ugh taxes amirite
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10-04-2015, 10:53 PM
RE: ugh taxes amirite
(10-04-2015 06:57 PM)Adrianime Wrote:  All I have to say is, I bought my first house this year, so I figured with interest being deductible from my gross income, and keeping track of sales tax (you can deduct sales tax in WA) I could finally get a better deal than the "standard deduction."

So I spent all year, ALL YEAR, saving every receipt, and entering it into a spreadsheet I made which tracked date, business, sales tax amount. Then I stored these receipts in a safe place.

Tax times comes, and GUESS WHAT, the standard deduction was over $6000 IIRC, and since I bought my house in July, I had less than half a year of interest accumulated to go towards any sort of itemization. Even though I bought big ticket items for my new house (such as rugs, and over $2000 worth of furniture), my total amount was less than the standard deduction still! And of course my ROTH and 401K don't factor into this. Part of this has to do with my mortgage strategy which minimizes total interest paid.

*sigh*

So essentially I spent all year tracking receipts for nothing. Oh man was I pissed. And to top it all off I ended up owing about $100 bucks.

Dodgy

You actually did a smart thing by saving those receipts. Scan them into your computer. Should you ever decide to sell your house, anything you bought for it can be used as a deduction from any profit you make from the sale of the house. Even bags of dirt count. Every single thing you use towards the house that makes it an improvement can absolutely be deducted when you have to pay tax on your profit margin. The lower you can get that profit amount reduced by proof of your improvements, the less tax you'll end up paying.
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11-04-2015, 12:58 AM
RE: ugh taxes amirite
(10-04-2015 09:40 PM)earmuffs Wrote:  My employer deducts taxes out of my paycheck each week. That's how it's done here.
You can than claim tax refund if you've been taxed too much at the end of the financial year.

Businesses and independent contractors do their own taxes though and can apply for deductions for things such as petrol if it's a business expense.

Silly Americans with their silly system.
I wonder how much money you could save if everyone's employers just deducted it out of paychecks each week because it makes tax avoidance impossible (by employees that is, which is majority of the working population).
Most legitimate employers deduct tax from paycheck here as well.

I prefer fantasy, but I have to live in reality.
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11-04-2015, 07:21 AM
RE: ugh taxes amirite
We have tax withholding, so the govt takes money straight out of our paychecks, but we still have to do taxes at the end of every fiscal year to confirm any unreported income, claim any deductions, and to confirm that we have heath insurance (otherwise, there's an additional penalty, up to $285 per family) This is a new law because of the "Affordable Socialist Commie Muslim Fascist Care Act."

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11-04-2015, 07:36 AM
RE: ugh taxes amirite
(10-04-2015 06:31 PM)cactus Wrote:  
(10-04-2015 06:19 PM)The Polyglot Atheist Wrote:  Why Bangladesh? XD

because they drive funny cars

[Image: wpid-photo-27012013-520-pm.jpg]

We have similar ones in Italy too. Consider

[Image: Piaggio_APE_50_gruen.jpg]

孤独 - The Out Crowd
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11-04-2015, 07:37 AM
RE: ugh taxes amirite
(11-04-2015 07:36 AM)The Polyglot Atheist Wrote:  
(10-04-2015 06:31 PM)cactus Wrote:  because they drive funny cars

[Image: wpid-photo-27012013-520-pm.jpg]

We have similar ones in Italy too. Consider

[Image: Piaggio_APE_50_gruen.jpg]

Cool.. but I doubt those would be legal in the US....

Maybe as a motorcycle.......

.......................................

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11-04-2015, 07:56 AM
RE: ugh taxes amirite
I paid an accountant $55 to do my taxes for me.
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11-04-2015, 12:42 PM
ugh taxes amirite
(11-04-2015 07:56 AM)Drunkin Druid Wrote:  I paid an accountant $55 to do my taxes for me.

You must not have paid much in taxes. My accountant cost me over $1000.
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13-04-2015, 08:19 AM
RE: ugh taxes amirite
(11-04-2015 12:42 PM)KUSA Wrote:  
(11-04-2015 07:56 AM)Drunkin Druid Wrote:  I paid an accountant $55 to do my taxes for me.

You must not have paid much in taxes. My accountant cost me over $1000.

I pay pretty high taxes. The $55 is a flat rate. Everyone pays that.. You got fucked!
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13-04-2015, 08:59 AM
ugh taxes amirite
(13-04-2015 08:19 AM)Drunkin Druid Wrote:  
(11-04-2015 12:42 PM)KUSA Wrote:  You must not have paid much in taxes. My accountant cost me over $1000.

I pay pretty high taxes. The $55 is a flat rate. Everyone pays that.. You got fucked!

No. You had some H&R Block bullshit that is for the average non money making worker. I had to get a real accountant because I make a fuckload of money.
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13-04-2015, 10:01 AM
RE: ugh taxes amirite
(13-04-2015 08:59 AM)KUSA Wrote:  
(13-04-2015 08:19 AM)Drunkin Druid Wrote:  I pay pretty high taxes. The $55 is a flat rate. Everyone pays that.. You got fucked!

No. You had some H&R Block bullshit that is for the average non money making worker. I had to get a real accountant because I make a fuckload of money.

I didn't go to H&R Block. I won't talk about how much money I made last year working in the Alberta Oil Sands(but I can assure you I'm not a "non money making worker") because nobody cares.
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