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May 26, 2015
7:39
:33
am
Acorn
Welcome to the title of being "rich".
Hopefully you didn't vote for someone that likes political polarization with use of that title...
Almost everything good is gone by about $175K AGI and many things phase out in the low 100K's.
This message has been modified
Originally posted on May 26, 2015 at 7:39:33am
Message modified by Acorn on May 26, 2015 at 7:40:02am
Message modified by Acorn on May 26, 2015 at 7:42:20am
Message modified by Acorn on May 26, 2015 at 7:43:31am
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Acorn
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Acorn
Joined
Nov 25, 2004
Last login
Jun 15, 2024
Total posts
19,085 (2,242 FO)
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Messages
Author
Time
Any tax experts? There seems to be an income level where you just get shafted on
dYrtbYkerYder
5/26/15 7:29am
What is your effective tax rate?
kccougar
5/26/15 7:34am
You should get $1000 per child no matter your income level. Also, why wouldn't
rggee
5/26/15 7:35am
I lied. It starts to phase out at $110K for married filing jointly
rggee
5/26/15 7:36am
And $160K for the student loan interest. If your AGI is above that, you are
rggee
5/26/15 7:38am
I got to deduct a whoppin 1.6% of my student loan interest this year. #soblessed
WDaddy
5/26/15 7:43am
Talk to a tax accountant. They can help. Worth the money.
WDaddy
5/26/15 7:36am
Dramatically reducing your income is the most effective way to cut
dilbert
5/26/15 7:38am
No credit for kid, medical expenses, or student loan interest? No offense, but
Mister P
5/26/15 7:38am
Possibly. But once you make too much, you don't get any of the freebies
slappy
5/26/15 7:42am
Welcome to AMT
workindev
5/26/15 7:43am
It sucks and is a desert wasteland. Makes it very hard to accumulate wealth
jota
5/26/15 11:29am
Tip: Don't hire Mister P as your accountant
jbcoug
5/26/15 7:45am
Welcome to the title of being "rich".
Acorn
5/26/15 7:39am
I just wish "richness" were determined by net worth, in which case we'd be poor.
dYrtbYkerYder
5/26/15 7:50am
This is the problem. Everyone wants someone else to pay.
Acorn
5/26/15 7:57am
I have four siblings, and the ones with the highest net worth are also the ones
dYrtbYkerYder
5/26/15 8:13am
Wow. Some good insight there
TNT
5/26/15 8:25am
Big thumbs up for the Elder Maxwel quote. I'd never heard that one. Thanks.
squidmark
5/26/15 8:42am
yeah....
Belboz
5/26/15 8:39am
You should get tax benefits from some of those items until you're at
hansel
5/26/15 7:39am
First world problem "I make too much money"
TeeKaa
5/26/15 7:41am
Paying the money isn't the worst...its having so many people whining for more
Fdnman
5/26/15 8:08am
Not to mention the sacrifices you made in your life to get to the point
kotacoug
5/26/15 8:37am
Once you hit 39.6%, tax credits are pretty much not an option
UbanUte
5/26/15 7:52am
TNT doesn't pay much
TNT
5/26/15 8:15am
^^^Claimed as a dependent on another tax return.
El Fuego
5/26/15 8:21am
How dare you. Ignored!
TNT
5/26/15 8:22am
What? Are you joking? No one claims TNT. Not even Cougarboard.
Six Foot Seven
5/26/15 8:33am
Thank you. Hopefully Fuego learned his/her lesson
TNT
5/26/15 8:35am
Welcome to the 1% all the Libs talks about. Do you feel rich? Me neither.
fulano
5/26/15 8:23am
There are certain levels that tax deductions fade out. There are a number of
My Soapbox
5/26/15 8:47am
What the govt does to those like you truly upsets me.That said, there are some
Incentivize
5/26/15 9:04am
Dang. If only TNT owned real estate
TNT
5/26/15 9:20am
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