Anonymous
04/07/2014 21:56
Subject: 2013 HHI and paid tax
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?
Anonymous
04/07/2014 21:11
Subject: 2013 HHI and paid tax
Adjusted Gross Income: $260k
Fed: $60k - effective tax rate 25.2%
Md: $24k - effective tax rate 8.2%
Fed: $60k - effective tax rate 25.2%
Md: $24k - effective tax rate 8.2%
Anonymous
04/07/2014 21:06
Subject: 2013 HHI and paid tax
Adjusted Gross Income: $260k
Fed: $60k
Fed: $60k
Anonymous
04/07/2014 20:50
Subject: 2013 HHI and paid tax
Anonymous wrote:Anonymous wrote:Anonymous wrote:Approx 90k
Federal tax paid: Zero
DC tax paid: Zero (I think, it might have been a couple of hundred for DC, don't remember exactly)
Wow! I am surprised you didn't pay anything! Do you have a ton of kids or a huge mortgage? Or gave away a lot to charity?
2 kids, about 10k in mortgage deductions. Usually we pay about 5k federal but we had a ton of losses related to trusts/inheritance this year. Plus allowable losses due to a rental property. Plus child credits, charitable donations (a lot again due to inheritance and donating furniture). Then 401k and IRS deductions. I don't remember what else right now, but it was an unusual collection of events that bought our taxable income down below $20k.
Impressive!
Anonymous
04/07/2014 20:45
Subject: 2013 HHI and paid tax
Anonymous wrote:Anonymous wrote:Approx 90k
Federal tax paid: Zero
DC tax paid: Zero (I think, it might have been a couple of hundred for DC, don't remember exactly)
Wow! I am surprised you didn't pay anything! Do you have a ton of kids or a huge mortgage? Or gave away a lot to charity?
2 kids, about 10k in mortgage deductions. Usually we pay about 5k federal but we had a ton of losses related to trusts/inheritance this year. Plus allowable losses due to a rental property. Plus child credits, charitable donations (a lot again due to inheritance and donating furniture). Then 401k and IRS deductions. I don't remember what else right now, but it was an unusual collection of events that bought our taxable income down below $20k.
Anonymous
04/07/2014 19:51
Subject: 2013 HHI and paid tax
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)
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)
Anonymous
04/07/2014 19:40
Subject: Re:2013 HHI and paid tax
Anonymous wrote:HHI $485
Feds $55k
MD $36k
We have a complicated tax situation where a lot of income is from business ownership as dividends.
This is why all income should be taxed equally.
Anonymous
04/07/2014 18:34
Subject: 2013 HHI and paid tax
previous poster--
also pay state but I'm not sure how much.
also pay state but I'm not sure how much.
Anonymous
04/07/2014 18:33
Subject: 2013 HHI and paid tax
AGI $275
Feds 41K (15%)
Feds 41K (15%)
Anonymous
04/07/2014 18:00
Subject: Re:2013 HHI and paid tax
HHI $485
Feds $55k
MD $36k
We have a complicated tax situation where a lot of income is from business ownership as dividends.
Feds $55k
MD $36k
We have a complicated tax situation where a lot of income is from business ownership as dividends.
Anonymous
04/07/2014 17:15
Subject: 2013 HHI and paid tax
Anonymous wrote:Approx 90k
Federal tax paid: Zero
DC tax paid: Zero (I think, it might have been a couple of hundred for DC, don't remember exactly)
Wow! I am surprised you didn't pay anything! Do you have a ton of kids or a huge mortgage? Or gave away a lot to charity?
Anonymous
04/07/2014 17:00
Subject: 2013 HHI and paid tax
Approx 90k
Federal tax paid: Zero
DC tax paid: Zero (I think, it might have been a couple of hundred for DC, don't remember exactly)
Federal tax paid: Zero
DC tax paid: Zero (I think, it might have been a couple of hundred for DC, don't remember exactly)
Anonymous
04/07/2014 17:00
Subject: 2013 HHI and paid tax
HHI: $198k (gross income)
Federal Tax: $18,459
VA Tax: $6,289
Federal Tax: $18,459
VA Tax: $6,289
Anonymous
04/07/2014 16:11
Subject: Re:2013 HHI and paid tax
HHI: $446,00
Federal tax paid: $116,000
VA tax paid\: $23,800
Federal tax paid: $116,000
VA tax paid\: $23,800
Anonymous
04/07/2014 15:47
Subject: 2013 HHI and paid tax
I like the other post, but I think it is more useful to post your HHI and pain tax.
I start:
HHI: 380k (took out 40K from retirement).
Fed tax rate: 24.5%, paid about $100k.
Virginia tax: paid 23K.
I start:
HHI: 380k (took out 40K from retirement).
Fed tax rate: 24.5%, paid about $100k.
Virginia tax: paid 23K.