Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
Teamsters magazine cover "If Mitt Romney wins, we all lose" Who are you voting for?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="satellitedriver" data-source="post: 1040961" data-attributes="member: 1664"><p><strong>Re: Teamsters magazine cover "If Mitt Romney wins, we all lose" Who are you voting fo</strong></p><p></p><p></p><p><span style="color: #006400"><strong>You might need another tax preparer, also.</strong></span></p><p><span style="color: #006400"><strong>Based on a $70,000.00 income, and the available deductions described, by you.</strong></span></p><p><strong><span style="color: #006400">I will assume you are filing single and the deductions are based on national averages.</span></strong></p><p><strong><span style="color: #006400">Single= $5,350</span></strong></p><p><strong><span style="color: #006400">Charity= $1,000</span></strong></p><p><strong><span style="color: #006400">Mortgage interest = $5,000</span></strong></p><p><strong><span style="color: #006400">Property taxes= $2,500</span></strong></p><p><strong><span style="color: #006400">Union dues= $1,000</span></strong></p><p><strong><span style="color: #006400">These deductions bring your taxable income to$55,150</span></strong></p><p> <strong><span style="color: #006400">which equates to an effective tax rate of 14.3%</span></strong></p><p><strong><span style="color: #006400">Deduct the 401k deductions and the EFT goes lower.</span></strong></p><p><strong><span style="color: #006400">A $5,000 401k contribution would bring your EFT to 12.5%.</span></strong></p><p><strong><span style="color: #006400"></span></strong></p><p><strong><span style="color: #006400">Maybe, I should start a side business doing tax preparation.</span></strong></p><p><strong><span style="color: #006400">I need a catchy name...</span></strong></p><p><strong><span style="color: #006400"></span></strong></p><p><strong><span style="color: #006400"><span style="font-size: 12px">"Our<span style="font-size: 12px">s</span>, not The</span></span><span style="font-size: 12px"><span style="color: #ff0000">IRS</span><span style="color: #006400">.</span></span></strong><span style="color: #006400"><strong>"</strong></span></p><p><span style="color: #006400"><strong></strong></span></p><p><span style="color: #006400"><strong>Kinda got a ring to it.</strong></span></p></blockquote><p></p>
[QUOTE="satellitedriver, post: 1040961, member: 1664"] [b]Re: Teamsters magazine cover "If Mitt Romney wins, we all lose" Who are you voting fo[/b] [COLOR=#006400][B]You might need another tax preparer, also. Based on a $70,000.00 income, and the available deductions described, by you.[/B][/COLOR] [B][COLOR=#006400][/COLOR][COLOR=#006400]I will assume you are filing single and the deductions are based on national averages. Single= $5,350 Charity= $1,000 Mortgage interest = $5,000 Property taxes= $2,500 Union dues= $1,000 These deductions bring your taxable income to$55,150 which equates to an effective tax rate of 14.3% Deduct the 401k deductions and the EFT goes lower. A $5,000 401k contribution would bring your EFT to 12.5%. Maybe, I should start a side business doing tax preparation. I need a catchy name... [SIZE=3]"Our[SIZE=3]s[/SIZE], not The[/SIZE][/COLOR][SIZE=3][COLOR=#ff0000][/COLOR][COLOR=#ff0000]IRS[/COLOR][COLOR=#006400].[/COLOR][/SIZE][SIZE=3][COLOR=#ff0000][/COLOR][/SIZE][SIZE=3][COLOR=#ff0000][/COLOR][/SIZE][SIZE=3][COLOR=#ff0000][/COLOR][/SIZE][COLOR=#006400][/COLOR][/B][COLOR=#006400][B]" Kinda got a ring to it.[/B][/COLOR] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
Teamsters magazine cover "If Mitt Romney wins, we all lose" Who are you voting for?
Top