I almost have to laugh when I read other blog posts about the minutae of doing taxes. For me, it's very simple since I don't have kids, a husband, property, retirement funds (yet
) or anything else that makes taxes complicated. It took me about a half hour this year to do my federal and state taxes sitting on my couch with my high school calculator... very basic by-the-book calculations. No itemizing, no providing paperwork, no frantic calls to my financial planner to double check facts and figures. No tearing apart the filing cabinet to find statements.
I think this is a very overlooked benefit of being asset-less. Why save and make investments when it means more headaches at tax time? Plus, I'm actually saving money because I can do my taxes myself, instead of hiring an accountant. So I'm really saving time, money and stress by staying broke. :)
Boy, do I wish I had some of those tax time headaches. This time next year I'll be all stocked up on Excederin and ready to go... I plan on having some assets.
Labels: broke, taxes