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Re: income tax returns [Re: west river rogue] #7543765
03/30/22 10:23 AM
03/30/22 10:23 AM
Joined: Apr 2011
Posts: 1,099
Minnesota
Born Offline
trapper
Born  Offline
trapper

Joined: Apr 2011
Posts: 1,099
Minnesota
My wife and I are among the 43% carrying the water for the other 57% . We will be paying dearly again this year.


Help yourself.



Re: income tax returns [Re: west river rogue] #7543946
03/30/22 01:47 PM
03/30/22 01:47 PM
Joined: Mar 2007
Posts: 33,536
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 33,536
McGrath, AK
^^^^^^^^^^^^^^^ Welcome to the club !


Mean As Nails
Re: income tax returns [Re: white17] #7544049
03/30/22 03:40 PM
03/30/22 03:40 PM
Joined: Dec 2006
Posts: 9,790
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
B

Joined: Dec 2006
Posts: 9,790
East-Central Wisconsin
The top 10% of tax payers pay 71% of the tax, so the rest of us out of the 33% that pay benefit from their lion's share paid by the 10%.

Bryce

Re: income tax returns [Re: west river rogue] #7544119
03/30/22 04:56 PM
03/30/22 04:56 PM
Joined: May 2010
Posts: 151
MN
C
ceelmo.trap Offline
trapper
ceelmo.trap  Offline
trapper
C

Joined: May 2010
Posts: 151
MN
How many here have done the ID-Me thing took 3 times to get it done, big pain so whats the reason behind it,just red tape.

Re: income tax returns [Re: west river rogue] #7544132
03/30/22 05:09 PM
03/30/22 05:09 PM
Joined: Feb 2014
Posts: 2,073
East Texas
B
BTLowry Offline
trapper
BTLowry  Offline
trapper
B

Joined: Feb 2014
Posts: 2,073
East Texas
Wonder what a flat tax and anyone receiving gov assistance gets $0 would look like?

Re: income tax returns [Re: west river rogue] #7544180
03/30/22 06:04 PM
03/30/22 06:04 PM
Joined: Dec 2006
Posts: 9,790
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
B

Joined: Dec 2006
Posts: 9,790
East-Central Wisconsin
If we had a 4 trillion dollar federal budget and those who don't pay get no monies the amount that the rest of us would pay would take most of the income from those that earn middle class incomes up to probably upper middle class incomes. We talk a lot about all those subsidies, credits and give aways and lets say we lowered the federal budget to 3 trillion it would still take a ton of money from the middle classes.

Bryce

Re: income tax returns [Re: west river rogue] #7544483
03/31/22 01:28 AM
03/31/22 01:28 AM
Joined: Feb 2020
Posts: 4,585
Indiana
P
Providence Farm Offline
trapper
Providence Farm  Offline
trapper
P

Joined: Feb 2020
Posts: 4,585
Indiana
Bbliw our government has not had a budget in several administration's. Just continuing stop gap measures.

We have not filed yet guess we should get on it.

Last edited by Providence Farm; 03/31/22 01:39 AM.
Re: income tax returns [Re: west river rogue] #7544493
03/31/22 04:46 AM
03/31/22 04:46 AM
Joined: Jan 2008
Posts: 3,632
M.T.V. Alaska
Y
yukonjeff Offline
trapper
yukonjeff  Offline
trapper
Y

Joined: Jan 2008
Posts: 3,632
M.T.V. Alaska
Getting mine done today, Still not sure of the damages but its not going to be pretty. Good thing I put away that covid money so I can send most of it back now.

Re: income tax returns [Re: white17] #7544592
03/31/22 07:52 AM
03/31/22 07:52 AM
Joined: Mar 2007
Posts: 980
Midland, MI.
Seldom Offline
trapper
Seldom  Offline
trapper

Joined: Mar 2007
Posts: 980
Midland, MI.
Originally Posted by white17
^^^^^^^^^^^^^^^ Welcome to the club !
The tax bracket club awarded the wife and I the honor of jumping up into another tax bracket this year! No plaque for the wall though just staggering quarterly payments. Even though we’ve paid quarterlies for many years, they pale in comparison to this year’s. On the flip side, it was a unbelievable year in the market and if you want to play, ya gotta pay!


"A few want to know WHY, the majority appear to be satisfied just knowing HOW!"
Youtube Channel- �Seldom Fales�
Re: income tax returns [Re: Seldom] #7544659
03/31/22 09:24 AM
03/31/22 09:24 AM
Joined: Dec 2008
Posts: 2,724
MN
W
walleye101 Offline
trapper
walleye101  Offline
trapper
W

Joined: Dec 2008
Posts: 2,724
MN
Originally Posted by Seldom
Originally Posted by white17
^^^^^^^^^^^^^^^ Welcome to the club !
The tax bracket club awarded the wife and I the honor of jumping up into another tax bracket this year! No plaque for the wall though just staggering quarterly payments. Even though we’ve paid quarterlies for many years, they pale in comparison to this year’s. On the flip side, it was a unbelievable year in the market and if you want to play, ya gotta pay!


To be expected when a society is trained to despise and punish success.

Re: income tax returns [Re: west river rogue] #7544663
03/31/22 09:33 AM
03/31/22 09:33 AM
Joined: Mar 2009
Posts: 1,077
wantage n.j.
E
eric space Offline
trapper
eric space  Offline
trapper
E

Joined: Mar 2009
Posts: 1,077
wantage n.j.
I am 69 years old and never have I received a federal income tax refund. Even though I have tax taken from my pay or other income they always want more. This year $7,000.00 more. Reminds me of feeding a hog, Never satisfied. A few years ago on a snowy weekend in February the wife and I went over all our bills and finances. Conclusion was we pay about 60% of our income back to the feds, state or local government. So many of the bills we pay are almost 50% tax. Phone, electric and cable internet are over 50% tax, not including sales tax on everything we buy. Over $14,000.00 a year taxes on my house!

Re: income tax returns [Re: eric space] #7545075
03/31/22 04:27 PM
03/31/22 04:27 PM
Joined: Dec 2006
Posts: 9,790
East-Central Wisconsin
B
bblwi Offline
trapper
bblwi  Offline
trapper
B

Joined: Dec 2006
Posts: 9,790
East-Central Wisconsin
Which is why a tax on those that can pay would be very high. The percent flat tax for millions would mean they would have no money at all at current rates or they would have to receive the difference between what is owed and what they have as a subsidy. As we move further and further into very wide and high income disparities, resolving tax or revenue issues becomes much more difficult.

Bryce

Re: income tax returns [Re: Seldom] #7545083
03/31/22 04:41 PM
03/31/22 04:41 PM
Joined: Dec 2006
Posts: 1,201
MI
T
trappingthomas Offline
trapper
trappingthomas  Offline
trapper
T

Joined: Dec 2006
Posts: 1,201
MI
Originally Posted by Seldom
Originally Posted by white17
^^^^^^^^^^^^^^^ Welcome to the club !
The tax bracket club awarded the wife and I the honor of jumping up into another tax bracket this year! No plaque for the wall though just staggering quarterly payments. Even though we’ve paid quarterlies for many years, they pale in comparison to this year’s. On the flip side, it was a unbelievable year in the market and if you want to play, ya gotta pay!


Seldom I agree. Last year we paid the highest quarterly's ever. Just found out we fell shy a significant amount. Wife and I worked our butts off and made a pile of money. Beats the many years we worked as hard to just get by. Don't mind paying my fair share but not sure I agree with how "fair share" is defined.

Re: income tax returns [Re: west river rogue] #7545293
03/31/22 08:19 PM
03/31/22 08:19 PM
Joined: Jan 2007
Posts: 131
SW Idaho
Y
yousowise Offline
trapper
yousowise  Offline
trapper
Y

Joined: Jan 2007
Posts: 131
SW Idaho
Yep, usually paying a lot in taxes is a good thing.

Re: income tax returns [Re: yousowise] #7545309
03/31/22 08:28 PM
03/31/22 08:28 PM
Joined: Dec 2011
Posts: 2,944
ND
grumley701 Offline
trapper
grumley701  Offline
trapper

Joined: Dec 2011
Posts: 2,944
ND
Originally Posted by yousowise
Yep, usually paying a lot in taxes is a good thing.


crazy


Pure Blood
Re: income tax returns [Re: west river rogue] #7545327
03/31/22 08:42 PM
03/31/22 08:42 PM
Joined: Jan 2007
Posts: 131
SW Idaho
Y
yousowise Offline
trapper
yousowise  Offline
trapper
Y

Joined: Jan 2007
Posts: 131
SW Idaho
If you had to pay a lot, then you made a lot.

Re: income tax returns [Re: west river rogue] #7545330
03/31/22 08:44 PM
03/31/22 08:44 PM
Joined: Feb 2020
Posts: 4,585
Indiana
P
Providence Farm Offline
trapper
Providence Farm  Offline
trapper
P

Joined: Feb 2020
Posts: 4,585
Indiana
It hits home when I realized I had more taxes removed from my check that I used to make in a year.

Re: income tax returns [Re: west river rogue] #7545333
03/31/22 08:45 PM
03/31/22 08:45 PM
Joined: Feb 2014
Posts: 24,749
nm
A
adam m Offline
trapper
adam m  Offline
trapper
A

Joined: Feb 2014
Posts: 24,749
nm
I got my state right away my federal came today. 1.5 weeks.

Re: income tax returns [Re: west river rogue] #7545337
03/31/22 08:49 PM
03/31/22 08:49 PM
Joined: Mar 2018
Posts: 1,074
NC
T
Tailhunter Offline
trapper
Tailhunter  Offline
trapper
T

Joined: Mar 2018
Posts: 1,074
NC
Don’t let them take more than they require, then you never have to “worry” about how long it takes.

Re: income tax returns [Re: yousowise] #7545339
03/31/22 08:50 PM
03/31/22 08:50 PM
Joined: Mar 2018
Posts: 1,074
NC
T
Tailhunter Offline
trapper
Tailhunter  Offline
trapper
T

Joined: Mar 2018
Posts: 1,074
NC
Originally Posted by yousowise
Yep, usually paying a lot in taxes is a good thing.


That is never a good thing. Hire a better accountant.

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