tag:blogger.com,1999:blog-4912713243046142041.post1968833587712418425..comments2024-03-27T18:20:38.176-05:00Comments on TYWKIWDBI ("Tai-Wiki-Widbee"): Back soonMinnesotastanhttp://www.blogger.com/profile/01382888179579245181noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-4912713243046142041.post-82625030327969529962014-04-16T13:13:35.622-05:002014-04-16T13:13:35.622-05:00You're quite correct, Steve. My wife and I ha...You're quite correct, Steve. My wife and I had medical expenses at 22% of our adjusted gross income, so it was worthwhile for us to do the paperwork. Ironically, the bulk of that expenditure was not for treatment of illnesses but for paying for the insurance, which didn't apply for our expenses...Minnesotastanhttps://www.blogger.com/profile/01382888179579245181noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-5613828975498613642014-04-16T12:32:10.411-05:002014-04-16T12:32:10.411-05:00Not to mention that the medical deduction is usual...Not to mention that the medical deduction is usually referred to as "the deduction you don't get." Unless you've got large surgery expenses (beyond what your insurer insurer is "willing" to pay), most people won't get above the 7.5% AGI threshold for a deduction.Steve Millerhttps://www.blogger.com/profile/00450550786810074858noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-31654754515812788232014-04-15T11:34:43.064-05:002014-04-15T11:34:43.064-05:00I now live in Florida, so no state tax anymore.
T...<i>I now live in Florida, so no state tax anymore.</i><br /><br />That is an incomplete statement. Florida does not do income tax. But it does charge property taxes, sales tax, corporate taxes and a massive variety of tourist taxes.<br /><br />Trust me, Florida gets its share of your money.Nepkarelnoreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-8949783263526812922014-04-15T08:46:15.236-05:002014-04-15T08:46:15.236-05:00"you must have to give the IRS much more info..."you must have to give the IRS much more info than we have ever had to..."<br /><br />In the IRS system, in order for us to get partial compensation for many thousands of dollars of medical bills, we have to assemble all the receipts and then separate out the ones for prescription meds from the OTC meds and total those up separately from the physician bills, which are reported separately from the hospital bills. But the labs and dental and eyeglasses go into yet a different category. This despite having spent many additional thousands of dollars for medical insurance which didn't cover any of these items.<br /><br />Crazy stupid data collection by an overblown bureaucracy.Minnesotastanhttps://www.blogger.com/profile/01382888179579245181noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-38355969005716145242014-04-15T03:53:35.789-05:002014-04-15T03:53:35.789-05:00Similar here, though I might have needed half an h...Similar here, though I might have needed half an hour. Those old paper filings were fairly straightforward flowcharts. Tick a box here and there, fill in some numbers, add and subtract, double-check, done.<br /><br />Of course, over here we don't have to file separate state and federal taxes, and many taxes are paid through the employer. Perhaps those help explain the difference in complexity compared to the US.jwbroekhttps://www.blogger.com/profile/08354584385763940232noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-66805191764478919262014-04-14T18:58:59.105-05:002014-04-14T18:58:59.105-05:00I now live in Florida, so no state tax anymore. A...I now live in Florida, so no state tax anymore. After selling a rental property some time ago, our taxes have been simplified. For several years I've used an online tax preparation site that is free and filing taxes has been very easy. We have income from different sources and the tax questions on the site lead you through the various possibilities and even ask about Social Security income if your age qualifies you. So far, so good for us. E-filing with no paperwork is so much easier than the old paper filing.Cathy Mnoreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-85147469440612631012014-04-14T18:49:01.983-05:002014-04-14T18:49:01.983-05:00Australian tax personal works pretty much the way ...Australian tax personal works pretty much the way you describe for most people. But I think you must have to give the IRS much more info than we have ever had to. Even when our system was paper-based I could fill out the form in less than ten minutes.Vireyahttps://www.blogger.com/profile/16464838238295059335noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-49846899091440428362014-04-14T17:21:15.503-05:002014-04-14T17:21:15.503-05:00I'm jealous. In comparison to you guys, my wi...I'm jealous. In comparison to you guys, my wife and I spent the better part of several days sorting and organizing receipts and then used that TurboTax software to print out 70 pages for three returns (federal and two states). I don't mind paying taxes. I do mind the paperwork and the wasting of my most precious and limited asset - time.Minnesotastanhttps://www.blogger.com/profile/01382888179579245181noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-25749900515481952002014-04-14T14:28:50.883-05:002014-04-14T14:28:50.883-05:00I SMSed in my ok on the returns a few weeks ago. I...I SMSed in my ok on the returns a few weeks ago. It took a little over a minute to find the verification number on the backside on one of the papers sent to me and check to see if it looked sane enough.<br /><br />IRS seems completely insane to deal with.<br /><br />/Sweden<br />Mirarnoreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-55598544409106545402014-04-14T13:41:12.910-05:002014-04-14T13:41:12.910-05:00I'm 33 now and I've never done taxes any o...I'm 33 now and I've never done taxes any other way than looked at the prefilled form they send once a year for about 5 minutes. I've never had to correct anything on it. So the Finnish system has been like that for at least 15 years now.adeushttps://www.blogger.com/profile/01992672132384267439noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-37409566281145840082014-04-14T10:29:13.871-05:002014-04-14T10:29:13.871-05:00Or, just ditch the IRS entirely. Embrace the Fair...Or, just ditch the IRS entirely. Embrace the Fairtax model (not a flat tax or a VAT tax). No more worries about filing taxes ever.Akalharnoreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-63681364416098005962014-04-14T09:50:35.577-05:002014-04-14T09:50:35.577-05:00Also in The Netherlands. With free government supp...Also in The Netherlands. With free government supplied software that is available for Windows, OSX, and most flavors of Linux.<br /><br />It's just common sense really; it doesn't just save us citizens time, but the government as well. Much cheaper to process electronic filings than paperwork. Probably makes for more accurate filings as well.jwbroekhttps://www.blogger.com/profile/08354584385763940232noreply@blogger.com