Author Topic: Taxes (Read 17178 times)

420seriouscat69 · « **Reply #125 on:** January 14, 2016, 03:53:17 PM »

Quote from: Mrs. Gooch on January 14, 2016, 03:50:54 PM

Quote from: WackyCat08 on January 14, 2016, 03:45:19 PM
Quote from: Cire on January 14, 2016, 02:54:20 PM
had a kid and bought a house in January but wife got a big raise.

Can't wait to do taxes though!!!
This is also interesting to me. I'm in a different bracket now. Does that mean I'll get more back, after being taxed more on my paychecks?

Depends on how much of the year you were at the lower pay and whether the higher pay for part of the year moves you into the higher bracket for the total yearly income.

That makes sense

420seriouscat69 · « **Reply #126 on:** January 14, 2016, 03:54:32 PM »

Someone told me a few years ago, that once you started making over 55K, you were in a different tax bracket. I guess it could be that way, if you were married or something.

https://www.taxact.com/tools/tax-bracket-calculator.asp

Tobias · « **Reply #127 on:** January 14, 2016, 03:54:35 PM »

i was about to internet high five ya (and rusty) real good, wacks

K-S-U-Wildcats! · « **Reply #128 on:** January 14, 2016, 03:55:27 PM »

Quote from: libliblibliblibliblib on January 14, 2016, 01:44:46 PM

Bonuses automatically get 25% taken for supplemental income tax

Don't forget the 12% Obamacare surcharge on all bonuses.

slobber · « **Reply #129 on:** January 14, 2016, 03:58:10 PM »

Yla, you need to get the Mrs to start pumpin' out some kids.

Gonna win 'em all! (using Tapatalk)

420seriouscat69 · « **Reply #130 on:** January 14, 2016, 03:58:42 PM »

Quote from: Tobias on January 14, 2016, 03:54:35 PM

i was about to internet high five ya (and rusty) real good, wacks

I know, I shouldn't have told the truth.

star seed 7 · « **Reply #131 on:** January 14, 2016, 04:57:11 PM »

No reason married people should have lower taxes, what a scam

Canary · « **Reply #132 on:** January 14, 2016, 08:28:15 PM »

Quote from: libliblibliblibliblib on January 14, 2016, 04:57:11 PM

No reason married people should have lower taxes, what a scam

One of my ultra conservative brothers told me it was my societal responsibility to pay more taxes as a single person. I won't get into the specifics but he and I argued about that at length several years ago.

slackcat · « **Reply #133 on:** January 15, 2016, 05:49:18 AM »

Quote from: libliblibliblibliblib on January 14, 2016, 04:57:11 PM

No reason successful married people should have ~~lower~~ higher taxes, what a scam

K-S-U-Wildcats! · « **Reply #134 on:** January 15, 2016, 08:36:42 AM »

So if we went to a simplified "flat" or "fair" tax system, we could get rid of all these stupid deductions and stop arguing over who gets more favorable treatment. Right?

steve dave · « **Reply #135 on:** January 15, 2016, 08:38:26 AM »

I enjoy talking taxes. They're like sports. I'm excellent at talking about both!

Mrs. Gooch · « **Reply #136 on:** January 15, 2016, 08:46:26 AM »

Quote from: slackcat on January 15, 2016, 05:49:18 AM

Quote from: libliblibliblibliblib on January 14, 2016, 04:57:11 PM
No reason successful married people should have ~~lower~~ higher taxes, what a scam

Tobias · « **Reply #137 on:** January 15, 2016, 08:50:15 AM »

Quote from: steve dave on January 15, 2016, 08:38:26 AM

I enjoy talking taxes. They're like sports. I'm excellent at talking about both!

i love when people unknowingly reveal major aspects of their life based on tax talk

steve dave · « **Reply #138 on:** January 15, 2016, 08:53:06 AM »

Quote from: Tobias on January 15, 2016, 08:50:15 AM

Quote from: steve dave on January 15, 2016, 08:38:26 AM
I enjoy talking taxes. They're like sports. I'm excellent at talking about both!

i love when people unknowingly reveal major aspects of their life based on tax talk

yeah, like dobbers canadian friends entire family has expensive exotic diseases maybe

K-S-U-Wildcats! · « **Reply #139 on:** January 15, 2016, 08:56:35 AM »

Quote from: steve dave on January 15, 2016, 08:38:26 AM

I enjoy talking taxes. They're like sports. I'm excellent at talking about both!

Speaking of which, you know what the "flat" and "fair" tax proposals are like? College Football Playoffs. People been clamoring for them for years, other people been saying for years how they wouldn't work. Now we've got them and they work great. They'll work even better when we expand to 8.

star seed 7 · « **Reply #140 on:** January 15, 2016, 09:05:51 AM »

Flat tax is stupid

Emo EMAW · « **Reply #141 on:** January 15, 2016, 09:09:04 AM »

Go to school they said. Get a good job they said. ~~Deduct the student loan interest they said.~~

Tobias · « **Reply #142 on:** January 15, 2016, 09:16:32 AM »

Quote from: Emo EMAW on January 15, 2016, 09:09:04 AM

Go to school they said. Get a good job they said. ~~Deduct the student loan interest they said.~~

this is a good example of revealing info

420seriouscat69 · « **Reply #143 on:** January 15, 2016, 09:27:44 AM »

Quote from: Tobias on January 15, 2016, 08:50:15 AM

Quote from: steve dave on January 15, 2016, 08:38:26 AM
I enjoy talking taxes. They're like sports. I'm excellent at talking about both!

i love when people unknowingly reveal major aspects of their life based on tax talk

yoga-like_abana · « **Reply #144 on:** January 15, 2016, 09:35:46 AM »

So I'm assuming I will probably have a decent amount coming back to me because I never switched from single to married with my employer.. With a refund I have differing opinions and pending how much I get back: Do I pay another month on my house(have a 15 year on it but would like to get it paid off as quickly as possible to have it as a rental then rinse and repeat), invest it, put it away as another safety savings account or a combo?

star seed 7 · « **Reply #145 on:** January 15, 2016, 09:37:42 AM »

Spend that [redacted]

Tobias · « **Reply #146 on:** January 15, 2016, 09:40:15 AM »

you're a special kind of stupid if you don't buy the biggest flat screen you can

Mrs. Gooch · « **Reply #147 on:** January 15, 2016, 10:00:35 AM »

House payment.

yoga-like_abana · « **Reply #148 on:** January 15, 2016, 10:14:51 AM »

I've also thought of option 4: Going to Disneyland paying the guy dressed as mickey mouse to let me wear the outfit and then when sd comes to get a treasured family pic I'll give him the ron prince bunny ears.. classic burn

steve dave · « **Reply #149 on:** January 15, 2016, 10:17:27 AM »

Quote from: yoga-like_abana on January 15, 2016, 10:14:51 AM

I've also thought of option 4: Going to Disneyland paying the guy dressed as mickey mouse to let me wear the outfit and then when sd comes to get a treasured family pic I'll give him the ron prince bunny ears.. classic burn

HA! jokes on you, we'll be at disneyWORLD