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PaperclipPerfector  1yr ago (text post)   4498 thread views

Small-Scale Question Sunday for November 5, 2023

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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The normal US worker will do very little.

Their employer will give them a small half sheet of paper called a W2. If this is their only income, they can file a 1040EZ which takes 15 minutes or so. If they have investment income, they will typically use software like TurboTax to file a 1040. This might add a couple hours depending on the complexity of the return

In most states, they will also have to file with the state, so add 50% to the time.

If you own a business, it's a nightmare. This is no different in Europe I assume.

Again, as a sole proprietor, my taxes and general business bureaucracy are quite simple. I pay my accountant on average maybe 100 € / month, a trifle compared to other costs.

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