Adjusted Gross Income, Explained in Four Minutes | WSJ

How do you find your adjusted gross income? And how does it impact the rest of your tax return? For starters, financial stress is the highest it’s been since 2015 and tax lingo isn’t always intuitive.

To help explain your tax return, WSJ breaks down some key terminology – from gross income to above the line deductions – and explains how each connects to one important number: your adjusted gross income.

0:00 What is adjusted gross income?
0:45 How to calculate your AGI
2:43 How to save money using your AGI

WSJ Glossary
Markets and economics are complex. It's easy to be overwhelmed by a sea of wonky indicators and lose track of why they matter. This series breaks down the basic terms and ideas that move the markets.

#Taxes #AGI #WSJ

[TWENTYENTERPRISE]

Please do a 10, 000 hour long video on how to fill out the U.S Tax forms.

Make it into 1 hour long videos and break it down into episodes and seasons. Introduce new characters with different life issues so we can see how it's filled out differently.

Many Americans will thank you.

[uvscja]

I still don’t understand why it isn’t automatically done for you like in loads of other developed countries. In the UK it’s taken out your pay before you see it.

[mickbadgero]

This is silly. If taxes were easy, everyone could do them. That's not the goal of taxes. The goal is to make them too complicated for anyone to do correctly.

[Qwsgwx]

I haven’t paid my taxes since 2003! The irs can *SMD*

[mlim]

I don't understand why many of us have to hire someone to see how much they owe the govt.

[Squddle]

Is the postage that online merchants collect included in the adjusted gross income, since there is no benefit gained?
If I sell items online throughout the year and collect postage from every customer, but then use that money to pay for the postage, is it still included in the adjusted gross income, or can it be deducted from the adjusted gross income total?

[MarkDanielLouwe]

my agi in ragnarok online, wizard class is 70

[yonayehezkel]

How Human Nature Works

Human nature is the desire to receive, also called “desire to enjoy, ” and it functions by receiving what is beneficial to itself and rejecting what is harmful. Everything in our lives is built upon this calculation where we first try to distance ourselves from harm, and then seek how to draw ourselves closer to what is beneficial.

Human nature also includes a multilayering of systems that work simultaneously on still, vegetative, animate and human levels. One of those systems is our bodily one, which operates involuntarily. If our bodies are healthy, then they know what is good for them and draw that goodness to themselves. After the bodily system, there is the emotional system, which also functions relatively according to instinct. From the emotional system, we move to the mind, and from the mind to the intellect, and so on. That is, we have systems over systems that concurrently work on receiving what is beneficial and rejecting what is harmful.

Such is human nature and the essence of our lives. Our every desire, thought and action operates according to the calculation, “How can we receive what is most beneficial to us and reject what is harmful?”

[WtFGankalot]

So why is my taxable gross significantly higher than my gross income?

[ThePeterDislikeShow]

I wish we'd all revolt and pay a flat tax equal to what would raise the same revenue, and refuse to play their game.

[Brightly]

Our tax burden is atrocious. I'm a low middle income person paid more taxes than Amazon per capita. So unfair for citizens like myself to finance our government while Apple and Amazon amass fortunes and pay zero taxes.

[koktqso]

Congress wrote the tax code so the little guys like us have to pay more taxes to make up for the taxes rich people don't pay.

[hobo]

Clickbaity? Thought the video was about Artificial General Intelligence (AGI)

[wotube]

Clickbaity? Thought the video was about Artificial General Intelligence (AGI)