Personal Income Taxes - A Visual Explanation

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Uploaded by on Apr 8, 2009

A visual explanation of the words used in your personal income tax return.
To learn more about your taxes, go to: http://www.seeingfinance.com/category/tax/

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Uploader Comments (SeeingFinance)

  • wish that all those things were automatic (i.e., when you made a donation it gets automatically reported to the IRS and deducted and at the end of the year you receive a bill with everything already calculated)

  • @Unclesamslair With Intuit's acquisition of Mint, we might be getting closer to fully automated tax returns.

  • Very impressive. Kudos to a very simple demonstration for something so complex.

  • @TruthJusticeForAll Thanks!

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All Comments (17)

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  • i'm not sure why basic life finance isn't taught in k-12...my friends and i have degrees and we have no idea what the numbers mean. this has helped me get the jist of it so thanks :)

  • Alimony is NOT an exclusion. Other than that good presentation.

  • @KaptainKaka I agree with you, but I don't have an answer, because it seems that any power structure is eventually corrupted. There will always be imbalance, but I wish it were based on merit rather than political influence. Our social systems are too large, too abstract for individuals to see the true consequences... both the rich and the poor are deceived by their own status. So, promoting self-education is what I suggest at the moment.

  • @SeeingFinance even with socialism/communism and corporatism(socialist capitalism)The very few 20 or so elites at the top of the pyramid continue to fuck us in the ass. HOW do we destroy the elites running the entire show? I don't feel that people should be punished so to speak for becoming successful, but the elites who have had money by using force by the state to obtain it are the ones that need to be handled.

  • could be up to 15 years. I fear for my wife who will not survive prison.

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