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#incometax

1 message1 participant0 message aujourd’hui

For the US income tax filing deadline today:

"I’ve Got 1099 Problems…"

Roman Mars
(his podcast "99% Invisible" Episode 624)
04.15.25

"If you’re one of the millions of Americans struggling with your tax forms today, you’re not alone. Even Albert Einstein allegedly found income taxes to be 'the hardest thing in the world to understand.' But how did our tax system become so complicated?
..."

99percentinvisible.org/episode

99% InvisibleI've Got 1099 Problems... - 99% InvisibleIf you’re one of the millions of Americans struggling with your tax forms today, you’re not alone. Even Albert Einstein allegedly found income taxes to be “the hardest thing in the world to understand.” But how did our tax system become so complicated? From Revolution to Revenue: The Birth of American Taxation America’s relationship with

@Remittancegirl @pgiulan Since long before Trump even entered politics, or #Palantir existed, I've been convinced that #surveillance, not revenue generation, was the real reason for #IncomeTax on working-class individuals (as opposed to plutocrats and corporations). There are many other ways to generate revenue, such as #VAT and #LandValueTax, or just income taxation limited to corporations and very wealthy individuals. But those wouldn't enable the monitoring of everyone's economic life the way population-wide income taxation does.

Suite du fil

#Trump again criticizes the creation of the #IncomeTax in the US in 1913, arguing that it’s a mystery why the nation ever instituted one. American policymakers embraced the income tax for 2 reasons: to collect more taxes from the #rich & to pay for a growing federal govt.

Conversly, #tariffs disproportionately burden #LowIncome Americans, who spend more of their earnings on goods that tariffs make more expensive.

Nationwide warns Reeves against cutting tax breaks on cash Isas | Cash Isas | The Guardian – theguardian.com/money/2025/feb

Maybe instead of making cash ISAs worse, they should make shares ISAs better? Last one I opened required a cheque be posted with paper forms to pay in, and the statements were a long mess with a booklet in a format unlike any other savings account. Inefficient and user-hostile.

The Guardian · Nationwide warns Reeves against cutting tax breaks on cash IsasPar Rupert Jones
#ukpol#isas#tax