| We hope you enjoy your visit to this forum. If you are reading this then it means you are currently browsing the forum as a guest, we don’t limit any of the content posted from guests however if you join, you will have the ability to join the discussions! We are always happy to see new faces at this forum and we would like to hear your opinion, so why not register now? It doesn’t take long and you can get posting right away. Click here to Register! If you are having difficulties validating your account please email us at admin@dbzf.co.uk If you're already a member please log in to your account: |
| Is the United states tax system too complicated? | |
|---|---|
| Tweet Topic Started: Apr 4 2016, 02:10 PM (78 Views) | |
| + Pelador | Apr 4 2016, 02:10 PM Post #1 |
|
Crazy Awesome Legend
![]()
|
I was just reading up on it because I wanted to make fun of America in spam but then I thought no, this could be a serious discussion. I just thought it was funny how you revolted against the tea tax but now you seem to have this system that is pretty confusing at first glance compared to the British method where everything for regular incomes is direct debit. The exceptions are. you are self-employed - you can deduct allowable expenses you got £2,500 or more in untaxed income, eg from renting out a property or savings and investments. your savings or investment income was £10,000 or more before tax you made profits from selling things like shares, a second home or other chargeable assets and need to pay Capital Gains Tax you were a company director - unless it was for a non-profit organisation (eg a charity) and you didn’t get any pay or benefits, like a company car your income (or your partner’s) was over £50,000 and one of you claimed Child Benefit you had income from abroad that you needed to pay tax on you lived abroad and had a UK income you got dividends from shares and you’re a higher or additional rate taxpayer your income was over £100,000 you were a trustee of a trust or registered pension scheme you had a P800 from HMRC saying you didn’t pay enough tax last year - and you didn’t pay what you owe through your tax code or with a voluntary payment Certain other people may need to send a return (eg religious ministers or Lloyd’s underwriters) - you can check whether you need to. You usually won’t need to send a return if your only income is from your wages or pension. Apart from those circumstances everything is done automatically by the state. No fuss, no mess. But from what i could tell, everything in the US is self assessment. People must make loads of mistakes. I mean I can barely add up numbers larger than ten so I wouldn't want to have to do it. Edited by Pelador, Apr 4 2016, 02:12 PM.
|
![]() http://www.youtube.com/user/jonjits | |
![]() |
|
| 1 user reading this topic (1 Guest and 0 Anonymous) | |
![]() Our users say it best: "Zetaboards is the best forum service I have ever used." Learn More · Sign-up for Free |
|
| « Previous Topic · General Discussion · Next Topic » |
| Track Topic · E-mail Topic |
4:52 PM Jul 13
|
Theme Designed by McKee91
Powered by ZetaBoards Premium · Privacy Policy









4:52 PM Jul 13