We figured that 35% of our income is goes toward taxes(sales, income, property) fees, and required insurance( home, auto and flood). Some of that income has already been taxed when we earned the income the first time. They get you coming and going!
We figured that 35% of our income is goes toward taxes(sales, income, property) fees, and required insurance( home, auto and flood). Some of that income has already been taxed when we earned the income the first time. They get you coming and going!
Only 35%?? LOL
Between our income, property tax, sales taxes, and other "fees", we figure we're somewhere around 45%.
My aunt, until this past election, has voted Democrat for decades.
So Obama's been touting the $8/check increase in pay because of his "tax cut," right. Well, she used the handy-dandy IRS calculator like usual to determine the approximate refund or amount due with next years taxes.
Because of this little $8 increase, she had to re-adjust her allowances or her normal tax refund would have become tax OWED amount of over $300!
Needless to say she's not too happy because, essentially, she hasn't received an $8 tax cut ... her taxes instead have been increased ... by quite a bit.
I always crack up at HR B second review add...they are horrible at taxes!!! I redid a HRB return that the owner of the franchise in our city did. Got the gal an extra $3K
While I realize not all stores are alike HRB, Liberty, HJ like to give tax courses in November then hire from their class. Chances are you are dealing with someone who this is their first year of doing returns. They know how to work the software, but they don't understand the first thing about how to reduce tax liability....legally!
Linear Mode
