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Reply to "If you make 300K or more do you always end up writing 15-20k+ check to the IRS?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]$425K household income last year, getting ~$7.5K refund. 0 exemptions and an extra $500/paycheck withheld from one of our paychecks. Turns out we over-withheld a bit, but we just got married and weren't sure what would happen with the expiration of the Bush tax cuts. [/quote] This sucks I hate taxes. It's too volatile, they should just make it 20% for everyone and be done with it.[/quote] Agree. I'd even be willing to up it to 30%... [/quote] +100 We make between $350-400, and always owe in the range of $6000-$10,000. I wouldn't rag so much on the amount we owe if there was truly a way to predict the amount of AMT. Our problem is that we have some unpredictable income streams, distributions from family partnerships, RMDs from deceased parents account and some random other.[/quote]
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