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 Message Boards » » Taxes - how much are you paying this year? Page [1] 2, Next  
Douche Bag
Fcuk you
4865 Posts
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Well, how much?

12/17/2014 11:52:28 AM

synapse
play so hard
60908 Posts
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You mean federal income tax, or ALL THE TAXES??

12/17/2014 11:53:28 AM

Krallum
56A0D3
15294 Posts
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inb4 "none"

I'm Krallum and I approved this message.

12/17/2014 12:00:34 PM

Douche Bag
Fcuk you
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income tax - federal and state

12/17/2014 12:42:08 PM

synapse
play so hard
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You go first.

12/17/2014 12:48:59 PM

CarZin
patent pending
10527 Posts
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I don't get these threads. Is it another 'who's penis is bigger than the next' and an opportunity to humble brag?

12/17/2014 1:40:54 PM

dtownral
Suspended
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i'm paying like so much in taxes brah, i make so much money

12/17/2014 1:45:02 PM

wdprice3
BinaryBuffonary
45908 Posts
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too damn much

12/17/2014 1:46:13 PM

OmarBadu
zidik
25059 Posts
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Percentages are kind of what I thought people would post but with the same rationale that CarZin said

12/17/2014 1:52:07 PM

y0willy0
All American
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12/17/2014 2:51:33 PM

Dynasty2004
Bawls
5811 Posts
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all the taxes

12/17/2014 3:06:44 PM

LastInACC
All American
1843 Posts
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bout tree fiddy.

12/17/2014 3:32:46 PM

rflong
All American
11472 Posts
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Too early. Do this thread in March when people have started filing.

12/17/2014 9:28:59 PM

Kurtis636
All American
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Shit man, I'm easily paying for my very own public school teacher this year.

12/18/2014 1:30:57 AM

jdennis86
All American
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thank you

12/18/2014 7:07:57 AM

Douche Bag
Fcuk you
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I think I'm paying for 2 teachers...

12/18/2014 8:53:46 AM

slckwill577
All American
757 Posts
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I bought my first house this summer, and I have heard I could probably expect a significant tax return this year...can anyone give me any more detail on this?

12/18/2014 9:53:24 AM

Smath74
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^^THANK YOU

12/18/2014 8:02:21 PM

OmarBadu
zidik
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i'm interested to hear about how you came to the calculation that you are paying for a teacher

are you opting in to some sort of program where 100% of your taxes - both federal and state - are going towards teacher salaries?

12/18/2014 8:41:04 PM

UJustWait84
All American
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none of y'all mother fuckers are paying my damn teacher's salary...

12/18/2014 8:47:41 PM

scottncst8
All American
2318 Posts
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LOOK AT ME AND INFER HOW MUCH MONEY I MAKE

12/18/2014 8:58:57 PM

Douche Bag
Fcuk you
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I figure the average starting teacher makes $33K/year. If all my taxes went towards teachers salaries, I'd be paying for 2 this year

12/18/2014 8:59:10 PM

raiden
All American
10504 Posts
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let me just say a fuckton more than I want to be paying.

12/20/2014 12:10:38 PM

OmarBadu
zidik
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https://www.govtrack.us/congress/bills/113/hr5771 this helps significantly - sucks they didn't approve the america gives more act permanently but i'll take a 1 year extension

12/20/2014 1:48:09 PM

beatsunc
All American
10646 Posts
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obligatory http://fairtax.org

12/20/2014 1:59:31 PM

jaZon
All American
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years ago I worked with a fucker that constantly bitched about how much of his money was going to taxes

then it slipped out that he had a negative tax liability

12/20/2014 2:03:18 PM

ncstatetke
All American
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I'm not going to pay nearly enough, considering how often I drive on roads and take advantage of the National Park and National Forest system

12/20/2014 2:32:28 PM

MaximaDrvr

10377 Posts
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You can always volunteer to pay more.

I'll be paying in the ballpark of 40k this year.

12/20/2014 3:10:08 PM

dtownral
Suspended
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that's not bad, it's still less than what you waste on your nissan

12/20/2014 3:31:56 PM

jaZon
All American
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hahahaha

12/20/2014 6:14:37 PM

Kurtis636
All American
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Quote :
"You can always volunteer to pay more. "


This.

It's not so much that I pay a lot in taxes, it's more that I have pretty much zero in credits or deductions that I can claim. Most of you fuckers probably shat out a kid or two and own a home so most of what you pay in you'll get right back. I'll be lucky if I get any refund this year. I'll be moderately surprised if I don't end up owing again this year.

12/21/2014 5:57:29 PM

hgtran
All American
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It's always too much for me.

12/21/2014 7:27:47 PM

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play so hard
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Quote :
"so most of what you pay in you'll get right back."


The Derp is strong with this one.

12/21/2014 9:09:23 PM

dweedle
All American
77384 Posts
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have no idea what to expect, last year I ended up getting like $25 back from federal and owed the state a little bit

12/21/2014 9:27:37 PM

Kurtis636
All American
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^^In what way?

Close to half of all people filing pay zero in income tax or pay a net negative, the next 20% or so pay about 3% effective rate. A lot of that has to do with ability to claim exemptions and deductions, 2 of the largest being child credits and mortgage interest deductions. So yeah, most people get most of their income tax refunded back to them.

12/21/2014 9:39:22 PM

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Quote :
"Close to half of all people filing pay zero in income tax or pay a net negative"

Quote :
"So yeah, most people get most of their income tax refunded back to them."


Sure, but that's not what you claimed.

Quote :
"Most of you fuckers probably shat out a kid or two and own a home so most of what you pay in you'll get right back. I'll be lucky if I get any refund this year"


It's not the people who own houses and have kids that pay $0 in federal income taxes. It's the poor and the old, if you wanna paint with a broad brush.

12/21/2014 9:42:30 PM

Kurtis636
All American
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Quote :
"It's not the people who own houses and have kids that pay $0 in federal income taxes. It's the poor and the old, if you wanna paint with a broad brush."


That's a lot of them, sure, but It's actually pretty much everyone below $75k.

Joe citizen who owns a home and has a couple of kids pays nearly zero income tax when it's all said and done. So yes, whatever income tax is collected from them is usually refunded to them. If you earn the average 40-50k you'll pay next to nothing, usually as a result of credits and deductions claimed at the end of the year causing you to be issued a refund.

12/21/2014 10:05:59 PM

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play so hard
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I'd wager a guess that $40-$50k is far below the average household income on this site, especially among those who own a home and have kids.

Quote :
"Joe citizen who owns a home and has a couple of kids pays nearly zero income tax when it's all said and done. "


There goes your derp again!

12/21/2014 10:23:19 PM

kylekatern
All American
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house plus 5 kids here


though I also got bumped up to a better paid position the last 4 months of the year, at least temporarily. The tax man is loving these overtime weeks. Had a 28 hours of double time week last week. Helps pay bills, hurts sanity and sleep schedule.

12/22/2014 9:32:09 AM

KyleAtState
All American
1679 Posts
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$Texas

$Taxes

12/22/2014 9:38:56 AM

dtownral
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in all seriousness, we need to get rid of the mortgage interest deduction

12/22/2014 9:50:28 AM

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play so hard
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^ take your soap box someplace else.

12/22/2014 10:41:51 AM

BobbyDigital
Thots and Prayers
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^^ The first time I heard someone say that I derpfaced the shit out of them.

but as much as I would personally hate it, I have to admit it's likely the sensible thing to do.

http://www.npr.org/blogs/money/2012/10/18/163106924/a-tax-plan-that-economists-love-and-politicians-hate

Quote :
"But to an economist, a tax break is the same as the government writing you a check.

"It just makes no sense that if we have Bill Gates or some very wealthy person, we're subsidizing them to get a very expensive home," said Dean Baker, of the Center for Economic and Policy Research.

"So because rich people receive a larger subsidy, the price of houses increases so much it actually makes it less affordable for the poorer people," said Luigi Zingales, of the University of Chicago Booth School of Business."


Other than making homes more affordable, the other key side effect of phasing out the mortgage interest tax deduction is the stability of prices-- it would make it harder for housing bubbles to occur.

That said, I doubt any administration in the foreseeable future would stick their neck out for something like this. So for now, it's just an interesting academic exercise.

Quote :
"I don't get these threads. Is it another 'who's penis is bigger than the next' and an opportunity to humble brag?"


Yes, that's exactly what this is. Douche Bag has probably the most appropriate username on TWW. He loves bragging about his income. He's gotta be a lot of fun at parties.



[Edited on December 22, 2014 at 10:47 AM. Reason : .]

12/22/2014 10:44:45 AM

OopsPowSrprs
All American
8383 Posts
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In 2013 my federal effective rate was around 16% with another 3.5% or so state tax.

I'm hoping that with our first full year of mortgage interest payments, plus our little tax deduction that came into this world last month, that our rate dips a bit. But not to 0% (lol to that)

12/22/2014 8:16:17 PM

CuntPunter
Veteran
429 Posts
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Ours has been between 9-13% to da Fed for the past 5 years. State, so low, who gives a shit. Our combined incomes is about 150k.

[Edited on December 22, 2014 at 8:36 PM. Reason : .]

12/22/2014 8:36:06 PM

Douche Bag
Fcuk you
4865 Posts
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Is like to know how yours is so low. That or visit you in jail.

12/22/2014 9:24:44 PM

sumfoo1
soup du hier
41043 Posts
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Fed owes me $6 state i owe $324

12/23/2014 1:42:24 PM

Douche Bag
Fcuk you
4865 Posts
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I always owe as I'm a 1099 independent contractor. Get extra screwed by paying employers share of FICA

12/23/2014 2:06:07 PM

OopsPowSrprs
All American
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Oh I guess my figure didn't include FICA. Tack on another 7.5% or whatever it is.

12/23/2014 2:11:41 PM

CuntPunter
Veteran
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Quote :
"Is like to know how yours is so low. That or visit you in jail."

Mortgage deduction, ira, insurance, charitable donations

12/23/2014 6:25:37 PM

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