Oh Noes!

monster · 04-14-2012, 06:07 PM

We has to send a check with the State Tax Return for the first time in 11 years!

Fortunately, it's less than the Federal Tax Refund. So we're not out of pocket overall. But we probably couldn't even go out to dinner on the difference.

Of course that's what we aim for, but this is probably the closest to 0 we've ever been.

Next year, they've lowered the income boundary for property tax credit by nearly $40K -which loses us a $1,000 tax credit

UK tax is so much easier to deal with. Higher. But easier.

DanaC · 04-14-2012, 06:11 PM

Most of my jobs I've payed my tax through PAYE. Much prefer that. Comes out before I get the wage check.

monster · 04-14-2012, 06:24 PM

right. and it's all done.

Here, they take out money for tax (which you estimate using various worksheets/whatever), but at the end of the year, you have to do a reckoning and compare what you owe with what you paid. And it generally isn't a simple reckoning. There are simple versions available, but most people end up paying more if they use them. And you get penalized if you paid (withheld) below a certain threshhold.

monster · 04-14-2012, 06:32 PM

...for example, this year we opted to claim local sales tax rather than local income tax on our Federal Return, because we bought a new car, so got a bigger tax break that way because we have proof we paid wadges of local sales tax. Last year we got credit for installing an energy efficient patio door, and because there was some weird "making-work-pay" credit. neither of thos apply this year. Last year we paid $9 for online (out-of-state) purchases, this year $29, but better than the default $50.....

ZenGum · 04-14-2012, 08:27 PM

Makes you fond of the old "one thirde of all thine croppes" days, eh?

monster · 04-14-2012, 08:28 PM

yebbut I'd tax their e usage......

04-14-2012, 06:07 PM	#1
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	Oh Noes! We has to send a check with the State Tax Return for the first time in 11 years! Fortunately, it's less than the Federal Tax Refund. So we're not out of pocket overall. But we probably couldn't even go out to dinner on the difference. Of course that's what we aim for, but this is probably the closest to 0 we've ever been. Next year, they've lowered the income boundary for property tax credit by nearly $40K -which loses us a $1,000 tax credit UK tax is so much easier to deal with. Higher. But easier. __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

04-14-2012, 06:24 PM	#3
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	right. and it's all done. Here, they take out money for tax (which you estimate using various worksheets/whatever), but at the end of the year, you have to do a reckoning and compare what you owe with what you paid. And it generally isn't a simple reckoning. There are simple versions available, but most people end up paying more if they use them. And you get penalized if you paid (withheld) below a certain threshhold. __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

04-14-2012, 06:32 PM	#4
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	...for example, this year we opted to claim local sales tax rather than local income tax on our Federal Return, because we bought a new car, so got a bigger tax break that way because we have proof we paid wadges of local sales tax. Last year we got credit for installing an energy efficient patio door, and because there was some weird "making-work-pay" credit. neither of thos apply this year. Last year we paid $9 for online (out-of-state) purchases, this year $29, but better than the default $50..... __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

04-14-2012, 08:27 PM	#5
ZenGum Doctor Wtf Join Date: Oct 2007 Location: Badelaide, Baustralia Posts: 12,861	Makes you fond of the old "one thirde of all thine croppes" days, eh? __________________ Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl.

04-14-2012, 08:28 PM	#6
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	yebbut I'd tax their e usage...... __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

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