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Don't forget, it's Tax Day...

GO TO ADMIN PANEL > ADD-ONS AND INSTALL VERTIFORO SIDEBAR TO SEE FORUMS AND SIDEBAR

Interpol

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...for those of you in the USA who have an income.

Interpol (who just finished writing a $87000 check to the IRS)
 

TheJosher

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Wha? $87,000 USD for taxes? Damn.

My parents got me to do our taxes (well, with them) with Turbotax. $4,700 refund for us :) (10 kids, low income = big tax breaks)

Josh
 

Interpol

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TheJosher said:
Wha? $87,000 USD for taxes? Damn.

My parents got me to do our taxes (well, with them) with Turbotax. $4,700 refund for us :) (10 kids, low income = big tax breaks)

Josh
Wow, 10 kids. I can't even imagine what your house is like. You guys Mormon? :)

And yes, $87k in federal taxes (plus an additional $20k in CA state taxes). It didn't help that I had no tax withheld from my salary over the year. Plus, it was a good year for me and my family.
 
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baggss

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I owed $700 to thre Feds and got $400 back from the state. Not to bad....
 

antiditz

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Right, tax day, I completely forgot. I usually like to get mine out early, but my damn accountant was running late this year, so I only sent them out about 10 days ago. No payment due this year, but I should be getting a nice refund.

How many out there wait for 'under the wire' time? Is it procrastination, or just not wanting good ol' Uncle Sam to get at that money until the last second?
 

rooster

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got mine done in february, got a refund from both state and federal totaling 1,200 or so, and i didn't have a job for 6 months.....
 

TheJosher

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Interpol said:
Wow, 10 kids. I can't even imagine what your house is like. You guys Mormon? :)

And yes, $87k in federal taxes (plus an additional $20k in CA state taxes). It didn't help that I had no tax withheld from my salary over the year. Plus, it was a good year for me and my family.
You pay about the same in state taxes than my dad makes in a year :) What kind of work do you do, if you don't mind me asking?

No, not mormon :)

Yes, the house is a zoo. And since we're all homeschooled, there is no escaping it either :D

$499 back in state taxes here.

Josh
 
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Interpol

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TheJosher said:
You pay about the same in state taxes than my dad makes in a year :) What kind of work do you do, if you don't mind me asking?
I'm a doctor. Anesthesiology is my specialty.

No, not mormon :)

Yes, the house is a zoo. And since we're all homeschooled, there is no escaping it either :D
That's cool. It takes real dedication to homeschool a kid, let alone 10 kids. :)
 

zenith_kitten

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This post is interesting as I'm an accountant in Australia. I didn't realise you guys had to pay two separate taxes, one to the state and one to the federal when you do your tax return.

Sorry, I must seem like a librarian but it's interesting how tax works around the world. At least the consensus is it's a pain :D
 
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baggss

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Not all states have state tax though, so not everyone pays it nationwide. It depends on the state you live in.
 

Interpol

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whocares33 said:
more like $290,000

If i did my math right
Closer. How much you get taxed percentage-wise depends on your income. The higher it is, the more you get taxed.

After deductions, I fell from the 35% bracket down to about 25%.
 
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