2013 HHI and paid tax

[Anonymous]

Anonymous wrote:325k hhi
Fed 79k
VA 16k
This year sucked for taxes. Oh and a big fuck you to the irs for digging up a 3 year old under payment of a few k, you felt like that was needed after all the shit we pay (ok now I feel better)

that's a shit load of fed taxes!! are you getting a refund this year or do you not have a mortgage interest deduction?

what is the statute of limitations on IRS coming back for under payment?

[Anonymous]

Anonymous wrote:

Anonymous wrote:HHI: $198k (gross income)
Federal Tax: $18,459
VA Tax: $6,289

How come is your federal tax so low? A lot of deductions?

Did you reach AMT?

Roughly $17k in mortgage interest, $6k of charitable donations, max two 401ks, daycare spending account, property tax of roughly $6k, capital loss carry forward up to the limit. I think our AGI was just shy of $150. Our effective tax rate was roughly 12.3%, which I think it fairly standard for the under $200k set. Next year it will be more as we will just break over $200k and will likely get hit with the AMT this time.

[Anonymous]

157,969 Gross
23,200 Fed
7,663 State

The saddest part is I seriously was scrounging up quarters to put together dinner tonight. So ridiculous.

[Anonymous]

Sickening that those under 200k have teen or single digit effective

[Anonymous]

Anonymous wrote:157,969 Gross
23,200 Fed
7,663 State

The saddest part is I seriously was scrounging up quarters to put together dinner tonight. So ridiculous.

23,200/157,969 = 14.69% cry me a river.

[Anonymous]

Anonymous wrote:

Anonymous wrote:157,969 Gross
23,200 Fed
7,663 State

The saddest part is I seriously was scrounging up quarters to put together dinner tonight. So ridiculous.

23,200/157,969 = 14.69% cry me a river.

Yeah, my effective tax rate was over 31%.

[Anonymous]

Anonymous wrote:

Anonymous wrote:157,969 Gross
23,200 Fed
7,663 State

The saddest part is I seriously was scrounging up quarters to put together dinner tonight. So ridiculous.

23,200/157,969 = 14.69% cry me a river.

Ha! I wasn't complaining about my tax rate. I'm in shock that I couldn't put together $5 this morning. It's pretty ridiculous.

[Anonymous]

I have to file extensions but this is my best guess:

AGI $300
Fed: $70
MD: $22

I am an owner at work so I think that drives our effective up a little (because of self-employment tax).

[Anonymous]

Anonymous wrote:

Anonymous wrote:157,969 Gross
23,200 Fed
7,663 State

The saddest part is I seriously was scrounging up quarters to put together dinner tonight. So ridiculous.

23,200/157,969 = 14.69% cry me a river.

Come on.

I am at 24.5% (just bought the house, not much to deduct, even child credit).

[Anonymous]

AGI: 313K

Fed tax: 65K

[Anonymous]

Anonymous wrote:325k hhi
Fed 79k
VA 16k
This year sucked for taxes. Oh and a big fuck you to the irs for digging up a 3 year old under payment of a few k, you felt like that was needed after all the shit we pay (ok now I feel better)

Me,too! What's up with IRS?! Digging up 2yr old unpaid tax?! And they even charged interest on it. Do your job and send the letter out at least before any interest kicks in we paid on time!!

[Anonymous]

390 HHI
350 AGI (HHI minus 401k, health, transport, etc.)
75K Federal (21% effective)
25k DC (7% effective)

[Anonymous]

$220K HHI
$50K Federal
Can't remember what we paid to VA

[Anonymous]

Would you all agree to pay 30% of all purchase, rather than this yearly complicated tax thing?

I don't know if I should include house-purchase or not, say 1M house with $300K property tax? We are paying $14000 property tax per year, so in 20 years, close to that amount, then start over again.

[Anonymous]

Anonymous wrote:Would you all agree to pay 30% of all purchase, rather than this yearly complicated tax thing?

I don't know if I should include house-purchase or not, say 1M house with $300K property tax? We are paying $14000 property tax per year, so in 20 years, close to that amount, then start over again.

I would rather everyone pay a simple flat tax with no deductions and treat all income equally (salary, dividends, capital gains, etc.)