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From what I can tell, the system in the US is significantly more complicated for individuals (mortgage interest deductions, 43 different state income taxes, “al
by sjy 6y ago
From what I can tell, the system in the US is significantly more complicated for individuals (mortgage interest deductions, 43 different state income taxes, “alternative minimum tax,” gift tax, estate tax...)
- marshallward 6y agoAs someone who has to file both, I found that the federal taxes to be comparable, perhaps I'd even say the Australian was more complex. The games played with real estate can be rather complex. But what I also saw was software doing most of the number crunching for me, and even fetching the numbers from my various employers and assets. But your point about the state income tax is well taken, this does make it a much harder problem here than in Australia.