Taxes

[Back]

Hope everyone enjoyed paying their taxes this year. Count yourself a good American to have paid them already. If you are trying to cheat them? Boo!

[Shari]

90 bucks at H & R block...I almost fell out of my chair when they told me how much I was getting back.

[Gan]

At least you're getting something back... :(

edited to add.

This is the last year I'll be able to use TurboTax. I enjoy working through the new deductables and working through the available loopholes (legal) that we can use to minimize the impact income tax has on our family. Next year it will be through a paid preparer.

[Back]

And only paid $90? I don’t care what state that H&R is in, give me their number.

[Wezas]

$90? You must not have had many forms.

($300 H&R Block visit for me)

Stocks sold, stock options sold, short term disability (pregnacy leave), new kid, day care deductable, new jobs, etc.

[Tisket]

Well fuck me. I just found out I could have deducted my nieces tuition which I paid for last year. Amended return ftw.

[Stretch]

I'm getting back $525 from federal. Haven't filed my state taxes yet. Pain in the ass.

[Shari]

Well, Scott owns the house. I have no car payment, don't go to school anymore. Obviously I have no kids. But...I did have six different returns from all my jobs. <blush>

[Back]

Damn, I already spent my return, lol.

[Rowi]

Return, what damn return!! i paid 8k throughtout the year, have 4 kids and still owed 2k!! well atleast with a paid preparer, without that, i prolly woulda owed 10k! fuckers!



I DONT USE THE ROADS, DAMMIT!

[The Ponzzz]

Paid $1200 :( Loved the college days when I got 4-5 grand back with my earned income credit from my son... Divorced and no son to claim makes for a poor Mario...

[Sean of the Thread]

I did my old ladies for free using H&R.. last year it cost her $130. She is getting back $5k for me to spend. Hooray 5k.

[Tromp]

Did myself with Turbo Tax online

$3400 back

Thanks goodness for relocation write offs, sales tax deduction from new automobile purchase, etc...

[Wezas]

Getting back about $3700 from federal, which is nice considering her maternity short-term disability leave wasn't taxed and had to be taken at tax time. 600ish back from state.

[Rowi]

I wish strip club visits were write offs!!

[Sean of the Thread]

I wish strip club visits were write offs!!


They are.

[CrystalTears]

Bunch of slackers. I got my refund back in February. Already gone.

I know the story will be different next year once we own a house. Oh so different. Accountant husband FTW cause I sure ain't doing it.

[Wezas]

Aren't they health/wellness expenses like chiropractors and massages?

[Jazuela]

Our goal every year is to get as close to "even" without owing, so just a little refund means we did good. This year we ended up with around 1000 back between state and federal. Just about right. Cost was around $50 since we used turbo tax and filed via the internet. Our 1000 refund was after the cost to file, and we got it direct deposited in our bank account a week after we filed last month.

[Sean of the Thread]

PWN NO STATE TAXES FOR FLORIDA!

Not that I'd pay them since I'm 3 years behind on my federal as it is.

[Leetahkin]

Such an easy federal tax return this year for me, since I'm single again. State was a bitch, but finally sent both states in a few weeks ago and already got my refunds back. Federal was back by the end of January to use for the London trip.

[Kuyuk]

On hold with the IRS. Problem # 1321...whatever the fuck that is.


K.

[Gan]

No state taxes in Texas either. :)

Also, since we're on the subject of taxes. As a home owner/property owner I am subject and required to pay a yearly school tax (equates to 1.48% of the value of my home/property). Even though my child is not of school age yet; therefore does not attend public school.

I understand that this is 'doing ones part' to help prop up our esteemed public school system. However, WHAT ABOUT ALL THE FUCKERS LIVING/RENTING IN APARTMENTS WITH 3/4/5 CHILDREN ATTENDING PUBLIC SCHOOL AND THEY'RE NOT PAYING A DAMN DIME IN SCHOOL TAXES. :( /end rant

I think they should have an appropriate renters tax equitable to a % of monthly rent paid that should be added for school taxes so the burden is not solely upon those who own a home.

[Sean of the Thread]

I'm not certain but my guess is the owner's of the rentals are paying taxes and thus keep it moving on down the line. Would make sense.

Your taxes also pay for some abortions but you chose to complain about money going to the school system?

[Gan]

I'm pro choice

And my school taxes do not go towards abortion clinics. They do goto alternative schools designated for pregnant high school girls though.

And NO, there are not any school district allocated taxes levied onto rental properties in Texas, nor onto renters who live in rental properties.

READ FOR CONTEXT NEXT TIME

[Sean of the Thread]

Oh I understood the post completely... You're still complaining about school taxes.

[Sean of the Thread]

Not very much to complain about fyi.


Stats > Economy > Total tax burden (per capita) THE LEAST IN THE NATION!!!
#50 Texas $1,368.45

Stats > Education > Postsecondary > Number Of Institutions > Public
#2 Texas 109

Stats > Education > Postsecondary > Degrees Awarded > Bachelors
#3 Texas 85,539

Stats > Education > Postsecondary > Degrees Awarded > Masters
#4 Texas 30,549

[Wezas]

Electronicly filed taxes were rejected - reason being: my son's SSN. The guy at H&R said it happens often with new children because the Social Security office didn't send the new file to the IRS.

Evidently you have to physically mail your return to the IRS for them to actually investigate why they can't find it.

[Gan]

Not very much to complain about fyi.


Stats > Economy > Total tax burden (per capita) THE LEAST IN THE NATION!!!
#50 Texas $1,368.45

Stats > Education > Postsecondary > Number Of Institutions > Public
#2 Texas 109

Stats > Education > Postsecondary > Degrees Awarded > Bachelors
#3 Texas 85,539

Stats > Education > Postsecondary > Degrees Awarded > Masters
#4 Texas 30,549

Post your source plz.

Additionally Texas is the 2nd largest populated state in the nation based on 2005 estimates, right behind California. So the cost per capita being low is understandible. (http://www.census.gov/popest/gallery/maps/Maps_State2005.xls)

Furthermore, since the cost per capita is so low, it would be even more reasonable for those who are sending their children to public schools be responsible for supporting the public school institution, especially in large metropolitan areas where a large majority of school children live in rented domiciles.

I bet you cant give me a logical reason why they should not...

[Jorddyn]

No state taxes in Texas either. :)
I understand that this is 'doing ones part' to help prop up our esteemed public school system. However, WHAT ABOUT ALL THE FUCKERS LIVING/RENTING IN APARTMENTS WITH 3/4/5 CHILDREN ATTENDING PUBLIC SCHOOL AND THEY'RE NOT PAYING A DAMN DIME IN SCHOOL TAXES. :( /end rant

I think they should have an appropriate renters tax equitable to a % of monthly rent paid that should be added for school taxes so the burden is not solely upon those who own a home.

Do you think that their landlords don't include property taxes when calculating the rent they're going to charge?

Jorddyn, just curious

[Gan]

Yes, landlords pay a property tax. But since its considered commerical property there is no school tax associated with it. I'm going to see if I can confirm this, since I'm going on the word of mouth of a fellow colleague with regards to commercial property and their inclusion in the payment of school taxes.

School taxes originate from the ISD home office, whereas property taxes originate from the county tax assessor. Two seperate taxes going to two seperate entities, for two very seperate purposes.

Edited for a correction:

AH HA! It seems that I was incorrect in my earlier sentiment. Businesses in Texas pay a property tax AND a school tax, issued seperately and filed seperately, providing that all net value of said business is greater than $500.00. That said, it seems that rental property is assessed school taxes in addition to property taxes, and as Jorddyn stated, it would seem logical that the tax would be pass through in nature and included in the lease fees for rental of said property. I received this information from a lawyer's website (http://www.texas-property-taxes.com/business.html).

I will now pick myself up off the floor from having my soap-box thoroughly yanked out from underneath me. :(

[Stanley Burrell]

I'll just continue to put my extra source of bank robbing income on all of my statements as being derived from "gambling."

That is once I receive my second collegiate degree followed by what I'd like to prolong to at least 6-7 years of graduate schooling and am qualified for taxing, at that.

I also worked 1-hour shifts for 2 weeks for many summers at C-Town as a cashier... starting at around age 12-ish... so I hopefully I'll be eligible to retire by means of social security around now-ish.

Stanley Burrell.

[Sean of the Thread]

Edited for a correction:

AH HA! It seems that I was incorrect in my earlier sentiment. Businesses in Texas pay a property tax AND a school tax, issued seperately and filed seperately, providing that all net value of said business is greater than $500.00. That said, it seems that rental property is assessed school taxes in addition to property taxes, and as Jorddyn stated, it would seem logical that the tax would be pass through in nature and included in the lease fees for rental of said property. I received this information from a lawyer's website (http://www.texas-property-taxes.com/business.html).

I will now pick myself up off the floor from having my soap-box thoroughly yanked out from underneath me. :(

Oh I think you mean as Xyelin stated (first)

>>"I'm not certain but my guess is the owner's of the rentals are paying taxes and thus keep it moving on down the line. Would make sense.<<

Have no fear my super source is accurate. I wasn't trying to bust your balls really but the topic of school taxes (and not wanting/understanding why we pay them and or complaining) always gets me on the soap (opera) box as well.