Re: Taxes make me angry...
 

Paying federal taxes makes me angry too. I would be less angry if I felt like I had more of a say in what my taxes were spent on, but mostly it just goes to wars and oil companies and other things I oppose. I continue to pay the taxes because it would be illegal not to but I sure as hell am not happy about it.

I feel better about paying local taxes because I see where those things are going and I tend to support how they are used: schools, roads, hospitals, etc.

Re: Taxes make me angry...
 

Ok who stole my handgun pic and replaced it with that dog pic?

Indy

Re: Taxes make me angry...
 

I'll see you on December 24 baby.

Re: Taxes make me angry...
 

[ QUOTE ]
Ok who stole my handgun pic and replaced it with that dog pic?

Indy

[/ QUOTE ]

He did.

Re: Taxes make me angry...
 

[ QUOTE ]
liberty is not an illusion. Not with the right to bear what u see below:
http://www.aubreyturner.org/armory/pics/glock_left.jpg

[/ QUOTE ]

Oh the pic is broke, my guess is you are refering to your constitutional right to wear short sleeved t-shirts? I have no complaint with this, I just don't want that [censored] here.

Mack

Re: Taxes make me angry...
 

[ QUOTE ]
If you are really paying the IRS 35% of your income, you're doing your taxes wrong. Even if you took NO deductions, you'd still only pay 35% on the PORTION of your income that is in the 35% tax bracket, not the entire income.

Cry me a river and then go read the code.

[/ QUOTE ]

Ive read these instructions up, down and sideways and I dont see anything about this. I plan to use a CPA, but still can you explain more.

It says if you are over 100K you need to use the tax computation on page 77

if over $326,450 then x.35 -$19,530.

it doesnt speak anywhere about portions, but I sure as hell hope you are right!

Re: Taxes make me angry...
 

i downloaded a tax software and it is also not using portions and taxing me at the 35% rate for all income??

very confused now, please help [img]/images/graemlins/confused.gif[/img] [img]/images/graemlins/confused.gif[/img] [img]/images/graemlins/confused.gif[/img]

ive downloaded a second program and it is also taxing me at .35 -19450 for all income, not using portions, although i see what you are getting at. very interested now!!

Re: Taxes make me angry...
 

[ QUOTE ]
There's no escape unless you renounce citizenship.

[/ QUOTE ]

This isn't right. My wife is a US citizen and she doesn't pay US taxes (she lives in the UK) on her income over here, just on things like interest she gets paid on a US bank account she still has. She did have to pay some US taxes on her UK-earned income for a while when she first moved here, but not after a fairly short period of time.

Given that you have to pay taxes wherever you are legally resident, wouldn't this mean all US citizens living abroad would have to pay taxes twice? Noone would ever live abroad if that were the case.

Re: Taxes make me angry...
 

Presumably this is why she doesn't have to pay:

IRS: foreign earned income

Foreign-earned income of up to US$80,000 is exempt if you live abroad.

Seems bizarre to me that otherwise (and above that) you have to pay.

Re: Taxes make me angry...
 

550,000(.35)-19,500 = 173,000 = 31.4%??