Free Minds & Free Markets

23 Tax Facts and Tips

Just in time for the filing deadline, here are a few tips and facts you may not know about America's Rube Goldberg hellscape of a tax code.

They include:

Written by Austin Bragg, Meredith Bragg, and Andrew Heaton. Produced by Austin Bragg.

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  • Uncle Jay||

    RE: 23 Tax Facts and Tips

    Too late.
    I exercised my white privilege last Friday.

  • Citizen X - #6||

    Now THAT is a masturbation euphemism.

  • Fist of Etiquette||

    So I kidnapped Warren Buffet, now to watch the rest of the video to see what to do with him.

  • ||

    Throw an elaborate party where you give him your Nobel and then get wrongfully convicted for the kidnapping. I didn't even have to watch the rest of the video.

  • NotAnotherSkippy||

    Baby sitters and nannies can be written off as long as you don't make too much. And if you have to ask, you make too much.

  • WC Varones||

    Pro tip: Have your kids realize capital gains while they're in the 0% bracket!

  • atheistrepublican||

    You can deduct up to $1 million in mortgage interest across two different houses.

    Not exactly. You can deduct the interest on up to $1 million of mortgage debt. Still bad, but big difference.

  • John Galt II||

    What if .....
    the libertarian establishment had an actual tax PROPOSAL -- instead of snickering and giggling? (gasp)
    (Ron Paul's wacky "plan" doesn't count, since the average 12-year-old realizes the federal government cannot be run on $300 billion LESS than current Social Security and Medicare expenses.)

    Or a credible proposal on anything? Anything at all?

  • EscherEnigma||

    I just want a revenue-neutral tax reform that simplifies it all. People that take a lot of exceptions, deductions, and fancy stuff would have their "real" rate go up. People that don't know to do that stuff will see their taxes go down. But across income brackets it should be neutral.

    Once we simplify taxes such that you can do them on a postcard, then reform that isn't revenue-neutral will be much simpler and might actually happen. But as long as "reform" is something only an accountant can understand, then it'll be hard to get anything meaningful done.

  • eyeroller||

    There's no such thing as a simple income tax. You have to define what income is, and that is inherently complicated.

  • See.More||

    Think of all the tax preparation professionals, you monster!!

  • C. S. P. Schofield||

    "Baby sitters and nannies can be written off as child care expenses."

    Unless they put out, in which case they must be counted as "entertainment".

  • batman||

    Siapa yang membayar peralatan kampanye ? Baliho, spanduk, iklan televisi, dll. Video bokep
    Siapa yang bayarin tim dan pegawai untuk kampanye?
    Siapa yang bayarin listrik, air, konsumsi kantor kampanye? otak bokep
    Siapa yang bayarin ongkos ustadz berceramah sampai mencuci otak jemaat dengan bonus memfitnah paslon lain?

  • Cloudbuster||

    Google translate says this translates from Indonesian to English as:

    Who pays for the equipment campaign? Billboards, banners, television commercials, etc. Video bokep
    Who bayarin team and employees for the campaign?
    Who bayarin electricity, water consumption campaign office? brain porn
    Who bayarin costs cleric lecturing to brainwash the church with another paslon defamatory bonus?


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