Tax Time

Yeah, taxes suck. Nothing new here. But as I say in this week’s Dustinland, they do pay for stuff. Really the big bummer, for me, is getting surprised with an April whammy. Next year I am going to fix my stuff up so that everything is taken out correctly beforehand, because I’d rather wind up getting a pleasant surprise than a sock full of bad news. And I think that goes for life in general really. I don’t know if that approach leads to ultimate happiness, but it certainly spares you major disappointment. Playin it safe! High five.

14 responses to “Tax Time

  1. internet name

    I’m an accountant, and I rarely have clients that owe so much. Maybe find another CPA? You did go to a CPA, and not a chain tax place, like H&R or Liberty, right?

    And income taxes are MARGINAL. A raise might put into a higher MARGINAL tax bracket. Your currently salary would be taxed the same, but possibly a portion of anything ADDITIONAL would be taxed at a higher rate, ALL of your earnings would NOT be taxed at the new rate.

    • internet name

      heh, sorry for the typos, I’ve been out in the 90 degree heat all day and I am in a state of dehydrated bliss, and my brain is functioning at 10% capacity.

  2. internet name

    oh, and look up Alex Jones and Aaron Russo. In your last panel it looks like you’re assuming there is some sort of balance with the US budget, meaning that:

    Expenditures = Tax Revenue + Sales of Treasury Securities

    Tea Party members seem to know that our FIAT CURRENCY is created out of thin air and has no backing other than the ‘trust of the US government.’ Ben Bernanke created billions out of thin air by logging into bank’s Fed accounts and increasing their balances. Our money isn’t real. It isn’t backed by a finite amount of gold. Their attitude is: the government will give you stuff whether you pay for it or not, so stop taking my money (I’ve got an F-150 to gas up, dammit).

  3. Hey internet name – thanks for the knowledge. I did have my taxes done by a pro this time around, so that’s really that in terms of my owing plenty. But I did not know that about tax brackets so at least I feel better about maybe getting the raise I did not get yet.
    As for the Tea Baggers, I’m actually all for a debate between real libertarians and actual progressive liberals, but sadly what we wind up with instead are ragefests between the angry and uniformed , along with the politicians that pander to them.

  4. heh…. tea baggers…. I shall now go to bed fully pleased. Looks like this is a successful Dustinland.

  5. Hmm there’s lots of details when it comes to taxation but really it comes down to how you view it. Is taxation the rich helping the poor or the poor taking back what the rich have managed to swindle from the poor somehow i.e profits, paying low wages etc. Most of the rest of arguments about taxation are just selfish people, or stupid people, hence why Americans argue about it more than most countries.

    As your e-mail Dustin, I did used to random wiki a lot, but as Wikipedia is so mainstream these days it just means most of the time you get a sports, music album, school, or place article. Now I am just reading through the contents. There are 12 areas so I switch every month so as to not get bored.

  6. http://www.guardian.co.uk/politics/2011/apr/05/david-cameron-pakistan-raise-taxes-rich

    Just read the comments. Our politicians are nuts, they have no sense of reality, truth or sanity and yet you nutters out there keep voting for them, you all deserve to rot in hell.

  7. Bitter Scribe

    The IRS actually did a nice thing for me last year. I had forgotten to take the Making Work Pay credit, so they did it for me. Added $250 to my refund.

  8. To internet name and all other Gold Standard sympathists,

    Going back to the gold standard would do nothing to add value to our currency. Think about it – why does gold itself has value? Simply because people attribute value to it. It is the same with U.S. currency. Gold doesn’t need a separate commodity backing it to have value, and neither does U.S. currency.

    As long as we continue to have one of the largest and strongest economies in the world, we really shouldn’t worry about what is or is not “backing” the U.S. dollar.

    Thank you.

    -An Economist

  9. internet name

    Not so, Someone Else.

    Bureaucrats cannot simply make more gold, like they can our US currency.

    Gold is a store of value, and fiat currency is not. (PS Gold is at a record high price, while our currency is going down the toilet. How you like that $4 gas?)

    Good day.

    • Internet name you really shouldn’t accuse people of being me that’s rather insulting 😛

      Gordon Brown sold off our gold and now everyone is mad because the price is so high years later. Offcourse if you never sell the gold you never get the money so it’s a bit of a delusion for people to moan about it. Yeah you get the delusion that gold backs up your currency, but markets are markets and anything could back up your currency. Maybe we should have the planet standard, I claim Jupiter for the UK, just hope no one creates a planet creating machine. It’s psychological trickery with markets, ok you have supply and demand, but they are just representations of our hopes and fears to a large extent. Someone else you’ll have to excuse internet name he’s an accountant and believes this stuff is a science. The trouble with money is you win here you loose there, it’s easy for economists to say do this or that when they never take the full account of human costs into things. As if everything would be perfect if we were on the gold standard and everything would be sorted, the systems would take care of us if we just let them run as it says in the books. Sounds like Marxism or Plato.

      The fact is other people have the oil and we don’t, either get them to be nice and lower the price, or find our own oil, the rest is just intellectual theory for people that are not living in the human world.

      I have studied economics, accountancy and all the other false sciences, ideas are everything in life and those subjects contain the most dangerous ideas and egotistical people you’ll ever come across. Adam Smith was wise but past that it’s just dog poo.

      Are these the words of someone who believed in systems and the american capitalism? I think not

      Adam Smith:

      Nobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog.

      Labour was the first price, the original purchase-money that was paid for all things. It was not by gold or by silver, but by labour, that all the wealth of the world was originally purchased; and its value, to those who possess it, and who want to exchange it for some new productions, is precisely equal to the quantity of labour which it can enable them to purchase or command.

      Our merchants and master-manufacturers complain much of the bad effects of high wages in raising the price, and thereby lessening the sale of their goods both at home and abroad. They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.

      Whenever the legislature attempts to regulate the differences between masters and their workmen, its counsellors are always the masters. When the regulation, therefore, is in favor of the workmen, it is always just and equitable; but it is sometimes otherwise when in favor of the masters.

      With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches, which in their eye is never so complete as when they appear to possess those decisive marks of opulence which nobody can possess but themselves

      All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.

      Wherever there is great property, there is great inequality.

      Civil government, so far as it is instituted for the security of property, is in reality instituted for the defence of the rich against the poor, or of those who have some property against those who have none at all.

      Every tax, however, is to the person who pays it a badge, not of slavery but of liberty. It denotes that he is a subject to government, indeed, but that, as he has some property, he cannot himself be the property of a master

      The man of system, on the contrary, is apt to be very wise in his own conceit; and is often so enamoured with the supposed beauty of his own ideal plan of government, that he cannot suffer the smallest deviation from any part of it. He goes on to establish it completely and in all its parts, without any regard either to the great interests, or to the strong prejudices which may oppose it. He seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chess-board. He does not consider that the pieces upon the chess-board have no other principle of motion besides that which the hand impresses upon them; but that, in the great chess-board of human society, every single piece has a principle of motion of its own, altogether different from that which the legislature might choose to impress upon it. If those two principles coincide and act in the same direction, the game of human society will go on easily and harmoniously, and is very likely to be happy and successful. If they are opposite or different, the game will go on miserably, and the society must be at all times in the highest degree of disorder.

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