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On your most recent tax filing, did you claim all your deductions?


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[Poll]

On your most recent tax filing, did you claim all your deductions?


Yes
  45% (5)
No
  54% (6)


Total Votes : 11
(last vote on : 3/30/2012 1:03:57 AM)
(Poll will run till: -- )
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On your most recent tax filing, did you claim all your ... - 3/28/2012 10:24:45 AM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline 		On your most recent tax filing, did you claim all the deductions and exemptions you knew the law allows you to claim?

_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)
Profile   Post #: 1
RE: Tax "Evasion?": On your most recent tax ... - 3/28/2012 10:27:00 AM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline 		Not all the deductions and exemptions are worth my time.

(in reply to DesideriScuri)
Profile   Post #: 2
RE: Tax "Evasion?": On your most recent tax ... - 3/28/2012 10:37:03 AM   
Hillwilliam


Posts: 19394
Joined: 8/27/2008
Status: offline 		Not quite all of them. Some deductions like the "home office" which I have but didn't claim are almost a guarantee of an audit. Even if they don't find anything, it's a pain in the ass.

_____________________________

Kinkier than a cheap garden hose.

Whoever said "Religion is the opiate of the masses" never heard Right Wing talk radio.

Don't blame me, I voted for Gary Johnson.

(in reply to Musicmystery)
Profile   Post #: 3
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 10:45:15 AM   
kalikshama


Posts: 14805
Joined: 8/8/2010
Status: offline 		Why do you ask?

I voted Yes, but was paid via W-2 and extra deductions weren't any issue.

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Curious about the "Sluts Vote" avatars? See http://www.collarchat.com/m_4133036/mpage_1/key_/tm.htm#4133036

(in reply to DesideriScuri)
Profile   Post #: 4
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 11:34:52 AM   
LaTigresse


Posts: 26123
Joined: 1/15/2006
Status: offline 		Of course.

I pay my accountant a nice fat paycheck to do the best for me he can. He is good and I appreciate all of his work. He is well worth the price. With the money I am getting back, my kitchen is getting an awesome new cooking centre. I will be able to bake cookies evenly again! And, no more microwave taking up counter space.

Not to mention, part of the refund will go towards paying the tax accountant!

< Message edited by LaTigresse -- 3/28/2012 11:35:41 AM >

_____________________________

My twisted, self deprecating, sense of humour, finds alot to laugh about, in your lack of one!

Just because you are well educated, articulate, and can use big, fancy words, properly........does not mean you are right!

(in reply to DesideriScuri)
Profile   Post #: 5
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 11:42:02 AM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: kalikshama
Why do you ask?
I voted Yes, but was paid via W-2 and extra deductions weren't any issue.


Just asking, kalikshama. I mean, if someone were to, perhaps, think that some aren't paying enough taxes, and still claim all the deductions he or she was currently legally allowed to claim, wouldn't that be a little bit hypocritical?

So, if I were make the claim that the rich should pay more than the poor, and take all my deductions and exemptions, would I be a hypocrite when I know there are others who are more poor than me? Obama took all his exemptions, even though he made the claim that he had hundreds of thousands of dollars he didn't need after paying taxes. If he had more than he needed, why did he claim the exemptions? He didn't need to. He didn't have to. He could have claimed zero exemptions and zero deductions. He could have paid more in taxes, but he didn't.

I didn't look at Biden's return so I can't make any comment on his. I haven't seen (and don't expect I would be able or allowed to) Warren Buffett's, so I don't know if he claimed all his deductions. His company is fighting a tax case where the IRS is claiming they haven't paid enough. I know Corporate taxes and personal taxes are usually separate, but it's still a general trend.

_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to kalikshama)
Profile   Post #: 6
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 11:43:56 AM   
Moonhead


Posts: 16520
Joined: 9/21/2009
Status: offline
quote:

ORIGINAL: DesideriScuri
So, if I were make the claim that the rich should pay more than the poor, and take all my deductions and exemptions, would I be a hypocrite when I know there are others who are more poor than me? Obama took all his exemptions, even though he made the claim that he had hundreds of thousands of dollars he didn't need after paying taxes. If he had more than he needed, why did he claim the exemptions? He didn't need to. He didn't have to. He could have claimed zero exemptions and zero deductions. He could have paid more in taxes, but he didn't.

Maybe he thinks that self righteous libertarians who've read too much Heinlein won't vote for him if he doesn't make a show of trying to weasel out of paying some taxes.

_____________________________

I like to think he was eaten by rats, in the dark, during a fog. It's what he would have wanted...
(Simon R Green on the late James Herbert)

(in reply to DesideriScuri)
Profile   Post #: 7
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 11:51:39 AM   
Hillwilliam


Posts: 19394
Joined: 8/27/2008
Status: offline 		Some deductions aren't taken because of the law of diminishing returns.

For instance, if I claim the home office deduction, My accountant has to spend more time which costs me more money and then it greatly increases the chances of an audit which costs me a half day of work for what? Maybe........... $30-$50? It's just not worth it.

_____________________________

Kinkier than a cheap garden hose.

Whoever said "Religion is the opiate of the masses" never heard Right Wing talk radio.

Don't blame me, I voted for Gary Johnson.

(in reply to Moonhead)
Profile   Post #: 8
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 11:52:45 AM   
Moonhead


Posts: 16520
Joined: 9/21/2009
Status: offline 		Chill, d00d. I was just making a crap joke about the Libertarian allergy to paying taxes, dig?

_____________________________

I like to think he was eaten by rats, in the dark, during a fog. It's what he would have wanted...
(Simon R Green on the late James Herbert)

(in reply to Hillwilliam)
Profile   Post #: 9
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 12:04:51 PM   
servantforuse


Posts: 6363
Joined: 3/8/2006
Status: offline 		I don't have anything to deduct. I am not part of the 49% that pays nothing and still gets money back.

(in reply to Moonhead)
Profile   Post #: 10
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 12:13:26 PM   
LaTigresse


Posts: 26123
Joined: 1/15/2006
Status: offline 		Fortunately for the federal government, I've been paying out the ass in taxes for 12+ years.

_____________________________

My twisted, self deprecating, sense of humour, finds alot to laugh about, in your lack of one!

Just because you are well educated, articulate, and can use big, fancy words, properly........does not mean you are right!

(in reply to servantforuse)
Profile   Post #: 11
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 12:44:10 PM   
littlewonder


Posts: 15659
Status: offline 		Yup...if I can take the deduction I take it. I saved all my receipts from repairing my home before I sold it so I could take every penny I could. I took deductions for selling it. I got money back for the first time in 15 years.

Until the law changes for the rich then don't be surprised if they take every deduction that's allowable. What human being wouldn't unless it's to their disadvantage?


_____________________________

Nothing has changed
Everything has changed

(in reply to LaTigresse)
Profile   Post #: 12
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 1:19:46 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: Hillwilliam
Some deductions aren't taken because of the law of diminishing returns.
For instance, if I claim the home office deduction, My accountant has to spend more time which costs me more money and then it greatly increases the chances of an audit which costs me a half day of work for what? Maybe........... $30-$50? It's just not worth it.


I understand completely.

_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to Hillwilliam)
Profile   Post #: 13
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 2:05:15 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: littlewonder
Yup...if I can take the deduction I take it. I saved all my receipts from repairing my home before I sold it so I could take every penny I could. I took deductions for selling it. I got money back for the first time in 15 years.
Until the law changes for the rich then don't be surprised if they take every deduction that's allowable. What human being wouldn't unless it's to their disadvantage?


If they are going to take every deductible allowable, they can't really complain about the rich not paying enough. Trust me, there is probably someone out there that is richer or poorer than you, if not both.

The thing that gets me most, is that the people who complain most about people not paying enough taxes take every chance they get to not pay taxes. I mean, what's up with that? How is it not hypocritical for someone to complain, especially if they are in the group they are labelling "rich," that the rich aren't paying enough taxes?

And, where anyone gets off complaining about the rich not paying their "fair share" I have no idea. "The rich" pay well more than their fair share. I apologize in advance for the smallness of the picture. It's more readable on the page.

http://www.financialsamurai.com/2011/04/12/how-much-money-do-the-top-income-earners-make-percent/
quote:

WHAT THE TOP 1%, 5%, 10%, 25% and 50% MAKE IN AMERICA

Based on the Internal Revenue Service’s 2010 database below, here’s how much the top Americans make:
Top 1%: $380,354 (20% of total AGI; paid 38% of Total Income Taxes)
Top 5%: $159,619 (34.73% of total AGI; paid 58.72% of Total Income Taxes)
Top 10%: $113,799 (45.77% of total AGI; paid 69.94% of Total Income Taxes)
Top 25%: $67,280 (67.38% of total AGI; paid 86.34% of Total Income Taxes)
Top 50%: >$33,048 (87.25% of total AGI; paid 97.3% of Total Income Taxes)


quote:



How is it, again, that the rich aren't paying their "fair share?"

http://www.heritage.org/budgetchartbook/top10-percent-income-earners

Very nice color chart showing that the top 1% have been paying an increasingly large percentage of total income taxes.

_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to littlewonder)
Profile   Post #: 14
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 2:28:09 PM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		Cuz you plain dont get it thats why.

someone say a family of four with an income of 34,500 pays 850 plus 15%.  What are the chances they have a good lot of deductions?  4 x 5000 dependents 20000 at 850 plus 15%. @25% base plus.

Now a guy that makes a million, pays a 100k and 35% of what he cannot deduct.  
@10% base plus.



_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to DesideriScuri)
Profile   Post #: 15
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 2:46:08 PM   
LaTigresse


Posts: 26123
Joined: 1/15/2006
Status: offline 		That math just might be too complex for him Ron.

_____________________________

My twisted, self deprecating, sense of humour, finds alot to laugh about, in your lack of one!

Just because you are well educated, articulate, and can use big, fancy words, properly........does not mean you are right!

(in reply to DesideriScuri)
Profile   Post #: 16
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 2:49:56 PM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		Or he doesnt understand percentage of AGI he is just looking at the percentage of all people who are taxed, and thinking, jesus?  A whale weighs more than a pound of gold?

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to LaTigresse)
Profile   Post #: 17
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 6:01:46 PM   
farglebargle


Posts: 10715
Joined: 6/15/2005
From: Albany, NY
Status: offline 		My last tax filing was NYS Sales tax, and there aren't any deductions on that form. There are CREDITS, but none worth discussing.

_____________________________

It's not every generation that gets to watch a civilization fall. Looks like we're in for a hell of a show.

ברוך אתה, אדוני אלוקינו, ריבון העולמים, מי יוצר צמחים ריחניים

(in reply to mnottertail)
Profile   Post #: 18
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 7:09:14 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: LaTigresse
That math just might be too complex for him Ron.


Can we possibly keep it away from personal attacks and simply keep it on topic?

That would be a refreshing change.

_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to LaTigresse)
Profile   Post #: 19
RE: On your most recent tax filing, did you claim all y... - 3/28/2012 7:11:33 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
quote:

ORIGINAL: servantforuse

I don't have anything to deduct. I am not part of the 49% that pays nothing and still gets money back.

Neither is anyone else.

(in reply to servantforuse)
Profile   Post #: 20
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