- captain organic wrote:
- Cu Bu wrote:
- I am sure alot of this is trust money hence a lower rate of taxes. I also understand our president wants to raise taxes on people in his tax bracket but it would go along way if some of these guys would cut a check to the IRS. Most of my income is taxable at more than double the rate he pays, seems wrong on many levels.
I made $43K(including 8K in rental income) paid $4500 in taxes during the year, after writing off mortgage interest, school loans and property taxes I got back $2k. So $2500 in fed taxes. This does not include SS Medicare and the like, but overall I do not feel over taxed.
But as a politcal point Obama, and other wealthy lib politicians should cut a check to the IRS as if their tax desired rates were in place.
I paid over 45k to fed not counting
short term taxes on my investments I made over 250 trades in 2012
captial gains on an investment i sold which i held more than 1 yr.
My daughters 529 was not deductible because its not an "oklahoma 529" fuck me for having USAA I was able to deduct mortgage interest but i only have 15 yr mortgage at like 3% so not much help(again glad I made sound investment but still disparaging)
I do feel heavily taxed but also blessed to be in the position to be taxed however I am struggling with the thought that my Government is a good steward of my tax dollars!