Taxes

Bla
Just stroked a check for $801 to the feds.

NC giving me back $100.

Why????????????

1040A requires 2 pages. NC requires 4 pages? Can you say paperwork reduction? Not NC.

Flipping all over that NC book. Tons of fun. OOO well, could have been worse. Could have had to stroke two checks.

For a guy who likes to just do the EZ form (I cannot because of my military retirement) you would think it would be easier to just get the money they want out of me throughout the year. I gotta do the 1040A with a lot of blanks in it. Trying to figure out how much I owe throughout the year is tough because the feds have a diffrent % to pay per $1,000 declared. Nightmare.

Flat tax or even the fair tax is easier to figure out then this abomination we have now.

Comments

Parm...I don't mind paying taxes

I just can't stand filing them. You're right. There has to be an easier way to figure what your fair share of the nation's tax bill is.



***************************
Vote Democratic! The ass you save may be your own.

Speaking of taxes ...

just got a thing from our county chair about NC property taxes and Senior Citiznes. It's about the Homestead Act changes.

Short story, if you're over 65, you make less than $25k/year and you own your home you qualify to get a property tax break. This is an effort to help shield low income older folks from escalating property values in fast growing areas. This is time sensitive. If you know a senior who can use help, they need to call their county tax office by June 1 to take advantage of this new measure. Here is the detail from her email:

While not all seniors will qualify because of income level ($25,000 or less)
those who most could use this will save in a big way.

Full text of the law and changes are here.(pdf)

"It is amazing what you can accomplish if you do not care who gets the credit." - Harry Truman

"They took all the trees and put them in a tree museum Then they charged the people a dollar 'n a half just to see 'em. Don't it always seem to go that you don't know what you've got till it's gone? They paved paradise and put up a parking lot."

I saw this, I read this

but I did not see what the benefit is to my mom.

She is 65, owns the .5 acre lot with a doublewide on it, and makes less then $25,000. She is drawing only SS.

She does qualify. Did I miss something?

The benefit is a reduction in her property tax bill

If she qualifies for the Homestead Exemption, she can deduct the value of the property she owns by either $25,000 or 50 percent of the value of the property, WHICHEVER IS GREATER! In other words, if her property is valued at $150,000, then she only has to pay property taxes on 50 percent of the value, or $75,000. She is in effect getting her property taxes cut in half.

Interesting, both Democratic candidates for governor have proposed increasing the Homestead Exemption income limit to $50,000 so that more people will qualify, and also freezing the value of the home once a person has lived in it for 20 years.

Didn't even know that! ... thanks, teepack

... both Democratic candidates for governor have proposed increasing the Homestead Exemption income limit to $50,000 so that more people will qualify, and also freezing the value of the home once a person has lived in it for 20 years.

I think that's only fair, honestly. Old folks who've paid their dues don't need to be penalized because they live in a place that all of a sudden becomes popular and starts to grow.

"It is amazing what you can accomplish if you do not care who gets the credit." - Harry Truman

"They took all the trees and put them in a tree museum Then they charged the people a dollar 'n a half just to see 'em. Don't it always seem to go that you don't know what you've got till it's gone? They paved paradise and put up a parking lot."

But you have to remember this

Every time you grant somebody a property tax exemption, you shift more of the burden to the folks who don't qualify for the exemption. So if the Homestead Exemption is expanded to include a lot more people and winds up costing counties and cities a lot of money, then that means they will have to increase the property tax on the rest of us just to make up for that reduced revenue.

Understand.

But older folks who planned on paying off their mortgage and retiring on SS are being pushed out of "newly discovered" fast developing places with skyrocketing property values (especially in our mountain region and along our coastal sound and river areas) and that just is not right.

Not to mention ... where do they go when they can't pay that increased property tax? Does the state/county/charities build more subsidized housing so they're not on the street or in rest homes? These folks planned well and they did all the right things. They are more than deserving of this small allowance. Besides, I think keeping that qualifying income level down will pretty much keep this benefit going to only folks who really need and deserve it.

"It is amazing what you can accomplish if you do not care who gets the credit." - Harry Truman

"They took all the trees and put them in a tree museum Then they charged the people a dollar 'n a half just to see 'em. Don't it always seem to go that you don't know what you've got till it's gone? They paved paradise and put up a parking lot."

I agree with you

Particularly your last statement - keeping that qualifying income level down ...

I am not sure that it needs to be increased to $50,000. The GA just increased it from about $18,000 to $25,000, and they've thrown in an inflationary factor to boot to take into account gradual increases. I think Perdue and Moore are both guilty of pandering in an attempt to win votes. Course, when they both make the exact same proposal (Moore had it first, by the way), then you have to wonder how they are going to distinguish themselves.

I'm sure someone at the tax office

will be much more helpful, but as I understand it your mom's property tax can be reduced by taking the value of her property and subtracting either $25k from it before calculating the tax she pays, or cutting the value of her property in half before calculating the tax she pays. I could be wrong or there could be other issues so I would really say you need to call her county tax office and get the facts.

"It is amazing what you can accomplish if you do not care who gets the credit." - Harry Truman

"They took all the trees and put them in a tree museum Then they charged the people a dollar 'n a half just to see 'em. Don't it always seem to go that you don't know what you've got till it's gone? They paved paradise and put up a parking lot."

WOW

Now that is a good thing! Going over to moms today anyways. This will be good news to her!

thanky. And I do feel that elderly citizens should get this kind of credit. Especially those that are just getting by.

Oh hell yeah

It's the boxes and the fact that you have to put numbers in them. I absolutely hate it. I don't mind the concept of paying taxes or my bills, but I absolutely loathe the process of filling out that form.

It's just sad.

And what's worse is that I am still so phobic about numbers (it's like a math thing) and what I regard as the enormity of the task that I STILL pay a ridiculous amount to have an H&R Block person do what is actually a very, very simple thing.

But I love the guy who does it, so at least I enjoy our conversation while he does the actually hitting of the computer keys.

All that is necessary for the triumph of evil is that good men do nothing
-Edmund Burke

just to be a pain in the rumpus

i never use capital letters and make marks all over the form. someone has to now manually input my return. puters hate all them extra marks. So it takes an extra month to get my return. I am doing my part keeping someone gainfully employed!

Make it hard on me will you!

Oh come on, it's not that hard

Parmea, if that's not an example of biting off your nose to spite your face, I don't know what is. Who ends up getting screwed in the process? You do, because it takes an extra month to get your refudn.

Taxes are a pain in the butt, that's for sure. But they ain't that hard to figure unless you got a lot of capital gains or something. I used a free online program to file my federal return this year and then bought their state version for about $10, and it was quite easy and I got my refund direct deposited that much quicker.

Next year, I will volunteer to do your taxes for you Brunette!

WOW Teepack!

Big talk, hon'!

I tole ya, I love my tax guy. If he retires next year, I'm going to hunt you down~

All that is necessary for the triumph of evil is that good men do nothing
-Edmund Burke

me and taxes just do not get along

when I was in the Navy, i had a few years where I forgot to file. well a lot of years. The feds owned me money. A few of those years, i went past the moritorum for filing and they would not pay me the money they owned me. no biggie. finally filed. Was a nightmare for them. Hey parmea, file your dam taxes so we can give you your money already. Naaaaaa, maybe next year. Keep that money on the books for a bit longer.

anyways, getting the money is not an issue with me or even paying the tax. The tax and inequity of taxation is what I do not like. Because I am single and work, I have to pay into the system so someone can spread her legs and eat bon bons all day with her hand out saying she aint getting enough. Over dramatization. but you seen em.

So yea, I will bite my own face just to be a pain to the tax system. A true enjoyment I have.

Speaking of offfensive

Gee, Parmea, nice to know where you're coming from on this.

Because I am single and work, I have to pay into the system so someone can spread her legs and eat bon bons all day with her hand out saying she aint getting enough.

This might be one of the ugliest, most ignorant posting comments I've seen on this or any other blog.

All that is necessary for the triumph of evil is that good men do nothing
-Edmund Burke

It is over the top

but when I am paying 33% of everything I make to taxes and then I pay even more when I buy stuff, yea I am ugly.

People who need help, I am not targeting with the bon bon statement. The people who abuse the system are the ones I am after. The lazy people. The selfish people.

I work so I can enjoy my life and I also realize that some of my hard work goes to lazy people. I do not like that.

What can I do about it? not much. Most I can do is make the bon bon reference and the baby factory comment.

On the outset of the comment, it seems ugly, but to me, it is accurate for some people. If those some people were working, yours and my taxes might be lowered.

This is a perceptional thing. I perceive this as happening. Probably my only prejudice. I just hate lazy people and those who abuse our generosity.

And I'm disgusted by generalizations like the one you made above

Your choice of words was despicable, and puts me in mind of the self-styled "prolifers" who refer to women just as you did.

I don't care how angry you are; the hatred you express is toxic.

I don't think I can adequately express the revulsion your post inspires, except to say that the effort pulls me down.

All that is necessary for the triumph of evil is that good men do nothing
-Edmund Burke

parmea

This is a perceptional thing. I perceive this as happening. Probably my only prejudice. I just hate lazy people and those who abuse our generosity.

At the outset of the comment, it does seem ugly. In fact, parmea, it is ugly. I don't think I've seen much uglier posted on this board. It is a prejudice I would encourage you to get over. You can't and don't know every person's situation. Try to take it on faith that most of the people who apply for and receive assistance truly need it, than the other way around. It will make you feel better about paying that tax bill.

Be the change you wish to see in the world. --Gandhi
Pointing at Naked Emperors

Please, I am not saying every person is doing this

I know every person is not doing this, they do not fall into this category. They do need help. I am not after that person. I am not commenting on that person. That situation.

I do have compassion for those who need help. I do not begrudge someone who needs or asks for help.

I made it a responsibility to watch out for my younger sailors to insure they had proper housing, food etc for their families. I did things to get them the help they needed when they ran into problems that they could not overcome on their own.

I have been part of the solution, not an outsider just blasting on women.

I have helped and been with women when they first applied for assistance. Been there, seen how hard it is to ask for help. to spill out your guts to a stranger and say "I cannot make it, please help me and my daughter". Then to watch and protect them until the assistance starts up. I still watch and protect them.

People like that, I gladly pay my taxes and hope others do also. I pay more by being there for them. I encourage them to continue utilizing the system because they need it.

The system was put in place for them. It was not put in place to take money from me. It is good that our country has programs that protect people. That assist in providing for the basic needs of life.

I do not have compassion for lazy people is all or people who abuse the system.

Speaking of compassion

I have to admit I can't find any for your plea here. Based on your lovely choice of words,

I have to pay into the system so someone can spread her legs and eat bon bons all day with her hand out saying she aint getting enough.

why should I not assume that you're one of the "some people" out there who routinely think of women in misogynistic terms?

I guess my reaction to this is similar to those who question the mindset of people who lose their tempers and resort to racial epithets. These people say, "oh I lost my head." Yeah, but it was in your head to think of people this way. That's why ya said it.

I guess you're just among one of those groups of "some people."

All that is necessary for the triumph of evil is that good men do nothing
-Edmund Burke

At this point

it no longer matters what I think. You have made an assumption of me that is wrong. Can I correct your opinion? no. You feel that as a guy, I automatically hate women. That I oppress them. That I do everything in my power to hold back women.

Ask someone in the Navy what was the percentage of women who were able to enlist in the Navy pre 1995. It was about 12%. Ask what is the percentage of women who can join the Navy now. It is way above that number. Ask about careers at sea for enlisted women. Ask about women getting into the electronic fields, etc. It is much wider open now. I helped women become stronger in the Navy. I was part of the group that made it possible for women to have a stronger role on ships. I helped flesh out the plan that enabled "gender neutral recruiting" which enabled women to get into fields that were either closed to them, or was opened to them but only at the same proportion of 12%. I made it so women who wished to join the Navy where encouraged to go into job fields that were not the typical fields for women. I helped set up the groundwork to shatter the notion that women were only good for administrative style jobs in the Navy. I helped make it so women could be in almost any job in the Navy.

The job I had at that time, I could easily have said it cannot be done, and no one would have been the wiser. It would have taken a few more years for enlisted women to have access to those fields. I had a chance to enable women to get into non-traditional jobs, and I helped make it happen. I also had the chance to make the Navy closer to gender neutral and I did my part.

You will call me a woman hater, but you have no clue what I have done to help all people to realize the goal of being created equal. I have acted to move people to all being equal.

I have had women who were in charge of me ask me how is it that I do not act offended when they require me to do something. After all, they are women. I explained that they are Navy Officers and I have sworn to obey her orders. They then stated, yea, we see that in you, but it does not bother you that I am a woman telling you what to do. Because that is the way I am. Women are equals.

You can assume all you want. your ass umptions are dead wrong.

I have done my part to make women equal. I have enabled women to come out of the shadows of the typical jobs and train in non-traditional roles. I have enabled women careers in the Navy that could have been closed to them. I do not hate women.

But none of what I have done for women matters. So be it. I will put my blinders back on.

Parm, try to keep this in mind:

The system was put in place for them. It was not put in place to take money from me.

The amount of your taxes that go to "entitlement" programs is roughly about a third. Of those programs, many of them are temporary in nature, and end up putting the individual helped in a better economic position. Meaning, they begin/resume contributing to the revenue pool.

When you see a report of 2 or 3 generations of Welfare mothers and the benefits they receive, and then compare that to your Federal taxes, you may be tempted to think that all your tax money is being consumed by people like that. Well, it's not. You're not even giving a whole penny to their entire neigborhood.

One word - TurboTax

Click-click-type a little-click-click.

Piece o' cake. Plus next year it will remember the info you typed in this year, provided you use the same computer o/c.

Person County Democrats

I actively oppose gerrymandering. Do you?