Tax rant- wtff?!!

unknownroad · 03-24-2009, 11:36 AM

Married couple, both working, similar incomes. Fairly small mortgage, no kids.
One is set up for withholding as married, 0 deductions.
The other is set up as single, 1 deduction.
And we still have to pay over 2% of our gross income on 4/15!

Uncle Sam owes me one hell of a reach-around.

shmike · 03-24-2009, 11:42 AM

Quote:

Originally Posted by unknownroad

Married couple, both working, similar incomes. Fairly small mortgage, no kids.
One is set up for withholding as married, 0 deductions.
The other is set up as single, 1 deduction.
And we still have to pay over 2% of our gross income on 4/15!

Uncle Sam owes me one hell of a reach-around.

At first thought, that makes no sense at all.

Are you guys 1099 or W-2?

Do you file joint?

If you are W-2, then your payroll company fucked up. Even moreso if you file a joint return.

unknownroad · 03-24-2009, 12:39 PM

Yes, we're W-2 and we file jointly

Her payroll company is deducting 11% of her AGI, mine is deducting 12%, and we end up owing 14%.

i don't know how they could both be screwing up to that great an extent.

wildchild · 03-24-2009, 02:13 PM

stop making so much money

Destitute · 03-24-2009, 02:24 PM

I get ~5% refunded. It was safer with the government this year than in the market.

derf · 03-24-2009, 07:02 PM

I didnt pay taxes, you guys need a better accountant

Mrs. Colleen · 03-25-2009, 02:32 AM

Hubby just told me our "bill" is about 2.4%

bmblebee · 03-25-2009, 09:13 AM

Doesn't cost me anything to review it...won't cost you anything but some postage. I have 1040X forms right here on my desk if they are needed. Never hurts to get another opinion.

03-24-2009, 11:36 AM	#1
unknownroad Guys... where are we? Join Date: Nov 2008 Location: South Carolina Moto: SV650 Interstate, CX500 rat-bobber, whatever else runs. Posts: 784	Tax rant- wtff?!! Married couple, both working, similar incomes. Fairly small mortgage, no kids. One is set up for withholding as married, 0 deductions. The other is set up as single, 1 deduction. And we still have to pay over 2% of our gross income on 4/15! Uncle Sam owes me one hell of a reach-around. __________________ Considering Verizon Business service? Perhaps you'd like to consider a nice drain cleaner enema instead?

03-24-2009, 12:39 PM	#3
unknownroad Guys... where are we? Join Date: Nov 2008 Location: South Carolina Moto: SV650 Interstate, CX500 rat-bobber, whatever else runs. Posts: 784	Yes, we're W-2 and we file jointly Her payroll company is deducting 11% of her AGI, mine is deducting 12%, and we end up owing 14%. i don't know how they could both be screwing up to that great an extent. __________________ Considering Verizon Business service? Perhaps you'd like to consider a nice drain cleaner enema instead?

03-24-2009, 07:02 PM	#6
derf token jewboy Join Date: Nov 2008 Moto: CBR 900, KLR ugly ass duckling, Gas Man Posts: 10,799	I didnt pay taxes, you guys need a better accountant __________________

03-25-2009, 09:13 AM	#8
bmblebee Community Curmudgeon Join Date: Nov 2008 Location: Tallahassee Moto: '04 F4i Posts: 373	Doesn't cost me anything to review it...won't cost you anything but some postage. I have 1040X forms right here on my desk if they are needed. Never hurts to get another opinion. __________________ Alcohol, Tobacco and Firearms should be a convenience store and not a government agency If You Don't Know What Your Rights are...You Won't Have Any

03-24-2009, 02:13 PM	#4
wildchild cruiser Join Date: Nov 2008 Location: on the run Moto: '09 HD superglide, 16 Yamaha FZ 09 Posts: 2,749	stop making so much money

03-24-2009, 02:24 PM	#5
Destitute Canyon Carver Join Date: Nov 2008 Posts: 315	I get ~5% refunded. It was safer with the government this year than in the market.