Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Friday, April 17, 2009

Taxes!


There was a time when I used to prepare and file my own taxes. I had a standard job and owned a house. My only deduction at that time was the interest on the house. Simple.

Well, till North Carolina. That was the year my company moved me three times and so in addition to federal there were the three states. Missouri was easy because it was a flat percentage of my federal tax paid.

Colorado I had done for enough years I knew the ins and outs. But North Carolina! I even looked up the literacy rates in that state to make sure they were able to read the form. Not! The first time I did it I owed them more money than I had made in that state. So I asked a friend of mine at work to look it over. He came up with a return figure greater than I had paid in. (Note we both worked in the cost engineering office of a major construction firm in control of a $2.1 billion project.)

I gathered it all up and ran to H & R Block. (It should be noted that year my federal form was the short one because I did not even own a house and I had already prepared Missouri and Colorado forms.) That little adventure cost me the better part of $100 but I did not owe anything to North Carolina. I have never done my own taxes since.

But every year when I write the check to my tax preparer I realize the tax code really has to be easier. Surely the time to receive and review and cost of forms creates a diminishing return for the IRS. I make a paltry amount of money and I had to file some ten pages between state and federal because I have a small home based business which no way puts me over supplemental earnings allowed for people on Social Security Disability.

It would be a perfect world it I could go to an Internet site and enter a couple figures and push a "Post" button and have taxes done for the year. Course that would probably put a lot of CPA's out of work.

Monday, February 25, 2008

There has to be a better system

The weather has won and I have given up on the thought of getting over the mountain to get paint to work on the studio. My alternative is taxes. My CPA wants my records by March 1.

Artists in my experience are seldom organized but I because of my head injury may be worse. And this year with the building of the studio is horrendous. I know because it took me all morning to just assemble all the receipts and files and past records on the folding desk in the studio.

I am probably my CPA's worst nightmare this year. I am on Social Security Disability, I have income from a rental unit which this year I did a major redo on, the art business with mega loses this year, and the studio built in part from withdrawing retirement funds. It is all way beyond me doing my own taxes even with all the new computer programs out there. So I pay someone to do it for me even though my net income this year is probably well below $25,000. So why do taxes have to be this difficult?

And why are none of the current candidates talking of an easier and simpler way? Except Ron Paul if he is still even running. Ralph Nader announced he was yet again running (is he being paid by the Republicans to pull votes away from the Democrats) because there are not issues being addressed. YES. Everyone seems to be addressing character assassination and not what the electorate really wants addressed.

There is the Tax Code and the unfair taxes on the middle class. And not a single candidate since Bill Richardson bowed out has addressed the abuse of the west with taking our water and energy and using us as a dumping ground for spent nuclear fuel. He was also the last person to mention ending no child left behind which has resulted in a 40% drop out rate in our state.

And have you noticed they are for comprehensive immigration reform and no border security when in a state with a heavy Hispanic vote but for enforcing our laws when addressing those that want us to be a nation of laws for all applied equally?

How about equal taxation? Fair taxes. Easy taxes. Wasn't this what started the Revolutionary War? Maybe it is time for another.

Monday, January 21, 2008

A Modest Economic Proposal


The subject in United States politics has changed from the War in Iraq to the economy. This is a subject which never fails to amuse me when politicians expound upon it because they mostly come from privileges background where they have not even had to balance their check books. Just a clue that they have no idea what it is like to be among the working class poor: They believe this group of people can save $15,000 to cover medical expenses.

The big wigs in Washington also think free trade helps us. And maybe it would if trade on all levels was in fact free. But it is not. China is allowed to ship us poisoned wheat glutton and defective tires freely but there are still tariffs and duties and taxes on goods going from the United States to foreign countries. Most notably from my stand point: Duties and taxes on art. Some so high that they exceed the cost of the art itself.

The Internet has made it possible for me with my small art business to reach clients all over the world through the Internet and websites. And yet it is extremely costly and difficult for me to sell that art to anyone outside the borders of the United States.

Last year the gallery that represents my work here in New Mexico wanted to establish an art exchange with a gallery in Mexico. Hands across the border. This is the country mind you that we are allowing to export millions of illegal aliens to our country and which there is a virtual free trade of guns and drugs. But to allow an artist from the United States to take works to Mexico to sell in a gallery there, and an artist from Mexico to come here with their works turned out to be virtually impossible even for a short month. Economically it became so extraordinary because of taxes and duties the two gallery owners gave up.

And recently an Internet friend from Australia wanted to buy one of my paintings. The shipping fees, taxes, and duties amounted to more than the cost of the painting. If we allow any product produced by our country to cross our borders freely and without price supports or penalties it should be the arts and crafts produced my one of the largest group of small businessmen and women in our country: Our artists and artisans.

We are probably the first people hurt by an economic slowdown. Art is not necessary for survival. But it is necessary for enrichment of the soul. And when artists and artisans do well they are one of the first groups of people to "give back" to their communities in the form of donated works of art for auctions to support charities, time given to schools to make up for the lack of art education in the schedules, loaned works of art to beautiful public buildings, etc.

Give us an economic boost by allowing us to sell freely around the world.