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General Discussion => Essentially Flyertalk => Topic started by: K-S-U-Wildcats! on February 18, 2013, 10:40:58 AM
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Finished my returns this weekend. Paid an effective federal income tax rate of 15.6% (total federal income tax / total income). Add in FICA, KS income tax, real and personal property taxes, and (approximate) sales tax, and I paid about 35% of my income in taxes in one form or another.
How'd you guys do?
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personal question
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Finished my returns this weekend. Paid an effective federal income tax rate of 15.6% (total federal income tax / total income). Add in FICA, KS income tax, real and personal property taxes, and (approximate) sales tax, and I paid about 35% of my income in taxes in one form or another.
How'd you guys do?
Very much like you did, K-S-U. Paid 15.9 percent effective federal income tax rate and gave an interest free loan to the government of about $2,000. When FICA, state income, sales, personal property etc are included, I paid about 40 percent.
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I have no idea
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taxes really are for the poorest of the poor
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1. I've never paid attention to the rate I'm paying
2. I won't give my stuff to my cpa until sometime in late sept early oct
3. it's none of your damn business
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:kstategrad: DNR.
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Whole lotta strange replies here. If you don't want to share, you don't need to reply.
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Whole lotta strange replies here. If you don't want to share, you don't need to reply.
can you imagine this shithole if nobody responded to stupid threads?
woof
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Spent the weekend creating an LLC to use as a tax shelter. This past year was just too much for me. eff em.
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Haven't even started yet.
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sdbro is getting back $8,500. I was all :lol: you dumbass :lol:
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sdbro is getting back $8,500. I was all :lol: you dumbass :lol:
It blows my mind how many people don't understand that a big return means they lost a lot of money.
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sdbro is getting back $8,500. I was all :lol: you dumbass :lol:
It blows my mind how many people don't understand that a big return means they lost a lot of money.
he understands it completely. he was mocking himself more than I was mocking him.
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sdbro is getting back $8,500. I was all :lol: you dumbass :lol:
It blows my mind how many people don't understand that a big return means they lost a lot of money.
he understands it completely. he was mocking himself more than I was mocking him.
Wasn't knocking sd bro... just noting that there are a lot of people out there that think that getting $8500 back is "winning" taxes.
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Nothing like a series of KKK posts to kill a thread. :fatty:
You're welcome, everyone else!
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Haven't filed a return in years, the IRS got soft when clinton left
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OT: I enjoyed that.
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Really excited about not having to file in 2 states this year.
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Forgot to contribute to my Roth. :facepalm:
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Forgot to contribute to my Roth. :facepalm:
I think you still can?
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Forgot to contribute to my Roth. :facepalm:
I think you still can?
I know but it's not in my budget right now and pretty soon we won't be eligible contribute.
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I'm gonna owe like $1,200 I suspect.
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with interest rates as they are, they return or no return argument is pretty pointless.
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It's not human nature to maximize. And the world is a much better place for it.
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with interest rates as they are, they return or no return argument is pretty pointless.
yeah, if all you'd do with the money is let it collect dust in a savings account. :lol:
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I don't know, my accountant told me I should by a couple of new trucks before the end of the year and I'd be fine
I guess that means I'm fine
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Got a letter from the IRS saying I owe $3K+ from 2011. Clerical error fixed and now they owe me $43! Sweet.
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It's fun to get a big tax return though.
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How do you stack up?
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fwww.pgpf.org%2FIssues%2FTaxes%2F2012%2F04%2F%7E%2F%7E%2Fmedia%2FBE9AE89EE9DB41F2879D9EF735E4F1D9.gif&hash=e2d46111c54f4fc725584d13ea1c7aff63e69a0a)
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It's fun to get a big tax return though.
definitely is, feels like you won the lotto.
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It's fun to get a big tax return though.
definitely is, feels like you won the lotto.
No. It feels like I'm a dumbass for giving the government an interest-free loan.
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It's fun to get a big tax return though.
definitely is, feels like you won the lotto.
No. It feels like I'm a dumbass for giving the government an interest-free loan.
You should just change your name to DaveRamseysgirl
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It's fun to get a big tax return though.
definitely is, feels like you won the lotto.
No. It feels like I'm a dumbass for giving the government an interest-free loan.
Nope. Don't care about that. Jackpot!
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Nope. Don't care about that. Jackpot!
you just gave the govt like $4.50. dumbass.
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Got a letter from the IRS saying I owe $3K+ from 2011. Clerical error fixed and now they owe me $43! Sweet.
Had a similair thing from the State of Kansas from 10 when i moved to MO. They kept badgering me for it over and over and every time i called and said hey you idiots owe me $30 just leave me alone and you can have it they would agree. Then 2 months later i'd get the same thing all over again. Eventually they gave me money after wasting probably 12 mailings worth of postage and paper and probably 5-10 man hours. Dang the government is efficient.
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California seems to make calculating exemptions more difficult than other states. I did the IRS calculator thingy, did the standard deduction and still ended up with like $3k from California and $2k from federal. And I know at least two people that are owing like $10k because of incorrect exemptions. Also my company makes it a pain to change. weird.
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Negative tax rate. Best part about paying for school up front.