Anonymous
Post 04/09/2014 16:16     Subject: Re:2013 HHI and paid tax
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.)
Anonymous
Post 04/09/2014 15:40     Subject: Re:2013 HHI and paid tax
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
Post 04/09/2014 14:40     Subject: 2013 HHI and paid tax
$220K HHI
$50K Federal
Can't remember what we paid to VA
Anonymous
Post 04/09/2014 13:11     Subject: 2013 HHI and paid tax
390 HHI
350 AGI (HHI minus 401k, health, transport, etc.)
75K Federal (21% effective)
25k DC (7% effective)
Anonymous
Post 04/09/2014 12:47     Subject: 2013 HHI and paid tax
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
Post 04/08/2014 23:12     Subject: 2013 HHI and paid tax
AGI: 313K

Fed tax: 65K
Anonymous
Post 04/08/2014 16:06     Subject: 2013 HHI and paid tax
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
Post 04/08/2014 14:55     Subject: 2013 HHI and paid tax
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
Post 04/08/2014 14:06     Subject: 2013 HHI and paid tax
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
Post 04/08/2014 12:58     Subject: 2013 HHI and paid tax
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
Post 04/08/2014 11:28     Subject: 2013 HHI and paid tax
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
Post 04/08/2014 11:14     Subject: 2013 HHI and paid tax
Sickening that those under 200k have teen or single digit effective
Anonymous
Post 04/08/2014 11:12     Subject: 2013 HHI and paid tax
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
Post 04/08/2014 10:30     Subject: 2013 HHI and paid tax
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
Post 04/08/2014 07:20     Subject: 2013 HHI and paid tax
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?