700
IRS will pilot free, direct tax filing in 2024
(techcrunch.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 18 Oct 2023
700 points (98.1% liked)
Technology
59598 readers
3602 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
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
You exchange that money for infrastructure and services. You think that roads build themselves with fairy dust and unicorn wishes?
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...
Well have fun when your house burns down, cause the fire department certainly isn't gonna come there without getting paid.
And even after you pay the fire department to come out, you'll have to pay someone else to dig out a road to your house for the firetruck to drive on and then pay a third person to dig a trench to the nearest body of water so they'll have something to spray on the fire.
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.