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Started By
Message
Important tax issue for the OB'ers here...
Posted on 12/12/12 at 10:10 pm
Posted on 12/12/12 at 10:10 pm
I apologize for this being off topic for this board, but yall need to read the alternative minimum tax discussion thread on the MB. Some of you oil barons and high dollar folks as well as us poor folks here may be paying the IRS the money we were going to spend on that new boat or hunting trip we were planning on taking next year.
8
Posted on 12/12/12 at 10:12 pm to BFIV
Santa Claus needs more money if he is going to keep handing out toys
Posted on 12/12/12 at 10:15 pm to Tigerpaw123
One of the reasons why we are selling our ranch is because of the increase in the estate tax that is coming, frick THE GOV.
Posted on 12/12/12 at 10:16 pm to BFIV
I just read it and didn't understand any of it. 
All I got was I will be paying more taxes.
All I got was I will be paying more taxes.
Posted on 12/12/12 at 10:17 pm to BFIV
Well shite!
Posted on 12/12/12 at 10:22 pm to BFIV
What thread. Retard here
Posted on 12/12/12 at 10:22 pm to El Josey Wales
Don't feel bad, Josey. Lots of folks don't understand it, but they will understand it when they file their federal tax return. And yeah, we will be paying more taxes. LOTS more. There goes the new boat, hunting trip, and the new guns. 
Posted on 12/12/12 at 10:24 pm to trident
quote:
What thread.
Alternative Minimum Tax thread on the Money Board.
Posted on 12/12/12 at 10:27 pm to El Josey Wales
quote:
Message Posted by El Josey Wales I just read it and didn't understand any of it. All I got was I will be paying more taxes.
I just read it also and my head hurts
Posted on 12/12/12 at 10:57 pm to BFIV
(no message)
This post was edited on 12/22/12 at 4:25 pm
Posted on 12/12/12 at 11:10 pm to BFIV
Gonna make it a lot harder to sell my boat 
Posted on 12/12/12 at 11:11 pm to BFIV
I followed the links on the MB. The comments below it are a dumpster fire of stupidity.
This country will burn before I die....
This country will burn before I die....
Posted on 12/12/12 at 11:12 pm to BFIV
AMT has got me the last three years. Basically only charitable donations and mortgage interest count as a deductions. There's current talk of messing With Mortgage interest deduction in some form or fashion.
Posted on 12/12/12 at 11:16 pm to Big Data
quote:
Not married.
That ain't gonna save you, j5. Single taxpayers have an even lower threshold than married taxpayers. You're in the same boat as the rest of us. But it won't be a new boat.
Posted on 12/12/12 at 11:17 pm to tigers win2
I am seeing that 100-200K a year has a net decrease in taxes? Over 200k is when they turn on the Vacuum.
Effective Marginal Individual Income Tax
Effective Marginal Individual Income Tax
Posted on 12/12/12 at 11:22 pm to NimbleCat
quote:
I am seeing that 100-200K a year has a net decrease in taxes?
This is good.
Posted on 12/12/12 at 11:23 pm to NimbleCat
quote:
Over 200k is when they turn on the Vacuum.
Scarey, ain't it? And we're gonna see a big Vacuum if this AMT patch isn't passed by Jan. 1. The middle class folks are the ones who are going to take the biggest hit. There goes my new 4WD dually...
Posted on 12/12/12 at 11:43 pm to GREENHEAD22
quote:
estate tax
The lowest form of government sanctioned theft...they are a bunch of fricking ghouls to come after the property folks have worked their whole lives for.
Posted on 12/12/12 at 11:44 pm to NimbleCat
quote:
Over 200k is when they turn on the Vacuum.
But the a-hole said the threshold was $250K.....I guess not the first time he's lied.
Posted on 12/13/12 at 3:48 am to TJG210
quote:
Estate tax
Bruh, you're dead. You can't take it with you.
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