do the long form.

    * Although some people are making it sound like the long form is absolutely dreadful. It takes a few hours to get all of your paperwork together and fill everything out if you're doing the long form. The short form can be finished in about 15 minutes - and I agree with Drew that any semi-functional person should be able to fill it out without problems.
     
    Aldeth the Foppish Idiot, Apr 9, 2008
    #29

  10. The Great Snook Gems: 31/31
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    I agree. I was hoping the thread wouldn't become a serious discussion about taxes, but would be more of a "help thread" along the lines of "what video card should I buy" in Techno-magic

    [I don't see why it can't be that in AoDA. -Tal]
     
    Last edited by a moderator: Apr 10, 2008
    The Great Snook, Apr 10, 2008
    #30

  11. The Great Snook Gems: 31/31
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    Well, I'm officially done (as far as I'm concerned). All my clients are taken care of or are on extension. In a few more hours it will be time to relax and unwind at the end of tax season party. Now I can turn my attention to more pleasurable things (Little Snook's soccer team).
     
    The Great Snook, Apr 15, 2008
    #31

  12. The Great Snook Gems: 31/31
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    With 4/15 rapidly approaching I feel the need to resurrect this thread in case anyone needs any assistance.
     
    The Great Snook, Apr 2, 2010
    #32
  13. joacqin

    joacqin Confused Jerk Adored Veteran Pillars of Eternity SP Immortalizer (for helping immortalize Sorcerer's Place in the game!)

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    Dude, do you have so little work to do that you want to spend your leisure time at home helping strangers on the web? Very thoughtful mate :)

    I am upset that I got only a fourth as much in tax returns as I am used to. :(
     
    joacqin, Apr 2, 2010
    #33
  14. Splunge

    Splunge Bhaal’s financial advisor Adored Veteran Pillars of Eternity SP Immortalizer (for helping immortalize Sorcerer's Place in the game!) Torment: Tides of Numenera SP Immortalizer (for helping immortalize Sorcerer's Place in the game!)

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    I need help with a FAPI appeal...
     
    Splunge, Apr 2, 2010
    #34

  15. The Great Snook Gems: 31/31
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    Well, I'm already working a million hours a week. Spending a little more time and helping out people is actually theraputic.

    Sheesh didn't I already cover this. See post #10 :D
     
    The Great Snook, Apr 3, 2010
    #35
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