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TDW 1733 - The Tax Man Taketh Away

Date: March 30, 2017 Duration: 10m 25s
PATREON - http://www.patreon.com/adamthewoo SHIRTS - http://www.adamthewoo.spreadshirt.com Yesterday - https://youtu.be/UIbEGPdE27E Last Year - https://youtu.be/S-7y5Ot0o4U 2 Years Ago - https://youtu.be/5YjJOPrpk60 3 Years Ago - https://youtu.be/dN2iizP5raU 4 Years Ago -https://youtu.be/0a3IV447GQk
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Transcript

0:03 I learned my lesson a long time
0:03 ago one thing I would never do is
0:07 that that would end badly for me just
0:11 saying fueling up the rental car and
0:13 then I'm going to fuel myself up with
0:15 some caffeine welcome everyone Adam the
0:18 woo here today I am taking this packet
0:22 of paperwork right now actually over to
0:25 an accountant who will go through the
0:27 nooks the crannies of of the
0:30 1099s the credit card detailed
0:33 information and he will formulate
0:36 exactly how much I am going to have to
0:39 dish out of the old wallet to Uncle Sam
0:43 that's right today is
0:46 my text day get it done a little bit
0:50 early a couple weeks early it's my
0:51 second channel daily Vlog Channel
0:53 doesn't mean it's any less stressful
0:55 it's uh the daily
1:06 day there's not very much cream and
1:06 sugar in there it's a little
1:08 tart that very well may have been the
1:10 most boisterous and Loud intro in a long
1:14 time but I'm just trying to get hyped up
1:16 I'm trying to get psyched out I'm trying
1:17 to like take my mind off of the inep
1:20 whoa that bird man that bird just got
1:22 out of the way just in time for a good
1:24 portion of my adult life for over two
1:26 decades I worked retail and when you
1:28 punch a Time clock at the end of the
1:30 year you get a little bit of money back
1:32 and you get a W2 that you do your taxes
1:34 with when you're self-employed which is
1:36 technically what I am now it's a little
1:39 bit different you don't pay in
1:41 throughout the year and you get
1:42 10.99 it's a little bit confusing when
1:45 you're not used to it the last couple
1:47 years I have taken on the arduous task
1:49 of doing it all myself last year I owed
1:52 a little bit more than I felt I should
1:55 have owed so I've decided this year to
1:58 take it to a tax Prof professional and
2:01 see if they can see if they can find
2:03 something that I would possibly Miss if
2:06 I did it myself think of it like a big
2:08 puzzle like a Rubik's cube of sort you
2:10 twist it you turn it and when all one
2:12 color is facing that side that's when
2:15 the government holds its hand out and
2:16 says give me my portion I'm not sure if
2:20 that's the correct way that they
2:21 communicate and talk or that's the voice
2:23 that inflection they use but it's just a
2:25 it's my interpretation of it I make
2:27 money off of Google AdSense but also
2:28 spreadshirt you can also write off
2:31 flights gas hotels Museum admission
2:35 things of that sort so I'm hoping all
2:38 that works itself out I'm crossing my
2:41 cross your fingers with me
2:43 please breathe deep it's time
3:04 hear that bird making that noise that's
3:04 how I feel right now because my
3:07 taxes are done and what I have to mail
3:10 the government is in
3:12 this envelope it's unfortunate that
3:14 there's no swimming here cuz I feel like
3:17 just diving in and washing it all away
3:20 just wash it all away one thing is for
3:23 sure it is way less stressful and easier
3:26 on the heart and the soul and the mind
3:28 to have someone who knows what they're
3:30 doing tally everything up and find stuff
3:32 that you may have missed that was a
3:35 great experience
3:38 however I I owe a little money here in a
3:40 bit I'm going to head to the bank get a
3:42 cashier check drop it in the mail and
3:45 send Old uny
3:48 Samuel his Moola all I have to say is
3:51 thank goodness for ride offs because
3:54 without those it would make things way
3:57 more difficult all in all
4:00 they take about 25% of what your net
4:04 income is your gross income is
4:07 everything that you have made before the
4:09 writeoffs the net I think it's the net
4:12 right that is what you make after the
4:16 ride offs the government is going to
4:18 take about 25 give or take one quarter
4:23 of that amount of money so obviously the
4:26 less that whole total is the less you're
4:28 going to owe but you're still going to
4:29 have to take a quarter out of every
4:31 dollar and hand it over to someone else
4:34 that's disappointing someone has spray
4:36 painted The Old Sugar Mill I have
4:38 prepared myself for today though
4:41 everything I make I take about 20% of
4:43 that and I put it in a separate savings
4:45 account that way when this particular
4:48 moment comes every year I have like a
4:50 little nest egg and I'm not going super
4:53 far in debt to pay those bills so
4:56 whether you work a normal 9 to-5 job
4:58 punch a clock or whether you're
4:59 self-employed make your own schedule you
5:02 will end up having to pay taxes it is
5:06 inevitable what's the famous saying
5:08 there are only two things that are
5:09 definite in life death and taxes and
5:13 that's 100% true oh if only we could
5:15 live our life like the
5:17 groundhog there's no taxation
5:20 underground you know what I don't even
5:22 know that's it might not even be
5:23 groundhog tracks that might just be dirt
5:25 piled up there for no reason freedom
5:33 I feel like a mix between Braveheart and
5:33 Andy defrain from Sha Shank Redemption
5:35 right now I've come out clean on the
5:38 other side the taxed man
5:41 comeing sometimes he gives but most of
5:44 the time he taketh away the reason I
5:48 stopped off here real quick is cuz that
5:49 Sugar Mill was a location of my very
5:52 first Adventure video basically the
5:54 beginnings of my YouTube career little
5:57 did I know back then that I would be t
5:59 tax at on such
6:02 Endeavors life's funny that's right
6:04 fowl the
6:07 taxman the T I don't sound anything like
6:09 George Harrison you know what the great
6:10 thing is I'm in this vehicle and you
6:14 can't harm
6:15 me you can't harm me cuz I'm in the car
6:19 and you can't get in here manella
6:21 envelope on the left wait is it manella
6:23 or vanilla either way the one on the
6:25 left is my paperwork the one on the
6:27 right the orangish one is the
6:29 accountants paperwork and I'm gonna go
6:31 ahead and knock this out now go to the
6:33 Post Office go to the bank first then go
6:36 to the Post Office send some certified
6:38 mail get this thing over and done with
6:41 and it will be completed Mission will be
6:44 accomplished by the end of the day they
6:46 will have their cash and I will be my
6:49 mind will be set at ease ah Bank of
6:52 America we meet again which makes me
6:55 wonder are taxes worse in America than
6:58 they are in other countries I'm not
7:00 familiar with Taxation and other areas
7:03 of the world makes me
7:27 wonder oh my gosh that took so much
7:27 longer than I thought it would would
7:29 there was an issue with my signature so
7:31 I had to sit down at a desk and then
7:33 they end up trying to enroll me in some
7:36 new thing I've been with Bank of America
7:38 probably 15
7:40 years it's good bank I haven't had any
7:42 major issues but man I was in there I
7:44 was in there a long time I have not been
7:46 to this post office in years back in the
7:50 early 2000s I would sell on eBay I would
7:53 come up here almost every day to ship
7:55 things out then shortly after that I had
7:57 a po. box here it's probably been 2
8:00 years since I've been on this property I
8:02 don't know where I came up with that
8:03 time frame it's been longer than that
8:06 time flies pretty quickly oh my gosh I
8:09 don't even want to get out of this car
8:11 look at that guy get out of here get out
8:14 of here I don't want you around here
8:16 wasp goodness gracious look at that
8:19 where is he is he gone I think he's gone
8:22 my goodness
8:34 not you need any more than 50 I can now
8:34 say the checks in the mail and I shipped
8:37 it Priority with a tracking number just
8:40 to be on the safe side this morning I
8:41 started with zero and then one now I'm
8:43 up to three envelopes there is a random
8:45 boat dangling from the sky not sure what
8:50 the significance of that is I'm sure
8:52 there's a purpose my bank account is a
8:53 little bit less than it was you know
8:55 couple hours ago my savings has been
8:58 moderately depleted
9:00 however I am not in debt and that my
9:02 friends is a wonderful thing a little
9:04 pre-planning goes a heck of a long way
9:08 and really helps in the sanity
9:10 departments I feel pretty dang good
9:12 right now I feel a little bit better if
9:14 I was getting some money back or didn't
9:15 have to pay a dime that's not the case
9:17 however look top of the roof has been
9:21 sneezed on or someone has splashed
9:24 coffee SL soda it wasn't me don't blame
9:27 me this was like it when I got the
9:28 rental car
9:29 but it's pretty disgusting I don't know
9:32 why I didn't notice it when I picked it
9:33 up but I'm noticing it now actually I've
9:36 noticed it for a
9:38 while pretty nasty when I return this in
9:40 a couple weeks should I say something or
9:43 should I just let it slide maybe it'll
9:44 go unnoticed just like he went unnoticed
9:47 on the person who rented this car before
9:49 me cuz if I say something they might
9:51 think that I did it and I'm trying to
9:53 hide it but if I don't say something
9:56 then they might not even pay attention
9:57 to it at all
10:00 I don't know what to do what do I do
10:02 America stretch out your golden wings
10:06 flying high flying
10:10 high
10:13 flying
10:15 high feeling very patriotic
10:18 today very patriotic
10:21 indeed
10:23 Vlog over