Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
| Author | Time | Post | |
| NMDemDist2 | Jan 2012 | OP | |
| dixiegrrrrl | Jan 2012 | #1 | |
| NMDemDist2 | Jan 2012 | #2 | |
| dixiegrrrrl | Jan 2012 | #4 | |
| Warpy | Jan 2012 | #3 | |
| phantom power | Jan 2012 | #5 | |
| Fuddnik | Jan 2012 | #6 | |
| magical thyme | Jan 2012 | #7 |
Response to NMDemDist2 (Original post)
Tue Jan 24, 2012, 03:05 PM
dixiegrrrrl (30,741 posts)
1. They look great!!!!!!
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We pay NO state/fed income tax, no property tax.
Just sales tax. The upside for living below the taxable income/soc. Sec. cut off. |
Response to dixiegrrrrl (Reply #1)
Tue Jan 24, 2012, 03:29 PM
NMDemDist2 (48,852 posts)
2. ahhh
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sorry you're in the no tax bracket, but glad they aren't painful
I did ours and we're in the top 25% of wage earners and ended up only paying 10% federal i don't get the tea party growling about taxes being too high.... i really don't get it |
Response to NMDemDist2 (Reply #2)
Tue Jan 24, 2012, 04:42 PM
dixiegrrrrl (30,741 posts)
4. Depends on how you define taxes...
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Paying annual taxes ( state/fed income tax) is one thing
but if you get any kind of a paycheck with deductions taken out, that is another kind of tax. i remember when I was working ( as recently as 2002) I paid 38% of each check in deductions: Soc Sec Medicare State unemployment etc which really shrank the take home. |
Response to NMDemDist2 (Original post)
Tue Jan 24, 2012, 03:52 PM
Warpy (69,089 posts)
3. I do mine on April Fool's Day
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They're complicated and usually by then the first amended 1099s have come in.
The second amended 1099s show up in June, meaning I have to do a 1040X then. If I'm lucky, no more foreign jive happens and that's it for my taxes. And Reagan said his scam was so simple we could do them on a postcard. |
Response to NMDemDist2 (Original post)
Tue Jan 24, 2012, 05:09 PM
phantom power (22,513 posts)
5. I always wait until Feb 1...
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I think the rule is you have until Jan 31 to get people all their tax docs. Although last year some jackass even missed that deadline.
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Response to NMDemDist2 (Original post)
Tue Jan 24, 2012, 06:00 PM
Fuddnik (4,423 posts)
6. I'm still waiting on a 1099 from Railroad Retirement.
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We increased our withholding substantially about 18 months ago, so we should get a pretty big return. The reason we increased it so much, is I thought we'd qualify for a large HCTC (Health Care Tax Credit) two years ago, and it turns out we didn't qualify, so I had to ship the IRS over $3000. Last year we got back $3000.
Should get slightly more this year, but the middle of Feb., our ridiculous Florida homeowners insurance is due. Along with flood insurance. So, kiss that good-bye. |
Response to NMDemDist2 (Original post)
Tue Jan 24, 2012, 08:27 PM
magical thyme (4,044 posts)
7. waiting on the university form
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for education credit. I'm low income, so will get back all the fed income taxes I paid, along with ~$1,000 education credit. The state refund will be miniscule by comparison, but at least their online form is simple and works.
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