Comments on: 10 Things I Hate About Taxes #1: Lost Productivity http://libertarianchristians.com/2009/04/04/lost-productivity/ The State is not the Kingdom of God. Fri, 12 Mar 2010 20:13:49 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: 10 Things I Hate About Taxes: The Full Series | LibertarianChristians.com http://libertarianchristians.com/2009/04/04/lost-productivity/comment-page-1/#comment-663 10 Things I Hate About Taxes: The Full Series | LibertarianChristians.com Thu, 16 Apr 2009 03:43:03 +0000 http://libertarianchristians.com/2009/04/04/10-things-i-hate-about-taxes-1-lost-productivity/#comment-663 [...] Lost Productivity [...] [...] Lost Productivity [...]

]]> By: 10 Things I Hate About Taxes #10: Lost Prosperity | LibertarianChristians.com http://libertarianchristians.com/2009/04/04/lost-productivity/comment-page-1/#comment-631 10 Things I Hate About Taxes #10: Lost Prosperity | LibertarianChristians.com Tue, 14 Apr 2009 17:44:46 +0000 http://libertarianchristians.com/2009/04/04/10-things-i-hate-about-taxes-1-lost-productivity/#comment-631 [...] the first installment of this series, I talked about how much effort is wasted just doing taxes. Compliance with the law [...] [...] the first installment of this series, I talked about how much effort is wasted just doing taxes. Compliance with the law [...]

]]> By: Libertea is Brewing « News for Freedom Daily http://libertarianchristians.com/2009/04/04/lost-productivity/comment-page-1/#comment-628 Libertea is Brewing « News for Freedom Daily Tue, 14 Apr 2009 05:05:50 +0000 http://libertarianchristians.com/2009/04/04/10-things-i-hate-about-taxes-1-lost-productivity/#comment-628 [...] is so bad about taxes, you ask? Read this series of [...] [...] is so bad about taxes, you ask? Read this series of [...]

]]> By: Tea Time « America First http://libertarianchristians.com/2009/04/04/lost-productivity/comment-page-1/#comment-626 Tea Time « America First Tue, 14 Apr 2009 00:58:09 +0000 http://libertarianchristians.com/2009/04/04/10-things-i-hate-about-taxes-1-lost-productivity/#comment-626 [...] you’re wondering what’s quite so bad about taxes, read this series of articles. Possibly related posts: (automatically generated)Wisconsin Tax Day Tea Party UpdateTea [...] [...] you’re wondering what’s quite so bad about taxes, read this series of articles. Possibly related posts: (automatically generated)Wisconsin Tax Day Tea Party UpdateTea [...]

]]> By: 10 Things I Hate About Taxes | Libertarian Longhorns http://libertarianchristians.com/2009/04/04/lost-productivity/comment-page-1/#comment-485 10 Things I Hate About Taxes | Libertarian Longhorns Mon, 06 Apr 2009 00:34:29 +0000 http://libertarianchristians.com/2009/04/04/10-things-i-hate-about-taxes-1-lost-productivity/#comment-485 [...] #1: Lost Productivity [...] [...] #1: Lost Productivity [...]

]]> By: 10 Things I Hate About Taxes #2: Newspeak | LibertarianChristians.com http://libertarianchristians.com/2009/04/04/lost-productivity/comment-page-1/#comment-482 10 Things I Hate About Taxes #2: Newspeak | LibertarianChristians.com Mon, 06 Apr 2009 00:19:22 +0000 http://libertarianchristians.com/2009/04/04/10-things-i-hate-about-taxes-1-lost-productivity/#comment-482 [...] 10 Things I Hate About Taxes #1: Lost Productivity [...] [...] 10 Things I Hate About Taxes #1: Lost Productivity [...]

]]> By: Jaired Hall http://libertarianchristians.com/2009/04/04/lost-productivity/comment-page-1/#comment-458 Jaired Hall Sun, 05 Apr 2009 03:56:03 +0000 http://libertarianchristians.com/2009/04/04/10-things-i-hate-about-taxes-1-lost-productivity/#comment-458 I second Rod, absolutely. While I'm pretty lucky and don't have do much of the tax stuff myself, I am in a small business with my dad (LLC), and he talks frequently about what a drain of time and effort it is. The funny thing, as Norm pointedout, is that all this time, effort, skill, and imagination is going towards minimizing how much the government gets the suck out of us. Good post, Norm. I second Rod, absolutely. While I’m pretty lucky and don’t have do much of the tax stuff myself, I am in a small business with my dad (LLC), and he talks frequently about what a drain of time and effort it is. The funny thing, as Norm pointedout, is that all this time, effort, skill, and imagination is going towards minimizing how much the government gets the suck out of us.

Good post, Norm.

]]> By: Rod Smith http://libertarianchristians.com/2009/04/04/lost-productivity/comment-page-1/#comment-446 Rod Smith Sat, 04 Apr 2009 18:20:28 +0000 http://libertarianchristians.com/2009/04/04/10-things-i-hate-about-taxes-1-lost-productivity/#comment-446 And things are relatively simple if you are a regular employee. They give you an employment record, you enter it in to a computer program, and it spits out your tax record. Once you are self employed, it gets far more time consuming. You have to account for every expense, every receipt, every invoice, every tax you charge and have been charged, for every day of business. When I became self employed, my time doing taxes quadrupled. Then, a few years back, I incorporated a company. Now I have to not only process my own taxes, but the company taxes, which takes even longer to do than my personal ones! I estimate I'll spend around 20 to 25 hours just on processing my taxes this year. And I don't even do my own taxes! I have an accountant to whom I submit all my information. At the end of it all, I'll get a $1500 accounting bill. And none of that includes the almost daily filing time it takes to organize receipts and invoices. Its really ridiculous. And things are relatively simple if you are a regular employee. They give you an employment record, you enter it in to a computer program, and it spits out your tax record.

Once you are self employed, it gets far more time consuming. You have to account for every expense, every receipt, every invoice, every tax you charge and have been charged, for every day of business. When I became self employed, my time doing taxes quadrupled.

Then, a few years back, I incorporated a company. Now I have to not only process my own taxes, but the company taxes, which takes even longer to do than my personal ones!

I estimate I’ll spend around 20 to 25 hours just on processing my taxes this year. And I don’t even do my own taxes! I have an accountant to whom I submit all my information. At the end of it all, I’ll get a $1500 accounting bill.

And none of that includes the almost daily filing time it takes to organize receipts and invoices. Its really ridiculous.

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