Filing taxes is the most American pastime, even above the so lauded baseball. Even with the ubiquity of taxes many people do not know when to file taxes, or how to file to get the most of their return. In part this is due to the federal tax code being almost deliberately incomprehensible document with extremely formal and abstruse language. Even if an individual had the background and patience to get through the tax code the sheer length, 4,037 pages in total, will make even the most determined of neophyte balk. In a code of this length, there are obviously loopholes, for both the wealthy and the working class alike. (http://uscode.house.gov/)
First things first, if you make below $5,000 a year you do not have to file taxes, and in fact you should try to avoid filing taxes if you know you do not have to, as it just causes more work on both your and the IRS’s end. However, if you have federal and state taxes pulled out of your check and you make below federal filing limits then you do want to file taxes to attempt to have a return of that money. ( https://www.irs.gov/uac/do-i-need-to-file-a-tax-return)
When you are at the point of filing taxes there are some incentives for lower paid workers in the form of Saver’s Tax Credit and Earned Income Tax Credit. (https://smartasset.com/taxes/tax-loopholes) Roughly the Saver’s Tax allows workers to save money by deducing the amount of money put away in savings by up to 50%, however this does not allow for a refund. The Earned Income Tax Credit is meant to give refund to low income workers. (https://smartasset.com/taxes/understanding-savers-tax-credit)
To quote Benjamin Franklin “[I]n this world nothing can be said to be certain, except death and taxes”, so therefore as citizens we must do our best to not only obey by giving our taxes but also to make sure we give the correct amount.

CC BY-SA 4.0 Tax by Katelyn is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

4 Comments
  1. Tom 11 months ago

    Your writing is very interesting and expands in many areas of this idea. In my opinion everyone should file some taxes, even though it is a difficult decision and time when incomes are low. You had a good topic and a good post.

  2. Will 11 months ago

    Interesting! Your writing is very eloquent, and I like the quote at the end of the end. I think everyone should have to file some form of taxes, but it becomes a difficult decision when incomes are low. Good post.

  3. Tommy 11 months ago

    Dear Katelyn,

    I agree with you on most of it. However, on the part of filing taxes, I think we should increase the threshold for not filing taxes. I think we should increase the threshold to $300,000, because if you make that much, its too much work for the IRS.

  4. Lula 11 months ago

    Katelyn, I agree with you! I believe that our Fedral TaX Codes are incomprehensible to the common citizens. The government should announce when people should file taxes, and they should provide free aid for all people filing taxes. In America, the affect of taxes on different social classes is very significant. Although some rich people say that their taxes are too high , it doesn’t affect as much as taxes affect the poor. Here is an article that talks about this
    http://www.taxpolicycenter.org/briefing-book/how-does-federal-tax-system-affect-low-income-households

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