taxes

[Guest110920]

Owed over 7000 this year. Up from 6000 last year. And that's a drop in the bucket compared to the overall I paid through the year. Of course even though it's a lot to me it probably just pays for a tail fin on a missile or something.

The wonderful world of AMT (Alternative Minimum Tax). It's literally like "here's the amount of tax you were supposed to pay if we gave you the same deductions as most people - but you have to pay this (much larger amount) instead!"

[dtf2246]

I wish I was that lucky. With my relocation package and other sign on incentives I had to pay taxes on I had to send $23k off to Uncle Sam on the 18th.....wont be so greedy if I change jobs again. Next year will be better

[Guest110920]

Originally Posted by dtf2246

I wish I was that lucky. With my relocation package and other sign on incentives I had to pay taxes on I had to send $23k off to Uncle Sam on the 18th.....wont be so greedy if I change jobs again. Next year will be better

Whoa! Yeah, I guess I feel pretty good about 7K now!

[BK]

oh look his is BIGGER!

[Issabella Monroe]

I am not completely an idiot to stocks so I pretty much know the basics. Investing in anything is risky. So, that being said so is pussy. Risky bizz, never know if she is going to look like her pics or a complete disaster. Pussy could be nasty and loose or tight and fresh. I look at the stocks the same. Sometimes you get a good bite and sometimes you can't wait to pay to run out. Same with stocks

[Issabella Monroe]

Spanky I only paid 2500 back this year so im ok with it. what else can i do.

[Pool_man57]

Taxes are fairly simple and there are always was to reduce what you pay. There are ways to reduce your taxable income as well as deductions from what you would owe. For instance I claim a home office which is a complex but substantial deduction. Charitable donations and volunteer work also helps bring down your aggregate tax base. There are literally dozens of simple ways to reduce your taxes and keep more of your money.

Investments are trickier because it is really situational. There are fundamentals like time and risk but everyone is different. It depends on what your personal goals are and how much time you have to reach them. I love figuring out investments because it's like a big puzzle. The more risk you can handle the bigger the potential $ gain. The less time you have to reach your goals the less risky you want to be with your principle. It's actually kind of fun to figure out.

One of my favorite investments is actually the safest... paying off highest interest debt first.

[Issabella Monroe]

thanks pool