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Those of you with tax deductions in the form of youngsters

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  • #1

    Those of you with tax deductions in the form of youngsters

    thank your lucky stars.

    I just got NAILED by the tax man.

    Being single can be a lot of fun but today it's the most horrible thing ever.
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  • #2
    Originally posted by Shaka View Post
    thank your lucky stars.

    I just got NAILED by the tax man.

    Being single can be a lot of fun but today it's the most horrible thing ever.
    Oh, it's all financial laughs and giggles until they go to college.
    PLesa excuse the tpyos.

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    • #3
      Originally posted by creekster View Post
      Oh, it's all financial laughs and giggles until they go to college.
      That's why you emancipate them their senior year of high school.
      There's no such thing as luck, only drunken invincibility. Make it happen.

      Tila Tequila and Juggalos, America’s saddest punchline since the South.

      Yesterday was Thursday, Thursday
      Today is Friday, Friday (Partyin’)
      …
      Tomorrow is Saturday
      And Sunday comes afterwards

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      • #4
        Originally posted by landpoke View Post
        That's why you emancipate them their senior year of high school.
        If only I had listend then, Landpoke, if only I had listened then. . .
        PLesa excuse the tpyos.

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        • #5
          Did I hear that the credit is dropping from 1000 per kid to 500 per kid this year?

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          • #6
            Originally posted by LiveCoug View Post
            Did I hear that the credit is dropping from 1000 per kid to 500 per kid this year?
            I believe that is correct, $500/per next year.

            I had a WTF moment while dong my taxes the other day when I saw how little I pay in taxes considering how much I make, and I realized we are all screwed.

            I was grateful for my 3 young 'uns and that disgusting amount of mortgage interest i pay. Thanks again Shaka, Creek, etc, for covering my kid-induced shortfall.

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            • #7
              I've got 5 walking tax deductions. One doesn't even talk yet. May God have mercy on my soul in 12 years.
              "Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf

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              • #8
                Originally posted by NorthwestUteFan View Post
                I believe that is correct, $500/per next year.

                I had a WTF moment while dong my taxes the other day when I saw how little I pay in taxes considering how much I make, and I realized we are all screwed.

                I was grateful for my 3 young 'uns and that disgusting amount of mortgage interest i pay. Thanks again Shaka, Creek, etc, for covering my kid-induced shortfall.
                That sounds like a middle-class tax increase.
                Give 'em Hell, Cougars!!!

                For all this His anger is not turned away, but His hand is stretched out still.

                Not long ago an obituary appeared in the Salt Lake Tribune that said the recently departed had "died doing what he enjoyed most—watching BYU lose."

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                • #9
                  I'm so glad that Tax Deduction #4 was born in December just prior to the end of the 2010 fiscal year.
                  "Sure, I fought. I had to fight all my life just to survive. They were all against me. Tried every dirty trick to cut me down, but I beat the bastards and left them in the ditch."

                  - Ty Cobb

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                  • #10
                    Even worse than not having offspring is I did not have a mortgage in 2010 as I got out of my condo when I moved home to help with my dad.

                    This year I have a mortgage and very much look forward to deducting the interest.

                    No, it doesn't feel better in the morning.

                    Comment

                    • #11
                      Originally posted by Shaka View Post
                      thank your lucky stars.

                      I just got NAILED by the tax man.

                      Being single can be a lot of fun but today it's the most horrible thing ever.
                      kids are a lot more expensive than the deduction credit, mi amigo

                      Comment

                      • #12
                        Originally posted by Viking View Post
                        kids are a lot more expensive than the deduction credit, mi amigo
                        Yes I know but please allow me my fifteen minutes of vitriol.

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                        • #13
                          Originally posted by myboynoah View Post
                          That sounds like a middle-class tax increase.
                          No, that isn't a middle-class tax increase. He is just closing tax loopholes.
                          "If there is one thing I am, it's always right." -Ted Nugent.
                          "I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
                          "Yet I still see wisdom in that which Uncle Ted posts." -creek.
                          GIVE 'EM HELL, BRIGHAM!

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                          • #14
                            Originally posted by Uncle Ted View Post
                            No, that isn't a middle-class tax increase. He is just closing tax loopholes.
                            Close a few more loopholes and I may not ever be able to pay tithing again. Maybe I can pay 'net', defined as increase after taxes and housing...

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