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Anyone else finding state taxes really high this year?
Posted on 3/29/23 at 7:43 am
Posted on 3/29/23 at 7:43 am
I don’t understand how the same withholdings that get me a refund on federal apparently end up with me owing on state? I usually owe a little but this year is higher than it’s ever been for me.
Posted on 3/29/23 at 7:44 am to dyslexiateechur
Haven’t paid state income taxes since moving to Florida years ago.
Posted on 3/29/23 at 7:45 am to dyslexiateechur
I live in Minnesota, so my state taxes are always high :(
Posted on 3/29/23 at 7:46 am to theronswanson
quote:
Haven’t paid state income taxes since moving to Florida years ago.
Posted on 3/29/23 at 7:48 am to dyslexiateechur
Everyone I know in Louisiana either owes for state or is getting back like $120 lol
Posted on 3/29/23 at 7:50 am to dyslexiateechur
The state no longer gives you credit for federal taxes paid. My tax guy explained it this year. You no longer get to deduct that from your income like years past.
Posted on 3/29/23 at 8:00 am to bonescanner
That makes so much sense!
Although whyyyy
Although whyyyy
Posted on 3/29/23 at 8:01 am to dyslexiateechur
Why would anyone live in a state with income taxes
Posted on 3/29/23 at 8:05 am to bonescanner
quote:
The state no longer gives you credit for federal taxes paid. My tax guy explained it this year. You no longer get to deduct that from your income like years past.
At least I can rest assured knowing that my increased taxes will certainly help improve our already stellar traffic infrastructure, public schools, and common spaces.
Posted on 3/29/23 at 8:05 am to dyslexiateechur
The property tax on my home shot up this year…
Posted on 3/29/23 at 8:14 am to bonescanner
quote:
The state no longer gives you credit for federal taxes paid. My tax guy explained it this year. You no longer get to deduct that from your income like years past.
Wow! This is great! We get so much bang for the buck from our Louisiana state taxes that I’m HAPPY to pay them…….HAPPPY I TELL YOU!
HAPPY
Posted on 3/29/23 at 8:14 am to dyslexiateechur
How do you think we ended up with a “surplus”? Government doesn’t produce or manufacture a fricking thing yet it gains revenues. Thanks to you!
If Louisiana has a surplus it should be returned to the taxpayers. And only the taxpayers. Not every shithead citizen cause they’re not all paying confiscatory taxes like the rest of us.
If Louisiana has a surplus it should be returned to the taxpayers. And only the taxpayers. Not every shithead citizen cause they’re not all paying confiscatory taxes like the rest of us.
Posted on 3/29/23 at 8:17 am to texag7
quote:
Why would anyone live in a state with income taxes
Does it really matter? They are getting the money from somewhere. I bet your property taxes are higher than most.
Posted on 3/29/23 at 8:17 am to texag7
quote:
texag7
quote:
Why would anyone live in a state with income taxes
Going out on limb here that you live in Texas. Compare property taxes in states with no income tax vs. those that have one.
The government is going to get their money one way or another.
Posted on 3/29/23 at 8:18 am to dyslexiateechur
Compare your 2021 and 2022 state withholding. I thought the elimination of the federal income tax deduction was the cause of our refund being less, but my husband's employer withheld a lot less. Our actual state tax obligation went down.
Posted on 3/29/23 at 8:19 am to dyslexiateechur
We get so much in return for these taxes though. We may end up garnering "second world" status soon, if we are lucky!
Posted on 3/29/23 at 8:23 am to dyslexiateechur
Owed for the first time ever this year. At least it's going to good use to help crime reduction or our excellent school ratings or fantastic and smooth public roads
Ooh wait
Ooh wait
Posted on 3/29/23 at 8:26 am to Wayne Campbell
quote:
Going out on limb here that you live in Texas. Compare property taxes in states with no income tax vs. those that have one.
The government is going to get their money one way or another.
My property taxes went up 11k when I moved to texas (also bought a much more valuable house)
No state income taxes put about 19k back in my pocket.
I think I'm doing alright.
And that's not even counting the additional "tax" louisiana residents enjoy in the form of astronomical insurance rates. My monthly escrow payment is only a few hundred more than it was in LA despite the high property taxes.
This post was edited on 3/29/23 at 8:34 am
Posted on 3/29/23 at 8:30 am to Wayne Campbell
quote:
The government is going to get their money one way or another.
Right. Government isn’t free in any state. Best you can hope for is to pay a little less and get some return for your money.
Posted on 3/29/23 at 8:30 am to dyslexiateechur
Just know that when you drive around, you notice how well the money is spent. It's a great feeling
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