VaultNetwork.netVault Network Boards
Author Topic: If you (legally) only pay half of what you're taxed to the government [Locked]
Scarne  4 stars
Title: Capo di Scientifico
Posts: 1,087
Registered: 2001-7-23 15:24:34
Darkblade_The_Great posted:

Like I said. I am not trying to be mean but if you are not itemizing you probably don't make enough money for it to really matter all that much.


How much money do you need to make for itemizing to matter?

 

-----signature-----
E Pluribus Unum
GrilledCheez  4 stars
Title: The Lord's Balls
Posts: 1,060
Registered: 2006-3-22 11:06:32
hahaha skonk.

Quit burning the anti math n00bs.

 

-----signature-----
Another word for expensive is successful.
sweeny_comodore  4 stars
Posts: 1,216
Registered: 2007-8-23 18:47:04
Scarne posted:

Darkblade_The_Great posted:

Like I said. I am not trying to be mean but if you are not itemizing you probably don't make enough money for it to really matter all that much.


How much money do you need to make for itemizing to matter?



its not so much the amount you make as it is the amount you can deduct.
if you dont own a home or have children then itemizing wont make a bit of difference

 

-----signature-----
Jesus? No, but there is indeed a god shaped hole in the heart of man, why is yours so empty? -- snarf igraine
the original monotheism: http://en.wikipedia.org/wiki/Phallus
silvadel2  2 stars
Posts: 378
Registered: 2009-7-13 09:37:29
Tych2 posted:



I don't know a single person that doesn't try and pay the lowest amount legally possible. If you say otherwise you are a lair.



Eh -- there are some legal deductions that can lead to audits that are more trouble than they are worth. I am sure there are a lot of people who purposefully pay a little above the lowest amount legally possible.

 

-----signature-----
Lost postcount 17k; Lost years 9.6; Lost Title: Priceless
The most expensive things in life are free
Asheron's Call 3 // Horizons 2 -- Dragons of Dereth (one can always hope)
1920x1200 is a Monitor. 1920x1080 is a TV without a tuner.
Tych2  4 stars
Title: Obama Appointed Outpost Czar
Posts: 2,511
Registered: 2005-3-1 06:56:47
silvadel2 posted:

Tych2 posted:



I don't know a single person that doesn't try and pay the lowest amount legally possible. If you say otherwise you are a lair.



Eh -- there are some legal deductions that can lead to audits that are more trouble than they are worth. I am sure there are a lot of people who purposefully pay a little above the lowest amount legally possible.

Anything can lead to an audit. It's my business to know the tax laws. It's my business to know what will trigger flags. Yes I usually tell people unless it's a lot of money home in office expense usually isn't worth the trouble. There are work arounds.

People pay me good money to make sure they get every penny of theirs I can get back for them. I've not had a single person say I'll just pay whatever.

 

-----signature-----
We have enough youth. What we need is a fountain of smart.
Drill Anwar!
Kapie
Drevid in Tanks
Altra_Shadowstalker  4 stars
Posts: 1,266
Registered: 2002-1-17 11:48:15
Mitt Romney posted:

America is broken, our deficit is out of control, the answer isn't to raise taxes, it's to send your money to churches instead of the government.



So we should tax the middle class more to make up for church deductions?

 

-----signature-----
"Goddammit, Swearengen, I don't trust you as far as I could th'ow you, but I enjoy the way you lie."
I don't typo often, but when I do, I blame Swype.
Tych2  4 stars
Title: Obama Appointed Outpost Czar
Posts: 2,511
Registered: 2005-3-1 06:56:47
By the way, after 18 years this will be my last year doing taxes professionally. I will be selling my business in the spring. I am tired of fighting the powers that be in Massachusetts.

 

-----signature-----
We have enough youth. What we need is a fountain of smart.
Drill Anwar!
Kapie
Drevid in Tanks
Eager_Igraine  4 stars
Posts: 1,036
Registered: 2002-11-21 11:55:52
Tych2 posted:

By the way, after 18 years this will be my last year doing taxes professionally. I will be selling my business in the spring. I am tired of fighting the powers that be in Massachusetts.



Are you 'retiring' for the good life, changing careers or what?

 

-----signature-----
I radiate more heat than light.
I know what you're trying to do but you're just sailing another failboat over the falls. - imaloon1
Ptilk  4 stars
Title: Creepy old pirate
Posts: 2,359
Registered: 2002-2-13 14:52:58
I used to pay a guy to do my taxes. He fecked up big time and I ended up owing a crap ton of money.

I do my own taxes now and I don't deduct anything. Just pay whatever the amount it says based upon whatever amount I made. It's a hell of a lot easier and I don't really care about whatever amount I could "save" by jumping thru hoops and hoping I don't trip.
Tych2  4 stars
Title: Obama Appointed Outpost Czar
Posts: 2,511
Registered: 2005-3-1 06:56:47
Eager_Igraine posted:

Are you 'retiring' for the good life, changing careers or what?

To be honest I am not sure. We've recently decided this. I might just take some time off. I will still do taxes in some capacity.

 

-----signature-----
We have enough youth. What we need is a fountain of smart.
Drill Anwar!
Kapie
Drevid in Tanks

VaultNetwork.net is an independently operated community forum and is not affiliated with, endorsed by, or technically based on IGN, GameSpy, FilePlanet, GameStats, or the former IGN/GameSpy Vault Network.
References to VaultNetwork.net mean this site/domain. VNBoards-style presentation is a visual homage only. By using this site, you agree to the forum rules.