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Most people in the U.K. (the only other place I have experience with) never file a tax return. It's just assumed that the government is doing the right thing. T
by baudehlo 10y ago
Most people in the U.K. (the only other place I have experience with) never file a tax return. It's just assumed that the government is doing the right thing. Taxes are taken at source for all things, and if you have things outside of the norm you can tell your employer about it and they'll take care of it.
Filing taxes was pretty alien to me. I'm used to it now, but it seems there are simpler ways.
- dboreham 10y agoI'm familiar with the UK system too. It is possible to get closer to it in the US than most people realize. For example you can calculate the correct tax to withhold and instruct your employer's payroll people to do so. Most people seem to not know this or nor care and as a result end up over withholding and the resulting "refund". It is perfectly possible to end up with roughly correct tax withheld although you do of course still need to complete the 1040 form. But software can do that.
- bluejekyll 10y agoYou need to be careful with this though, if you underpay throughout the year by too much, you will end up both owing and potentially have a tax penalty.
- dboreham 10y agoOf course. To be assessed a penalty you have to screw up pretty badly though, at least on the first try.
- fjdlwlv 10y agoIn the US that's called "nanny state". The US has a stronger tradition of citizens who think and act independently, even when they are working cooperatively.
- ryanwaggoner 10y agoIt's just assumed that the government is doing the right thing. This strikes me as a recipe for disaster in the long run. For any group of people who have tremendous power, not just the government.