IRS Caught Cheating!

wolf · 04-18-2005, 09:58 AM

See, that's what people keep forgetting.

Even if you get a refund, you're still paying taxes. Unless the amount of your refund equals the amount you've had withheld all year.

Now that April 15th has passed, get out your W-2.

Look at the amount paid in.

And subtract your refund.

Any number greater than zero is your federal income tax paid.

Add the State Tax Paid to that.

Add the Local Tax Paid to that.

And don't forget the tax paid on interest ...

And the property taxes, you can't leave them out. (if you rent, find out from your landlord what percentage of your rent is going to this).

If you're that obsessive-compulsive, you might want to check all your receipts to determine how much you've dumped into sales tax.

You might want to have a puke bucket handy when you get that final total.

04-18-2005, 09:58 AM	#8
wolf lobber of scimitars Join Date: Jul 2001 Location: Phila Burbs Posts: 20,774	See, that's what people keep forgetting. Even if you get a refund, you're still paying taxes. Unless the amount of your refund equals the amount you've had withheld all year. Now that April 15th has passed, get out your W-2. Look at the amount paid in. And subtract your refund. Any number greater than zero is your federal income tax paid. Add the State Tax Paid to that. Add the Local Tax Paid to that. And don't forget the tax paid on interest ... And the property taxes, you can't leave them out. (if you rent, find out from your landlord what percentage of your rent is going to this). If you're that obsessive-compulsive, you might want to check all your receipts to determine how much you've dumped into sales tax. You might want to have a puke bucket handy when you get that final total. __________________ wolf eht htiw og "Conspiracies are the norm, not the exception." --G. Edward Griffin The Creature from Jekyll Island High Priestess of the Church of the Whale Penis

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