Re:FAQs: Why we don’t have them (2013)
by dash2 on Tuesday December 07, 2021 @04:48AM
(#29470688)
I find the individual tax return very simple. Compare it to the misery they have in the US.
[ Parent
| on HN ]
Re:FAQs: Why we don’t have them (2013)
by drstewart on Tuesday December 07, 2021 @04:55AM
(#29470744)
The individual tax return in the US is very simple for 90% of people
Re:FAQs: Why we don’t have them (2013)
by mellavora on Tuesday December 07, 2021 @06:09AM
(#29471226)
I'm not sure about that 90% figure, seems a little high.
25 million people receive the earned income tax credit (i.e. they are poor), and are at high risk of audit https://www.propublica.org/article/irs-now-audits-poor-ameri...
9 million are expats, for whom US tax filing is a special type of hell
15 million are self-employed, which means lots of extra filing https://www.bls.gov/spotlight/2016/self-employment-in-the-un...
putting us at circa 50M out of circa 167M returns filed https://www.irs.gov/newsroom/filing-season-statistics-for-we...
means US tax returns are rather complicated for 30% of people before we start to consider high-income earners.
Re:FAQs: Why we don’t have them (2013)
by kube-system on Tuesday December 07, 2021 @11:36AM
(#29474591)
I just went to look up how many people file the 1040EZ, and realized that it doesn't even exist anymore. Today I learned.
Only something like 15-20% of Brits actually have to do a tax return in the first place. I did mine for the first time this year, and it was surprisingly easy.
So it is but I would strongly recommend you speak with an accountant before doing your own tax returns.