View Poll Results: Fed Income Tax you Paid last year

Voters
41. You may not vote on this poll
  • 0

    3 7.32%
  • 0 to 500

    3 7.32%
  • 500 to 1000

    0 0%
  • 1000 to 1500

    0 0%
  • 1500 to 2000

    0 0%
  • 2000 to 2500

    2 4.88%
  • 2500 to 5000

    4 9.76%
  • 5000 to 7500

    5 12.20%
  • 7500 to 10,000

    6 14.63%
  • 10,000 12,500

    3 7.32%
  • Im Bruce I paid over 50,000

    7 17.07%
  • other

    8 19.51%
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  1. #1
    Sooner All-World olevetonahill's Avatar
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    Everyones taliking about taxes, Just how much do you Pay?

    Gonna do an anonymous Pole so wait for it. Talking JUST Fed Income tax Not State, or Capital gains and such.
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  2. #2
    SoonerFans.com Elite Member
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    $21063 in Fed on about 115k of income...on top of that I had the total SS since I am self employed, about 14k...

    Outside my business I have no other deductions...no rugrats or wifey...no interest deductions...

  3. #3
    Sooner All-World olevetonahill's Avatar
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    Quote Originally Posted by pphilfran View Post
    $21063 in Fed on about 115k of income...on top of that I had the total SS since I am self employed, about 14k...

    Outside my business I have no other deductions...no rugrats or wifey...no interest deductions...
    Not to derail this But you paid in 14K on SS. How in hell do people say Its an "Entitlement Program" It aint welfare peeps
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  4. #4
    Sooner All-Big XII-2-1+1-1+1 Soonerfan88's Avatar
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    After itemizing mortgage interest, real estate taxes, charitable deductions, and educational expenses to subtract about $10,500 from my taxable income, I was taxed $3670 for a reported effective rate of 9%.

  5. #5
    SoonerFans.com Elite Member
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    Beats me...but on 115k in income I pay nearly 50% with fed, SS, state, and sales taxes...

    And to make that 115k I have over a quarter mill invested in my business...

  6. #6
    Sooner All-World olevetonahill's Avatar
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    Quote Originally Posted by pphilfran View Post
    Beats me...but on 115k in income I pay nearly 50% with fed, SS, state, and sales taxes...

    And to make that 115k I have over a quarter mill invested in my business...
    Im sure you've said and I just ,missed it, But what business are you in?
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  7. #7
    SoonerFans.com Elite Member
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    Quote Originally Posted by olevetonahill View Post
    Im sure you've said and I just ,missed it, But what business are you in?
    Wholesale...just short of a mill a year in sales...

  8. #8
    Sooner All-Big XII-2-1+1-1+1 cccasooner2's Avatar
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    Quote Originally Posted by olevetonahill View Post
    Not to derail this But you paid in 14K on SS. How in hell do people say Its an "Entitlement Program" It aint welfare peeps
    Because we''re entitled to at least a small percentage of what we paid into it? Oh, I get it, we should just give it away, like Dean . Seems like walking away from 200-300k+ of contributions is nothing to some people. What a great investment.
    Mike Stoops: "F*ck me. " - Quoted during the FAMU game following the 1st quarter timeout for 12 men on field.

  9. #9
    SoonerFans.com Elite Member
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    Quote Originally Posted by cccasooner2 View Post
    Because we''re entitled to at least a small percentage of what we paid into it? Oh, I get it, we should just give it away, like Dean . Seems like walking away from 200-300k+ of contributions is nothing to some people. What a great investment.
    SS is easily fixed...

    Add two years to the minimum age limit...

    Bump the withholding limit to 140k and keep the current %...or cut the % down to 6% total and increase the max to 250k...

  10. #10
    SoonerFans.com Elite Member jkm, the stolen pifwafwi's Avatar
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    Quote Originally Posted by pphilfran View Post
    $21063 in Fed on about 115k of income...on top of that I had the total SS since I am self employed, about 14k...

    Outside my business I have no other deductions...no rugrats or wifey...no interest deductions...
    Heh, those were my quarterly estimated taxes 3 years ago

  11. #11
    SoonerFans.com Elite Member
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    Quote Originally Posted by jkm, the stolen pifwafwi View Post
    Heh, those were my quarterly estimated taxes 3 years ago


    i only work 20 hours a week...

  12. #12
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    I have no clue what I pay. My accountant handles everything, and last year my Federal return was ~$15K, and my state was ~$5K. It varies from year to year, but on average, my return is ~$20K.

    It'll change some next year now that I'm retired. I don't have to pay state tax anymore (being a CSRS retiree), and I'll gross a little less than I did when working.

    All I ask my accountant to do is be honest, be certain that I do not have to pay at the end of the year, and keep my fat *** outta jail. So far, so good.

  13. #13
    Sooner All-World StoopTroup's Avatar
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    Quote Originally Posted by C&CDean View Post
    I have no clue what I pay. My accountant handles everything, and last year my Federal return was ~$15K, and my state was ~$5K. It varies from year to year, but on average, my return is ~$20K.

    It'll change some next year now that I'm retired. I don't have to pay state tax anymore (being a CSRS retiree), and I'll gross a little less than I did when working.

    All I ask my accountant to do is be honest, be certain that I do not have to pay at the end of the year, and keep my fat *** outta jail. So far, so good.
    Thing is they don't want to put your fat *** in jail anymore....they don't want you to claim bankruptcy either. They want you to pay pay pay....that's all they want from us.

  14. #14
    SoonerFans.com Elite Member jkm, the stolen pifwafwi's Avatar
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    Quote Originally Posted by pphilfran View Post


    i only work 20 hours a week...
    I averaged 61

  15. #15
    SoonerFans.com Elite Member
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    Quote Originally Posted by jkm, the stolen pifwafwi View Post
    I averaged 61
    I probably avg close to 70 when I worked in the manufacturing/corp world...

  16. #16
    Administrator
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    I average...3?

  17. #17
    SoonerFans.com Elite Member
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    Quote Originally Posted by C&CDean View Post
    I average...3?
    You da man....

    Your current exercise routine consists of many reps of 12 oz curls...

  18. #18
    Administrator
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    No. I spend an average of 12 hours a day in a tractor. But I'm doing what I love, so it ain't work...

  19. #19
    Administrator
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    Besides, I ain't a beer geek at all. Whiskey is where it's at.

  20. #20
    >:( Peach Fuzz's Avatar
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    Re: Everyones taliking about taxes, Just how much do you Pay?

    Nothin like gettin a dui in a hay bailer

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