- Joined
- Nov 7, 2010
- Messages
- 7,676
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- Location
- Your Head
- Gender
- Male
- Political Leaning
- Very Conservative
I still don't see how sales tax or property taxes are connected to April 15th. There are people who keep up with the amount of sales tax that they actually pay. Non-profit organization do this. I have heard of individuals who do that but they are extremely rare.
What is your motivation for keeping every single receipt and adding up the sales taxes that you pay? It seems absurd. To be honest I doubt that you did that.
Here is my personal situation:
Income from all sources = $33,016.66
Federal Income tax, Social Security taxes and Medicare taxes = $3,018.66
Federal Refund = $5,116.00
North Carolina Income tax = $1,133.16
North Carolina refund = $456.00
My federal taxes were at an effective rate of -6.35%
My state taxes were at an effective rate of 2.05%
My overall effective tax rate was -4.30%
I voted for the 6th and the 8th option.
Paid just under 30%.
Refund was in the neighborhood of $12,000.
We get a refund at the end of the year...well...we used to. But, adding the sales tax to an itemized return will save you hundreds to thousands of dollars. Some years it is the difference between writing a check and getting a check.
adding the sales tax to an itemized return will save you hundreds to thousands of dollars.
so you are part of Romney's 47% who need to get their life in order
Isn't this all a little personal? Damn, you guys are candid.
Has your spouse ever told you that you spend too much money?
Lol...no...it is the other way around.
I paid more, but, I made more...lots more, it was a good year.
I just find it a little odd, is all. Where I'm from, people are generally tight-lipped about their finances.So we should solve our nation's problems by lying? Should we try to ignore our problems because we never hear about them?
I hate liars. What I hate more than liars are those who bury their heads in the sand. How can we have a real discussion while bringing false data to the table?
What do you see as the biggest problem with me telling the truth about my tax situation? Presidential candidates divulge their personnel tax data without any harm coming to them. I honestly don't see the threat.
This.Unknown. Ask again on Oct 15th.
so you lent the government $12,000 this year interest free? Thank you.
We get a refund at the end of the year...well...we used to. But, adding the sales tax to an itemized return will save you hundreds to thousands of dollars. Some years it is the difference between writing a check and getting a check.
Yeah.
If I were more "financially savvy" I probably would have put that money in the bank and taken the $2.20 APY (total) it would have earned me over the year.
I itemize, but never thought of adding sales tax. I will be talking to my CPA about this. I keep every receipt I have for each year. Thanks for the tip.
so you are part of Romney's 47% who need to get their life in order
For most broke or undisciplined Americans it is a wise thing to use the federal government as a savings account.
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