thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,413
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$25,104
Apr 18, 2011 10:37:07 GMT -5
Post by thyme4change on Apr 18, 2011 10:37:07 GMT -5
What was yours today?
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chiver78
Administrator
Current Events Admin
Joined: Dec 20, 2010 13:04:45 GMT -5
Posts: 38,574
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$25,104
Apr 18, 2011 10:40:14 GMT -5
Post by chiver78 on Apr 18, 2011 10:40:14 GMT -5
what was my what?
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thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,413
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$25,104
Apr 18, 2011 10:45:00 GMT -5
Post by thyme4change on Apr 18, 2011 10:45:00 GMT -5
Well - let's see...what is today? What did everyone in America need to do today?
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$25,104
Apr 18, 2011 10:47:01 GMT -5
Post by illinicheme on Apr 18, 2011 10:47:01 GMT -5
I got lazy and filed an extension because I'm still sorting out some nonsense with 8606 forms for non-deductible IRA contributions. I'll let you know in a week or two what the final number is. (It'll be north of $20k.)
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Wisconsin Beth
Distinguished Associate
No, we don't walk away. But when we're holding on to something precious, we run.
Joined: Dec 20, 2010 11:59:36 GMT -5
Posts: 30,626
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$25,104
Apr 18, 2011 10:48:09 GMT -5
Post by Wisconsin Beth on Apr 18, 2011 10:48:09 GMT -5
was the amount you paid for your new car? lol.
I'm guessing this is really about taxes in some shape or form though.
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thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,413
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$25,104
Apr 18, 2011 10:50:29 GMT -5
Post by thyme4change on Apr 18, 2011 10:50:29 GMT -5
LOL - I wish! I was hoping to pull together all my research and buy it on Friday. The irony of buying a gas guzzler on Earth Day just tickles me!
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wodehouse
Familiar Member
Joined: Jan 10, 2011 16:35:08 GMT -5
Posts: 786
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$25,104
Apr 18, 2011 10:52:04 GMT -5
Post by wodehouse on Apr 18, 2011 10:52:04 GMT -5
$33,284
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chiver78
Administrator
Current Events Admin
Joined: Dec 20, 2010 13:04:45 GMT -5
Posts: 38,574
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$25,104
Apr 18, 2011 11:14:14 GMT -5
Post by chiver78 on Apr 18, 2011 11:14:14 GMT -5
Well - let's see...what is today? What did everyone in America need to do today? today is Marathon Monday here in Boston. thanks for being so snarky. should I ask you what your time was?
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Deleted
Joined: May 5, 2024 23:52:18 GMT -5
Posts: 0
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$25,104
Apr 18, 2011 11:41:00 GMT -5
Post by Deleted on Apr 18, 2011 11:41:00 GMT -5
$49,520 Feds $ 6,329 AZ ? Germany. Can't wait!
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thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,413
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$25,104
Apr 18, 2011 11:58:05 GMT -5
Post by thyme4change on Apr 18, 2011 11:58:05 GMT -5
Between the 3 of us - I think we employed one federal employee!
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alabamagal
Junior Associate
Joined: Dec 23, 2010 11:30:29 GMT -5
Posts: 8,118
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$25,104
Apr 18, 2011 12:12:04 GMT -5
Post by alabamagal on Apr 18, 2011 12:12:04 GMT -5
Just under $4k to the Feds!!!! Total tax is ~4% of our earnings. Thanks to my Obama/making work pay credit and my Bush/Child tax credit and my Obama?/American Opportunity Credit (2 college kids), plus showing a loss for our business (I think our previous accountant really messed up on prior years), we got down pretty low.
I guess we are one of those people that you hear about on the news that are able to pay very little taxes. This year things just worked out for us.
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Angel!
Senior Associate
Politics Admin
Joined: Dec 20, 2010 11:44:08 GMT -5
Posts: 10,722
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$25,104
Apr 18, 2011 12:18:32 GMT -5
Post by Angel! on Apr 18, 2011 12:18:32 GMT -5
-$530 Fed $950 State
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bookcrazychick
Initiate Member
Joined: Jan 7, 2011 22:48:42 GMT -5
Posts: 77
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$25,104
Apr 18, 2011 12:18:50 GMT -5
Post by bookcrazychick on Apr 18, 2011 12:18:50 GMT -5
5,084 Fed 2,173 State
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runewell
Established Member
Joined: Jan 3, 2011 15:37:33 GMT -5
Posts: 395
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$25,104
Apr 18, 2011 12:24:44 GMT -5
Post by runewell on Apr 18, 2011 12:24:44 GMT -5
Mine wasn't today, it was a couple months ago.
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thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,413
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$25,104
Apr 18, 2011 12:34:20 GMT -5
Post by thyme4change on Apr 18, 2011 12:34:20 GMT -5
Was that your total liability?
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Angel!
Senior Associate
Politics Admin
Joined: Dec 20, 2010 11:44:08 GMT -5
Posts: 10,722
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$25,104
Apr 18, 2011 12:39:16 GMT -5
Post by Angel! on Apr 18, 2011 12:39:16 GMT -5
Was that your total liability? That was my liability. I had $3190 withheld & recieved a refund of $3720.
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Sum Dum Gai
Senior Associate
Joined: Aug 15, 2011 15:39:24 GMT -5
Posts: 19,892
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$25,104
Apr 18, 2011 13:00:09 GMT -5
Post by Sum Dum Gai on Apr 18, 2011 13:00:09 GMT -5
You really expect me to remember? We filed months ago.
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thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,413
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$25,104
Apr 18, 2011 13:01:49 GMT -5
Post by thyme4change on Apr 18, 2011 13:01:49 GMT -5
That's because you got a refund. We had to pay, so we filed this morning.
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Sum Dum Gai
Senior Associate
Joined: Aug 15, 2011 15:39:24 GMT -5
Posts: 19,892
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$25,104
Apr 18, 2011 13:24:10 GMT -5
Post by Sum Dum Gai on Apr 18, 2011 13:24:10 GMT -5
In all honesty, I still haven't seen the folder we usually get from our CPA so I have no idea what our taxes looked like last year. I know we got a refund, and I know roughly how much it was, but I have no idea how much was deducted from my paychecks. I don't get a paper pay stub anymore, it's all electronic, and I don't log in to look at them. I'm not even totally sure I know what my base salary is right now. I've been super lax on keeping up with that stuff.
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Deleted
Joined: May 5, 2024 23:52:18 GMT -5
Posts: 0
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$25,104
Apr 18, 2011 13:27:29 GMT -5
Post by Deleted on Apr 18, 2011 13:27:29 GMT -5
Federal 0
State, can't remember. We got a refund, but I don't think it exceeded our witholdings.
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thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,413
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$25,104
Apr 18, 2011 13:35:59 GMT -5
Post by thyme4change on Apr 18, 2011 13:35:59 GMT -5
I see we have some of the famous "50%" here! So, do you guys think that the rich don't pay enough?
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Deleted
Joined: May 5, 2024 23:52:18 GMT -5
Posts: 0
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$25,104
Apr 18, 2011 13:39:25 GMT -5
Post by Deleted on Apr 18, 2011 13:39:25 GMT -5
$11,414 Fed
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Angel!
Senior Associate
Politics Admin
Joined: Dec 20, 2010 11:44:08 GMT -5
Posts: 10,722
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$25,104
Apr 18, 2011 14:35:01 GMT -5
Post by Angel! on Apr 18, 2011 14:35:01 GMT -5
I see we have some of the famous "50%" here! So, do you guys think that the rich don't pay enough? I think a lot of people don't pay enough - rich, middle, & lower-middle classes. I think it is ridiculous that I had a negative tax liability on an almost 60K salary. What is worse, is that I wasn't even able to claim the childcare credit because of my situation this past year. Had things been a little differnt, I would have had closer to -$1700. That is with a income too high to even qualifying for EITC.
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souldoubt
Senior Member
Joined: Jan 4, 2011 11:57:14 GMT -5
Posts: 2,745
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$25,104
Apr 18, 2011 14:36:21 GMT -5
Post by souldoubt on Apr 18, 2011 14:36:21 GMT -5
Federal - 14.5-15K can't remember the exact number State - ~5K
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stats45
Established Member
Joined: Dec 27, 2010 16:52:12 GMT -5
Posts: 415
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$25,104
Apr 18, 2011 14:47:10 GMT -5
Post by stats45 on Apr 18, 2011 14:47:10 GMT -5
I still had a refund. I've had income from a couple sources for the last few years, and it is has been hard to figure out exactly how to do it right.
I think I have everything right so that I'm not giving the government an interest free loan. Thanks to all the YMers for the insight!!
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Deleted
Joined: May 5, 2024 23:52:18 GMT -5
Posts: 0
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$25,104
Apr 18, 2011 15:01:25 GMT -5
Post by Deleted on Apr 18, 2011 15:01:25 GMT -5
The only thing that stuck in my head is the 58k of losses/whatever that we are carrying forward on our personal tax return.
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Deleted
Joined: May 5, 2024 23:52:18 GMT -5
Posts: 0
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$25,104
Apr 18, 2011 15:14:37 GMT -5
Post by Deleted on Apr 18, 2011 15:14:37 GMT -5
I see we have some of the famous "50%" here! So, do you guys think that the rich don't pay enough? I think the current income tax system is a screwed up mess that is full of loopholes and we should go to a straight national sales tax instead. I'm not much of a consumer though, so I'd probably still be doing ok.
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Mardi Gras Audrey
Senior Member
So well rounded, I'm pointless...
Joined: Dec 25, 2010 18:49:31 GMT -5
Posts: 2,082
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$25,104
Apr 18, 2011 15:29:40 GMT -5
Post by Mardi Gras Audrey on Apr 18, 2011 15:29:40 GMT -5
~$5k to Feds, $600 to state (This was after being employed in a state with income tax for only 3 months... the other 6 months was spent in a state w/o income tax).... this was after only being employed for 75% of the year and maxing out a 401k... I would hate to see what it would have looked like if I had worked the full year. Did I pay my share? On the fed level, I think I did (I am single and don't use many services... did use the natl parks this year, though . On the state level, I don't think I paid my share... I am at a state university for grad school so I think I got more than the $600 of value out of the state last year. My contribution will probably be even less this year, as I am unemployed and will probably only be working during the summer..
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Nazgul Girl
Junior Associate
Babysitting our new grandbaby 3 days a week !
Joined: Dec 25, 2010 23:25:02 GMT -5
Posts: 5,913
Today's Mood: excellent
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$25,104
Apr 19, 2011 8:29:36 GMT -5
Post by Nazgul Girl on Apr 19, 2011 8:29:36 GMT -5
$4700 refund from feds, $900 from state. Loss from remodel of foreclosed office vs. selling price, plus many legal fees connected to the foreclosure due to dealing with the nutbag over and over in court.
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fairlycrazy23
Senior Member
Joined: Dec 27, 2010 23:55:19 GMT -5
Posts: 3,306
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$25,104
Apr 19, 2011 8:41:52 GMT -5
Post by fairlycrazy23 on Apr 19, 2011 8:41:52 GMT -5
I see we have some of the famous "50%" here! So, do you guys think that the rich don't pay enough? I think the current income tax system is a screwed up mess that is full of loopholes and we should go to a straight national sales tax instead. I'm not much of a consumer though, so I'd probably still be doing ok. I think you are right, a national sales tax like the Fairtax would be far better than the monstrous tax code we have now. And if you are frugal you pay little or no federal taxes.
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