Douche Bag Fcuk you 4865 Posts user info edit post |
Well, how much? 12/17/2014 11:52:28 AM
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synapse play so hard 60908 Posts user info edit post |
You mean federal income tax, or ALL THE TAXES?? 12/17/2014 11:53:28 AM
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Krallum 56A0D3 15294 Posts user info edit post |
inb4 "none"
I'm Krallum and I approved this message. 12/17/2014 12:00:34 PM
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Douche Bag Fcuk you 4865 Posts user info edit post |
income tax - federal and state 12/17/2014 12:42:08 PM
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synapse play so hard 60908 Posts user info edit post |
You go first. 12/17/2014 12:48:59 PM
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CarZin patent pending 10527 Posts user info edit post |
I don't get these threads. Is it another 'who's penis is bigger than the next' and an opportunity to humble brag? 12/17/2014 1:40:54 PM
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dtownral Suspended 26632 Posts user info edit post |
i'm paying like so much in taxes brah, i make so much money 12/17/2014 1:45:02 PM
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wdprice3 BinaryBuffonary 45908 Posts user info edit post |
too damn much 12/17/2014 1:46:13 PM
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OmarBadu zidik 25063 Posts user info edit post |
Percentages are kind of what I thought people would post but with the same rationale that CarZin said 12/17/2014 1:52:07 PM
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y0willy0 All American 7863 Posts user info edit post |
![](http://0.media.collegehumor.cvcdn.com/f/6/collegehumor.271b5b9fe6894987f6d9225674c12513.jpg)
12/17/2014 2:51:33 PM
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Dynasty2004 Bawls 5815 Posts user info edit post |
all the taxes 12/17/2014 3:06:44 PM
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LastInACC All American 1843 Posts user info edit post |
bout tree fiddy. 12/17/2014 3:32:46 PM
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rflong All American 11472 Posts user info edit post |
Too early. Do this thread in March when people have started filing. 12/17/2014 9:28:59 PM
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Kurtis636 All American 14984 Posts user info edit post |
Shit man, I'm easily paying for my very own public school teacher this year. 12/18/2014 1:30:57 AM
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jdennis86 All American 3004 Posts user info edit post |
thank you 12/18/2014 7:07:57 AM
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Douche Bag Fcuk you 4865 Posts user info edit post |
I think I'm paying for 2 teachers... 12/18/2014 8:53:46 AM
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slckwill577 All American 757 Posts user info edit post |
I bought my first house this summer, and I have heard I could probably expect a significant tax return this year...can anyone give me any more detail on this? 12/18/2014 9:53:24 AM
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Smath74 All American 93277 Posts user info edit post |
^^THANK YOU 12/18/2014 8:02:21 PM
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OmarBadu zidik 25063 Posts user info edit post |
i'm interested to hear about how you came to the calculation that you are paying for a teacher
are you opting in to some sort of program where 100% of your taxes - both federal and state - are going towards teacher salaries? 12/18/2014 8:41:04 PM
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UJustWait84 All American 25799 Posts user info edit post |
none of y'all mother fuckers are paying my damn teacher's salary... ![](images/rolleyes.gif) 12/18/2014 8:47:41 PM
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scottncst8 All American 2318 Posts user info edit post |
LOOK AT ME AND INFER HOW MUCH MONEY I MAKE 12/18/2014 8:58:57 PM
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Douche Bag Fcuk you 4865 Posts user info edit post |
I figure the average starting teacher makes $33K/year. If all my taxes went towards teachers salaries, I'd be paying for 2 this year 12/18/2014 8:59:10 PM
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raiden All American 10504 Posts user info edit post |
let me just say a fuckton more than I want to be paying. 12/20/2014 12:10:38 PM
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OmarBadu zidik 25063 Posts user info edit post |
https://www.govtrack.us/congress/bills/113/hr5771 this helps significantly - sucks they didn't approve the america gives more act permanently but i'll take a 1 year extension 12/20/2014 1:48:09 PM
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beatsunc All American 10670 Posts user info edit post |
obligatory http://fairtax.org 12/20/2014 1:59:31 PM
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jaZon All American 27048 Posts user info edit post |
years ago I worked with a fucker that constantly bitched about how much of his money was going to taxes
then it slipped out that he had a negative tax liability ![](images/rolleyes.gif) 12/20/2014 2:03:18 PM
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ncstatetke All American 41128 Posts user info edit post |
I'm not going to pay nearly enough, considering how often I drive on roads and take advantage of the National Park and National Forest system 12/20/2014 2:32:28 PM
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MaximaDrvr
10384 Posts user info edit post |
You can always volunteer to pay more.
I'll be paying in the ballpark of 40k this year. 12/20/2014 3:10:08 PM
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dtownral Suspended 26632 Posts user info edit post |
that's not bad, it's still less than what you waste on your nissan 12/20/2014 3:31:56 PM
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jaZon All American 27048 Posts user info edit post |
hahahaha 12/20/2014 6:14:37 PM
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Kurtis636 All American 14984 Posts user info edit post |
Quote : | "You can always volunteer to pay more. " |
This.
It's not so much that I pay a lot in taxes, it's more that I have pretty much zero in credits or deductions that I can claim. Most of you fuckers probably shat out a kid or two and own a home so most of what you pay in you'll get right back. I'll be lucky if I get any refund this year. I'll be moderately surprised if I don't end up owing again this year. 12/21/2014 5:57:29 PM
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hgtran All American 9855 Posts user info edit post |
It's always too much for me. ![](images/cry.gif) 12/21/2014 7:27:47 PM
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synapse play so hard 60908 Posts user info edit post |
Quote : | "so most of what you pay in you'll get right back." |
The Derp is strong with this one. 12/21/2014 9:09:23 PM
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dweedle All American 77386 Posts user info edit post |
have no idea what to expect, last year I ended up getting like $25 back from federal and owed the state a little bit 12/21/2014 9:27:37 PM
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Kurtis636 All American 14984 Posts user info edit post |
^^In what way?
Close to half of all people filing pay zero in income tax or pay a net negative, the next 20% or so pay about 3% effective rate. A lot of that has to do with ability to claim exemptions and deductions, 2 of the largest being child credits and mortgage interest deductions. So yeah, most people get most of their income tax refunded back to them. 12/21/2014 9:39:22 PM
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synapse play so hard 60908 Posts user info edit post |
Quote : | "Close to half of all people filing pay zero in income tax or pay a net negative" |
Quote : | "So yeah, most people get most of their income tax refunded back to them." |
Sure, but that's not what you claimed.
Quote : | "Most of you fuckers probably shat out a kid or two and own a home so most of what you pay in you'll get right back. I'll be lucky if I get any refund this year" |
It's not the people who own houses and have kids that pay $0 in federal income taxes. It's the poor and the old, if you wanna paint with a broad brush.] 12/21/2014 9:42:30 PM
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Kurtis636 All American 14984 Posts user info edit post |
Quote : | "It's not the people who own houses and have kids that pay $0 in federal income taxes. It's the poor and the old, if you wanna paint with a broad brush." |
That's a lot of them, sure, but It's actually pretty much everyone below $75k.
Joe citizen who owns a home and has a couple of kids pays nearly zero income tax when it's all said and done. So yes, whatever income tax is collected from them is usually refunded to them. If you earn the average 40-50k you'll pay next to nothing, usually as a result of credits and deductions claimed at the end of the year causing you to be issued a refund. 12/21/2014 10:05:59 PM
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synapse play so hard 60908 Posts user info edit post |
I'd wager a guess that $40-$50k is far below the average household income on this site, especially among those who own a home and have kids.
Quote : | "Joe citizen who owns a home and has a couple of kids pays nearly zero income tax when it's all said and done. " |
There goes your derp again! ] 12/21/2014 10:23:19 PM
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kylekatern All American 3291 Posts user info edit post |
house plus 5 kids here
though I also got bumped up to a better paid position the last 4 months of the year, at least temporarily. The tax man is loving these overtime weeks. Had a 28 hours of double time week last week. Helps pay bills, hurts sanity and sleep schedule. 12/22/2014 9:32:09 AM
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KyleAtState All American 1679 Posts user info edit post |
$Texas
$Taxes
12/22/2014 9:38:56 AM
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dtownral Suspended 26632 Posts user info edit post |
in all seriousness, we need to get rid of the mortgage interest deduction 12/22/2014 9:50:28 AM
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synapse play so hard 60908 Posts user info edit post |
^ take your soap box someplace else. 12/22/2014 10:41:51 AM
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BobbyDigital Thots and Prayers 41777 Posts user info edit post |
^^ The first time I heard someone say that I derpfaced the shit out of them.
but as much as I would personally hate it, I have to admit it's likely the sensible thing to do.
http://www.npr.org/blogs/money/2012/10/18/163106924/a-tax-plan-that-economists-love-and-politicians-hate
Quote : | "But to an economist, a tax break is the same as the government writing you a check.
"It just makes no sense that if we have Bill Gates or some very wealthy person, we're subsidizing them to get a very expensive home," said Dean Baker, of the Center for Economic and Policy Research.
"So because rich people receive a larger subsidy, the price of houses increases so much it actually makes it less affordable for the poorer people," said Luigi Zingales, of the University of Chicago Booth School of Business." |
Other than making homes more affordable, the other key side effect of phasing out the mortgage interest tax deduction is the stability of prices-- it would make it harder for housing bubbles to occur.
That said, I doubt any administration in the foreseeable future would stick their neck out for something like this. So for now, it's just an interesting academic exercise.
Quote : | "I don't get these threads. Is it another 'who's penis is bigger than the next' and an opportunity to humble brag?" |
Yes, that's exactly what this is. Douche Bag has probably the most appropriate username on TWW. He loves bragging about his income. He's gotta be a lot of fun at parties.
[Edited on December 22, 2014 at 10:47 AM. Reason : .] 12/22/2014 10:44:45 AM
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OopsPowSrprs All American 8383 Posts user info edit post |
In 2013 my federal effective rate was around 16% with another 3.5% or so state tax.
I'm hoping that with our first full year of mortgage interest payments, plus our little tax deduction that came into this world last month, that our rate dips a bit. But not to 0% (lol to that) 12/22/2014 8:16:17 PM
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CuntPunter Veteran 429 Posts user info edit post |
Ours has been between 9-13% to da Fed for the past 5 years. State, so low, who gives a shit. Our combined incomes is about 150k.
[Edited on December 22, 2014 at 8:36 PM. Reason : .] 12/22/2014 8:36:06 PM
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Douche Bag Fcuk you 4865 Posts user info edit post |
Is like to know how yours is so low. That or visit you in jail. 12/22/2014 9:24:44 PM
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sumfoo1 soup du hier 41043 Posts user info edit post |
Fed owes me $6 state i owe $324 12/23/2014 1:42:24 PM
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Douche Bag Fcuk you 4865 Posts user info edit post |
I always owe as I'm a 1099 independent contractor. Get extra screwed by paying employers share of FICA 12/23/2014 2:06:07 PM
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OopsPowSrprs All American 8383 Posts user info edit post |
Oh I guess my figure didn't include FICA. Tack on another 7.5% or whatever it is. 12/23/2014 2:11:41 PM
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CuntPunter Veteran 429 Posts user info edit post |
Quote : | "Is like to know how yours is so low. That or visit you in jail." |
Mortgage deduction, ira, insurance, charitable donations 12/23/2014 6:25:37 PM
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