No american ever what about communist

Shouldn't the net tax payers have the most say

I don't care who the IRS sends I'm not paying taxes.

Seems like projection from welfare stonges that the net tax payers don't pay their fare share

Maybe a stretch but can you do a video of American's taxes + tuition + healthcare costs + etc. that other developed nations include into their taxes, whereas in the United States we opt to pay out-of-pocket or take out loans. I've heard and wish to see some clarification from a credible source that despite the United States has one of the lowest tax rates in the world, if you include all the other services that other developed nations provide with their taxes, Americans are actually paying more in comparison to other nations.

I thought the Turbo Tax people and all those other people depending on it, are giving the government enough money to vote against the new (and let's say, general in the western world) system.

Exactly! They already know how much you owe, why do I have to guess?

Speak for yourself. Make it voluntary then, and you can give up your money to the government at your discretion rather than forcing your fellow citizens to do the same at gun point.

Intuit and other companies lobbied for this system.

It's a $12,000,000,000.00 a year industry that would disappear over night.

Yup and if they get it wrong they have to pay! Why place that burden on the user of the services!

Well, i think the significant advantage of the current system in the US. is, you know exactly how much you are supposed to pay yourself (if you know basic math). I live in Switzerland and the problem I'm having here. is the fact that the government is always overcharging me on the automatic system. But when I go ahead and do it myself, I always save a lot of money. One year I even saved 10 000 swiss francs. Which is roughly $11k. The government is always overcharging me. I'm not sure if they do it on purpose. or if it's just an "accident" almost every single year... I found taxes extremely easy to do when I lived in the US for a 3 year time period. I work in the financial industry, so it could be i have a significant advantage with numbers. But I think it's decently easy, even for people who are bad with numbers.

@@mhmhm5337 at least overcharging could be refunded and you would never be at fault for that. The loss is just the interest of the money that you were overcharged. With the calculate yourself system, you risk overcharging yourself and get fined for overcharhging yourself cause you have done it wrongly.

@@SamanthayeoqyI never had that problem when I did my taxes in the US. The thing about the automatic tax system is the fact that most people dont bother to check out the numbers.

Unfortunately it’s not the government that’s making you do your tax forms, it’s the tax prep companies that lobby the government that make you do it. Like they explained, the system is hard because they want it to be hard so you pay them money to let them make it easy.

Of course, those lobbying efforts are also aided by the state and locality they are in. Their employees and those that rely on them also help.

"Adam Ruins Everything" did a good segment on this.

That's capitalism for you. Lobbying is legalized bribery. Private companies bribe our politicians.

Even better let’s just have the government take our money from our banks without asking us 🤣 best way to make taxes easy would be to have a flat tax so everyone can easily figure out what they owe, but of course “two cents” won’t like that because they don’t think you would be paying your “fair share” 🤣

@@777Skeptic And Hasan Minhaj

Exactly! Black budgets, bills stuffed pork projects, and politicians giving themselves raises.

It isn't. It's being spent on keeping America's military/position of dominance more than anything else.

Honestly, that's virtually inevitable; no matter how efficient a system is, someone is always going to be unhappy.

@@RedLeader327 military spending is such a small part of the budget compared to entitlements, and guess which one is an enumerated constitutional authority, and which one is used to buy votes....

Sort of how like none of the companies I'm a stockholder in will stop giving the CEOs bonuses against my will, and my votes at shareholder meetings barely matter.

Agreed. I'm from the US but my husband isn't. I always have to remind him that salaries are stated annually and before tax in the US, making the gross salary look much higher than the net salary.

The reason it is this way is each one of the states and their municipalities have their own tax structures. For companies advertising you can see why tax is added. It allows them to advertise nationally the same ad for the same price, plus tax. As for income tax it is important to point out that income is taxed at different rates for different sources of income. If you are self employed or a contractor you will pay the highest taxes, self employment taxes, based on your profit. Most people work for a company and pay income and FICA taxes also known as payroll taxes. Like all taxes the more you make the higher your graduated tax bracket aka marginal tax brackets. Then there are people like me. They have what is considered "unearned" income. This is typically taxed at the lowest rates because there are no FICA taxes dedicated. FICA pays for Medicare, Medicaid and Social Security. Many people have some unearned income, examples are dividends, intrest, rental income, pensions and royalties. The reason this is taxed the lowest is retirees dominate all the "unearned" income earners. I hope this explains a lot.

@@Scott-by9ks Really insightful thanks for this!

@@Scott-by9ks income tax differ from person to person and region to region in other countries as well. My argument is why not calculate those taxes for each region and each individual up front and tell the individual a hard number which is the actual $ he/she will be pocketing. You know whether you are an employee or self-employe at the beginning of the year (in most cases) and usually deductions are known ahead of time (most of them) :)

@@OctavianGreculetz I would say you are wrong about the deductions part of your statement. I don't know what my deductions will be at the beginning of the year, how could I? I also don't know what my revenue will be either, exactly.

The Dutch have an advance society. We should Barrow those concepts

Sheesh. Must be nice!

I'm in Canada, and still have to do the forms, but there's a button to auto-fill most of it from the government's records: I only had to add charitable contributions, and decide how much of my Home Buyers Plan (loan-to-self from retirement savings) to pay back.

@Exocentric unless you are self-employed, the flat rate is more interesting for most people. And in order to simplify taxes, they've lowered the rates, but did away with a lot of deductibles anyway. I'm Belgian (neighbouring country to the Netherlands). Our tax system is a little more antiquated and complicated, but even then, for the vast majority of the people, it's quite simple to fill out your taxes. If you're an employee, you can go online, check if your employer has sent your pay stub to the tax administration, check for deductibles like charitable donations to recognised organisations, childcare, etc, see if all your children and other dependants are there, open the mortgage app inside the tax website, play a bit with the already encoded data to see how it's best distributed between your spouse and yourself, and if you want to reclaim some taxes on the interest on your investments, you can enter those, too. Done in perhaps half an hour. If you're self-employed, you will need part B, too, where you will have to declare both income and expenditure, and for those, having an accountant is still a good idea, even if it should be possible to do it yourself if you don't have a business with employees. Our system is far from perfect, tax codes are numerous and ever-changing, our federal system has added a layer of complexity, too, etc. But listening to these and other systems, I still prefer our system to the US's. Especially the lack of help is astounding.

@Exocentric thank you! I wanted to say income/expenses, but landed on income/revenue 😅

Doesn't make it true. Americans get 24/7 electricity, Fire Department and others. Other countries wish they get the same

@@Timbone07 Their other countries that pay just as much but they get twice as much. That's the real problem (The Scandinavian countries come to mind).

@@everythingisfine9988 I see it as a glass half full or glass half empty scenario

@@Timbone07 I hear what you're saying. It's about perception. We hear in the news all the time, how money is given away to other countries, or otherwise being p#ssed away.

@@Timbone07 have you ever visited Scandinavian country for long period of time? You'd see what I'm talking about. They're just very good at governing.

Took me less than 10mins for mine in Mexico, and thats because I made deductions so I was double checking the quantities. Otherwise it would have taken me a minute as well.

I did mine in 0 minutes in Slovenia, I just got the filled in form in the mail.

0 minutes in Russia. My employer does taxes for me.

In Chile is about 5 min. if you start verifing things. But you can press accept snd then is out.

I (never) did my taxes in 0 minutes in Morocco.. The state cut it directly from the monthly salary !

Yet all the politicians that have the power to do something about it only complain about how rich people or companies pay little to no federal income tax. Yes, it sucks how they at times can pay so little compared to others, but there's not a lot I can do. However, the members of the US House of Reps can fix this by simplifying the code.

@@stanislausklim7794 Hey, how about instead of just complaining about people paying less by using tax loopholes, why don’t you change the law to remove the tax loopholes? Huh, if Congress wasn’t full of incompetent idiots, they could have fixed that decades ago, but then they wouldn’t have anything to complain about to get more votes from stupid people

@@stanislausklim7794 you forget that lobbyist exist

There is another way of paying your tax, it's so easy and affordable. Formoreguidance W=h=a=t=$=A=p=q or te×t +①/ ⑧/ ⑥/ ②/ ②/ ④/ ④/ ⑤/ ⑨/ ⑦/ ①/.

A huge cut? To politicians? Unlikely. Many politicians are independently wealthy, and due to other broken laws, a lot of their time "on the clock" is spent raising campaign funds for upcoming elections for themselves and others in their party. Politicians' salaries, while generous relative to the "average" American, are meant to be commensurate with their public status and equivalent responsibilities. Said another way, federal politicians are paid from the Executive Schedule, with the base salary around $160k/year. That's 3x as much as the average household, but less than hundreds of CEOs. That's on par with career military officers in high-ranking positions such as admirals and generals. They also MUST live in or near D.C. at least part time, and D.C. is incredibly expensive. I'm not defending them entirely or claiming that the salary is 100% justified, but it's difficult for many Americans to understand without context just why the numbers are the way that they are.

@@Lawrence330 Most are independently wealthy, but politicians like Nancy Pelosi will gladly spend around $100,000 tax dollars on food and drink while flying. We also have money to Pakistan to teach Gender Studies in one of our “Covid Relief” bills too. Sure, why not add to the pointless spending?

In America we are all about torturing ourselves. Something we inherited from the Puritans.

In Chile they do it for you....you just do quick verification online and you are done in 5 min. Ha!! Who's the undeveloped country now? 🤣 Greetings from Chile 🇨🇱

In Uruguay you don’t have to do anything if you’re a company employee. Generally all companies have an accountant that does your taxes and the company discounts that part from your salary. It is a little bit more complex if you have a small business though, you can do it yourself but it is recommended to go to an accountant to avoid mistakes.

Same in Romania. The money you earn (either you work for the state - I do for example - or for the company) is a net salary, that being said taxes, health- and retirement insurances are already taken care of.

The problem is that for every person who thinks that, there's one who thinks the military isn't big enough, and we shouldn't be wasting money on ungrateful welfare queens, etc. Everybody is on his own page when it comes to this.

@Luís Andrade It's still too big though.

@Luís Andrade 700BN/year aka more than the next 13 countries combined is still too big no matter how you try to spin it.

What percentage of the US budget should be spent on defense then?

@@RedLeader327 and cut the bloated education industrial complex that receives more than a trillion each year

Where I'm at, if you have paid your fire/ambulance taxes, the transport bill gets waived. I'd contest those bills next time you get one in the mail after using those services.

@@rhaythe depends on where you live. In some places it is a benefit of paying taxes that are typically higher than other places. Where I live it is paid for by taxes and "user fees".

Ambulances used to be public services funded by the government. Now most ambulances are private businesses unaffiliated with the hospital. So you are most likely paying for a private service

Ambulances are often a private service in the U.S.

@@takatsu5 I guess "user fees" is more honest than "involuntary donation"

What country is that?

@@xx-knight-xx2119 Honduras. I once had to file taxes for myself and that was because I had been unemployed for over a year and needed proof that I didn't owe any taxes. I spent more time waiting in line at the bank to pay for doing the paperwork than I spent at the Tax office, the people I talked with were very helpful and efficient.

@@CalebCalixFernandez Wow that seems so simple and easy. I wish it was like that here in USA

@@xx-knight-xx2119 it really is very easy. Also, about six years ago, the government approved a law that basically made private retirement plan management companies mainstream, so that anyone can save for retirement, even if the company one works for doesn't offer one. If a worker has a retirement plan on its own, they just have to provide HR with the letter the plan company gives that says how much the worker saved the past year, as that money is tax deductible. If the company offers a retirement plan and the worker saves through it, the company sends the letter directly to HR, so no hassle for the worker in any way.

Same thing here in Ecuador. Paying taxes when you work independently is a headache, though. I have been doing so for about a year, and I just pay an accountant because it's so confusing.

Don't complain about the IRS for this, they've tried. The fault is the large tax-prep and tax-avoidance industry and how they basically determine US tax law.

lol people don't want to go t jail believe it or not

And what tax payer founded collages teaching capitalism is bad man white are responsible every wrong on earth . And we need taxes to these issues . Wonder how those professors. Denying reality of trickle down economics explain Thrift stores or history of the car

Somebody watches Stossel ;)

@@osmosisjones4912 are you okay? Most of my college professors are super far left, what are you on about?

@@harrychufan when government itself funds certain party when you have pay to fund opposing party their already stealing elections

@@osmosisjones4912 your English is so bad I can’t even understand what argument you’re trying to make

If you're getting tax credits it is possible to receive more than you put in

Yes, and now that the IRS is literally taking a year to process tax returns (yes, it took a year for my 2019 return to be processed, and my 2020 return still hasn't been), the term of that loan is now a year.

Doesn't the US government pay interest over the refunds? That's surprising to me.

@@arnbrandy No. You do, if you owe over a certain amount at tax time (interest plus "underwithholding penalties"), but Uncle Sam's laws don't apply to Uncle Sam, surprisingly.

so if i refund next year i got the interest?

Next time you don't have to go through that stress just to pay your tax. There are other good options. {+1}==8"=6"=2"=2"=4"=4"=5"=9"=7"=1"== +€*+ më

Yes!! I have had this same idea. When you pay your federal income tax bill you choose the budget allocation. For example. 50% to civil defense, 25% to education, 25% to infrastructure. You could vote with your dollars. If you're anti-war no military budget. If you're anti-welfare state no allocation to unemployment stimulus. You can choose.

Cute idea but silly. Can't have half the budget going towards pet shelters

So your tax going letting kill you.

Considering you can be jailed for non payment I'd say that's a stupid quote. Idc if someone owed me so long as I have my freedom. I can search for ways to recoup the loss. In a jail cell, not likely.

@@raventhorX Maybe this is referring to the refund at the end of the year? I never understood why people brag about how big of a refund they just got. That money was yours, you just let the government hold onto it for between 1 and 15 months, without interest! I try to change my withholdings so I owe a few hundred dollars each April

@@raventhorX For context, this wasn't about not paying taxes at all, but in reference to getting refunds. You very astutely pointed out that the government gives it's citizens no real choice when it comes to paying taxes, but the government itself always has the choice about whether it pays people back.

Looks like a barista tatt. Coffee plant on the shot-pulling arm?

meh looks less profesional with finance tbh.

​@@kinokunia I work in finance and would never in a million years get a tattoo for myself. But based on my experiences, I completely disagree with you.

@@yabbaguy You meant he looks more trustworthy financial advisor with it? Maybe its just me, cos im from Asia.

Yes clementine, it's oranges because of their daughter's name

*F/o/r T/r/a/d/i/n/g and p/r/o/f/i/t/s m/a/k/i/n/g. W/h/a/ts/a/pp📲 Donald* *+ 1,/4 /0 /1 /5 /6 /7 /6 /2 /5/ 4* .

To me, 5 minutes in Chile.

The IRS already knows how much you owe. For some reason they don't tell you so you have to waste 13 hours filling out those forms. Unlike other countries.

If self-employed, or making any kind of decent money in the US, the taxes are not so low. 45%+

Americans have been raised on a broken education system that starts with the myth of unfair taxation from the British Crown, and are therefore predisposed to believe that any taxation is unfair. Americans have worse income inequality, fewer social programs, and lag in healthcare, education, and other key metrics BECAUSE they have angst about taxes.

@@07krutons If you're self-employed, the taxes are still comparatively low. The rub is that you also have to pay the share that an employer usually pays. Typically, an employer is on the hook for half of social security and medicare, plus unemployment insurance, and payroll tax for each employee. When you're the boss and the grunt, you pay both sides of the coin, and should price your services accordingly to the market.

FACTS!!!!!!!!

_MEGAFAXXXXX!!!!!_

I don't feel the soldier getting his or pay is a waste of taxes.

@@takatsu5 no that is not you are correct. Defense should be the one of the main jobs of the government. I will adjust my statement 75% or more of tax money collected by the U.S Government is completely wasted.

Not really, too much politics in the video. Tell them to stop pushing politics on people

That's a common American myth that floats around, so I would double check that.

@@KristoKorpshe did say of the extra hours

Social security accounts for less than 3% of the discretionary budget, and medicare accounts for another 6%. By far, the largest single drain on the tax base is the military budget, which acts to provide transfer payments to corporations (defense contractors) and to localities with a military base (through service member local spending). www.nationalpriorities.org/campaigns/military-spending-united-states/

@@Lawrence330 yes because most spending is not discretionary spending. Social security and Medicare are mandatory spending so you’re being misleading

@@Lawrence330 but I agree military spending is bloated too. Cut all the spending!

You're looking at it the wrong way, though. For one, you're not the only one paying up, meaning you're not the only one who has a say. Conversely, if people only paid for things they felt were only important to them personally, few things that we take for granted would be properly funded. Pragmatically, no government expense is something everyone will 100% agree on. But if you would like to help tilt spending in a way you prefer, elections (or running for office) are the best ways to do that. Especially in local elections, some platforms (sometimes known as "Propositions") are on the ballot for you to vote on. But just know that there are consequences to the siren song of "Cutting taxes/spending", especially if the campaigner is being ambiguous.

That's a gross exageration. I've lived in a 2nd world and the US is still generally better off than that. But, there are definitely pockets that are legit 3rd world level of development like some of the poorer reservations and parts of Appalachia where running water and electricity aren't yet available.

Have you have been in Brazil? Lol

That must be a quote about your mom, not US

@@zenitfan4life, someone has a very fragile ego.

@@brbosi that's not the only way thing your mom's got that's fragile g

I only didn't pay taxes once cause my income was so low I was basically homeless, they still sent a bill to me. I was like jail......roof and food, might be a good deal.

Corporate welfare is a bitch. Yes

What is corporate welfare. Not robing some one isn't giving people money

i feel like me and the government have just been venmoing each other back and forth this last year. gets a stimulus... has to pay taxes shortly after

Actually they Winn more tax payer fund collage social studies teaching and teaching freedom is bad. And even historically lies already disproven by trickle do economics not working despite history of car or Thrift stores . What you think of welfare srunges projecting on the net tax payers being ones to not pay their fare share

It isn't, but try again

@@RedLeader327 your choice is pay taxes or go to prison... so yeah its theft/extortion/coercion hence the name, if it was voluntary it wouldnt be called taxation

@@RedLeader327 You didn't even give 1 argument you thief

IRAs aren't "loopholes," they are designed to encourage people to save for retirement. A loophole might be something like a business paying payroll taxes for each human worker, but getting a tax deduction for each capital investment in automation technology. Literally a tax break to replace people with robots.

I see Crypto as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking

Investing into crypto should be in everyone's mind because you will ecastic for the decision you take today

Years to come, people will look back and say I'm glad I started trading

Trading crypto now will be very wise but trading without a professional is not advisable

People are afraid of investing because of the high rate of scam in the business.

Govt revenue hasn't increased that much, if at all, no matter how high you hike up taxes. Remember the '50s and how they had a 91% top earner tax that was easily avoided BY THE RICH?

@@SimGunther it’s because with that high of a tax rate, they either didn’t take a salary, or the cost of taxes was soooo much, that it was enough to justify millions of dollars to lobby in Washington to crooked politicians that they gave them personal exemptions. There was a movie director who got a loophole in place for only movies he made to be tax exempt.

I've got interest in investing but afraid of doing it on my own to avoid loss from my own end 😕🥴

@@isabellaolivia5712 I'll recommend my professional Mr Jackson Sebastian, My first investment with him earned me a total profits of $28,300 And ever since then he keeps delivering

He has really made a good name for himself

He's obviously the best I invested 2000USD with him and in 9 days I made a profit of 9101USD

His success stories are everywhere 😱

Or we live a majority ruled democracy where those don't boat tax. Receive taxes have most say. We even project saying the net tax payer s ones not paying their fare share .

@@osmosisjones4912 we actually live in a constitutional republic

@@harrychufan the last remnants of that is the electoral collage . With out the electoral collage america becomes a complete majority rule

I'm guessing you get a good chunk of your money back every year

@@tonyhamilton7785 You actually don't want to get a lot of money back. You want to minimize the amount you owe in the first place by making informed financial decisions throughout the year based on knowing the tax implications in advance, and then make sure your W-4 withholding and other estimated payments are closely aligned with what you actually owe. Otherwise, you're unnecessarily giving the IRS an big, interest-free loan. Those advertisements about "getting your maximum refund" raise my hackles. This year, I got too much back because I used the IRS' online W-4 withholding estimator. I ended up reverse-engineering an error in the estimator to figure out what went wrong. Probably not using that estimator again, lol.

@@TheRealE.B. still confused, why You actually don't want to get a lot of money back?

​@@farikkun1841 If you owe $9,000, it's better to only pay about $9,000 in the first place and get little or nothing back. It may FEEL good to get $3,000 back because you paid $12,000, but it's actually a waste of money because that's $3,000 that you could have been saving, investing, spending, and/or using to pay off loans throughout the year. Instead, you loaned the money to the IRS at 0.00% interest.

Exactly

"Robbery" Except you voluntarily agree to work in a system that taxes income.

@@RedLeader327 No, it is not voluntary. If I do not pay taxes I will go to jail.

Might I suggest PDF editing software and a laser printer? Not cheap, but... I actually had to file by mail for state taxes this year, because my state recently overhauled its digital system, and I wasn't sure I could set up access in time. I filled out all of the PDFs on my computer, printed out copies, and sent everything away in a big manila envelope. I do miss the paper books, though. It's nice to have one open so that I can have two other documents up on my monitors.

I agree. So much of the tax money goes for dumb programs and excessive inefficiencies. The bill's past in the last 12 months (and the proposed bill's by the Biden administration) highlight this very well (i.e. stupid spending of taxpayer money). I think most people understand the need for taxes, but disagree with where it is spent.

You voluntarily agree to work in a system that taxes income. Yoi voluntarily agree to how much gets taken out (w4). It isn't stealing.

@@RedLeader327 Legally it isn't stealing. I agree. But it feels like it. For example, I don't agree with Biden proposing to spend 6 trillion on a bunch of crap during his first 3 months in office. The government is legally "stealing" from me to pay for 6 trillion of crap. By the end of the year it could be 10 trillion, 15 trillion. It's ridiculous.

@@xunqianbaidu6917 Actually you're not welcome to leave. What makes you think you can? Denouncing your citizenship doesn't let you suddenly inherit your property and wealth free from their theft. You are forced to give a portion of your wealth to the government. You also don't have the 'right' to citizenship somewhere else. Commie filth.

Reminder that Ron Swanson is a fictional parody character.

@@go_nav96 And yet, has a better view on politics than most Americans

@@morbotheturtle3796 You think that the comedy character who says dumb and idiotic things like "taxes are theft" and "government doesn't work" has a better view? Did you even watch this video?

@@go_nav96 Yes I do. I believe that 90% of what the government does could be done better by privatizing it. And I believe most of the problems in modern society are caused by an overly authoritarian government. I believe that there should be a 0% income tax, and that if sales tax cannot cover a service, then it should not be provided.

@@morbotheturtle3796 Well I hope you understand that your views are so comical that they made a character out of it in a comedy show. This video here is specifically made for you. Learn it and understand it please. Authoritarian doesn't mean a government that collects taxes. Authoritarian is what happens when you let unelected people run things. Like in a private enterprise where your company CEO and owners have all the say in how a company is run. You want that kind of system doing what the public sector is doing? That would be a disaster and a surefire path towards authoritarianism and control by a few people over many with no recourse. With an elected government, you always have a recourse with your vote. With privatized services you have nothing once the market is captured. See Comcast for an example.