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-   -   Money What are you going to do with your tax return money? (https://chiefsplanet.com/BB/showthread.php?t=290525)

LoneWolf 02-11-2015 06:29 AM

Quote:

Originally Posted by Buck (Post 11321314)
I owe $1800

You're doing it wrong.

Red Dawg 02-11-2015 06:36 AM

Take it and go get me a nice piece of ass.

Buck 02-11-2015 08:26 AM

Quote:

Originally Posted by LoneWolf (Post 11321681)
You're doing it wrong.


How do you know what I am doing?

|Zach| 02-11-2015 09:20 AM

Part of it for some camera gear and the other part for walking around money during a March trip to New York.

Fire Me Boy! 02-11-2015 09:32 AM

Quote:

Originally Posted by |Zach| (Post 11321761)
Part of it for some camera gear and the other part for walking around money during a March trip to New York.

What camera gear?

Fire Me Boy! 02-11-2015 09:34 AM

Would you be so kind as to chime in on this: http://www.chiefsplanet.com/bb/showp...&postcount=308

LoneWolf 02-11-2015 09:38 AM

Quote:

Originally Posted by Buck (Post 11321718)
How do you know what I am doing?

I don't, but if you are having to pay in $1,800 as a single person with an average job (I'm assuming that you aren't consistently in the upper tax bracket) then there are things you could be doing to lower your tax burden and keep more of your money in your pocket.

kepp 02-11-2015 09:45 AM

Quote:

Originally Posted by The God Hypothesis (Post 11321532)
Common misconception. Only the money earned beyond the new tax bracket is taxed at the higher rate. Everything under was taxed at the prior rate. It's called a progressive tax system for this very reason. It's always better to earn more.

Explain this to me then... When I added in my wife's W2 (she earned 25% of what I earned in '14) our federal return dropped by 60%. I don't see how that could have happened unless all our taxable income was taxed in the higher bracket.

notorious 02-11-2015 10:27 AM

Quote:

Originally Posted by kepp (Post 11321789)
Explain this to me then... When I added in my wife's W2 (she earned 25% of what I earned in '14) our federal return dropped by 60%. I don't see how that could have happened unless all our taxable income was taxed in the higher bracket.

Tell her to stay at home and make you a sandwich.

Rain Man 02-11-2015 10:33 AM

Quote:

Originally Posted by kepp (Post 11321789)
Explain this to me then... When I added in my wife's W2 (she earned 25% of what I earned in '14) our federal return dropped by 60%. I don't see how that could have happened unless all our taxable income was taxed in the higher bracket.

Sounds like she's not withholding very much. If you have a lower income (which presumably she does unless you're making $1m and she's making $250,000), then the default in most payrolls is that you won't be paying much or anything in taxes. So little or nothing gets taken out.

But she's not paying low taxes because her income gets stacked on top of yours. So she's actually paying a pretty high rate, and she's paying it on all of her income since your income has already sucked up the exemptions and deductions for the most part. So the little person with the green eyeshade wants a lot of tax money from her as the day of reckoning arrives.

RaiderH8r 02-11-2015 10:38 AM

Quote:

Originally Posted by Numbah One (Post 11321631)
Thinking a really high-end escort.

The kind that lets you finish in the butt? That is classy.

Pablo 02-11-2015 10:56 AM

Quote:

Originally Posted by RaiderH8r (Post 11321841)
The kind that lets you finish in the butt? That is classy.

She lets you finish and then squirts it back out into a martini glass to gargle in front of you.

Dinner and a show. Dinner for her. Show for you.

kepp 02-11-2015 11:06 AM

Quote:

Originally Posted by Rain Man (Post 11321836)
Sounds like she's not withholding very much. If you have a lower income (which presumably she does unless you're making $1m and she's making $250,000), then the default in most payrolls is that you won't be paying much or anything in taxes. So little or nothing gets taken out.

But she's not paying low taxes because her income gets stacked on top of yours. So she's actually paying a pretty high rate, and she's paying it on all of her income since your income has already sucked up the exemptions and deductions for the most part. So the little person with the green eyeshade wants a lot of tax money from her as the day of reckoning arrives.

So if my income took us to the edge of a bracket, all of her taxable income would be taxed at the higher bracket. And since her income was originally taxed at a much lower rate than the higher bracket, the difference is sucked back out of of the refund. I guess that makes sense. It makes me wonder if it would have been better to file individually instead of jointly.

ThaVirus 02-11-2015 12:15 PM

Quote:

Originally Posted by Pablo (Post 11321877)
She lets you finish and then squirts it back out into a martini glass to gargle in front of you.



Dinner and a show. Dinner for her. Show for you.


That is ****ing disgusting

aturnis 02-11-2015 12:42 PM

Sam Adams. To wash the taste of cigarettes and joker spit from my mouth. From the hooker and blow binge.


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