Comments on: A Young Man’s Guide to Doing His Taxes http://www.artofmanliness.com/2012/02/29/taxes-for-beginners/ Men's Interests and Lifestyle Fri, 17 May 2013 23:05:53 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Pete Price http://www.artofmanliness.com/2012/02/29/taxes-for-beginners/comment-page-1/#comment-275030 Pete Price Mon, 15 Oct 2012 17:54:21 +0000 http://artofmanliness.com/?p=22895#comment-275030 I started a small business last January and I used Lou Patten CPA in Lake Worth to do my business planning. Mr. Patten assisted me with a business development plan and a financial analysis. He is really good and very affordable. I suggest you check him out. Here’s his website http://www.loupattencpa.com

]]> By: Simon Crabtree http://www.artofmanliness.com/2012/02/29/taxes-for-beginners/comment-page-1/#comment-209928 Simon Crabtree Fri, 09 Mar 2012 11:37:29 +0000 http://artofmanliness.com/?p=22895#comment-209928 As a British person, this article amazed me. Here’s how you do your taxes in the UK;
If you are self employed:
1) Answer the easy yes/no/how much questions on the paper or electronic form provided (depending on how you registered).
2) Pay the amount they tell you.
If you are regular employed:
1) Do nothing. All taxes have been collected straight from your employer under PAYE. If there was a mistake, you might even get a rebate.
If you have several jobs at least one of which is self employed it gets a little more complicated, but in my experience the good folk at HMRC are friendly and helpful and if you take the time to politely explain any problems that you have will bend over backwards to make things easier for you. I do have friends who have had problems with them, but if you choose to express your problems by shouting at a call centre operator on minimum wage you can hardly blame anyone else if they are a little less understanding.

]]> By: Paul Bhattacharyya http://www.artofmanliness.com/2012/02/29/taxes-for-beginners/comment-page-1/#comment-209912 Paul Bhattacharyya Thu, 08 Mar 2012 21:41:57 +0000 http://artofmanliness.com/?p=22895#comment-209912 I love paying income tax! I feel happy and free!!!

]]> By: Paul Bhattacharyya http://www.artofmanliness.com/2012/02/29/taxes-for-beginners/comment-page-1/#comment-209911 Paul Bhattacharyya Thu, 08 Mar 2012 21:35:37 +0000 http://artofmanliness.com/?p=22895#comment-209911 Federal income tax is illegal. Please check it out

]]> By: Paul Bhattacharyya http://www.artofmanliness.com/2012/02/29/taxes-for-beginners/comment-page-1/#comment-209910 Paul Bhattacharyya Thu, 08 Mar 2012 21:29:47 +0000 http://artofmanliness.com/?p=22895#comment-209910 Truth be told. Federal income tax is illegal. Find out about truth watch Aaron Russo film Freedom to Facism

]]> By: Paul Bhattacharyya http://www.artofmanliness.com/2012/02/29/taxes-for-beginners/comment-page-1/#comment-209909 Paul Bhattacharyya Thu, 08 Mar 2012 21:28:44 +0000 http://artofmanliness.com/?p=22895#comment-209909 Truth be told. Federal income tax is illegal. Find out about truth in taxation from taxhonesty.org. The IRS is unconstitutional and the income tax that is mentioned in the Constitution is inapplicable to most all American citizens. Please look into this for yourselves.

]]> By: Paul Bhattacharyya http://www.artofmanliness.com/2012/02/29/taxes-for-beginners/comment-page-1/#comment-209908 Paul Bhattacharyya Thu, 08 Mar 2012 21:27:11 +0000 http://artofmanliness.com/?p=22895#comment-209908 Truth be told. Federal income tax is illegal. Find out about truth in taxation from taxhonesty.org. The IRS is unconstitutional and the income tax that is mentioned in the Constitution is inapplicable to most all American citizens. Please look into this for yourself, I know it sounds preposterous. The money collected does not pay for any of the services most Americans believe it does. It pays the interest on our fraudulent national debt. Please ask questions of your government it is the most patriotic duty you have.

]]> By: Jeff http://www.artofmanliness.com/2012/02/29/taxes-for-beginners/comment-page-1/#comment-209773 Jeff Mon, 05 Mar 2012 15:26:19 +0000 http://artofmanliness.com/?p=22895#comment-209773 @CB, thanks for the info. The IRS actually has a calculator on its website to help pick the number of exemptions. It said I should increase mine from 2 to 9. I was skeptical, but when I did my taxes on turbotax this weekend, it had an option to fill out a W-4 and it said I should increase my exemptions to 10. Being married with kids and a mortgage apparently really brings down the taxes that I owe.

]]> By: John Galt http://www.artofmanliness.com/2012/02/29/taxes-for-beginners/comment-page-1/#comment-209709 John Galt Sun, 04 Mar 2012 09:36:46 +0000 http://artofmanliness.com/?p=22895#comment-209709 The government is not actually entitled to any more of our earnings than it takes to defend us from criminals and foreign powers. Social programs are a scam, and it is time that sovereign citizens begin to itemize what they actually get from the government when they file their taxes, and bill the IRS for waste.

It is most manly to never pay for a service that does not benefit one. Charity is one thing, but legalized extortion at the hands of a governmental entity is quite another.

]]> By: Michæl http://www.artofmanliness.com/2012/02/29/taxes-for-beginners/comment-page-1/#comment-209699 Michæl Sun, 04 Mar 2012 04:59:01 +0000 http://artofmanliness.com/?p=22895#comment-209699 it’s incorrect to say that of your marginal rate is 25%, your effective rate is 14.5%. Your effective rate is your tax from line 44 divided by your taxable income from line 43… so if your taxable income is $139,350 your effective rate is about 19.4%… and if your income is 69,001 (same 25% bracket) your effective rate is only around 13.8%. Please check my math.

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