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2013 Taxes...What'd you pay?

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


  1. XDRoX

    XDRoX
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    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?
     

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  2. fnfalman

    fnfalman
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    Chicks Dig It

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    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
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    I paid a total of $3600 for the whole year.
     
  4. 8-Ball

    8-Ball
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    Drifting Cowboy

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    Ummm... I made significantly less than you and I paid over four times that. How did you manage that?
     
  5. fnfalman

    fnfalman
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    Chicks Dig It

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    Jesus, you have like ten kids to write off?
     
  6. Zonny

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    5% tax bracket? Must be nice.
     
  7. Michael Rye

    Michael Rye
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    This can't be right. A lot of info is missing here.
     
  8. XDRoX

    XDRoX
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    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
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    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.
     
    #9 XDRoX, Feb 16, 2014
    Last edited: Feb 16, 2014
  10. Jackalo626

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    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
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    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
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    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
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    Drifting Cowboy

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    If you don't mind me asking, how much did they take out for fed and state?
     
  14. Michael Rye

    Michael Rye
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    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
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    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
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    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

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    Has no bearing on his tax obligation.
     
  18. XDRoX

    XDRoX
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    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.
     
    #18 XDRoX, Feb 16, 2014
    Last edited: Feb 16, 2014
  19. Zonny

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    What was your situation last year? Compare them.
     
  20. 8-Ball

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    Drifting Cowboy

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    My question was out of curiosity.