| We owe $1,660 to federal but are receiving a ny state refund for $1600 so we only really owe $60 |
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Fed Refund: $15k
VA State Refund: $2.9k |
It sounds like you benefited from the increase in the SALT deduction cap. The K-shaped economy at work. |
The point isn't to make voluntary payments. Your argument, "well, you could always just pay more yourself" is stupid. But you know that, because you've been stupid all your life. The point is compel everyone at that income level to pay more. We need confiscatory level taxes for billionaires, especially. And probably a mark-to-market regime to capture capital gains on an annual basis. |
This is the giant caveat this tax season - the SALT deduction cap was passed very late in the year so like i said in the 300-500k post, those people will get more back. It's not like you could know that would be passed late in the year unless you're on the insider trading like all the polymarket people. |
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| Also the Supersized 401k catch up amount that was pretax in 2025 for 60-63 with SALT on top was a big blessing. |
| 7k refund, however I paid estimated taxes expecting to make a large taxable event, but ultimately did not do so. So it was more or less expected. |