You all will probably yawn at this, but I need to rant about my tax situation. I claim zero deductions for my wife and I, in fact we get a couple hundred taken out each month. We were saddled with huge graduate degree debt from my wife in excess of 6 figures, so we live pretty modest. Should be gone by years end…Rent is 1000k per month and we rarely go out to eat…I drive a 12 year old 205k mile car and my wife’s is 10 years old. So we are putting money towards loans. I got hit with a 9k tax bill last year, and 7k last year. Not sure what I need to do besides pop out some babies, buy a house, and put my wife back to part time/no time.[/quote]
FWIW, we paid over $18,000 in taxes last year, and will be paying ~$650/month in property taxes every month on top of that (which is the primary revenue source for those wretched public pensions).
Believe it or not, public sector workers are taxpayers, too! And they don’t get to deduct all those “business expenses” that non-W2 people do![/quote]
So I take it the $18,000 in taxes represents the 15% of the AGI from your lifetime public sector pension 🙂
I’m just kidding CAR…Just giving you crap…….
Peace. Have a nice weekend.
