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Boris Galerkin posted:Can I just choose to not do my taxes every year and just get audited? There is a rather sizable failure to file penalty, in addition to the failure to pay penalty. Plus interest. It is almost certainly cheaper to pay someone to do your taxes than to take the terrible strategy of just ignoring them until some g. men show up a few years later
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Apr 15, 2024 23:59
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Boris Galerkin posted:L Shitloads of fines which themselves also have interest applied.
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Apr 16, 2024 00:07
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Boris Galerkin posted:Can I just choose to not do my taxes every year and just get audited? In addition to the above, if the IRS has to do your taxes for you they'll just assume the most expensive possible answer to any question involved.
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Apr 16, 2024 00:19
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Boris Galerkin posted:Can I just choose to not do my taxes every year and just get audited? https://slate.com/human-interest/2024/04/taxes-file-pay-2024-stop-paying-irs.html posted:I haven’t filed my taxes for a decade... This n=1 sample indicates hell be fine!
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Apr 16, 2024 00:36
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On one hand, if your taxes are super simple and strictly W2s where everything is withheld, the IRS will probably never notice if you never bother filing. On the other hand, if that's the case it takes like 15 minutes to file your taxes, and if you don't you'll get no refund of the almost-certain overwithholding and you still get gargantuan, undischargeable fines if/when they ever do notice. Way to play, champ.
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Apr 16, 2024 00:44
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Ralith posted:In addition to the above, if the IRS has to do your taxes for you they'll just assume the most expensive possible answer to any question involved. I do not believe this is the case.
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Apr 16, 2024 01:17
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Ralith posted:In addition to the above, if the IRS has to do your taxes for you they'll just assume the most expensive possible answer to any question involved. I have filed my taxes and had the IRS correct them in order to give me a larger refund.
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Apr 16, 2024 01:26
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The IRS gave me one (1) dollar less than I put on my return this year 
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Apr 16, 2024 01:38
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Boris Galerkin posted:I listened to this today, thanks. The podcast seems interesting too in general. the subject matter can be dry, especially when they get more into the weeds of portfolio theory, but i admire their more rigorous approach to it. some of the better long form interviews i've seen, a great mix between asking probing questions, but allowing the interviewee room to respond quote:To your comment, the professor rationalized it as basically "I don't care if you're in debt I care if I'm in debt." when they get into behavioral finance and economics, one thread that seems to come through a lot is that people are talked about as "rational" or "irrational", but how much of that is just the failure for researchers to fully understand potential motivations and incentives and set a "rational" optimum that's actually quite subjective
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Apr 16, 2024 01:52
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I did my tax return the night before last. It took five minutes. I signed into the IRD website, clicked "file return", clicked through the wizard and confirmed all the details that had been auto populated based on banks and employers reporting stuff to IRD, hit "I confirm this information is complete and accurate", then hit Submit. It said I owed a further $23, so I signed into the internet banking app on my phone and used the handy "pay tax to IRD" transfer option it has to do that. The rest of the five minutes was spent typing a mock rant to my family on the travesty of making me pay 23 more dollars.
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Apr 16, 2024 01:54
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Weatherman posted:I did my tax return the night before last. It took five minutes. I signed into the IRD website, clicked "file return", clicked through the wizard and confirmed all the details that had been auto populated based on banks and employers reporting stuff to IRD, hit "I confirm this information is complete and accurate", then hit Submit. It said I owed a further $23, so I signed into the internet banking app on my phone and used the handy "pay tax to IRD" transfer option it has to do that. The rest of the five minutes was spent typing a mock rant to my family on the travesty of making me pay 23 more dollars. That is because your government has not been spending decades to make dealing with taxes as arcane and frustrating as possible, on purpose.
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Apr 16, 2024 02:01
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Volmarias posted:That is because your government has not been spending decades to make dealing with taxes as arcane and frustrating as possible, on purpose.
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Apr 16, 2024 02:14
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SpelledBackwards posted:I own 2 cowboy hats and the second one was kind of a dumb purchase (maybe not so dumb if it fit a little better). But dozens? Do you think he would different ones just so people would notice? Gotta cycle the hat at Sunday church services? Struggling to comprehend that part. Ya that’s too many. I own two - one for weather above 55 degrees (straw) and one for weather below 55 degrees (fur). Maybe I’d get a third if I wanted a different cold weather color? It’s like people with 17 pairs of boots. That’s too many.
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Apr 16, 2024 02:33
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rufius posted:Ya that’s too many. I own two - one for weather above 55 degrees (straw) and one for weather below 55 degrees (fur). You need one for when it is exactly 55 degrees out.
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Apr 16, 2024 02:37
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Desert Bus posted:You need one for when it is exactly 55 degrees out. I just wear both.
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Apr 16, 2024 02:39
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I swear there has to be a goon behind this ad, look at that smirk. "gem mint 10" ahh it's just a smaller version of the franklin mint I suppose. They have a hillary coin too.  Baddog fucked around with this message at 05:45 on Apr 16, 2024 |
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Apr 16, 2024 05:34
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Baddog posted:I swear there has to be a goon behind this ad, look at that smirk. "gem mint 10" lol, this one is just as bad:  
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Apr 16, 2024 06:15
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Lol a sharpie nussy
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Apr 16, 2024 11:57
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drk posted:lol, this one is just as bad: Bobby Hill-rear end looking president
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Apr 16, 2024 12:23
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GhostofJohnMuir posted:when they get into behavioral finance and economics, one thread that seems to come through a lot is that people are talked about as "rational" or "irrational", but how much of that is just the failure for researchers to fully understand potential motivations and incentives and set a "rational" optimum that's actually quite subjective In general it's understood that people attempt to be rational but we have limited cognitive capabilities and that affects how well we can optimize for our goals. Sometimes researchers believe a little too strongly in a particular model and that's when they start talking about irrationality but they really do know better.
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Apr 16, 2024 17:16
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Eating that tasty looking donut even though you're on a diet and know you rationally ought not to for your longterm health, procrastinating on some chore even though you know you'll have to finish it eventually and it'll only get worse, avoiding bringing a sexual health issue that's been worrying you lately up to your doctor because the topic is embarassing... humans make all sorts of decisions based on things other than "rationality". It's not that we're simply not smart enough to think all the way though and make the truly rational choice (although there are plenty of examples of that too here in the BWM thread), it's that we have totally separate motivational forces that affect our decisions beyond just logic and utility functions.
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Apr 16, 2024 17:35
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Boris Galerkin posted:Can I just choose to not do my taxes every year and just get audited? Back in ~2009 I spent a few months working with my law school's tax clinic. This clinic was designed to assist low income individuals deal with federal tax debt. Typically this debt was amassed from many years of non-filed and unpaid taxes. Most of our clients were directed towards the bankruptcy process, though some of our clients were able to handle a payment plan. Both of these options required the client to first overcome a huge obstacle: they had to file taxes for any years that they had missed. This required our clients to find old tax paperwork (e.g. W-2s, mortgage interest records, etc). Often this required clients to contact former employers and mortgage services and all sorts of other parties they haven't talked to in years. This process would be arduous enough even for proactive clients who take pride in staying on top of things in their lives. But that's not the kind of client we're talking about here. A client who failed to file their taxes for 5+ years in a row is usually a client who prefers avoidant approaches to conflict resolution. When you tell that client that they need to jump through a bunch of painful hoops before they can deal with their tax debt, they usually respond by simply not doing any of it. That's on the rare occasion that we could even reach our clients. Most of them never picked up the phone when we called, since they preferred to continue avoiding the conflict. There were many instances where I'd familiarize myself with a case file and spend weeks trying to call a client, only to never actually succeed at talking to them. If the client did pick up their phone then the ensuring conversation would be like pulling teeth. Honestly, working for this clinic was the most unpleasant and least fulfilling work I've ever done. These clients desperately needed our assistance, but it was nearly impossible to actually move the needle for any of them. I don't think I accomplished a single meaningful thing during my time there.
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Apr 16, 2024 19:30
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Wrong thread 
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Apr 16, 2024 21:11
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RPATDO_LAMD posted:Eating that tasty looking donut even though you're on a diet and know you rationally ought not to for your longterm health, procrastinating on some chore even though you know you'll have to finish it eventually and it'll only get worse, avoiding bringing a sexual health issue that's been worrying you lately up to your doctor because the topic is embarassing... humans make all sorts of decisions based on things other than "rationality". Rationality here has nothing to do with logic or reason. The rational choice is the one that maximizes your expected utility, whatever that is. You can write down utility functions that model preferences for short term pleasure over long term gain or for minimizing embarrassment, but you can also model altruism and purely logical behavior. It's not a perfect framework but it is very flexible. (Of course people don't really have utility functions, but they're generally a reasonable approximation of how we do behave.)
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Apr 16, 2024 21:23
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Behavioural economics has never come off as anything but a complete joke that's used to berate people for only being poor because they're stupid.
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Apr 17, 2024 06:07
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drk posted:lol, this one is just as bad:
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Apr 17, 2024 06:37
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ultrafilter posted:Rationality here has nothing to do with logic or reason. The rational choice is the one that maximizes your expected utility, whatever that is. You can write down utility functions that model preferences for short term pleasure over long term gain or for minimizing embarrassment, but you can also model altruism and purely logical behavior. It's not a perfect framework but it is very flexible. My whole point is that people do not behave in line with their "utility functions", they make plenty of knee-jerk or even subconscious decisions that they're not actually happy with the outcome of. The procrastinator is not increasing their lifetime utility by doing the dishes tomorrow instead of today. But in fact they probably didn't even consciously think about whether to do the dishes, they just defaulted to ignoring them. How can they have made the best, highest-utility choice when they haven't even evaluated the other options? e: actually wait, I can't even tell if I'm arguing with or agreeing with your first post at this point, I guess I interpreted it pretty uncharitably lol RPATDO_LAMD fucked around with this message at 07:08 on Apr 17, 2024 |
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Apr 17, 2024 07:00
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RPATDO_LAMD posted:My whole point is that people do not behave in line with their "utility functions", they make plenty of knee-jerk or even subconscious decisions that they're not actually happy with the outcome of. The procrastinator is not increasing their lifetime utility by doing the dishes tomorrow instead of today. But in fact they probably didn't even consciously think about whether to do the dishes, they just defaulted to ignoring them. How can they have made the best, highest-utility choice when they haven't even evaluated the other options? Doing the dishes sucks and tomorrow me can be the one to deal with that, not today me.
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Apr 17, 2024 08:19
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Ghost Leviathan posted:Behavioural economics has never come off as anything but a complete joke that's used to berate people for only being poor because they're stupid. Some of the biggest researchers were found to be complete frauds https://www.npr.org/2023/07/27/1190568472/dan-ariely-francesca-gino-harvard-dishonesty-fabricated-data
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Apr 17, 2024 11:44
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Dunno-Lars posted:Doing the dishes sucks and tomorrow me can be the one to deal with that, not today me. I genuinely go "this is for you, Wednesday goose" when I take the recycling down early
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Apr 17, 2024 11:45
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The best thing about being single and introverted is I only ever used one plate, one bowl, one fork, one spoon, one knife, etc. Doing the dishes meant just taking 1 minute to wash them in the sink whenever I used them.
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Apr 17, 2024 12:04
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Eric the Mauve posted:The best thing about being single and introverted is I only ever used one plate, one bowl, one fork, one spoon, one knife, etc. Doing the dishes meant just taking 1 minute to wash them in the sink whenever I used them. The vast majority of our dishes come from cooking, not eating.
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Apr 17, 2024 12:47
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Cyrano4747 posted:The vast majority of our dishes come from cooking, not eating. Just put it all in the microwave in the same plate
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Apr 17, 2024 12:50
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i blame dishwashing machines, because the ease you feel in doing a thing is directly connected to the latency in doing a thing. washing dishes by hand is like 15 sec latency, dishwashing machine is 90 minutes and getting longer you cannot interleave your cooking with dishwashing with a dishwashing machine
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Apr 17, 2024 13:05
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bob dobbs is dead posted:i blame dishwashing machines, because the ease you feel in doing a thing is directly connected to the latency in doing a thing. washing dishes by hand is like 15 sec latency, dishwashing machine is 90 minutes and getting longer Sure you can. You just put dishes in the machine as you use them in prep etc and get done with them. Then eat dinner, put those dishes in, and run it.
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Apr 17, 2024 13:11
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i often reuse dishes by handwashing them while stuff is cooking, can't do that with a dishwashing machine
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Apr 17, 2024 13:16
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I got a dishwasher last year after having to hand wash everything for 3 years and I am easily saving myself 40-60 minutes of labor every day. Dishwashers own.
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Apr 17, 2024 13:33
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bob dobbs is dead posted:i often reuse dishes by handwashing them while stuff is cooking, can't do that with a dishwashing machine just buy a second mixing bowl
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Apr 17, 2024 13:40
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Cyrano4747 posted:Sure you can. You just put dishes in the machine as you use them in prep etc and get done with them. Then eat dinner, put those dishes in, and run it.
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Apr 17, 2024 15:05
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Sirotan posted:I got a dishwasher last year after having to hand wash everything for 3 years and I am easily saving myself 40-60 minutes of labor every day. Dishwashers own. I've lived 2/3rds of my adult life with the slumlord grade, barely functional dishwasher and having now bought a nice Bosch it's a huge time savings. You can just throw em in there and they actually get clean, vs the cheap ones where you practically have to wash them entirely before putting them in
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Apr 17, 2024 15:32
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