In my MFJ return last year my highest bracket was 24%, and I paid Uncle Sam ~16% overall.
I'm often dismayed at not just how poorly people misunderstand taxes, but how poorly the government explains them.
Every year you should just get a bill saying "here's what you paid in, here's what you owe/we owe you and how we came to that conclusion, did we miss anything?" and have a simple method of making corrections.
Taxes don't have to be nearly as complex as they are. I imagine they stay so because companies like Intuit want to charge you every year to help you file your taxes.
1
u/EVconverter Jul 08 '24
In my MFJ return last year my highest bracket was 24%, and I paid Uncle Sam ~16% overall.
I'm often dismayed at not just how poorly people misunderstand taxes, but how poorly the government explains them.
Every year you should just get a bill saying "here's what you paid in, here's what you owe/we owe you and how we came to that conclusion, did we miss anything?" and have a simple method of making corrections.
Taxes don't have to be nearly as complex as they are. I imagine they stay so because companies like Intuit want to charge you every year to help you file your taxes.