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2013 Taxes...What'd you pay?

Discussion in 'The Okie Corral' started by XDRoX, Feb 16, 2014.

  1. XDRoX

    XDRoX

    6,586
    2,467
    Jan 24, 2009
    San Diego
    Wife just did the taxes. I made $75k.
    We ended up paying just shy of $3600. This is for both fed and state combined.
    Not bad I guess. Maybe I have been voting wrong all this time?
     
  2. fnfalman

    fnfalman Chicks Dig It

    51,478
    3,834
    Oct 23, 2000
    California & New Mexico, US
    I'm confused. You paid in an additional $3600 after your tax forms were done? Or you paid a total of $3600 for the whole year?
     

  3. XDRoX

    XDRoX

    6,586
    2,467
    Jan 24, 2009
    San Diego
    I paid a total of $3600 for the whole year.
     
  4. 8-Ball

    8-Ball Old SoulSoul

    3,916
    15
    Aug 30, 2004
    Illinois
    Ummm... I made significantly less than you and I paid over four times that. How did you manage that?
     
  5. fnfalman

    fnfalman Chicks Dig It

    51,478
    3,834
    Oct 23, 2000
    California & New Mexico, US
    Jesus, you have like ten kids to write off?
     
  6. Zonny

    Zonny

    10,546
    1,128
    Apr 22, 2006
    Tempe, Arizona
    5% tax bracket? Must be nice.
     
  7. Michael Rye

    Michael Rye

    1,730
    142
    Oct 8, 2012
    SC
    This can't be right. A lot of info is missing here.
     
  8. XDRoX

    XDRoX

    6,586
    2,467
    Jan 24, 2009
    San Diego
    So I'm not crazy. I knew it sounded good.
    I have three kids and a wife that doesn't work, I guess that's what did it?????
     
  9. XDRoX

    XDRoX

    6,586
    2,467
    Jan 24, 2009
    San Diego
    Maybe I'm not calculating something right. I looked in box 1 and I assume that's what I made. $75k.
    I looked in boxes 2 and 17 to see what I paid in fed and state taxes. I subtracted that number from our return that we are going to get. Ended up paying $3600 total for the year.
     
    Last edited: Feb 16, 2014
  10. Jackalo626

    Jackalo626

    777
    0
    Jan 29, 2010
    Not sure what you did but the tax code is built in tiers and unless you have significant deductions then this doesn't add up. I have a couple members of my family that are CPA's.
     
  11. 686Owner

    686Owner NRA Life Member

    12,473
    1,543
    Mar 10, 2007
    KY
    Does that include local taxes (city/county?) What about real estate taxes?

    Either way, I made less and paid more in taxes.
     
  12. XDRoX

    XDRoX

    6,586
    2,467
    Jan 24, 2009
    San Diego
    We deducted our property tax, mortgage interest, and expenses for our rental. That and three kids and a wife that doesn't work and this is what it came out to :dunno:
     
  13. 8-Ball

    8-Ball Old SoulSoul

    3,916
    15
    Aug 30, 2004
    Illinois
    If you don't mind me asking, how much did they take out for fed and state?
     
  14. Michael Rye

    Michael Rye

    1,730
    142
    Oct 8, 2012
    SC
    This isn't adding up. Taking your tax return out of the conversation for a sec, you make 75k a year? You live in San Diego? You have three kids and a wife who doesn't work?


    How in the world do you afford to live on what you make? Do you have money from an inheritance or something?


    75k is just not a lot of money, especially for that location and your situation.


    Just curious.
     
  15. Zonny

    Zonny

    10,546
    1,128
    Apr 22, 2006
    Tempe, Arizona
    You'd better run those numbers again. Something's wrong. Did you have huge medical bills? You have a large mortgage? A big loss? Did you use tax prep software?
     
  16. XDRoX

    XDRoX

    6,586
    2,467
    Jan 24, 2009
    San Diego
    I also want to know if we did them correctly. It sounds too good to be true. Our return is going to be $12,852. I paid $16,452. Looks like I need to have them take out way less next year.
     
  17. Zonny

    Zonny

    10,546
    1,128
    Apr 22, 2006
    Tempe, Arizona
    Has no bearing on his tax obligation.
     
  18. XDRoX

    XDRoX

    6,586
    2,467
    Jan 24, 2009
    San Diego
    No medical bills. Very little mortgage. Well little for San Diego. We are 10 years into our 30 year loan. We owe around $250k on our house. Our rental house is paid off. My wife used TurboTax.
     
    Last edited: Feb 16, 2014
  19. Zonny

    Zonny

    10,546
    1,128
    Apr 22, 2006
    Tempe, Arizona
    What was your situation last year? Compare them.
     
  20. 8-Ball

    8-Ball Old SoulSoul

    3,916
    15
    Aug 30, 2004
    Illinois
    My question was out of curiosity.