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#taxes

18 posts16 participants0 posts today

taxes. did not think it was going to take me all day, but looks like it might.

I have a big spreadsheet I update from year to year (for the last few years) since not much changes since I last used a service. I actually like doing it myself now.

I'll probably have someone prepare my taxes sometime in next few years, so I can find out what I've been doing wrong and update my spreadsheet 😆

and this year it looks like I will actually have to fill out paper forms and mail them in. I did a contrib to an IRA that looks like knocks me out of eligibility for DirectFile.

and yeah I do NOT want to be funding this current regime, but...

Here's your annual reminder to check the box on your #Form1040 for a $3 contribution to the Presidential #Election Campaign.

Doing so will not change your #taxes in any way. It will, however, be a first step in replacing our current, money-driven election system with a publicly financed #elections. Publicly financed elections would force candidates to focus on the issues, not on their next paycheck. It would make them less beholden to wealthy special interests ([coughs] #Elon). #Votes, not money, should decide elections.

Let's get the money out of #politics! Check the box! ✅

#USPol

Questions and an idea for my #USAnian friends...

Your ~~feral~~ federal government is currently being commandeered by an executive that believes that it can rewrite the U.S. constitution via executive orders. One of the primary techniques they are using is usurping the congress's "power of the purse", by either refusing to spend congressionally-allocated funds, or by spending those funds on things other than congress allocated them for.

If the executive branch thinks it's fine to ignore your constitution and screw taxpayers with tax dollars, then...

1) Most of the feds' tax income comes from income tax and various #employment taxes.

2) Employers collect these taxes and remit them to the government.

3) Q: exactly *who* do they remit them to? Based on history, I would think this would be a state agency, who would keep the state/municipal portion and remit the rest to the federal government. Is this correct?

4) "Blue" states are, in general, net payers of tax dollars vs. federal services received.

5) "Red" states are, in general, the opposite - they receive more in federal services / support than they remit in taxes.

So, depending on the answer to (3), my #idea is: why don't blue states stop remitting funds to the federal #government? Don't steal it, just hold it in trust until the feds can be made to follow the law correctly.

I would think this would hurt the feds, a *lot*.

Continued thread

"At the White House yesterday, Donald Trump announced he’s imposing a 25 percent tariff on all imported cars. He’s described April 2, the day in which his reciprocal tariffs regime will supposedly be fully implemented, as 'liberation day' for the United States."

~ Aaron Rupar and Thor Benson

#Trump #tariffs #taxes #incompetence #stupidity
/3

publicnotice.co/p/trump-mckinl

Public Notice · Trump's hopeless tariffs confusion, explained by a historianBy Aaron Rupar

Proud of my community leaders for speaking out!
"San Jose District 5 Councilmember Peter Ortiz said, 'It has already had a chilling effect on the east side and really throughout our Latino communities in the city of San Jose. We have already seen members of our undocumented community scared to file their taxes....I condemn it because these are taxpaying residents of our country'." #SanJose #Immigrants #taxes
ktvu.com/news/irs-ice-data-sha

KTVU FOX 2How potential IRS-ICE data sharing deal could impact the Bay AreaProtesters gathered outside an IRS office in downtown San Jose on Tuesday to voice concerns about a Trump administration effort to turn over IRS tax data to immigration authorities.

New Alberta working group to tackle problem of $253M in unpaid oil and gas property taxes
The Alberta government and the Rural Municipalities Association (RMA) are forming a working group to try to solve the issue of unpaid property taxes owed by oil and gas companies and collect what has now amounted t...
#government #money #taxes #oil #Alberta #News
cbc.ca/news/canada/calgary/new

"As oligarchs can further avoid taxation, taxes fall more heavily on the poor and middle classes. Tariffs typify this trend, since they are taxes paid primarily by the consumer, not the supplier. Price increases from tariffs on food will hit the poor especially hard; the lowest income quintile of U.S. households spent 33 percent of their after-tax income on food in 2023, compared with the richest quintile, which spent only 8 percent."

~ Jodi Vittori

#tariffs #taxes

foreignpolicy.com/2025/03/25/a

Foreign Policy · Is America a Kleptocracy?By Jodi Vittori