The middle class is getting screwed by the IRS
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- Опубликовано: 20 окт 2024
- "About two thirds of new audits have been targeting people who make less than $200,000 a year and 80% have been targeting people who make less than $1 million a year. Now, if you make $200,000, or you make $900,000 a year, you are not exactly poor. But this is not the 'we're only going to target the super rich' argument that the Biden administration consistently made," says Peter Suderman.
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The IRS doesn't need all those armed agents to go after billionaires, they need them to intimidate the little people.
So does that mean if we understaff the IRS, they will definitely only go after the billionaires with millions to spend on lawyers and accountants?
@@kart182 What is the relevance of your question to my statement about armed agents? Did I say anything about staffing overall, or did I speak solely of armed agents? Would you be interested in replying to what I said rather than changing the subject?
Soon, there will be no middle-class. This is by design.
I'm okay with that notion. too many ants with too much capital
@@simunator That's evil. You seem evil.
The middle class died a couple decades ago.
Most of the middle class lives in a house of cards because the banks tricked them into the idea that it is perfectly fine to live in perpetual debt. All they own, they are still paying on, paying and paying and paying and they must get up and go to work to keep those payments going. They are still slaves. Most of America is subconsciously okay with being a slave, as long as one is comfortable.
@@wettoasterman trust fund baby. No one that's ever worked for their wealth spouts BS like that.
The tax code is complex by design. It’s kept that way to help politicians sell carveouts to special interest voting blocs.
And perpetuate the tax filing services. If it was simple, there’d be no support industry.
Why is the U.S. Tax code so convoluted and complex? _"... because it's easier to govern criminals than a free people"_ - E.B. Tucker
Unfortunately they can't always write the tax code narrowly enough to restrict the gifts to just their friends and bribers. I actually read the voluminous tax code and found all manner of tax savings that weren't intended to fall down to small business owners.
Low hanging fruit. People making just enough to not make it worth hiring a tax attorney.
The sort of $200k/year person who will get audited is not the person making $200k to sit at a desk at Google. His taxes are simple. No, they're hitting the person whose $200k/year tax return is 100 pages long because he's an entrepreneur with complex income.
In short, they're targeting people who likely lean right and avoiding people who likely lean left.
Abolish income tax. It, by necessity, opens the door to endless complexity in the tax code.
@@Beefster09agreed. We need a flat tax on the unimproved value of land. Get rid of zoning laws, and just let that be the end of it
Can't have the poors getting ahead.
There are left-leaning entrepreneurs with complex incomes.... Wtf. 😅😅😅
@@silentnot4812 but you are totally wrong because I know left-leaning people who have been hit by the IRS. There are plenty of Democrats and left-leaning people who are doing side hustles and are doing podcasts. The quicker you realize that it's about the poor versus the rich. Divide and conquer. If the regular peasants fight amongst themselves there is NO time to rise up against the ruling class. That is the way it is designed to work.
I understand the rage. I have a degree in Computer Science, have written simulations to test avionics software on aircraft, and pay someone else to do my taxes.
Good god that’s way worse than I thought
The tax form is, without question, confusing at best.
That is indeed by design. Selling carveouts to special interest voting blocs is what the tax code does for politicians.
Classic government. Go after the $200-500 errors while spending 20 hours of Auditor Salary to get it.
I also feel rage when I prepare my taxes. I always think, "what positive things is our society getting in return for this?" This is followed by, "very little if anything."
The armed clowns better have a warrant in hand when they show up.
Why do you target the IRS? The IRS is merely the administrative arm of Congress.
Just like if the police act like a bunch of thugs and trample people's rights, people condemn those cops, but don't acknowledge that the cops are getting away with it because congress won't change the laws and hold them accountable. I agree that people need to realize most problems are trickling down from a corrupt source. ...however, we then must also acknowledge that the "Source" of these problems isn't going to fix itself. If we want change, we need to step up. It's not something that's going to be solved at a ballot box either.
4 the irs is wrong 62.3% of the time (based on their win/loss record in court/settlements). Rich people can afford to hire the lawyers to fight. Poor and middle class cant so they just have to bend over and take up the a$$.
I'll take "Taxation is theft" for 400, Alex.
If you don’t own 100% of yourself you’re still a slave
Income tax specifically, is the government continually taking the fruits of a person's labor, under threat of force and punishment. I'll take "IncomeTax is SIavery" for 500, Alex.
Why do you have to fill out 1040 if your company sends W2? Crazy.
Easy. The W2 is a reporting instrument where U.S. companies can report to the IRS that they have paid out money to a foreign person in their employ. The 1040 series forms are for those foreign persons or their agents to calculate the actual liability based on statutory and regulatory deductions. Same goes for the 1099… a reporting instrument for a U.S. entity to inform the IRS that they have paid money to another intermediary destined for a foreign person.
If you try to make sense of Title 26 and parallel regulations in the context of a U.S. citizen living and working within the U.S. earning domestic remuneration, it seems convoluted. If you read Title 26 and regulations in the context of income, a gain derived from capital, from property or both, paid to a foreign person, it makes so much more sense.
Middle class doesn't exist,
You're talking about everyone, except the ELITE .
What middle class? They killed that years ago.
Still owe thousands from last year. This year they want thousands more. Government does not represent me. I should not have to pay.
I make between 90,000 to 100,000 depending on bonuses. My taxes have always been filed on or before the first acceptance date in late January. Single, no kids, so no dependents or EITC. This year, my refund got held up for 3 weeks for additional review. Super annoying. Thankfully it ultimately wasn't a big deal for me, but it's rage-inducing when the IRS will take your money literally the next morning if you owe, but I had to wait over a month to get back my money.
Yup with no interest! 🙃 got to love it!
*Why is the U.S. Tax code so convoluted and complex? **_"... because it's easier to govern criminals than a free people"_** - E.B. Tucker*
Great video. Hits on all the points. More people need to be talking about this.
why can't they just be honest and say STASI
I had to pay $2800 to the government for 2023. Only the 2nd time in my 45-year life I have had to pay taxes.
I filed with a tax service for years. I then used turbo tax. Due to my ex not paying, I am now screwed! I don't owe that much but they are coming at me like I owe millions. I was lower class income until 2 years ago and now am low middle class. They send me letters that are more and more confusing with threats and for the love of God I don't know where they think I can make the amount of payments they want. It's hard to live, now I have to fix my ex's money issues with them. God help us. Who is going to help us?
These people have homes and families to so when push comes to shove they better realize its the middle class that makes up THE WARRIOR CLASS.
In 44 years, I had one audit. I was flagged on a large but verified charitable contribution. At the end of the audit, the IRS refunded my 682.40. Such is life
Does a flat tax for everyone around 8-10% sound crazy?
If that happens, then the commie government can’t shaft us taxpayers
A genuine flat tax would need to be at least 22% and get rid of most write offs to break even on deficit. To keep the current deductions systems in place, it would be closer to 26%.
Republicans could own all 3 houses and cut all the small programs they want, and would never get remotely close to balancing the budget on a 10% flat tax. The only way they could possibly get there is with heavy cuts to Military/Social Security/Medicaid which happens to be the 3 cuts that would ensure they never win another election again.
So yeah, your proposal does sound a bit crazy and would be a detriment to the overwhelming majority of voters.
@@MrBeame thank you for reply.
You’re crazy as hell if you think I’m agreeing to be enslaved anyhow anyway
Does Catherine have a necklace of a roman denarius on it? Perhaps Faustina?
You must be an ancients collector if you can spot a denarius, let alone know about Faustina.
Wicked
Feeling this this year...
Don’t we always !!!
0:59 Fully automated puns
two hundred dollar transfer tax
We know!
Nobody actually believed them though.
"Also, No!" 😆
Lol R.I.P. AAron Russo tried to warn the people but very few listen.
If this is his comment on the American immigration problem what does he say about his own country. This all gobalist escuses.
Surprise, surprise.
Im old enough to remember when Reason did an interview with Jared Polis (gov. of Colorado) and called him libertarian and basically simped for him the whole video.
What else is new
Assalt Puns.