IRS will pilot free, direct tax filing in 2024::Direct File is a shot across the bows of Turbotax, H&R Block, and others who have resisted free and simple tax filing for decades.
Be cooler if we didn’t have to pay tax at all…
At a 20% tax rate (relatively low) over a 5 day work week, you will work 1 whole day and receive ZERO money from it. It gets washed away to taxes
We have progressive tax rates so you’ll be paying less than 20%. A simple example using your single week of work would have you paying 0% for day 1, 5% for day two, 10% for day 3, 15% for day 4, and 20% for day 5. Assuming you make $100 a day/$500 a week, this would put your tax bill at $50 for the week or 10% even though you hit the 20% bracket.
Well have fun when your house burns down, cause the fire department certainly isn’t gonna come there without getting paid.
I wanted to write a clever, sarcastic reply to this, but I couldn’t come up with anything.
Suffice it to say taxes are what fund society at large. Roads, schools, etc. If you lived on an isolated island without any access to the benefits of society, I’d say you have a point, but you’re using the Internet, so…
Wait, there was no direct tax filing?
Why can’t they pre fill in the form and ask us if it’s correct. The cast majority of us have pretty straight forward filling is.
Because Intuit and H&R Block have given more money to have it stay the same than anybody has for simplifying it.
Can’t like… a few million of us put a dollar in to make a big enough bribe to counter these assholes’ bribes?
a subset of lucky taxpayers in as many as 13 states
This makes it sound like some dystopian survival lottery.