Hacker News new | past | comments | ask | show | jobs | submit login

No they don't. There's a gazillion things you could do or claim to lower your tax bill.

Moreover, if you set up all yoyr withholdings correctly then you do not need to file anything. You only need to file if you owe (ie you set up withholding wrong) or want yoyr money back (ie your withholding was wrong)




That is not true. You're generally required to file a tax return if your income is over 12K, depending on your filing status and various other rules, regardless of if you owe money or are owed a refund.

https://www.forbes.com/sites/kellyphillipserb/2019/01/30/do-...


That's the problem. There shouldn't be a gazillion things, and the fact that there are is a major reason why rich, savvy, and unscrupulous people are able to game the system while average people pay full freight.


TFW you learn it's unscrupulous to read the tax code


The three adjectives I mentioned are all independent variables that each afford more tax advantage.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: