Saturday, April 13, 2024

We Pause This Blog For

 Tax Time!  (Oh joy)

One last photo from the first playtest. Lessons have been learned and progress made. Now it's time to figure out what we owe Caesar before we return to more important matters.


To be continued.....

11 comments:

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    1. I say, drop all the deductions (esp for the richest) and lower the tax rate.No fuss!

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  2. The one advantage of living in the UK - no sorting taxes out .

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  3. Hope it is not too taxing for you.
    Alan Tradgardland

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  4. In the UK, the self-employed still have to do their taxes, alas. Our tax year must be structured differently, though, as our tax deadline is 31st January.

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    Replies
    1. Ours is based on the calendar but they give us a couple of months to do the paper work,

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  5. The UK tax year runs from 6th April to 5th April the following year and the return has to be in my 31/1 the next year (10 months later). Why this strange UK year? Historically the year ran from April to March, which makes sense as the crops were harvested and the year was settled. The 5th April is because of the change from the Julian to Gregorian Calendar.

    The UK system is highly automated so only about 20% of people have to make a return. The US system is very bureaucratic, inflexible and expensive for the individual to use. The US system taxes US citizens and non-citizens with the right to be residents wherever they live even if this is outside the US and has been for decades. There are people called “accidental Americans” who were born in the US, left as children and have had no benefit from living in the US but still have to pay tax. A recent British Prime Minister was caught by this when he sold his house and was pursued by the IRS for capital gains. The US introduced this system on the 1860s as too many people fled to Canada to avoid paying for the Civil War.

    This is probably more than you want to know!

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    Replies
    1. That's OK, its interesting but I'll forget it by the time I finish typing this!

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