11-16-2021, 10:58 PM | #1611 | |
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And, I'm hoping to avoid *any* at the higher bracket. Also there's AMT to worry about. It'll be all income no matter what, and even if I sold to cover the amount of income tax won't change. But I'd be left holding a single stock. Deductions are a joke now. I love paying taxes on my taxes. Could pay down the mortgage, it's tempting. At 3% and making extra payments it's pretty well in hand. Might save $10k in interest, but attempting to get things rolling so I can afford my next car means I'll try investing. Probably will beat 3%. "Lost" $15k failing to sell last week. Blah. Gambling sucks. I should pay off the house and put the rest under my mattress. I probably won't be able to afford TP let alone ever buy a car again.
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The Following User Says Thank You to cjd For This Useful Post: | Spuds (11-16-2021) |
11-16-2021, 11:19 PM | #1612 |
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a little good news, despite the fact that it has little bearing on any of us.
today i learned that britany spears conservatorship was dissolved. https://apnews.com/article/britney-s...830f2cb001d74c an article i saw earlier on bbc said that her dad had a salary of $16k/mo as the conservator, while britany was given an allowance of $2k/mo. https://www.bbc.com/news/world-us-canada-53494405 my hope is that conservatorship is a little easier to dissolve for others now with some sort of precedent, but i think the numbers/fame involved here are too big to really be of much use anywhere outside of the fantasyland of celebrities...
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11-16-2021, 11:20 PM | #1613 |
¯\_(ツ)_/¯
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I was an accountant. I never did tax work in my career, but I did have tax in college, and passed the CPA exam, so I know a little. So few people understand anything about tax. Too frustrating to try to educate. I refuse to engage anymore. Just smile and "how bout them Giants!"
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The Following User Says Thank You to Sapphireho For This Useful Post: | Dadhawk (11-17-2021) |
11-16-2021, 11:37 PM | #1614 | |
ProCrastinationConsultant
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oh, a totally completely unrelated question, what are you doing around late january?
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The Following User Says Thank You to soundman98 For This Useful Post: | Ultramaroon (11-17-2021) |
11-16-2021, 11:41 PM | #1615 | |
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Idk. Good luck? |
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The Following User Says Thank You to Spuds For This Useful Post: | Dadhawk (11-17-2021) |
11-17-2021, 08:25 AM | #1616 |
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TIL the US tax system is doing exactly what it has been designed to do by the ultra-rich banking elite: Confuse the American consumers so much that they simply give up and let a "tax professional" complete their taxes for them.....so that we can focus on more important things like catching Pokemon, crushing candies, and voting for the next American Idol.
Folks, there's a reason why the Internal Revenue Code is 10,000 plus pages long, growing every year, filled with double-speak legalese and forcing you to constantly turn (virtual) pages chasing code references back and forth just to find out how to report that penny that you found on the ground while walking through the park the other day. Nobody will EVER have enough time in their life to read and comprehend EVERYTHING in the code, and that's exactly what they wanted when they wrote it. Every American should read these three books, and if not all three, then at least the one on the right: |
The Following User Says Thank You to FR-S2GT86 For This Useful Post: | Wally86 (11-17-2021) |
11-17-2021, 10:02 AM | #1617 | |
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I do know people that file all their taxes by hand every year. I pay for the convenience of Turbo Tax software to do mine. For the average person, it really isn't all that complicated. |
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11-17-2021, 01:48 PM | #1618 | |
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And at this point mortgage interest doesn't help either, so really no value keeping the mortgage other than to maintain a banked cash buffer. We've managed to avoid dipping into it to make ends meet with some creative juggling just after all the lock-downs hit and it became clear the job search would be slowed... never imagining it would be this difficult to find a job! Some savings toward a bit of renovation went to the mortgage instead, then a recast. Cash buffer let me pay cash for the unexpected replacement BRZ a few years ago (since repaid); also made sure we could pay for the new HVAC we needed this summer - stuff like that. I'll take the loss in potential revenue (and the lack of risk) against the lack of headache... even though "we could be doing something with that money" I think this will be the last year with stock on a foreign exchange - huge headache on the taxes, but I think no gains so there's that. This is why I pay someone to do the paperwork now, though.
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The Following User Says Thank You to cjd For This Useful Post: | Spuds (11-17-2021) |
11-17-2021, 01:49 PM | #1619 | |
¯\_(ツ)_/¯
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Not sure about late January. Might go to Austin early January. Why do you ask? |
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11-17-2021, 01:53 PM | #1620 |
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Ugm, because he thinks you're a tax accountant?
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Visit my Owner's Journal where I wax philosophic on all things FR-S Post your 86 or see others in front of a(n) (in)famous landmark. What fits in your 86? Show us the "Junk In Your Trunk". Last edited by Dadhawk; 11-17-2021 at 03:33 PM. |
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11-17-2021, 02:37 PM | #1621 | |
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11-17-2021, 03:43 PM | #1622 | |
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I've been doing that. The first two years it was great because it was also a federal tax deduction as a charitable contribution, so you really ended up with no Georgia tax (although you still were out the money) and a refund from the Feds, meaning you got back money you had not spent. Feds caught on after two years though and now it is no longer a federal tax deduction. I still do it though, because one of the hospitals is in the health system where I work. Technically doesn't cost me anything and is a great benefit to them.
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Visit my Owner's Journal where I wax philosophic on all things FR-S Post your 86 or see others in front of a(n) (in)famous landmark. What fits in your 86? Show us the "Junk In Your Trunk". Last edited by Dadhawk; 11-17-2021 at 04:17 PM. |
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The Following User Says Thank You to Dadhawk For This Useful Post: | Spuds (11-17-2021) |
11-17-2021, 04:00 PM | #1623 | |
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The Following User Says Thank You to Spuds For This Useful Post: | Dadhawk (11-17-2021) |
11-17-2021, 04:18 PM | #1624 | |
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https://www.georgiaheart.org/
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