Adam Ruins Everything - The Real Reason Taxes Suck (And Why They Don't Have To) | truTV

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Even Reagan and Obama would have agreed that filing your taxes should be easier...So why isn't it?
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About Adam Ruins Everything:
In Adam Ruins Everything, host Adam Conover employs a combination of comedy, history and science to dispel widespread misconceptions about everything we take for granted. A blend of entertainment and enlightenment, Adam Ruins Everything is like that friend who knows a little bit too much about everything and is going to tell you about it... whether you like it or not.
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Adam Ruins Everything - The Real Reason Taxes Suck (And Why They Don't Have To) | truTV
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Пікірлер: 1 100
@user-fp3yc9hm6m
@user-fp3yc9hm6m 3 жыл бұрын
As a person who lives in a country that practices return free filing, here’s how easy doing taxes *can* be: I receive a “bill” listing all of my recorded incomes, deductibles, what’s my tax rates and how much in total do I have to pay. I sign it, choose a preferred way of payment and I send it back. Done. Update: because of the pandemic this year we don’t even have to send the “bill” back. I scan the QR code on the bill, it takes me to a website, I enter the serial number on my bill to the website and boom! Tax filed.
@liamkilpatrick5026
@liamkilpatrick5026 3 жыл бұрын
As an American taxpayer, I actually pay my taxes for the first time this year and it was on a website that the IRS marketed and you can do your taxes for free but I still have to count. Hopefully we can have return free filing but I don't have any confidence in our government given the circumstances of lobbying, political corruption and polarization, wasting money on bailing out banks and going to wars, and the use of filibuster involved in our government. However, tax preparation companies, like TurboTax, is being investigated by the FTC due to what this video stated.
@user-fp3yc9hm6m
@user-fp3yc9hm6m 3 жыл бұрын
@@liamkilpatrick5026 I pray that the US legislators will have the guts one day to stand up against the lobbying.
@liamkilpatrick5026
@liamkilpatrick5026 3 жыл бұрын
@@user-fp3yc9hm6m I hope so too but I wouldn't count it
@NefosteuxAlucard
@NefosteuxAlucard 2 жыл бұрын
we literally do this stuff online in the netherlands lol
@veger5872
@veger5872 2 жыл бұрын
Thanks for sharing, the USA should piggy back on that way of doing business!
@RiggingDoctor
@RiggingDoctor 6 жыл бұрын
I find it interesting how the ad that played before this video was for H&R Block taxes services.
@starplatinum9758
@starplatinum9758 6 жыл бұрын
Rigging Doctor it's random picked ads, the watched an Old Spice commercial, it's not that interesting
@KristofThePaladin
@KristofThePaladin 5 жыл бұрын
They are already on us
@rayakoth
@rayakoth 5 жыл бұрын
8 months ago, 2 months before taxes are due.
@jgrab1
@jgrab1 4 жыл бұрын
Yeah, so much for "targeted advertising" guided by AI algorithms that supposedly only digital advertising can give you...
@hajimesenpai7996
@hajimesenpai7996 2 жыл бұрын
i got TurboTax ad
@jaridkeen123
@jaridkeen123 6 жыл бұрын
Another reason why lobbying should be illegal it's just a fancy word for bribing
@anomalocaris2593
@anomalocaris2593 3 жыл бұрын
Not really. Originally ides of lobbying was to have non democratically chosen experts to inform polticians on nuances of complicated subjects and industries, but then companies started to put their frontmen as these experts and now status quo
@misterjder1.831
@misterjder1.831 3 жыл бұрын
@@anomalocaris2593 thank you
@anomalocaris2593
@anomalocaris2593 3 жыл бұрын
@@misterjder1.831 For what?
@misterjder1.831
@misterjder1.831 3 жыл бұрын
@@anomalocaris2593 Telling people the truth... The truth never has only one side.
@anomalocaris2593
@anomalocaris2593 3 жыл бұрын
@@misterjder1.831 Why don't you do that then?
@sensibruh55
@sensibruh55 4 жыл бұрын
I like how every one of these videos ends with "citizens are getting screwed by rich people" no matter what the issue is.
@AsianDawg46
@AsianDawg46 3 жыл бұрын
That's kinda what it is. As a hugely capitalistic society most of the power comes from the wealthy, that means most of the good and bad comes from the rich parts of society. So when talking about anything american, money is almost an impossible topic to avoid.
@maestrulgamer9695
@maestrulgamer9695 3 жыл бұрын
The economy isn't always correlated with a good living,but this system just doesn't understand it!! If you need tax software,the economy is better from it,but your living isn't! If healthcare prices go to the roof but you still need to pay,the economy is better from it,but your living isn't. If employees work to the point their mental health is damaged,the economy is better from it,but their living isn't. I can go on with such examples all day!!
@doridot
@doridot 3 жыл бұрын
It's almost like Marx was right or something
@LoomiYT
@LoomiYT 3 жыл бұрын
@@AsianDawg46 No it isn’t. Educate yourself and stop believing everything the internet tells you
@AsianDawg46
@AsianDawg46 3 жыл бұрын
@@LoomiYT ... First of all, listen to what I said, capitalistic 'society' not country or government, now after knowing that please tell me how I am incorrect.
@hotelmario510
@hotelmario510 3 жыл бұрын
In the UK, your employer literally calculates all your taxes for you, unless you're self-employed, in which case you usually get an accountant to do it. It's called Pay As You Earn, or PAYE.
@lunamoonlock
@lunamoonlock 2 жыл бұрын
New Zealand has PAYE too, it's so much more convenient and a lot less stressful! No risk of not having enough money to pay your taxes or whatever if your taxes come straight out of your regular income.
@goose4919
@goose4919 2 жыл бұрын
Ireland too.
@tsukamesuccess7332
@tsukamesuccess7332 2 жыл бұрын
yeah they mention this in the video, genius
@RainAngel111
@RainAngel111 2 жыл бұрын
That's normal in the states too, but your employer doesn't know what other income you have or what deductions you're making.
@ryledra6372
@ryledra6372 Жыл бұрын
@@tsukamesuccess7332 PAYE is different than the RFF that Adam talks about, as your taxes come out of your wage _before_ it gets to you, where RFF you still have to manage your payments
@stephenking5852
@stephenking5852 4 жыл бұрын
Both a Democrat and Republican wanted return-free filing? We need this!
@awddfg
@awddfg 10 ай бұрын
@Jimmy_Jim the "people" that vote them in are also the reason why we don't have it, most american voters are to blame for everything
@OsvaldoChannel1
@OsvaldoChannel1 6 жыл бұрын
"the tax industry" this sounds so wrong
@Pecisk
@Pecisk 5 жыл бұрын
shouldn't be a thing. Ever.
@kerayzey
@kerayzey 5 жыл бұрын
So is "tax company". Seems like tax is privatised.
@GANONdork123
@GANONdork123 3 жыл бұрын
Wait until you find out about the "Prison Industry"
@kylegallo6615
@kylegallo6615 6 жыл бұрын
For those who want free taxes done a lot of universities have a night where you can go and get your taxes done for free by senior accounting students. They get more experience and you get to save moneu
@demonix321
@demonix321 6 жыл бұрын
We do that in my country as well
@thomaswalsh6947
@thomaswalsh6947 6 жыл бұрын
The issue is if you are a senior in accounting you are probably getting paid a fair amount for tax assistance or are working a high level internship. I'm going into accounting in a school known for accounting and it's hard to find people who are willing to do hard work for free when they could be getting paid $50 an hour plus to do tax assistance.
@ottiverleger1707
@ottiverleger1707 6 жыл бұрын
You still have to go to them as if that's not work.
@neondiamondsaquaberry17
@neondiamondsaquaberry17 5 жыл бұрын
They have strict limits on who they will file the taxes for , example your income has to be under 45,000 and you can’t have a business on the side etc , it is only for the most basic low income of filers
@scotchy451
@scotchy451 4 жыл бұрын
@@thomaswalsh6947 haha i got my undergrad and masters in accounting at a school known for accounting. most internships are summer. yes some are winter but 95% are summer. there was no one in the program earning more than $18/hr for a job and even internships at the big 4 only paid $25 an hr. Your figure of $50/hr is pure BS. I was the highest paid student in my program at $60/hr because i started my own outsourced accounting company during my schooling. I did the VITA program as it was community service for BAP requirements and for my probation agreement.
@ccricc
@ccricc 6 жыл бұрын
I live in sweden, I just check the info from the "IRS" and then send a text on my phone to confim it looks ok. Takes 5 min. The american way seems... worse.
@HovektheArtist
@HovektheArtist 6 жыл бұрын
ccricc if you're lucky and have good files it may only take a few hours to a day, but a lot of people need a couple days to get it done
@WeeFreeGinny
@WeeFreeGinny 6 жыл бұрын
ccricc same here in Norway
@Hairysteed
@Hairysteed 6 жыл бұрын
Even better here in Finland. The tax administration just sends you a pre-completed tax return, and if everything checks out, *you do nothing!* No need to confirm anything! You only need to send out a correction if there are deductibles.
@okke8847
@okke8847 6 жыл бұрын
Viral Virus lmao trueeee
@drivera0502
@drivera0502 6 жыл бұрын
Cuz murica
@TwelvetreeZ
@TwelvetreeZ 5 жыл бұрын
This was fascinating, I've always found this so baffling about the US! For people who hate taxes, Americans spend a ridiculous amount of time doing them...
@magicalkillerz9130
@magicalkillerz9130 2 жыл бұрын
that’s why they hate it
@Obviary
@Obviary Жыл бұрын
@Nunya Business well I mean that's the whole reason America became a country
@crazy_pyromaniac
@crazy_pyromaniac Жыл бұрын
@@Obviary XD very true
@demogorghon
@demogorghon 6 жыл бұрын
I'm watching those videos and there is only one problem in USA. Lobbying.
@gregfeneis609
@gregfeneis609 6 жыл бұрын
Yep, lobbying, hacking our democracy long before there were emails to be stolen or social media political ad buys.
@NoThankUBeQuiet
@NoThankUBeQuiet 6 жыл бұрын
2 problems the 2nd being ignorance
@gorillamaximum3480
@gorillamaximum3480 6 жыл бұрын
KMichelle Argus so true😓
@topdogtrucker6036
@topdogtrucker6036 6 жыл бұрын
Yep, bahahah bahahah bahahah
@ranelgallardo7031
@ranelgallardo7031 6 жыл бұрын
Demogorgon White True. Wanna know why you we don’t have high speed rails everywhere in the USA? The airline and hotel industry lobby against them. Wanna know why we have Daylight Savings Time? The US Chamber of Commerce lobby to keep it cause people think people will shop more if the hours are pushed ahead. Wanna know why we don’t we haven’t banned assault weapons yet? the NRA lobbies against those bans. I can go on all day.
@darkstrifequeen1458
@darkstrifequeen1458 3 жыл бұрын
Damn it’s no wonder why being an adult is a terrifying nightmare. I thought I was paranoid about being able to have a life of my own.
@Cyclops0000
@Cyclops0000 3 жыл бұрын
Just imagine how many hours are wasted by Americans that could have been spent enjoying life or working on their own businesses instead of doing calculations for something the government already knows.
@drobvensick
@drobvensick 6 жыл бұрын
Wait they don't have that, I live in a developing country but still we have return free filing
@yincenteno298
@yincenteno298 6 жыл бұрын
piece of advice: keep your lobbies clean and empty.
@somkeshav4143
@somkeshav4143 5 жыл бұрын
drobvensick which country?
@scouttrooper3450
@scouttrooper3450 5 жыл бұрын
which country?
@CatholicWeeb
@CatholicWeeb 5 жыл бұрын
Can Anyone Pleaee Give Me A List Of Countries With Return Free Filing.
@scotchy451
@scotchy451 4 жыл бұрын
I US has return free filing. Its called a paper return. It is what I use. Also under the trump tax cut the software providers (turbo tax etc.) have to offer free simple returns. it is just they are deceptive about giving it to you
@guccigangsterzlitfamsquad3420
@guccigangsterzlitfamsquad3420 6 жыл бұрын
“Twelve dollars?” “Wrong!” “Now you’re going to jail!” “Bogus...”
@tiyenin
@tiyenin 4 жыл бұрын
Hasan Minhaj did a new episode on this! kzbin.info/www/bejne/bam0gp6wjM2AhcU
@addictedtonotsmoking2893
@addictedtonotsmoking2893 6 жыл бұрын
1:37 LOL I love how Obama and Reagan stole each other's catch phrases.
@Jun-fm1kp
@Jun-fm1kp 6 жыл бұрын
I don’t know why but that casual “bogus” made me laugh
@CiceroMagnus
@CiceroMagnus 4 жыл бұрын
Kept rewinding their interaction, it's definitely cracking me up 🤣
@TheRedneckjim
@TheRedneckjim 6 жыл бұрын
Literal corporatism and this doesn't get solved? This is technically illegal.
@MortibusOstium
@MortibusOstium 6 жыл бұрын
It's actually perfectly legal. According to some research, it's been around since the U.S. was first founded. Also, if you were to ask your congressman to vote or push any bill (for anything), your technically lobbying. What's illegal is if you tried giving him/her money to push a bill or vote against one. But greedy corporations get away with it by calling them gifts and giving it to the retired congressman who are owed favors by their predecessors (the people in office after them). The retired guys cash in those favors and do whatever it takes to have their predecessors do the dirty work for them. I agree that it's a messed up and broken system, but it's perfectly legal. One way around this is to make it it illegal to be owed favors, but then how would you enforce this?
@Fuar11
@Fuar11 6 жыл бұрын
It's legal because if it was illegal the government would be losing out.
@HopperDragon
@HopperDragon 6 жыл бұрын
Fuarian No, it would be the corporations losing out on their interests, at the benefit of the general public.
@topdogtrucker6036
@topdogtrucker6036 6 жыл бұрын
Have the IRS follow the money, polotitians is a paupers life, if they got a car, the gov bought it or they took a bribe... How do we enforce anything... When you allow an exception to be made way back, that slippery slope is presedent for the next crook. The supreme Court ruled in favor of the Cherokee Nation, but what happened... Trail of tears any way because they wanted the Gold. Americans ok with the governments greed then, now they are doing it to there own people. hmmm
@topdogtrucker6036
@topdogtrucker6036 6 жыл бұрын
monopoly is not illegal it must be controlled by the goverment if they are a monopoly... you only have 1 choice of power company, 1 water company, most paces 1 cable company... government 'regulated' code for corrupt cooperation...
@TheyCallMeNewb
@TheyCallMeNewb 6 жыл бұрын
In Australia, we must do our tax returns too, but the addition of the 'MyGov' website - and it connecting all my accounts and numbers - found me completing my return this year in maybe 5 minutes. Be afraid H and R block.
@mofo78536
@mofo78536 4 жыл бұрын
Not terrible, but at the same time I wonder if it can be automated any further?
@hersir557
@hersir557 6 жыл бұрын
in iceland we log in to our account on the tax website and just click on next until it is finished, takes 2 minutes to do our taxes
@mazdakmina9493
@mazdakmina9493 3 жыл бұрын
That undoubtedly sounds *so much* better than... "How much do I owe you?" "You tell me?" "[Attempts complicated math, guesses amount] Is that right?" "Wrong! Now, you're going to jail!"
@stealthinator00
@stealthinator00 Жыл бұрын
I think paying your taxes is like the world's worst game show where a wrong answer gets you into jail.
@eljefe8942
@eljefe8942 6 жыл бұрын
I'm sure Obama and Reagan had different reasons for supporting return-free filing
@roberth7559
@roberth7559 6 жыл бұрын
I'm beginning to ask myself why I remain in this country
@Learn.The.Hardway
@Learn.The.Hardway 4 жыл бұрын
Cause we're "free"...right? We're free aren't we?
@tripalink
@tripalink 4 жыл бұрын
@@Learn.The.Hardway most countries are free so idk why americans make a big deal out of it.
@tripalink
@tripalink 4 жыл бұрын
@Austin Martín Hernández but most countries have freedom of speech you guys just basically glorify it
@miguelbarajas9876
@miguelbarajas9876 4 жыл бұрын
Robert H Asian chicks with fat asses, burrito trucks, and reeeeeaallly good weed. I’m in California but yeah
@LancesArmorStriking
@LancesArmorStriking 4 жыл бұрын
@Austin Martín Hernández In terms of politically radical speech, sure. You can do the Nazi salute in public here, that's about the only difference. And that's what you're so proud of? Seems strange to me to worship the right to do something that has led to restrictions of the very free speech you treasure- Hitler became Chancellor before he was a dictator and then got rid of the free speech that allowed him to get that power. That's why European countries block hate speech. It always leads to less free speech over time. It's like saying "you're free to do anything, including stopping people from having that freedom!"
@ummsaalih4579
@ummsaalih4579 6 жыл бұрын
I really feel like we are all screwed, no one is getting anywhere because of this government.
@randomperson-zs5wb
@randomperson-zs5wb 4 жыл бұрын
exactly. that's why I am supporting Adam Kokesh
@BrittXShad2006
@BrittXShad2006 3 жыл бұрын
Let's just die then...
@oliverhakim414
@oliverhakim414 6 жыл бұрын
“Get ready to spend all your April’s with m’m’me” gets me every time 😂
@CapitalWorksPro
@CapitalWorksPro 4 жыл бұрын
Fun fact: the free options don't cover anyone with retirement contributions and so many other "complicated" situations anymore. Far as I can tell, while the irs website lays out the requirements on their website, there seem to be additional disqualifiers on the software, not listed before you use it, this year, that weren't there last year, effectively making it so you can't file for free if you have anything beyond earned income W-2's to enter, or so it seems. Anyone else experiencing this trying to file for the 2019 tax year? I used TurboTax.
@matrixman8582
@matrixman8582 5 жыл бұрын
I always though that TurboTax was one of the reason the tax code is so complicated
@harrypenrose2949
@harrypenrose2949 6 жыл бұрын
Jokes on you I’m British and all our taxes are bundled into our pay checks
@STho205
@STho205 6 жыл бұрын
YeX Hazza. We have it (tax payments) rolled into our paychecks too. The annual return is to just settle up. Did I overlay or underpay via the employers payroll gross estimates. Returns are to allow one to show an excessive cost in the year, a major financial loss, a major change in life, investment sales, a special thing one did (like buy an electric car) that gets rewarded with a tax credit. Most people, it is just the same ole same ole.
@STho205
@STho205 6 жыл бұрын
Disco Puppy. We need more of you in exactly what way my lad or Lassie?
@STho205
@STho205 6 жыл бұрын
Disco Puppy. However the UK is often chided as the environmental dirty man of Western Europe, backward and stubborn on progress (Brussels POV), odd on taxation (again Brussels/Paris), selfish, bullying, etc... . I guess it is perspective. I'm glad you are proud of your nation. I think many of those EU biases are unfounded. You have a great nation. You might consider similarly for your POV of the US. Since you don't pay taxes yet, ?? are not old enough??, it is unlikely you really know enough to judge. If you are getting info from web and TV comics, then you are getting a strange fictional view, often written by people that will later exhibit mental health concerns, and know little themselves. So consider the source. The US worker has income and social security taxes withheld as they go from each paycheck. At the end an annual review reconciles any estimate errors. Non weekly workers like the self employed businessman or investor, pays his estimates quarterly and reconciles once a year. This is not unlike the UK for adults. After a certain age American workers become pensioners (to use your term) we simply say retired. Widows and orphans become pensioners. Pensioners have a government health insurance (Medicare). The poor without substantial assets have Medicaid free of charge. So we do have national health for the squeezed and aged. Our elected government; Each state has its elected assembly and governor. No other state messes in that affair or jurisdiction Those state governments are responsible for 75% of a person's experience with government, education and law enforcement. As the US is a federation of states, the states elect a central government with limited powers. We have a President that is elected separately from Congress by a specific method. We have a Congress because our founders specifically DID NOT want a Parliament because they saw the British parliament (Tory party specifically) as the cause of the Revolution. We ended up making peace with the Whigs, due to the Tories mismanaging the Revolution and losing the US. Our Congress was designed to allow members to still function as lawmakers, even if they were in a minority party. The President can be elected even though the other party has a majority in the Congress. Finally the judicial is appointed by the executive with review and approval of the legislative. That must sound quite familiar. So the US had a similar governmental structure to the UK, but with specifically designed differences (Federalism) . Both nations are about the same age. Grand Union coming 300 years ago and ours about 244 years ago. We do not need your help, nor your council. We know what we're doing as you know what you're doing. Like sausage, the making of liberty is sometimes messy for each of us, but the result is eventually pleasant.
@STho205
@STho205 6 жыл бұрын
Disco Puppy. We're better separate working together than together working to be separate. We're fine.
@EthanThomson
@EthanThomson 6 жыл бұрын
in the UK it depends what job you do. if you work for the government in any way or for some large company, they tend to do your taxes automatically. if you're self employed, work for a small business or some large businesses, then you do it yourself
@rustybrown771
@rustybrown771 5 жыл бұрын
I recently bought a home so I figured I needed to pay for tax filing. I compared h&r block and turbo tax one free the other paid and my refund was the same. The paid program did not yield me more money like advertised.
@hisyamudinjali2175
@hisyamudinjali2175 6 жыл бұрын
Now I can see how america can be influence by money.
@codyfalkner3261
@codyfalkner3261 5 жыл бұрын
@steelhound duncan more like centuries. Gorge Washington sold moonshine while having his competition put in jail for the same thing.
@cardplayer2124
@cardplayer2124 4 жыл бұрын
A living floored flat tax would also simplify taxes dramatically. And according to many economists it would actually generate much more revenue for the government than the current tax system. Our current tax system isn’t meant to maximize revenue to the government, or be easy. It’s meant to manipulate the actions of consumers and businesses.
@GeorgeSayegh13
@GeorgeSayegh13 6 жыл бұрын
Can we open a class action law suit?
@cramps3677
@cramps3677 6 жыл бұрын
GeorgeSayegh that would be.... ideal !!!!!!
@topdogtrucker6036
@topdogtrucker6036 6 жыл бұрын
Your funny, yeah give that a shot... can't sue the government, they gotcha, nothing you can do... ha ha ha You can get involved with YOUR local state and national representative YOUR spokesman, STAY AWAY FROM PARTY POLOTICS !!!! Most don't know the names of their reps... find out who they are, what they are doing watch their youtube and FB pages
@B1gLupu
@B1gLupu 6 жыл бұрын
Against what? It kinda requires a law to have been broken and since they are just playing the system, it's not the case.
@codyfalkner3261
@codyfalkner3261 5 жыл бұрын
Sueing a probably billion dollar business is like trying to put out a 100 square mile forest fire with a 5 gallon bucket of water. There's no point in trying
@weareorigin
@weareorigin 5 жыл бұрын
They can extend the court hearings & drag it out until you run out of money from your lawyer fees.
@quinncortez3482
@quinncortez3482 6 жыл бұрын
I'm a tax preparer in a working-class neighborhood (I also live in basically the same part of town). This is completely true (if i never have to do another "i could do this in my sleep" return that doesn't require any real significant TAX KNOWLEDGE I'd be happier. Most of my at least partially self-employed clients and some of the ones who don't really have any ONE form that's tricky but DO have a lot of forms to deal with probably should be checking just to make sure that nothing gets missed, but that is not the majority of what I do). Also, I can tell you from experience that just because a preparer is working for any given company does NOT necessarily mean they're actually competent, and the current due diligence requirements for Earned Income Tax Credit are a combination of a cash grab attempt by H & R Block since they got to literally help rewrite the tax code and "Congress hates single moms". I do get some single dads filing as Head of Household, but the vast majority of people using that filing status (which is a perfectly legit one BUT it's also one that I have to ask some really nosy questions about their family situation) are single moms. Even if you weren't already "Team Babymama", my job will probably make you be. I hear a lot of "I don't know where the biological father is/didn't live with us/didn't give us money or other support", and although some of them may be shading things a bit a) I am required to get plausible and consistent answers that do not contradict anything I have seen or heard during the filing process and I don't know for sure are false because personal knowledge of some sort NOT be a PI and b) even if your ex regardless of gender/lack thereof has the kid or kids five months out of the year and pays a reasonable amount of child support, as long as my taxpayer had the kid(s) six months and one day and provided more than half the household support they are still legally okay filing as Head of Household. And no, it ALSO doesn't matter if you're still legally married to your ex, as long as they moved out before the beginning of tax year June, you kept the kid(s), and you provided over half the household support for you and your dependents THAT'S legit too.
@andygarcia5270
@andygarcia5270 4 жыл бұрын
*TurboTax Ad plays before video* "maybe I should give those guys a try 🤔" *Adam Ruining Everything* "😮"
@charlesboyce651
@charlesboyce651 6 жыл бұрын
Now I'm pissed I saw this the day after filling my taxes with turbo tax...
@kalijasin
@kalijasin 3 жыл бұрын
Return free filing would put turbo tax, hr block, tax accountants, tax lawyers, etc.. out of business.
@Angry-est
@Angry-est 3 жыл бұрын
Just like how making slavery illegal would put slave shipping companies and slave traders out of business... oh wait
@whyjaygold
@whyjaygold 4 жыл бұрын
Andrew Yang brought me here. Maybe he got the idea for his policy from Adam haha.
@Jarod-vg9wq
@Jarod-vg9wq 5 жыл бұрын
So the government knows your taxes and financial info, and they make YOU do all the work. America’s a weird nation.
@nomz500
@nomz500 6 жыл бұрын
That's crazy - in New Zealand, our tax is automatically deducted through payroll. we just request a personal tax summary at the end of the financial year, add on any cash jobs, and see of you're eligible for a refund on your taxes. Even then, there are tax refund companies that check your eligibility.
@batsunz
@batsunz 2 жыл бұрын
3 years on, NZ has what is effectively return-free filing, the IRD automatically lets you know your tax report now, at which point we add on deductible expenses, etc and get told if we get a refund or underpaid and owe tax for the financial year.
@Tian2zi4huang2di4
@Tian2zi4huang2di4 3 жыл бұрын
Yet another example of corporations spending money so that stuff doesn't happen.
@nikt12
@nikt12 6 жыл бұрын
you should change your anthem to "the land of the thiefs"
@aceman8156
@aceman8156 6 жыл бұрын
It that you Brother Ali?
@StorkClips
@StorkClips 6 жыл бұрын
It's the land of Fat cats and obesity already. I think we're full. But try again when the Clintons come back to power.
@Jack-wm1zq
@Jack-wm1zq 6 жыл бұрын
only an American would only see one problem with the USA.
@sonicfreak04
@sonicfreak04 6 жыл бұрын
accurate
@petershoaf1356
@petershoaf1356 6 жыл бұрын
Why? Does your country not have taxes?
@SamanthaRichardsonWP
@SamanthaRichardsonWP 4 жыл бұрын
As a tax accountant from a (once) reasonable country, the tax industry is much worse. In Australia you have 11 months to file taxes if you file with an accountant so you aren't working 100 hours throughout March and April to get it all done. Because the accountants worked together to get the deadline extended. But in North America .. nah, collaboration has never been a thing 🙄
@salmanaisawesome
@salmanaisawesome 4 жыл бұрын
You forgot they agreed to help people under a certain amount to file their taxes BUT it was so hard to find that form! They hide it from you, you cannot even directly search for it!
@Kyleplaysgames567
@Kyleplaysgames567 4 жыл бұрын
People in other countries: Guy:"You know that's the best part about taxes? They do all the math for you. They send you a bill, tells you how much you owe and then you pay it. That simple." Friend:"Well of course why wouldn't it be?"
@annekekramer3835
@annekekramer3835 2 жыл бұрын
No, ever better: they send you a letter telling you how much you get back! From our income, we pay taxes as if we don't have deductibles. So when you do have some that the government missed (like charity) you get money back.
@MandoMonge
@MandoMonge 4 жыл бұрын
One thing I HATE when going to the states is getting those surprise taxes at checkout, why don’t you guys put tax included prices on things like the rest of us?!?!
@DuelaDent52
@DuelaDent52 6 жыл бұрын
Was that Zack from CollegeHumor?
@rafaelhakimian6873
@rafaelhakimian6873 6 жыл бұрын
This show began on college humor
@jacklazzaro9820
@jacklazzaro9820 6 жыл бұрын
Where?
@surrealb7214
@surrealb7214 6 жыл бұрын
Sega Sonic the pizza guy
@dancingcarapace
@dancingcarapace 2 жыл бұрын
Once again, reasons why the UK cringes at its child. Here in the UK, unless you run an independent business, the government does all the tax filing for you, and your taxes simply come out of your wages/salary. And you’re actually exempt from taxes if you earn under a certain amount, as it would be inhumane to take money you literally can’t afford to part with. The same is true for another thing Americans get screwed on and just accept: Student debt. In the UK, your student loans will be payed back after you earn a certain amount. (Iirc it’s something like 21K a year) and the student loans are payed back in instalments based off your yearly income. Also, last I checked, if you become unable to pay off those loans, you CAN file for bankruptcy, unlike Americans who have their wages garnished
@yseson_
@yseson_ 6 жыл бұрын
1:43 "wow! that must be the only thing those guys could agree on" Now that's funny
@nightblade3709
@nightblade3709 3 жыл бұрын
And it's way, way worse if you're an independent contractor
@chrismain3968
@chrismain3968 5 жыл бұрын
You guys are the freaking best! Thanks for saving me all of the money I was going to spend on taxes!
@STho205
@STho205 6 жыл бұрын
For most of us, the tax filing is actually pretty easy, 1) list income (probably only two or three simple sources) 2). Figure standard deductions ( a number of people X a $ amount) 3). Subtract and Find the tax on the difference 4). Find any tax credits you qualify for 5). Subtract and that is what you owe. 6) compare that to what your employer already gave the IRS and you get the refund or extra to pay. It could be done on a postcard sized form, but the 1040ez style form is not applicable to most filers except single earners (usually kids). It should be. The steps above are all 90% of us do on the 1040 form. Most of the firm remains blank. It is however intimidating and the instruction language is convoluted, especially for the reasons shown in this video. Almost like Gandalf casting a spell. The IRS is not as efficient and well programmed as you may think. Often they need four to six months to change audit programming based on new law that often gets passed on Dec 20 or so at the last minute. Also many people (but not most) don't earn money the way an office or factory worker does. Self employed peoples have to figure business cost and pay both halves of social security. Farmers and Railroad workers have special complications. Wealthy or severely I'll people will likely itemize deductions. Some people live in one state and work in another, or moved mid year. Then, of course, most have to do state tax forms too. Those people are best served by a paid preparer. However 90% could get return free filing as shown and just appeal anything the IRS messed up or didn't know about.
@RobertWF42
@RobertWF42 5 жыл бұрын
Part of the reason we have to file our own taxes is because you can earn tax deductions for various things which the IRS may not be aware of. Legislators like to pass new deductions for their constituents so the tax laws keep changing.
@KingBawb-wg3jo
@KingBawb-wg3jo 5 жыл бұрын
This is a valid point. Of course we could just get rid of the income tax. That would be even easier.
@Just.Celeste
@Just.Celeste 3 жыл бұрын
Me, a french-american living and working in France, discovering Americans live in an actual fiscal nightmare. Cannot comprehend (again).
@benjaminsrensen4638
@benjaminsrensen4638 4 жыл бұрын
Here in Denmark, we just edit the numbers so it's correct for them, I personally set them a little high, so when it comes to the yearly returning/owe I get returned money and that's the only time I check the taxes.
@TehAntares
@TehAntares 5 жыл бұрын
Not sure about US, but in my country, if you are a contractor or something like that, then you have to first inform the respective bureau, then each year you have to fill at least six pages long form (if you live simply and don't do complex business stuff, then it's quite easy). This form then has to go to our version of IRS, but this is not over yet. You have to fill two other forms and send those to social insurance company (burn them) and health insurance company (burn them more), respectively. Those have around three pages total. During year, you keep paying those insurances, after a year, both companies send you how much you paid them, then you have to write that sum into the form and send it to them. Lovely, isn't it ? Also, the social insurance company has one dirty trick - in the sum, they don't count with the last (December) payment, so they inform you you have to pay for the last month (even if you already paid for the last month).
@gregfeneis609
@gregfeneis609 6 жыл бұрын
Filing service representative: Tax Headroom
@EMDEEW
@EMDEEW 2 жыл бұрын
This is not about taxes, but about DOING your taxes. Taxes are good. We all chip in and we have roads and schools and hospitals.
@richieschmidt6225
@richieschmidt6225 2 жыл бұрын
Roads and schools existed before taxes. Try again.
@KrasMazovHatesYourGuts
@KrasMazovHatesYourGuts Жыл бұрын
@@richieschmidt6225 Not very good ones.
@richieschmidt6225
@richieschmidt6225 Жыл бұрын
@@KrasMazovHatesYourGuts would all of the roads suddenly vanish into thin air if we stopped paying taxes? Or would they just continue to get neglected like they already are?
@KrasMazovHatesYourGuts
@KrasMazovHatesYourGuts Жыл бұрын
@@richieschmidt6225 They are only neglected because our infrastructure repairs are consistently underfunded because of people like you.
@tylerkurban5604
@tylerkurban5604 4 жыл бұрын
The best part about this video is that a TurboTax ad pops up at the end 🤣
@wrensey_YT
@wrensey_YT 2 жыл бұрын
The fact that I got a TurboTax ad after watching this
@pal1d1nl1ght
@pal1d1nl1ght 6 жыл бұрын
Ive seen this twice
@butchdartman7992
@butchdartman7992 6 жыл бұрын
So?
@feynstein1004
@feynstein1004 6 жыл бұрын
This makes thrice for me
@weberd346
@weberd346 6 жыл бұрын
I have never understood why the IRS has not gone to a Flat Tax without allowing any loopholes at all.
@klonoa7560
@klonoa7560 6 жыл бұрын
The IRS does not make tax code. That falls on the congress to do. Further, while I am for eliminating loopholes, a flat tax without brackets would result in one of two outcomes: 1. Massive shortfall in revenue due to not enough taxes coming in from the wealthy 2. Everyone else ends up on the streets due to a tax rate too high for the lower and middle class
@johnhrock1009
@johnhrock1009 6 жыл бұрын
the politicians won't get any kickbacks from the rich corporations if they can't get any discounts on taxes.
@theintrovertedaspie9095
@theintrovertedaspie9095 Жыл бұрын
Adam doesn't ruin anything. He opens our eyes to the reality. Gives all of us a wake up call. It may be friggin unpleasant but thats not his fault.
@mk3a
@mk3a 4 ай бұрын
The deal preventing the IRS from providing Return Free Filing was axed in 2020. Both Intuit and H&R Block left the FreeFile Alliance a year later. Now the IRS is currently developing a return e-free filing that is essentially similar to most of the developed world.
@simonmccroskey906
@simonmccroskey906 6 жыл бұрын
Me before this video:Ha! You can't ruin taxes! Me after this video: ...
@Im_George
@Im_George 6 жыл бұрын
Just remember this would really only apply to people doing the basic state and w2. Obviously for business owners and independent contractors, the IRS doesn't know how much I spent on tools and everything else to do my job. That can be a whole bunch of stuff that won't be done in 5 minutes. This is something not mentioned in the video.
@Tletna
@Tletna 6 жыл бұрын
You make a very valid point. Although, I would ask, why should we get deductions for job-related tasks? Or for being married, having kids or owning homes? It makes zero sense. I think the government both charges too much in taxes and gives too many tax breaks. Why can't we just create a simple taxation scheme, one for business, one for private individuals? I don't get why the IRS wants it so complicated and I don't believe it is solely due to lobbying from big businesses. I think by leaving it complex, the government gets away with overcharging citizens every year probably to the tune of millions or billions, and at the same time many don't file taxes properly and are either losing out, or not paying their fair share. Either way it is a shame. Most taxes should be considered illegal anyway since they violate most principles the US were founded on, but if we had a simpler system for doing taxes and didn't have so many things taxes or deducted from taxes, we could actually see what taxes we're paying for what and how much and then vote on it or elect those that will represent us properly.. right now, it is a huge confusing sea and people who want to itemize everything just to save a buck are making the problem worse, not better.
@MeepChangeling
@MeepChangeling 6 жыл бұрын
The IRS dosn't get to make the tax code, they only collect the money and process accounts. If you want to know why those things get you deductions, ask congress. The IRS are just fall guys for their incompetence.
@MK-ex4pb
@MK-ex4pb 5 жыл бұрын
You shouldn't be filing in that case anyway unless you have a big paper trail
@MK-ex4pb
@MK-ex4pb 5 жыл бұрын
@@Tletna because they are designed to incentivize behavior
@emberguard5009
@emberguard5009 6 жыл бұрын
well that suggestion of what it should be is fairly close to Autralias system if you do them online. You can still do it entirely on your own with the paper copies, but if you do it online most of it is pre-filled for you and you just enter any missing info.
@user-tb9yv4zz3u
@user-tb9yv4zz3u 3 жыл бұрын
Just did my taxes. In Korea you just have a government site you go to and just punch numbers into. You don’t even have to calculate how much you earned/spent. You can just search it up in said site
@deeb3272
@deeb3272 6 жыл бұрын
Reupload?
@george-hh-chang
@george-hh-chang 6 жыл бұрын
I think they add a minute to it.(not quite sure)
@breakingthemasks
@breakingthemasks 6 жыл бұрын
Yeah... I've totally seen this before. Grr.
@breadbear741
@breadbear741 6 жыл бұрын
Dee B They uploaded it to Buzzfeed and this channel
@Eli-rq8et
@Eli-rq8et 5 жыл бұрын
This fails to take into account local family run accounting offices like the one run by my aunt. It has been there for over 20 years, but because everyone stopped going to her. She had to sell out and become part of the h and r block franchise. If more people went to accountants like her h and r block wouldn't be so powerful
@h3lm1H
@h3lm1H 4 жыл бұрын
The sad truth is even many people know this , they can not do anything. That the power of money
@Hairysteed
@Hairysteed 2 жыл бұрын
From Finland. Never _payed_ taxes in my life. Instead the money that I owe in taxes never enters my account in the first place. I do get a little bit in tax returns every year tho.
@ms.kylielevine5297
@ms.kylielevine5297 4 жыл бұрын
Adam should do an update on this video. There are ways to file for free. I use Credit Karma and it's amazing. Super easy. They tell me everything I need to know and I can get it done in about 10 minutes.
@whatisahandle221
@whatisahandle221 2 жыл бұрын
?
@Naiuhz
@Naiuhz 6 жыл бұрын
Yeah but why do Canadians have to do their taxes? Is this just a North American thing or it happens everywhere?
@Nanowith1
@Nanowith1 6 жыл бұрын
Naiuhz Here in the UK your employer does it for you.
@Samo762
@Samo762 6 жыл бұрын
In most European countries, if your only source of income is a full time job, your employer pays your taxes and you never have to file anything. So most people never file a tax return.
@babbonatale6342
@babbonatale6342 6 жыл бұрын
It's mostly US and Canada, the majority of the world the taxes are done either by the state or your free assigned syndicate lawyer
@BenjiRas1
@BenjiRas1 6 жыл бұрын
In Denmark, tax return is filed automaticly. If we've paid too much, "skat" (pretty much the same as IRS) tells us how much they owe us and pay it back.(and if we owe them, we have to pay ofc.)
@B1gLupu
@B1gLupu 6 жыл бұрын
BenjiRas Finland too. Taxes return season is usually a pretty good time of the year since people overestimate how much they are going to earn, and get their tax cards accordingly.
@SimGunther
@SimGunther 4 жыл бұрын
Just in time with tax season. Thanks, KZbin recommendations
@PoninesRegen
@PoninesRegen 2 жыл бұрын
I think in Germany you only have to do your taxes yourself if you are a freelancer who earns above a certain income. However you can do them voluntarily if you want to get some of your tax money back, that's why alot of people still do it ^^
@TheGamingSyndrom
@TheGamingSyndrom 6 жыл бұрын
No taxation without representation
@crickus5249
@crickus5249 6 жыл бұрын
However, they don't know the total of my work expenses: gas consumption, car repairs and maintenance, clothing requirements and such
@cj19030
@cj19030 6 жыл бұрын
That is why you can just add it to the return the government sent you. It was in the video right before the sex joke
@kaygirl2016
@kaygirl2016 4 жыл бұрын
I got a TurboTax ad right before the video
@MaryAlice08
@MaryAlice08 2 жыл бұрын
I tried to use the hr&r free version this year like I do every year and it forced me to use their paid version by claiming I was eligible for some extra savings related refund even though I answered no to all the related questions. I tried to restart and skip that section, it wouldn’t let me, tried to say no to that refund, because it was worth less than the cost of their stupid software, and it said it couldn’t complete the file using the free software because the free one didn’t include that refund but since I somehow qualified for it even though I did nothing to save, my tax return wasn’t complete and eligible to be sent without it. I felt like they made up some bs extra $20 to give me on my return to just to force me to pay $50 for their shitty software. Then when I went to chat with someone about it, because I had paid for the ability to chat with an agent now, they kept exiting the chat before it started.
@yiyi3926
@yiyi3926 4 жыл бұрын
Ah, Canada, where lobbying is illegal!
@lifeofajeeper5235
@lifeofajeeper5235 6 жыл бұрын
I hate taxes it NEVER goes to what it says and taxes keep growing all the time
@InfantTree
@InfantTree 2 жыл бұрын
In the netherlands most tax forms are prefilled online and you only have to check it.
@coronavirus5625
@coronavirus5625 4 жыл бұрын
I got a turbo tax ad promoting “free tax filing”
@VictoriaStobbie
@VictoriaStobbie 6 жыл бұрын
Only filed for a return once, with help. And I think Australia already does this return free filing. It's all online. I just needed to check a few things. And I don't make more than 18k+ a year anyway BOI!
@smileyman1721
@smileyman1721 6 жыл бұрын
As a guy who just got done with his taxes, this makes what I just did look like subjective slavery.
@DarkLordDiablos
@DarkLordDiablos 2 жыл бұрын
Essentially it is as you are doing their job while they take money off you.
@agulyasbalazs
@agulyasbalazs 6 жыл бұрын
in Hungary we have this "Return Free Filing" since this year I feel myself so developed :D :D (It really makes sense: they show you what they know about your income and you just add if you had anything else than that.)
@idongesitusen5764
@idongesitusen5764 Жыл бұрын
A system that makes tax filing easy for the government and its citizens. I want that!
@veggai
@veggai 6 жыл бұрын
isn't the government getting paid not to change corruption? it would be here in sweden
@wolves600
@wolves600 6 жыл бұрын
the politicians get paid to make it so its not corruption
@TaxationIsTheft
@TaxationIsTheft 4 жыл бұрын
There is a reason you have to do your own taxes, and they will already do it for you. Sending in the calculation yourself is creating a contract and confession that your income is taxable when it likely isn't. They'd prefer to get your confession than to calculate it themselves. However, if you signed a w4 or w8, that is also a confession that the income is taxable (but not the final amount) and relies on information supplied by your employer. If you don't file, they WILL file for you, and they usually withhold enough to cover what they believe you owe. Of course, to incentivize you to sign the full confession, they offer you some cashback. Yes, that's how it actually works.
@jorenvanderark3567
@jorenvanderark3567 6 жыл бұрын
In the Netherlands the taxes are basicly done by the government, you go to the website log in with your digital id, go over the records, correct whats wrong or fill new info in, and voila your taxes are done. Didn't even take me an hour to complete them. (this only goes for income taxes, corporate taxes are more complicated)
@christopherbennett5858
@christopherbennett5858 6 жыл бұрын
Yeah, in the UK, us payroll workers send a copy of people's gross and net pay every month to the HMRC (the UK's IRS). The only issue is when more people are using hand-to-hand money transactions which may usually be unclaimed by many self employed people who should know better.
@YourMajesty143
@YourMajesty143 6 жыл бұрын
I use freetax.com, all completely free the whole way through. I've used it for the past 3 yrs.
@claudiagarciamera5051
@claudiagarciamera5051 5 жыл бұрын
I knew it!!! And everyone just quietly stands by.
@penguin0265
@penguin0265 4 жыл бұрын
I love how I had a turbo tax add on this
@marymccann3500
@marymccann3500 2 жыл бұрын
I read this wrong and was like "Damn what did Texas do to you"
@TheThaddeusBlake
@TheThaddeusBlake 6 жыл бұрын
Even better would be to abolish the income tax and move to a federal sales tax. Problem solved.
@andromedagalaxynebula5751
@andromedagalaxynebula5751 5 жыл бұрын
*Federal Reserve and IRS would like to know your location*
@Exilon0193
@Exilon0193 6 жыл бұрын
Every episode just make me laugh at the US.
@djl_cyber_yt
@djl_cyber_yt 4 жыл бұрын
Ironically, a TurboTax advertisement popped up before this video started.
@wrathfulcucumber1979
@wrathfulcucumber1979 4 жыл бұрын
I got an add for both turbotax and H&R block on this video
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