15-04-2005 23:46									#31
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quote: Originally posted by rah It's not just my income, it includes my wife's since we file jointly. And I'm sure once most of you reach the age we're at, you too will also have an equally sizeable tax liability. Of course by then inflation will mean your's will be twice that then.

I'm pretty sure the average houshold income in the US is still less than $50,000 per year.

	15-04-2005 23:48									#32
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quote: Originally posted by JohnT Yeah. Didn't file once in college a year after earning $25,000. Got a letter from the IRS in November telling me that I didn't file and that my estimated penalty was $78

Maybe they thought you owed money?

BTW, anyone know what the statute of limitations on not filing a return when you owe money is?

	15-04-2005 23:48									#33
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It is. ~$43,000, I think.

Edit: Reply to pchang.

	15-04-2005 23:49									#34
	Re: April 15, It's Tax Day! Lose 30 kilos (of popups)

quote: Originally posted by Odin If you haven's sent your tax returns in you still have until midnight tonight. Fortunately, I sent mine in 2 months ago. I am getting PO'ed at the rediculous number of deductions and credits, there are so many that it seems every little special intrest has thier own deduction, distroying the whole purpose of deductions because eveyone has a special deduction made just for them.

]

I'm pissed because I don't have a deduction made for me

We need a deduction for single nerds who can't find a girlfriend/wife to bear their children.

Those of us here should band together and lobby congress. .

	15-04-2005 23:50									#35
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quote: Originally posted by chegitz guevara Maybe they thought you owed money? BTW, anyone know what the statute of limitations on not filing a return when you owe money is?

Possibly. Like I said, I just filed, paid, and that was that. I have no desire to have the IRS on my ass - if they say I owe a measly $78, I'll pay.

	15-04-2005 23:51									#36
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quote: Originally posted by rah My federal tax bill was around $32,000. But we did get about 1500 back.

you must be rich. How about helping out the less fortunate poly memebers?

	15-04-2005 23:53									#37
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Average household income in Santa Clara (silicon valley) is about $70,000 per year. This is directly correlated to our cost of living being significantly higher than elsewhere. It is a really good example of gold rush economics.

	15-04-2005 23:53									#38
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Looks like Rah Co. earned about $150,000 in taxable income last year.

	15-04-2005 23:55									#39
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Not bad for being a professional pos(t)er...

	15-04-2005 23:55									#40
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I'm sure Rah realized we could do the back calculation, but I'm not sure he planned to make it that explicit....

	15-04-2005 23:58									#41
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quote: Originally posted by pchang I'm sure Rah realized we could do the back calculation, but I'm not sure he planned to make it that explicit....

That's alright, I've done it to him before. He didn't ban me then, either.

	15-04-2005 23:59									#42
	Re: Re: April 15, It's Tax Day! Support Apolyton, buy Galactic Civilizations

quote: Originally posted by Dissident I'm pissed because I don't have a deduction made for me We need a deduction for single nerds who can't find a girlfriend/wife to bear their children.

You don't need one.

	16-04-2005 00:00									#43
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I wonder if that makes him Poly's biggest bread winner?

	16-04-2005 00:00									#44
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No.

	16-04-2005 00:01									#45
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We have doctors on the boards who probably make more than him.

	16-04-2005 00:01									#46
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quote: Originally posted by pchang No.

He says with authority.

	16-04-2005 00:02									#47
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man... you rich pchang? Maybe we should get together for those drinks?

	16-04-2005 00:04									#48
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I just know certain other people. But, we should still get together anyway.

	16-04-2005 00:07									#49
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I'm sure there's numerous posters who's household income exceeds $150k.

	16-04-2005 00:08									#50
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Japher, that's right! I forgot about Docfeelgood.

JohnT seems to be saying he's the #1? I would be surprised as he seems a regular guy to me, not at all high on himself.

	16-04-2005 00:09									#51
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quote: Originally posted by Lancer Japher, that's right! I forgot about Docfeelgood. JohnT seems to be saying he's the #1? I would be surprised as he seems a regular guy to me, not at all high on himself.

If I'm number one, then some of you are in BIG trouble.

	16-04-2005 00:10									#52
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150,000? Oh hell, I make more than that! PHP of course...

	16-04-2005 00:11									#53
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"If I'm number one, then some of you are in BIG trouble."



Not me, the wife has 2 jobs.

	16-04-2005 00:13									#54
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Lucky stiff. My wife hasn't worked in 3 years.

Not that I miss the money, but it's hard to get that woman out of the house (with the kid) at times!

	16-04-2005 00:14									#55
	Re: Re: Re: April 15, It's Tax Day! Avatar Enlargement: We've got the solution

quote: Originally posted by chegitz guevara You don't need one.

yes I do. I'm poor, yet I pay alot in taxes. Many poor people don't pay any taxes if they have children etc.

okay, okay. I'm not exactly poor. But my yearly income isn't very high. It's significantly below the average of $43,000 a year.

	16-04-2005 00:28									#56
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My favorite part so far is: "Line 1: Your Name (see instructions)."

A taxpayer who needs to refer to the instructions to figure out his or own name is not going to do well on the rest of the form.

	16-04-2005 00:30									#57
	Avatar Enlargement: We've got the solution

If the value on line F is greater than the value on line Q but less than the value on line K, divide the value by the number on line G and enter that value into line S...

WTF?!

Best let the CPA deal with it... they's smart and all that

	16-04-2005 00:35									#58
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quote: Originally posted by Japher If the value on line F is greater than the value on line Q but less than the value on line K, divide the value by the number on line G and enter that value into line S... WTF?! Best let the CPA deal with it... they's smart and all that

easy to figure out.

	16-04-2005 00:38									#59
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quote: Originally posted by Japher If the value on line F is greater than the value on line Q but less than the value on line K, divide the value by the number on line G and enter that value into line S... WTF?! Best let the CPA deal with it... they's smart and all that

If in terms of F: K< F < Q
Then
F/G = S

	16-04-2005 00:39									#60
	Lose 30 kilos (of popups)

"A taxpayer who needs to refer to the instructions to figure out his or own name is not going to do well on the rest of the form. "

The trouble with the 'Your Name' instructions is they aren't clear. Is it my name they want or your name?