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Reply to "Taxes - big jump this year?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Our total tax bill (states plus Fed) was over $100 but I still think we are "everyday folk". Also, we experienced a $20k+ increase from last year. However, the "ass should be packed with a ton of cash" thing is not true for us either. The tax bill this year really hurt and I'm fully aware that we could have seen it coming. I've been doing the math. I'm the breadwinner and I make $200k. I just figured out that I could take a job for $150k and the net impact (after taxes) would be miniscule. I've been thinking about looking for something less demanding and this new tax structure is the final straw for me. [/quote] A. There is no "new" tax structure. You owed more because you earned more (most likely in capital gains). There has been no change to the tax code that wasn't well communicated in plenty of time for you to prepare. B. if you owed $100k, you are so far from "everyday folk" it hurts. C. If you make $200k and can't find $20k to pay your taxes, you're either a Kardashian or an even worse moron. Sorry, but this thread is painful. Get a clue, people. You are rich because you live in America. Be grateful and pay your fucking taxes.[/quote] You are correct. My use of "tax structure" was inappropriate. Our HHI was $330 in 2012 and in 2013 and taxes went way up, so there are new taxes - however you want to describe it. Sorry, I still feel like everyday folk. We are certainly not special because we make $330. We have to budget just like everybody else. And yes, we can't find $20k to pay our tax bill. That makes us poor planners, but not morons. [/quote]
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