Comment on IRS will pilot free, direct tax filing in 2024
Reddit_Is_Trash@reddthat.com 1 year ago
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
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…
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.
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.
Croquette@sh.itjust.works 1 year ago
You exchange that money for infrastructure and services. You think that roads build themselves with fairy dust and unicorn wishes?