- Dołączono
- 15 Gru 2015
For decades now, decades, I have seen silly American posters not grasp this concept and blather on embarrassingly about the lengths they would go to, to avoid being placed in a higher tax bracket.
Russell Greer vs. Viatron Corporation, A-26-937678-C
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- Dołączono
- 18 Lip 2017
In fairness to them, the US Tax Code is intentionally obtuse.
- Dołączono
- 27 Lis 2021
I honestly thought the same until I saw a random youtube or facebook short while doomscrolling that explained it.
- Dołączono
- 4 Lut 2013
He thinks a stay of discovery means the game is on pause and neither side is allowed to collect evidence. I am not joking.
- Dołączono
- 15 Sie 2024
- Dołączono
- 4 Lut 2013
Actually I think I confused what thread I was in. Is discovery even stayed in this case? Russel has so much fucking ongoing litigation.
- Dołączono
- 15 Sie 2024
No, wrong thread.
This is the ViaTRON litigation that he just agreed to enter into arbitration for.
But Greeee has made it a big fat crossover by bitching about Hardin.
- Dołączono
- 27 Maj 2019
Hey, our Amerimutt taxes are nobody's business but our own, and the professionals at H&R Block dot com's personal digital chat assistants.
- Dołączono
- 16 Gru 2023
However, a progressive tax is not THAT difficult to understand. Everyone should be capable of understanding the basics of it.
- Dołączono
- 4 Mar 2019
Maybe people just don't want to pay more tax?
- Dołączono
- 21 Lis 2020
There are a few programs with hard cutoffs where in theory you could end up negative if you earn more, but obviously, as discussed, the base tax rate is not it. I think, for instance, the Earned Income Credit is a hard cap instead of a gradual phase-out.
- Dołączono
- 16 Gru 2019
Americans, if asked if they want a penny: Sure, fuck me that's cold hard cash.
Americans, if asked if they want a dollar, taxed at 33%: fuck no, that shit is taxed.
Americans, if asked if they want a dollar, taxed at 33%: fuck no, that shit is taxed.
- Dołączono
- 27 Sty 2020
The best explanation of the US income tax system I've ever read is from John Brooks' celebrated 1969 work, "Business Adventures". Despite looking scary, this is a surprisingly easy read, and there's a reason why it's widely considered be one of the best business books ever written (it's easily my favourite business-related book of all time).
The origin story of the tax system and some of the ways it's been fiddled with over the years is really quite interesting. Stuff about how the highest marginal tax rate may look frightening in isolation, but how through the use of deductions and other carve-outs, the actual rate of income tax payable is nowhere nearly as excessive.
For example. in 1960 the highest income tax rate was 91% on an individual income of > $200k, however the actual tax paid by a taxpayer in the highest tax bracket was around 44% on average.
Sure, this work is nearly 60 years old, but the complication and opaqueness of the tax system (not just in USA, but tax systems around the world) still applies, and probably will until the heat death of the universe.
- Dołączono
- 27 Paź 2021
Yes, but basic marginal rates - which are laid out very very clearly in every irs publication or internet "how do taxes work" search result - are not.
- Dołączono
- 10 Lis 2015
You have no idea. Wealthy people and businesses basically have to submit a number and hope it's right
- Dołączono
- 22 Maj 2022
The portion of a settlement that represents back pay is still treated as wages, just as if it had been paid on time. That it is a settlement does not change the character of the income. The IRS usually follows the parties' determination of what the settlement is for, but it still depends on all the facts and circumstances—in a claim for employment discrimination, some portion is typically treated as wages because doing otherwise is just not credible.
- Dołączono
- 16 Gru 2023
Which is perfectly legal. You just have to square up if you were under by a small amount. If you really screw up though and undershoot by a significant amount, you will end up with an audit.
- Dołączono
- 22 Lip 2016
Tell me about it!
At the company I work for (small, construction-based, income after expenses under $2.5M), for 2025 both my numbers and our CPA numbers matched EXACTLY. Tell me why, then, when we actually submitted them that the IRS came back and said that we were getting a refund of about $33k? I mean, I don't mind the refund and the owner was ecstatic, but WTF? Both an experienced amateur and a certified professional ran the numbers, came up with the same one, and the IRS still said WRONG! So confused.
- Dołączono
- 27 Lis 2021
As Rekieta would say you're a bullshit liar
The Government would never in a million years voluntarily admit you overpaid even a penny in taxes.
- Dołączono
- 2 Sie 2022
Government is inclined if they can to make every adverse assumption possible ans that you owe them oodles when you dont. This is actually less of a problem with all the extra reporting they demans but basically miss a form and they cab assume worstcase for you best case for them
Also if you get a letter from them they fail to tell you the three years to amend a personal return rule and just threaten jail. Why? So youll pay up even if you dont owe. They are greedy and evil as it gets. Just.. Somewhat restrained by a handful of rules you have to know or pay a CPA for.