It’s in the (e)mail…

Man it has been a long couple of days, but I have finished the taxes. The good news, I get a small federal refund. The bad news is I owe the state just about the same amount. The state, you see, doesn’t allow about half the federal deductions. After it’s all done, there should be enough to buy a pizza and some Pepsi.

About Richard Robinson

Enjoying life in Portland, OR
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13 Responses to It’s in the (e)mail…

  1. The whole idea behind taxes is to break even, Rick. My taxes worked the opposite of yours: we had to pay the Feds, but NY State will be sending us a nice check when they finally get around to it.

  2. Richard says:

    Yes, George, but this isn’t breaking even, it’s just having to get some of the ton of money we already paid the feds back and still having to pay the bloody state MORE on top of the small fortune we already paid them.

    The point of taxes isn’t to break even, it’s to secure goods and services for the citizenry through fair contributions of that citizenry.

  3. Don’t get me started on the State of California and their bizarre tax rules. On top of the 10% sales tax they charge. One would think they don’t want anyone to live in this state.

  4. Jeff Meyerson says:

    Bummer, Rick. Lately, we’ve been like George – get more back from NY State (since Jackie retired) than the Feds. But since she’s working enough to put money in an IRA we get back more than we would otherwise.

    It pays for a couple of trips and some goodies.

  5. Jeff Meyerson says:

    Ahhh.

    I was hoping for that. We e-filed last Saturday and just checked to find our Federal refund has been deposited in our account.

    Who said the Federal government isn’t efficient?

    Well, everybody, but in this case it worked.

    Time to stimulate the economy, eh George?

  6. Patti Abbott says:

    Phil just works and works at it until we get a refund. He calls out numbers until I say that’s enough!

  7. Stimulating our economy is a patriotic duty, Jeff!

  8. Carl V. says:

    As others have said, I know that the wise financial planners say that the goal is to break even, that way you can use all of your money throughout the year. My own past habits make it better for me to structure things in such a way that I get a refund, that way I can use that money for some house project or something. It usually isn’t used for something “fun” but I appreciate having it to use on something “necessary”.

    Having a child that gets me a credit helps. Once that is no longer and option, which is coming all too soon, then we will probably have to make some adjustments so that we come out even and don’t have to pay in.

  9. Evan Lewis says:

    Oregon makes us feel good during the year because we have no sales tax, then socks it to us in property and income tax. There ain’t no way to win.

  10. Richard says:

    Carl – the biggest shock we had was after we paid off the house. The next year there was no mortgage interest to deduct. Yikes! We’d adjusted things, knowing it was coming, but the tax bill was awful. Not as much as the house payments would have been, of course, but awful nevertheless.

    Evan – what’s the state income tax rate there? It couldn’t be more than CA, could it?

  11. merlin513 says:

    Come to Arkansas, where we have sales tax, property tax, liquor tax, grocery tax; you have it, they’ll tax it! and then still have to pay income taxes at the end of the year. @_@ + add in a divorce and i owe federal a mint and state an after dinner mint. Somebody somewhere better be smoking a cigarette because i have been thoroughly screwed this year.

  12. Carl V. says:

    I’m looking forward to the day that I can have that same awful thing happen to me, Richard! Hopefully at the end of a year from now we’ll have eliminated all of our other debt on our current reduction plan and then we will be attacking the house debt with much gusto!

  13. Cap'n Bob says:

    Our legislative geniuses (WA State) plan to tax bottled water, chewing gum, and soda pop, plus add another buck in taxes to cigarettes.

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