Absolutely raped by taxes
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Poast new message in this thread
Date: April 15th, 2025 12:59 PM Author: Frisky menage
I don't even want to talk about it. I got the Uncle Dave Special.
Pass me the fishing line.
(http://www.autoadmit.com/thread.php?thread_id=5710889&forum_id=2#48849418) |
Date: April 15th, 2025 1:06 PM Author: Frisky menage
$440k
$130k federal
(http://www.autoadmit.com/thread.php?thread_id=5710889&forum_id=2#48849449) |
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Date: April 15th, 2025 5:57 PM Author: kink-friendly sanctuary
Oh, so we're done talking about schools, roads, fire departments? Ok then.
Now switching topics to federal taxation. The fed funding is funding a bunch of total bullshit like Ukraine, Israel, etc. that we should reduce to $0. In reality, OP likely benefits very little from that and most fed spending.
(http://www.autoadmit.com/thread.php?thread_id=5710889&forum_id=2#48850443)
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Date: April 15th, 2025 7:35 PM Author: Federal Immigrant Newt
Do people actually have such high tax rates or are they just miscalculating?
Not counting the 1099 taxes for social security and medicare my wife pays, our federal tax rate is like 15% - and that's not even accounting for the fact that like $35,000 is knocked off tax free for 401k/HSA/childcare funds.
I feel like that's pretty reasonable given our true HHI is like $450,000.
(http://www.autoadmit.com/thread.php?thread_id=5710889&forum_id=2#48850731) |
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Date: April 15th, 2025 9:44 PM Author: Federal Immigrant Newt
Nah.
450,000 - less 401k = 400,000
less FSA and childcare = $385,000
less standard deduction = $350,000
let's call it $11k in taxes on first 100k and $22k on second 100k, 36K on last $150k - so that's 69k in taxes
Less 6k in child tax credits so that's 63k -
so that's 18% before you even get into other deductions (and 14% if you're including all your non-taxable income)
(http://www.autoadmit.com/thread.php?thread_id=5710889&forum_id=2#48851206)
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Date: April 16th, 2025 9:58 PM Author: Plum out-of-control cruise ship incel
26.26% tax rate here
$211k in taxes and $64k in late payments at the time of my return between federal and state. I stupidly sold some stock when I thought the market was going to crash in August.
(http://www.autoadmit.com/thread.php?thread_id=5710889&forum_id=2#48855488) |
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