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To make you feel better, in one year we paid over 500,000 in income taxes and on average around 400,000.
This year I enjoyed paying taxes on $30k in dividends on investiments that actually are down $100k in value even after said dividends were rolled back into the investiments.
Beautiful!
Anyone know of some good shell companies for sheltering investments from taxation?
Just kidding, I'm a law abiding schmuck that contributes to keeping pothole repairs in the budget.
But wait ... these shelters aren't illegal nor are corporate inversions.
@tacpoly wrote:
To make you feel better, in one year we paid over 500,000 in income taxes and on average around 400,000.
There has to be a better way.. Why are the tax codes soo complicated? Can this system ever be fixed? Personally, I feel like hard working individuals are punished just for wanting to make a little more money you know.. And then when you call the IRS, you are made to wait on hold for an hour to connect with someone. Like seriously...
DISCLAIMER: I don't belong to any political political party as I don't care for any of them.
@Creditplz wrote:
@Anonymous, same.... This is my first full year in business and we grew! Last year took in 180k+ personal home. And this year has been great!, beyond blessed but I put in 65-70 hours a week! Feel like I'm being punished for making more!!
I hear you.. Looks like we are in the same boat regarding working hours. Just terrible..
Eight thousand this year. A couple years ago it was like 6 thousand. I need to adjust our withholding but spouse has a very large annual income! Opening IRAs for each grown up, putting more into 401K, doing things like that has helped with the tax bill a little!
I wish they would balance the tax rate better if you made lets say 0 dollars while going to school or lower pay, and now 10 years later you are a doctor, and you get **bleep** in taxes, you shouldn't get hit as hard because your first 8-10 years you were in school.