Restaurant wait staff working tips, (at el)... look out! Risk Mitigation from the revenuer”s shouldn’t be at the top of anyones plan, but it’s going to be. I reckon we’re all considered tax cheats until proven otherwise.
Flat tax is much more equitble than this bull... besides, paying for a full service accountant is getting expensive, but it’s “deductible” right? Increasing the standard deduction took care of any deductibles that middle income wage earners could leverage to keep their hard earned money in their pockets.
My only wish is that individuals could refuse these government handouts.
I don’t need the extra income on my taxes to be honest, but they send me these checks and they don’t even ask me if I want them or not! Which is total BS.
However, if you do not use the stimulus checks and save them for upcoming taxes I guess from an accounting perspective the sheet might balance itself out. Maybe... but it remains OPM (other peoples money) and that might not be constitutional.
ICYMI last go ‘round, if the government pays students loans guess what the government’s going to do? They are going to tax that money that students were given to pay their loans onto their individual taxable income.
Convoluted, confusing, and entirely unnecessary. It’s time for a flat tax... but even that will creep.
My neighbor was a beautician who owned her own business. She only filed the checks and credit cards for 30 years or however long. Now she complains she only get 850 a month social security. People don’t realize that in the end they will be screwed. I’m sure they saved a few bucks over the years but in the long run they really didn’t