4 ms·

This looks great - but mainly because of tenforty capabilities. The US tax looks like an absolute mess but I thought often about implementing something similar

This looks great - but mainly because of tenforty capabilities. The US tax looks like an absolute mess but I thought often about implementing something similar for more favourable jurisdictions. It's definitely less taxation overall and less rules. Maybe it's not complex enough to warrant more than to have a few excel formulas. Coming back to tenforty - cool, the LLM allows you to access it via language, but that makes it pretty unusable for me: there is way more value (and more work needed, as you noticed) in building a proper UI. It'd be cool to explore generating UI using LLMs instead.

daveguy 3y ago
What does a "more favorable jurisdiction" look like? Federal tax code is the same throughout the US.
- Kwpolska 3y ago
  All the other countries with income taxes? https://en.wikipedia.org/wiki/Income_tax#Around_the_world https://en.wikipedia.org/wiki/Income_tax#Around_the_world That said, most countries do not have lobbying from tax preparation companies, so they have have saner and easier to grasp tax codes, and the tax returns are painless and/or automated for individuals.
  - themaninthedark 3y ago
    I don't think the wiki page is accurate. Canada will tax you on income earned outside of Canada if they consider you to be a resident of Canada: https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/determining-your-residency-status.html https://www.canada.ca/en/revenue-agency/services/tax/interna... The most important thing to consider when determining your residency status in Canada for income tax purposes is whether or not you maintain or establish significant residential ties with Canada. Significant residential ties to Canada include: - a home in Canada - a spouse or common-law partner in Canada - dependants in Canada Secondary residential ties that may be relevant include: - personal property in Canada, such as a car or furniture - social ties in Canada, such as memberships in Canadian recreational or religious organizations - economic ties in Canada, such as Canadian bank accounts or credit cards - a Canadian driver's licence - a Canadian passport - health insurance with a Canadian province or territory So if you are a Canadian with a passport, working in Japan for over a year with car at your parents house in Canada. You could count as a Resident of Canada and have to file taxes.

daveguy 3y ago

What does a "more favorable jurisdiction" look like? Federal tax code is the same throughout the US.

Kwpolska 3y ago
All the other countries with income taxes? https://en.wikipedia.org/wiki/Income_tax#Around_the_world https://en.wikipedia.org/wiki/Income_tax#Around_the_world That said, most countries do not have lobbying from tax preparation companies, so they have have saner and easier to grasp tax codes, and the tax returns are painless and/or automated for individuals.
- themaninthedark 3y ago
  I don't think the wiki page is accurate. Canada will tax you on income earned outside of Canada if they consider you to be a resident of Canada: https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/determining-your-residency-status.html https://www.canada.ca/en/revenue-agency/services/tax/interna... The most important thing to consider when determining your residency status in Canada for income tax purposes is whether or not you maintain or establish significant residential ties with Canada. Significant residential ties to Canada include: - a home in Canada - a spouse or common-law partner in Canada - dependants in Canada Secondary residential ties that may be relevant include: - personal property in Canada, such as a car or furniture - social ties in Canada, such as memberships in Canadian recreational or religious organizations - economic ties in Canada, such as Canadian bank accounts or credit cards - a Canadian driver's licence - a Canadian passport - health insurance with a Canadian province or territory So if you are a Canadian with a passport, working in Japan for over a year with car at your parents house in Canada. You could count as a Resident of Canada and have to file taxes.