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Old 01-31-2013, 08:13   #41
okie
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Quote:
Originally Posted by Roering View Post
No federal change in 2012. States are a different story.

Okie,

Just looking at the Fed, was there a specific difference in your taxable income or a reduction in some tax credits, or less withholding perhaps?
I made about 1500 more dollars in 2012, other than that everything else is the same
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Old 01-31-2013, 08:15   #42
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Quote:
Originally Posted by Buki192327 View Post
okie my friend, you can eat off the McDonald's dollar menu 4 times.

I know it is not a steak or buffet, but you can still eat.
May I go to Wendy's instead
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Old 01-31-2013, 10:04   #43
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Quote:
Originally Posted by Sharkey View Post
How can "taxes " not have gone up? First paycheck of the year showed a 2% increase in the amount deducted from your check to pay into SS.

This is just a start.
I bet there will be a VAT tax by year's end. Some extra scratch has to come in, to keep up with all the spending going on. We are just paying on the interest of our natl. debt.
In addition to the 2% increase in the payroll tax for SS back to its original 6% before Obungler and his band of thieves started messing with SS, there is another tax change. I am retired and my wife is still working. In the past few years we have used the HCRA, Health Care Reinbursement Account, where she is employed. Under the old rules for HCRA we could have up to $2500 each put into the account for a tolal of $5000 that would not be taxed. This year we are limited to a total of $2500 for the both of us. So that is another $800 in Federal income tax we have to pay and we also have to pay State income tax on the $2500. Feeling it in my shorts I am! Really feel sorry for a working parent with a spouse and 2-3 young kids that now can only set aside tax free the $2500 instead of the $5k.
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Old 01-31-2013, 11:09   #44
G19Tony
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Quote:
Originally Posted by John_NJ View Post
You are smart to break even on your tax bill. Why give the government a free loan each year?


Posted using Outdoor Hub Campfire
I was going to say that too, Mark. Breaking even is the best deal. As John said, why give the .gov a loan every year.
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