Nobody likes to pay taxes. This is the thread to complain so those of us who don’t want to read about your excessive taxes don’t have to do that. The thread can be skipped.
This thread is like citygirlsmom’s thread where you can get the tax issue off your chest.
No politics though. The taxes have to affect your family.
I will start. My daughter is disabled. If she makes more than $1020 a year, her tax rate is approximately 57%. She is going to make about $2,000 this year.
57 percent tax rate on $980.
Plus…her income has to be reported every month. Last year she was audited twice. She has been audited once this year. Just had to provide information. It was very quick.
My daughter does get $609 a month because she qualifies for ssi.
As a government employee I never complain about the taxes I pay.
Income taxes only make up 52% of the Federal budget so if you consider that plus our deficit spending none of us are paying for the services we receive. I do not care what your federal tax rate is. You receive more in benefits than you pay for.
I just read that group homes cost $100 to $250 a day! My son has to pay only $425 a month - Medicaid pays the rest. So I really have no right to complain about taxes at all! I am thankful there is a good place for him.
^^ You don’t have to pay more because you paid state taxes, you’re paying more because you’re deducting state taxes.
My kids live in a very high cost of living area. They have to pay almost $40,000 a year for child care. The dependent care credit is $600. Yeah. That will help. And no. I don’t even think it should be higher. It’s a choice they made. And they don’t get a child tax credit because they make too much. And their exemption amount is limited. So is their student loan interest and when the kids get to college, they won’t qualify for a tuition credit either.
Compared to DStark’s though mine is trivial. I feel so sorry for the low income taxpayers. Or those whose social security is taxed if they make too much. Or those who lose the Earned income credit.
VeryHappy, anything over $85 a month in income…my daughter has to pay the government 50 percent. Then she pays other taxes which are about 7 percent of her income.
MaineLonghorn, nice.
3bm103, this thread is for venting…or for being thankful.
“Income taxes only make up 52% of the Federal budget so if you consider that plus our deficit spending none of us are paying for the services we receive. I do not care what your federal tax rate is. You receive more in benefits than you pay for”
Hmm, how do you figure that? A person paying 10 million in taxes may receive the same amount (or less) in benefits than the person paying 10 dollars. How do you figure the 10 million dollar person is receiving more than 10 million dollars in benefits?
"I will start. My daughter is disabled. If she makes more than $1020 a year, her tax rate is approximately 57%. She is going to make about $2,000 this year.
57 percent tax rate on $980.
Plus…her income has to be reported every month. Last year she was audited twice. She has been audited once this year."
That is not only some sort of insane government policy, but borderline criminal.
I do not mind to PAY taxes. What I really hate is to FILL out the tax forms. Software helps a bit, but I still need to find all info and dig up the statements from all accounts.
“Busdriver11, ok…but let’s keep this on personal complaints.”
Okay, then. Can I make a personal complaint against you?
I agree with you, Bunsen. I so hate filling out the forms, actually collecting the records is the worst thing ever. The day that I spend doing that is one of the most miserable days of my entire year. I know I could avoid it all and just file the short form, however, that would be downright stupid, and if you have to pick stupid or miserable, I guess I’ll pick miserable.
A person paying 10 million in income taxes is getting services from the government that the person paying $10 never gets.
Flying, overseas travel, banking safeguards plus other financial industry safeguards. Infrastructure, security at airports here and overseas. Safer overseas countries because of US aid. The person at $10 could care less if the guy paying $10 million can travel to or do business in another country. taxes make that possible.
My issue: something complicated my CPA doesn’t handle. Nor could the attorney advise. He sent me to a specialist CPA, who’s just as baffled and is now consulting a higher level of tax attorney. I looked at IRS info myself- and they are grey: in the case of [my situation,] you may be able to do X and you may be able to do Y.No further explanation. Just, here are two ways. But everyone assures me, if we do it wrong, they may come after me.
By the time it’s done, I wonder if fees will eat up the refund.
I’d better not argue with you tom, don’t want to make dstark unhappy. However, your premise has to rely on too many general assumptions about peoples lives. Everyone’s life has value, no matter what you make, no matter what you pay. In fact, one of my son who pays nothing in taxes except for miniscule social security dollars, has much more value to his life than mine does. He has many more years to live, and an act of terrorism can take out anyone, anywhere.
However, I guess this thread is for specific situational complaints, not philosophizing!
lookingforward, I hate that stuff!! I usually pick the route of the least resistance: if path Y makes me pay y, and path X makes me pay x, and y is greater than x by the amount I have to spend to figure out the route I need to take, I pick the one that gives the IRS more money, y.
@3bm103 - I completely understand that my AMT bill it is related to deductions but the reality is that I paid a boat load of state tax. i’d be thrilled to pay less state tax and then I wouldn’t have to pay AMT.
But if you paid less state tax, you’d pay higher federal tax. If, for example, you lived in FL and paid no state income tax you’d pay no AMT, but you’d pay higher income tax. AMT isn’t increasing your Federal tax, just disallowing some of your deductions.
@3bM103 - In line with the original poster’s comments, I made tongue in cheek complaint about the irony of having to pay more taxes because I paid too much of another kind of tax. I never said I wanted to pay zero tax. It would have been nice to hit the income/taxes/deduction sweet spot. But, I didn’t. This is a venting thread not a nit pick thread. I was venting.
I agree. You would lose it in Federal tax anyways, if they weren’t taking it away based on the AMT. It would be great to pay less state taxes, but as far as Federal goes, they’re either going to take it from you via the AMT or on your overall tax rate anyways. I’d imagine that it is a wash, if you aren’t getting any deduction for it.
Edit to add, after reading deega123’s last post, I also didn’t realize it was an ironic comment.
