This is getting annoying
Did Bush raise taxes again? My refunds keeps shrinking under his administration
- Thread starter Kurt Busch
- Start date
You have got to be kidding, right? Under Clinton, it was far worse than it is now. You shouldn't be getting a refund anyway, you should not be giving the Federal Government an interest free loan....
RTStabler51 said:
WHy, so the government can take even more?
2003 Silver
Banned
You can go live in Iraq...heard they don't have taxes there.
RTStabler51 said:
I think loopholes only work for Enron execs, but Ill give it a try
1268Melberger said:
I could but I'm not going to. Lot more fun to stay here and keep bitching about taxes and annoy people like you.
CLyons
New Member
Get married and have some kids that will increase your exemptions and lower your tax bracket. Although the cost of the kids and the wife could outwiegh the benefits of the tax break. A good way to lower your taxable income is to invest in 401ks or IRAs they count as a dollar for dollar credit against your taxable wages. Buying a house is another good way to lower your taxes because you can write off the interest. There are a bunch a different ways to increase your refund.
RTStabler51 said:
Yeah seriously. Although you'll techincally pay more you'll pay an exponentially decreasing percentage of your income (i.e. someone that makes 40K may pay 10K in tax and someone who makes 100K may pay 12K in tax/ 25% vs. 12%). I think everyone should claim they had losses from the hurricanes. Chances are your auto/home insurance increased as did you other aggregate consumer cost of living. Adjust for inflation. It's entirely legal if you can prove your insurance went up and you spent more money than you did the previous year. As far as capital gains go, prepare to pay unless you want to write the gains of for future years. I hate having to pay the price for being an investor.
WTF are you talking about?
CobraGuy99 said:
Wow, only took until the third post to blame Clinton. :lol: You guys don't even try anymore.
203Cree said:
No shit.. me too.
Hire an accountant, a good one and go from there. Once again, I'm getting a good amount of money back. Of course my home helps, a wife, kid, military pay (meaning only a certain amount of my income is taxed), etc. The money I pay my CPA once a year is well worth the amount I get back.
this year i got my best refund ever! i hope they renew the tax cuts.
Striped Snake said:
I'm just trying to show how the tax you pay is not directly proportionate to your income. I know those numbers aren't realistic I just used the for ease of calculation. Essentially, as income rises, percentage of tax paid decreases.
It absolutely does not. The percentage actually increases with each higher level of income.
Striped Snake said:
You're def. 100% wrong here. Notice the word percentage. Yes, you are paying more tax but its a smaller increment of you net income.
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