What Do You Mean I Can't!

[Kamog]

Well, paying more taxes each year might be a good thing if you're paying more because you're earning more. Or maybe they just raised the taxes, that's bad...

[Jack Simth]

Originally posted by Atrocities:
"I want to speak to a Klingon Translator immediately!"

Don't ask for one - translators who speak Klingon exist. I've seen one. I don't think you REALLY want to try the forms in Klingonese.

[mottlee]

Originally posted by Kamog:
Well, paying more taxes each year might be a good thing if you're paying more because you're earning more.
Yes


Or maybe they just raised the taxes, that's bad...

Yes

[AMF]

You'd be amazed at how useful a good accountant can be. Odds are, they could take the same information and file a 1040 with Sked-A for you and get you lots of money back. I used to do my own taxes, until three years ago a friend convinced me to use her accountant and since then every single year I've gotten money back. Some of it very significant. It's nice. And accountants don't charge too much, usually it's a fixed fee. I strongly reccomend one, especially if you've got any sort of assets - like a house...


EDIT: some truly horrendous spelling mistakes.

Originally posted by Loser:

quote:

---

Originally posted by Kamog:
I've never prepared my own tax return because I find the process incomprehensible.

I don't know how many times I've stopped a roommate from going to some tax place.

"Hold on, what have you got there. W2s and... nothing else. Ookaay, sit down. We've got you a 1040EZ and the direction. No, we're going to do these. It's not going to be that hard, it won't take as long as driving to the mall, and next year you can do them yourself."

Of course, this is my first year as a homeowner and landlord, so I'll be having a professional look into it. Next time it'll jsut be me, of course.

But really, if all you've got to deal with is a W2 and a 1040EZ (assuming you're in the U.S., which Kamog might not be, I don't recall), then there's little reason not to tackle it yourself.

---

[ April 23, 2004, 17:50: Message edited by: alarikf ]

[Krsqk]

Originally posted by alarikf:
...since then every single year I've gotten money back. Some of it very significant. It's nice.

If you're getting a lot back, you might want to consider claiming more exemptions on your W-4. The government can't earn as much on your money for you as you can.

[Wardad]

Maybe an accountant can save you money.
Turbo-tax and I do a good enough job. I really doubt the accountant will save me his $320 fee.

[Atrocities]

I am a firm believer that your tax rate should be based upon a percentage of your income. The more you make the more you pay. The less you make the less you pay. Right now the lower income people, me, pay 90% of the nations tax while rick SOB's like Bill Gates and such pay less in tax than a coctail waitress. (Predeiums, right offs, expenses, etc)

The rich always complain that people are trying to take their money away, well to them I say walk a meter in my shoes and see how the RICK steal from us.

No I would support any legislation that would make the rich pay more because it is only fair. Think of it this way...

A person earning 25k a year (Poverty level) pays 30% of that income into Federal income tax. They also pay sales, property, auto, and tax on just about everything else they buy. so the true tax rate is closer to 32% of their income.)

A person earning 250k a year pays 2.5% in tax.

The rich get to keep a greater percentage of their income while the greater percentage of the poors wages are taken in tax. This means the poor are burdoned with a greater tax than the rich and no matter how hard they work, they can never get ahead.

The rich get richer and the poor poorer. And the truly sad thing is NO ONE wants to do anything about it because those who have the power to change the rules are the rich.

So we poor slaves of economic unviable are condemed to rot our lives away slaving in a dead end job with no real hope of ever truly being economically able to aford our financial freedom.

While the Rich go play golf and yache around the world, we will continue to get up at 5 a.m. and drive to our dead end low paying jobs where we will work until we are too old to do so and then be forced to retire and live on a scrap of change every month because the money we spent a life time saving is worthless having been out paced by infalation and economic costs.

No I would not shed one tear for those rich SOB's. Make them PAY the Tax after all it has historically been the poor who have died in this countries wars and who's blood has throughout history paid the morgage on their way of life.