Crazy and dumb tax laws

Discussion in 'The Rant Section' started by xaznxryux, Feb 21, 2016.

  1. xaznxryux

    xaznxryux Well-Known Member

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    So my best friend got hit with a huge tax bill this year just because he got married. I am not going to go into specifics but long story short and simple

    married couples with a combined income of 200k or more get's a tax hike vs if they were both filing separately 100k each or 150k and 50k.

    He started a petition online and was looking for more people to sign

    http://wh.gov/ifL4S
     
  2. ailyeric

    ailyeric Well-Known Member

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    crank out a baby should help...
     
  3. EvilTofu

    EvilTofu 吃|✿|0(。◕‿◕。)0|✿|吃

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    How much tax are we talking about here?

    I know the system is fcked up, a lot of new immigrates but people in general are getting the food stamps/ebt cards to buy food and getting government housing and health care. So the people who pay taxes have to fork up the money.

    These things are important but some of these people are just abusing the system that was meant to help those that need it.
     
  4. amano.ai

    amano.ai Well-Known Member

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    I don't know the laws of the US but in France we have "levels" when you reach one level you have to pay a certain amount so when you get married you may pay less than the 2 people alone.
    If the 2 people together just cross the level we can't do anything but to pay :angry: :@ >:(
     
  5. xaznxryux

    xaznxryux Well-Known Member

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    I don't want to disclose how much my buddy and his wife makes, but essentially he would pay a hell lot less in taxes if he was filing single. Let's say it's 10k in taxes.
     
  6. Hartia

    Hartia Well-Known Member

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    You've already said, couples that make a combined 200k or more.......deal with it.....we barely hit 50k here


    :shifty::hmm:
     
  7. Jeff

    Jeff 神之馬壯

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    Not sure which subreddit would be appropriate but try posting on reddit, could pick up some traction there too.
     
  8. crasianlee

    crasianlee Well-Known Member

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    And donating to charity as well! But yeah if you make that much you got to pay it! Obviously IMO they're high class though. Middle class is suffering while the low and high are doing well. Also if they put more into their retirement it should help as well.
     
    • Agree Agree x 1
  9. ab289

    ab289 Well-Known Member

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    Try married filing separately; see if this helps.
     
  10. crasianlee

    crasianlee Well-Known Member

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    Arg stupid Federal took my refund cause I owe them from 2013. Love how they do that, even though I'm already paying them back in payments.....
     
  11. kdotc

    kdotc 안녕하세요빅뱅K-Dragon입니다

    its better to be on welfare than to work full time these days. people on welfare with x amount of kids get a lot of money from the government. with tax and pension and everything i had over 20k in deductions. The more you make the higher you get taxed so it is best to make just under the next tax bracket or get retirement savings plan
     
  12. crasianlee

    crasianlee Well-Known Member

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    Yeah I feel like it's better be just dirt poor then...then be middle class these days...I do have retirement but it's a 403B so it wouldn't really help sigh.
     
  13. kdotc

    kdotc 안녕하세요빅뱅K-Dragon입니다

    i dont know about you but here after 50k its 38% tax until 90k
     
  14. crasianlee

    crasianlee Well-Known Member

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    Ouch.
     
  15. ralphrepo

    ralphrepo Well-Known Member

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    I have heard of people getting legally divorced so that they're not considered "married" for tax purposes. However, the higher in income bracket, even with a separate income, the more tax they generally impose. But historically, the affluent in the US has been taxed less and less than what they were used to already. In fact the uber rich, the top tiered one percenters, have actually had most of their taxes drastically slashed if compared to those their grandparents paid. Or... allow me to do the math; your friend pays 28% right now on his combine 200K. In 1956, he would have paid 89% on that same 200K.

    See here: http://taxfoundation.org/sites/taxfoundation.org/files/docs/fed_individual_rate_history_nominal.pdf

    Starting a petition isn't going to help with tax angst. The government has heard it all and they won't shed a tear. The best advice here is for your pal to take his lumps but be prepared next year; hire a capable tax accountant and look for legal tax loopholes. Take advantage of such things as a flexible spending account and pre tax retirement plans for both him and his wife; made charitable donations where the receiving organization give you "value of" tax receipts, et cetera et cetera. There are loads of legal tax avoidance strategies but it won't help anyone unless one knows about them. Again the best person to help is a competent tax accountant; one who not just fills out your forms for you, but one who takes the time to sit down and have a long discussion with you on available tax strategies from year to year, advising you of the potential risks and benefits of each. There are often good accountants everywhere, but too often, they're lazy. Your friend needs one who is not only good, but one who pursues a client's case like the accountant having his own money on the line.

    As for tax and welfare cheats; don't even get me started. I know many of them (all Chinese, all immigrants) and I've actually been tempted to notify the authorities on them except the missus stopped me. "Bad Karma" and all she says, as I grind my teeth when they regale me with how easily they cheat the government and MY tax dollars.
     
    #15 ralphrepo, Apr 15, 2016
    Last edited: Apr 15, 2016
  16. crasianlee

    crasianlee Well-Known Member

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    Yeah I know someone that got a divorce so that they could file for bankruptcy without having to drag the wife in it as well...And yup it's either be poor to take advantage of all the welfare stuff or be rich, us middle class people get hit with it the most! Agree with you on the peeps that take advantage of the welfare system sigh.