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#Income Tax
mitchipedia · 1 year
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Cory Doctorow: “If you were unfortunate enough to e-file your US tax using HR Block, Taxact or Taxslayer, your most sensitive financial information was nonconsenually shared with Facebook, where it was added to the involuntary dossier the company maintains billions of people, including people who don't have Facebook accounts.”
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This short article is a must read.
👆
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phoenixyfriend · 6 months
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Reminder to self: look up possible case studies for "no income taxes applied until cost of living is achieved."
Currently, income tax is not applied to income of less than 14,700 (single, under 65), which is right about where the national poverty line is. The lowest living wage in the country is about twice that (South Dakota). What if federal income taxes didn't need to paid on income of, say, 30k or less, and state income taxes didn't need to be paid until... IDK maybe a county-by-county minimum? Local taxes are a thing, so that could play another level?
I'm sure SOME place has implemented a variation of this at some point. I'll have to look into it.
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newyorkthegoldenage · 1 month
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A crowd storms the federal tax bureau at Court Street in Brooklyn to file their returns, March 14, 1929. In those days the deadline was March 15; it wasn't changed to April until 1955.
Photo: Bettmann Archive/Getty Images/Fine Art America
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mud1888 · 17 days
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bobjackets · 3 months
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Where’s Banner?
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cheshirelibrary · 1 year
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entitledrichpeople · 3 months
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It's worth noting that Federal Income tax, despite how much it still favors the wealthy, is one of the most progressive US taxes, the poor are disproportionately affected by sales taxes, local taxes, state taxes, etc. This is about as good as it gets for US taxes and it's still an extremely corrupt system that fails to properly tax the wealthy despite that being its initial purpose.
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guiltywisdom · 8 months
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Progressive Taxation: How Does it Work? by Kasia Babis
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hellooldsmelly · 19 days
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Tax Day is Coming
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randyite · 6 months
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"All working Manitobans will have less of their income taxed — and thousands of the province's lowest income earners will stop paying income tax entirely — as the Progressive Conservative government continues to loosen the purse strings in the waning months before a scheduled October election.
The Manitoba government's 2023 budget, released Tuesday, commits to raise the income level at which people start paying tax from the current $10,145 to $15,000.
That amount — the basic personal exemption — normally increases each year based on the rate of inflation, a calculation that would have raised the exemption to $10,855 this year."
Full article
Tagging: @politicsofcanada
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howtobeaconartist · 1 year
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This is a blog post by an independent artist and not a tax professional. As always, it can be good reference, but always consult a professional if you are unsure.
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ahedderick · 3 months
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Taxing
I have a mess of income tax paperwork that I've been stockpiling as the mail comes in. I have a long list from last year of Things to Check Off so that I know I have everything. Last year, when I had to also collect everything for my late father's final tax return, was clearly the worst ever - but this year looks pretty damned bad. There are several new things, and some places now want you to go to their website and print your own 1099 instead of sending you one in the mail; I never feel confident that I have absolutely everything.
I understand why this is so hard. We have simple paperwork for my husband's job, but there's also . . a little farm income, my artwork (I do an excellent job of tracking my income and expenses. um. most years), income from the cell towers on the high ridge, forms from each college, forms from banks, forms from each college savings account, forms for investment changes I made last year as I handled my father's estate, and a little independent forestry income Husband earned after his fall retirement. I have a frankly unwieldy number of spreadsheets that are doing their best to keep me organized.
{snif}
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[ID: a simple drawing of a toddler sitting on the floor sobbing, while a dog and cat press close to offer sympathy]
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emperornorton47 · 7 months
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