The gift tax is the stupidest thing I’ve ever heard so far
@بيانالفارسية3 жыл бұрын
same HAHAHAHA
@randomytpstation32613 жыл бұрын
Bruh I can't believe something like that exists
@karlaburgos58493 жыл бұрын
it is so ridiculous!!!
@UltraRik3 жыл бұрын
corporate tax and tariffs de facto decrease social utility and are by far the dumbest things ever gift tax helps stopping ppl who try to avoid wealth/inheritance tax
@stayswervin5543 жыл бұрын
It wouldn’t be so stupid if you actually understood the regulations tbh
@sandykl3 жыл бұрын
Thank you for breaking it down and defining all the terms. What makes me furious is that we are taxed left and right - seems limitless. But there still isn’t enough for the government to purchase crayons for children in public schools? Taxes increase and education funds decrease. Makes me sick to my stomach.
@spaghettimeatballs63523 жыл бұрын
Honestly. The reason is because unfortunately most taxes go to the military and to rich people and corporations in tax cuts, so that means poor and middle class people have to pay more to make up for the money lost, when taxes really should go into education, infrastructure, and innovations, but it is what it is 😪
@cv48093 жыл бұрын
@@spaghettimeatballs6352 nope, it's just that governments don't always spend and invest correctly
@johnshumate81123 жыл бұрын
Federal taxes don’t go to local education. Their money comes from local property taxes.
@dl28393 жыл бұрын
@@spaghettimeatballs6352 Public Schools will *never* get better. They cost double what Private Schools cost and ruin education. They indoctrinate students to accept their control and continue to prop up the corrupt system. The only way education can be fixed is by abolishing Public Schools.
@loganC57433 жыл бұрын
@@dl2839 relax homie I wouldn't go that far
@victorvalderrama99414 жыл бұрын
Thank you for explaining with simplicity!! I learned a lot
@Urmapleleaf3 жыл бұрын
Ι have brushed up my knowledge on taxes within at least 5 minutes, than I did back at school, that it had taken me at least half of the semester.
@taxslave59064 жыл бұрын
So basically the government owns all properties as you are forced to pay them rent (property tax).
@yeetuscapleetus53263 жыл бұрын
there is no capitalism
@taxslave59063 жыл бұрын
@@yeetuscapleetus5326, exactly. The government owns it all so no, there can’t be capitalism.
@ghostsniperable3533 жыл бұрын
This is why property taxes should be abolished. It goes against our Natural Right to have property.
@taxslave59063 жыл бұрын
@@ghostsniperable353, exactly. Property should be considered a natural right, not a commodity to be taxed.
@nickyoung61103 жыл бұрын
Yup unfortunately, I feel like it’s just an excuse for them to take money and charge everyone for everything
@Zavantica5 жыл бұрын
Excellent easy-to-understand video
@cloudvalkar4 жыл бұрын
the internal revenue service is satanic and largely owned by the united kingdom
@liu4084 жыл бұрын
4:13 the 15.3% is the total FICA tax which include Social Security and Medicare contributed from employer and employee. So for employee is only 7.65%
@samgalloway30123 жыл бұрын
this is called a social agreement. fellas, you lowkey accept ot without knowing and when you turn 18 and youre a us citizen...
@roelrequenez22803 жыл бұрын
So with all this taxes the government and states collect you would think we would not be in a deficit.
@dl28393 жыл бұрын
The government would have to actually reduce spending to do that.
@foggyshores59864 жыл бұрын
Governments spend by crediting bank accounts, creating currency in the process. Governments tax by debiting bank accounts. Taxes remove or delete some of the currency they previously created. So taxes cannot “give” the government “money” to spend; rather government spending actually gives us its currency so we can later pay our taxes. We have it backward.
@senselessjay81933 жыл бұрын
The estate tax got me. Even in death, gotta pay something
@mustang316302 жыл бұрын
beautiful explaining , ...
@yusufzaman80683 жыл бұрын
when we make money we pay the government and when we spend money we pay the government
@awhb54124 жыл бұрын
Thank you very much. Very easy to understand. You deserve many likes
@MuhammadAbdullahMirza4 жыл бұрын
Wow.....amazing video very simple & full of knowledge. Looks like it makes me understood the whole revenue system of USA.
@angelclark70152 жыл бұрын
Best explained ever!
@harikrishnanchandramohan42092 жыл бұрын
If we pay state tax and then federal tax, how much will I be left?
@espoeverythingchannel11 Жыл бұрын
Thank you it helped so much!! Perfectly done😊
@ilyamavropulo15572 жыл бұрын
Thanks for a great and very helpful video!!! Would you be so kind as to comment on the 2 questions below? 1. If I live in US, holding F1 visa, can I work remotely in another country as an entrepreneur? Can I avoid double taxation in that case? 2. Same question for my wife, she holds F2 visa Many thanks for consideration and response!
@attalus8513 жыл бұрын
All the people in the beautiful land of the USA. We need to stand together in unity against this government. Other Gov. of the past have been overthrown by the people for a 15% tax. How have we let this happen to us? Forget fighting over political parties. Our jobs have been shipped oversees, we are paying 50% plus in taxes a year with new taxes on the way.
@awaisahmedmphilscholardepa59312 жыл бұрын
please explain the Internal revenue tax which is paid by member of a certain finance company.
@em-xu3qb2 жыл бұрын
Thanks for explaining
@anwarulhaq9285 Жыл бұрын
Which law is used in USA for income tax
@ritzkola23024 жыл бұрын
Great video
@warthogA102 жыл бұрын
So I pay excise tax on my vehicle each year, because having a way to get back and forth to work, and stores so I can pay income and sales tax... is a sin?🤔
@manzoorahmed-td2ct3 жыл бұрын
nice information
@Aqtalni4 жыл бұрын
See I just wanted to find out tax to buy me a bag of chips- I learned something today
@makima-san.in.disguise4 жыл бұрын
exactly
@ghoulfex78453 жыл бұрын
you're not the real mai senpai
@aline21o854 жыл бұрын
Thanks👧❤
@joeshitlip47804 жыл бұрын
why doesnt property tax fall with estate tax there the same thing right?
@fareshejazi22974 жыл бұрын
Mate estate tax is taxes they will get of the money you leave when you die, property is money you pay each year for properties you own like a house
@charlesoto26 жыл бұрын
Amazing~!!!!
@pascualsmithvaldes90384 жыл бұрын
I wonder why there is not enough money for... "... this includes things like defense and the military" Oh nevermind
@ghostsniperable3533 жыл бұрын
Military and defense is not the problem, its constant foreign wars and radical spending on government programs that causes most of the debt.
@CE-vd2px3 жыл бұрын
@@ghostsniperable353 it is crazy. I looked up the budget and 70% of our budget is welfare, food stamps, SS, medicare, etc.
@MrWAEL8884 жыл бұрын
Just telling, in Saudi Arabia taxes are 5%. + 2.5% (Zakat) And nothing else.
@fareshejazi22974 жыл бұрын
Mate now it is 15% sale taxes 200% taxes on smoking and energy beverages and 100% taxes on juice that contain sugar !
@fcinsider14734 жыл бұрын
Bravo
@Darkiie5 жыл бұрын
This told me more in 8 minutes than I've ever learned about the US tax system. Makes sense why USA are multi deca-trillionaires as a nation now lol it always baffled me where the riches came from.
@DoctorDatah3 жыл бұрын
Thank You 💙
@marwan77964 жыл бұрын
Thanks
@onekingdom19554 жыл бұрын
Nice
@wesfortney52943 жыл бұрын
Should say that in 1913 the American government abrogated it's social contract with American citizens by violating the simple and obvious intolerance of a personal income tax written into the law of the land our U.S.A Constitution. The USA government does not have the authority of responsibility delegated from citizens to run as a business, meaning it cannot Constitutionally rent or manage or otherwise profit from land or valuables it comes into possession of, those are to be held in public trust (used for a legitimate public purpose) or sold to citizens. A far cry from subsidizing foreign ownership of property, like the abrogated government usurpers.
@equava70955 жыл бұрын
Rip Bugha
@ProPlayer-hk9ko4 жыл бұрын
yeah rip he didnt earn 3 m dollars
@joeshitlip47804 жыл бұрын
is excise tax a direct tax?
@joeshitlip47804 жыл бұрын
???????????
@CornbreadXVX3 жыл бұрын
Came here looking for info on State Tax
@kvan37064 жыл бұрын
Very helpful. Thank You
@jacobmather95904 жыл бұрын
What about Capital Gains Taxation?
@IbelieveinHarveyDent4 жыл бұрын
I believe that would fall under property tax, I could be wrong though
@shealdedmon70272 жыл бұрын
Non tax revenue sounds like a tax to me.
@briantezo92323 жыл бұрын
Federal taxes used for national defense, vets etc. Am ok with it. State taxes: used for roads, schools, bridges and any other services like local authorities. Am ok with it. County taxes: used on the same stuff as state taxes...?? Double taxation for the same services. City taxes: again the same??.. Property taxes: used for the same stuff..... Wtf why are we been tax over and over again for the same services? Not to mention am paying 2 different county taxes for whatever reason. This is just straight stealing and also got a school tax the other day. The government keep adding more abd more taxes.
@RedCandleWax244 жыл бұрын
Federal income tax was enacted at the same time as the federal reserve. The federal reserve is a private bank (drafted by the richest bankers in the world at the time, Rockefeller, Morgan, Rothschild, etc) and took Congress’s power of coin. One of the fed’s goal was to loan large amounts of money to the government, and the income tax was imposed as they needed to guarantee return on interest and profit off the American people. The Fed is responsible for inflation (hidden tax), which was nonexistent before this time since the 1600s, as well as many manipulations (war involvement as wars cost money), interest rates, depressions, stock market trends, etc. Woodrow Wilson, the president at the time, had well known and strong ties to the Rockefeller’s, as did many in Congress (Aldrich). Just remember that when you’re thinking Democrat vs Republican...the bank always wins. You never hear about it because those same families own the media. Between 2007-2010 the fed gave Wall Street banks (themselves) $29 trillion dollars. Just spreading the word.
@sauce23714 жыл бұрын
Types of legal theft in the United States*
@gluarsabishvili19904 жыл бұрын
I'm so proud to be a non US citizen and more prouder that I never will be Ps: The funny thing is people protest to stop wars but they pay for it. That I call democracy
@CE-vd2px3 жыл бұрын
Unless the people go physically threaten the government doesnt care.
@ahmadalmahaini18245 жыл бұрын
how the Americans people live with all those taxes:::
@jovanomata41555 жыл бұрын
Go to Brazil and you'll see how worse is tax there... More than 20 types of taxes
@RaphaelLGD5 жыл бұрын
Jovano Mata To be more exact, about 80-90 types of taxes
@Feast_9655 жыл бұрын
Thank god we have oil and no taxes here ... Holy shit this is brutal
@bossprime57984 жыл бұрын
@@Feast_965 middle east ?
@jacobolmsted25154 жыл бұрын
Banananana
@michaelsamuel73659 ай бұрын
Govt can raise morerevenue by taking over housing.
@sigmarider7865 жыл бұрын
Tell the percentage also , u did so much work adding percentage won’t matter
@alvisjenkins130510 ай бұрын
This woman is dead wrong but you would never know it unless you research the tax laws. Here is how simple it is to know whether you are an official taxpayer to the government. The IRS uses a tax guide known as document # 6209 of the IRM ( Internal Revenue Manual ). In this document you will see that tax forms W-2, W-4, W-2G, 1099, are class 5 gift taxes. You are voluntarily giving your hard earned money to the government voluntarily. There's more to know which proves you are not a debtor to the federal income tax.
@skully97__624 жыл бұрын
how bout’ payroll tax
@IbelieveinHarveyDent4 жыл бұрын
That’s the social security and Medicare tax
@bouirot4 жыл бұрын
I’m 14 and all i know are federal and state tax and now I’m even more confused
@OK-wu4eq4 жыл бұрын
I forgot this so I’m watching videos on how sales tax works
@kasim99313 жыл бұрын
In a nutshell.
@oswaldodiaz99114 жыл бұрын
Wtf
@giancarlogonzalesdelvalle51503 жыл бұрын
💊 s
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@mkviis4 жыл бұрын
We have oil here but only have sales taxes and it’s basically $5 increase of the original price of any product. It’s fine, why would I complain when we’re living in heaven on the desert.
@robindoggie70223 жыл бұрын
it’s not fair taxation, how can people be so ignorant, let’s say I make 100k a year, and pay 30% flat-rate income tax so 30k a year, big corp earns 100million per year and they pay the same rate 30%, that’s 30 MILLION they pay. That would be fair taxation. But then wait if you increase this to let’s say 60% for people over that amount, now they have to recoup lost income somehow, so they raise prices for their customers through the ROOF, and everyone at the bottom to the middle now makes less, while the government pockets it all, do you really think the more taxes the government takes that they will just shower the poor in wealth, NO. ONLY, the government benefits from it. And they spend MORE. I’m just dumbfounded, at the stupidity, of people in this country.
@StupidAThandle2 жыл бұрын
USA makes most of its money on war that’s why you guys are in so many wars and why you start so much wars
@Arjun-pg9je3 жыл бұрын
This shows only rich can live in America
@StupidAThandle2 жыл бұрын
Ur luck ur taxes are so low in Canada 50% of ur check is taken away
@witekhcify5 жыл бұрын
This video is made to fast, so folks can't understand. Simplistic examples would be appreciated.
@federicabuso13424 жыл бұрын
@Lord Tyrannus woahh...that's not very kind. witekhcify was just expressing her/his opinion haha chiiill