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In reply to the discussion: I just finished my Federal taxes for 2012 ..... [View all]oldhippie
(3,249 posts)5. Yes, I will admit to being happy with my pension .....
.... and I sure hope TurboTax didn't do something very wrong in my tax calculations!
But I am curious about your final tax rate. For your tax to have been less than mine with your larger overall adjusted gross income, then there must have been some large deductions to get the taxable income down. I wonder if you had some large medical deductions or tax and interest deductions to do that? Did you get to take advantage of the first time homebuyers credit or some other good credit? I'm not trying to pry or criticize, I just like to understand things. I completely understand if you do not wish to share any more of your financial situation.
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have you added your FICA and state taxes ... please do ...as the rich pay a very small portion
srican69
Feb 2013
#6
I work on a 1099 - so I pay 15% FICA straight off the bat and income taxes on top of that ...
srican69
Feb 2013
#8
I used TaxACT for the first time since we can no longer afford to pay our CPA...
OldDem2012
Feb 2013
#11
Don't worry - anybody using financial data on DU who is not homeless will inevitably be called rich
dmallind
Feb 2013
#26
Does anyone know if I should still file joint although my spouse passed in March 2012?..
Little Star
Feb 2013
#28
Thank You and I too hope you have a very long time before you ever have to deal with this.
Little Star
Feb 2013
#42