That $6K a month I presume is before taxes - sm
Posted By: XXX on 2007-06-16
In Reply to: When's the best time to buy a house? - Luke S.
if so, I highly doubt you can afford such an expensive house. My DH makes $70K, I make about $15K; even with the 2 incomes it gets tight, and our mortgage is only $1K a month. However we put about $800 a month into a 401K plan, another $210 a month into a college fund/plan with the state, another $150 a month for our life insurance; what is left to pay bills/buy food after the mortgage is about $1500. Believe me it goes fast. Taxes take a huge chunk, and no we do not get a big refund, maybe $1200 if we are lucky; owed this year for the first time in years. If you can I'd max out at $300K on a house. I am looking forward to when ours is paid off, which will be in about 6 years at the most (10 year mortgage); we also try to make extra principal payments when we can. This is w/o car payments too, can't imagine how we would do it if we had that too; guess I'd work more, the kids would have less stuff which would be a good thing and we'd eat more frugally. Babies are expensive, diapers, formula (not all women can breastfeed or want to), daycare presuming your wife goes back to work if not, then there is no way you can make your mortgage on $2K a month, daycare would be $500 a month probably. What if one of you loses their job, any plan for that? I would want a little less stress myself if I were buying a home with a baby on the way. Find something more affordable, sure it won't have all the bells and whistles but do you really need all that? Remember to ask yourself if you need it or want it. Big difference.
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and don't presume to know ONE thing about me-sm
because your assumption is only making an ars* out of yourself.
Do not assume to know my religion or anyone's religion or beliefs on forum boards/public places.
Signed: No bigot here against anyone.....
however, there are PLENTY of folks that are just not liked........hmmmmm?!
*lol*
It's interesting how some presume to know
everything about soneone and their family just by heresay (the media).
Maybe she is a terrible person and her husband is Father Of The Year and it's your right to state you opinion, but you don't know her or her husband at all. The media, especially the entertainment media, is not always a reliable source of correct information.
I presume he is looking at the ads that women - sm
are putting out looking for men.....and he wants to be the man they seek. Guess he is looking at their ads to see if he meets their specs, and if they sound interesting to him as well. That would be my take on it.
Yes, they do. 10-month teachers make more than 9-month
teachers. I know that for a fact. One of my sisters was a 9-month, one is a 10-month. They are compensated for working more scheduled hours.
Why does everyone presume to know what the Travoltas did and didn't do for their son
We you all there? It's all just pure speculation. Unless you know them personally or lived with them we have no idea what went on.
I presume you had free childcare since- sm
you worked more than 1 job, unless you left them alone while you worked. I am sure some of those on welfare work 2 or more jobs, don't have health insurance, have to have a babysitter or daycare which eats up mega dollars, and barely have enough to take care of essentials and rent, let alone food. Yes there are abusers but there are also people that really need the help. If my DH left me or died w/o life insurance I would be okay but it would be a struggle as I only make about $24K a year (we have $350K in life insurance so I would be okay, along with $280K in 401K after it dove down)....SS would help me make ends meet and I would be okay and not need Welfare, and still be able to stay home and do MT but not everyone is so lucky. I know someone whose husband did die at 36 from a heart attack, no life insurance, 2 young kids, she is struggling, gets SS for herself and the kids which she says will run out when they are 16 (I thought it was 18? so I hope she is wrong....kids are 12 and 10), and works babysitting in her home, she is barely squeaking by. She is also trying to go to school to become a LPN so she can make more money....though I think LPN is at the bottom (not sure), I'd go for the BS and get the better degree, etc. but I guess she does not want huge loans to pay back, that is her business. Everyone's story/circumstances are different. They do need to do a better job "policing" the abusers and getting them off the system so those that really need it can get it and get back on their feet, that is its purpose, nothing shameful in it.
Yes, especially if you are on a month-to-month basis
My mother had rental properties and has evicted tenants twice because her daughter (sis) decided she wanted to live there. Those tenants were pretty upset at the time too, because they didn't want to move. A landlord isn't required to have a reason for taking back their property or raising the rent. They will likely give you a good reference since you're been a good tenant.
A year after Katrina, all the landlords on the Gulf Coast decided to double or triple their rent, just because they could. Due to the housing crisis rents are going to continue to rise, because more people are losing their homes and looking for apartments. Its all about supply and demand.
The bright side is that working at home allows you to live "anywhere", so you could see this as an opportunity to move somewhere completely different. That's what I did, and I haven't regretted it.
If it is a month-to-month lease -
If there is no signed lease stating a specific time (1 yr, 2 yr, etc.) then it is implied as a month-to-month least and either the tenant or LL can terminate at any time.
I would look for a place pronto if I was the OP.
And she should get another job pronto too if the one she got ain't paying the bills. No reason to let it go on month after month, paycheck after paycheck, until you are in the street, that is just plain stupid.
If she is getting evicted --- there is more to this story I believe.
TAXES
This is my first year having to figure taxes w/ IC and I've only done it for a few months. I'm wondering if anyone can tell me anything they think would be helpful to me regarding filing my taxes.
Here are a few things I have heard: That I need to send in 30%-40% of my gross pay quarterly. I have heard I can claim my office space, percentage of my utilities, and any other cost involved with my work BUT I have also heard that amount has to exceed a certain $ amount before I will be able to claim it. That really doesn't make any sense to me but I honestly have no clue.
We normally have our taxes done by a certain company and am considering going to someone else and, of course, plan to ask him loads of questions but I'd like to have some sort of idea from any of you who are doing this of what to expect.
Thank you for any help you can give me.
Taxes
Be sure to read all the way to the end!
Tax his land,
Tax his bed,
Tax the table
At which he's fed.
Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.
Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.
Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.
Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.
Tax his cigars,
Tax his beers,
If he cries, then
Tax his tears.
Tax his car,
Tax his gas,
Find other ways
To tax his ass
Tax all he has
Then let him know
That you won't be done
Till he has no dough.
When he screams and hollers,
Then tax him some more,
Tax him till
He's good and sore.
Then tax his coffin,
Tax his grave,
Tax the sod in
Which he's laid.
Put these words
upon his tomb,
"Taxes drove me
to my doom..."
When he's gone,
Do not relax,
Its time to apply
The inheritance tax.
Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax,
Fuel permit tax
Gasoline Tax (42 cents per gallon)
Hunting License Tax
Inheritance Tax
Interest expense
Inventory tax
IRS Interest Charges
IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road usage taxes
Sales Tax
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone federal excise tax
Telephone federal universal service fee tax
Telephone federal, state and local surcharge taxes
Telephone minimum usage surcharge tax
Telephone recurring and non-recurring charges tax
Telephone state and local tax
Telephone usage charge tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft registration Tax
Well Permit Tax
Workers Compensation Tax
COMMENTS: Not one of these taxes existed 100 years ago,
and our nation was the most prosperous in the world.
We had absolutely no national debt, had the largest middle class
in the world, and Mom stayed home to raise the kids.
What happened?
And I still have to "press 1" for English
I hope this goes around world 10 times
It's America, I shouldn't have to press
anything to hear English. The constitution
was written in English, not Spanish.
I do our taxes myself
and he never even looks at them. Hopefully we won't refinance or anything anytime soon where they'll need to be looked over. I'm going to pay these things off and stop it... hopefully within the year.
I would rather pay more in taxes than to have--sm
someone garnishee my wages for her insurance program that I may or may not want!! Besides, his idea of changing the way taxes are collected is much more fair than the way it is now. Is that all you have against him?? Gotta do better than that!
Taxes
Honey, I feel your pain. And, if at all possible you do need to get on top of your quarterlies. I failed to do that and now owe about $40,000. My husband and I called the IRS and they generally will work with you on a payment plan that you can afford, but unfortunately, interest and penalties contine to accrue. I think as long as they see you are making an effort they will work with you. I think if you make payments to the IRS you can claim that as a deduction for the next year's taxes as well. Best of luck to you!!!
Me, myself and I and my taxes sm
mmm 'scuse me. I had only my IC income and only Federal taxes to pay last year. I paid in $7000 and some. I don't quality for a stimulus check either. Raking it in? Hardly! I pay 30% of my taxable income in taxes and I can only take the standard deduction, plus what came out to about $2000 in office expenses last year. You add up $7K x 3, + 2007 standard deduction for a single person + $2000 and you got my income.
I don't call that raking it in!
taxes
You can claim your adult kids (if you are single) to put you in the head of household category (which is a lower tax bracket) than claiming single. You can't claim married and head of household.
AND
You have to be able to prove you provided over 50% of their expenses, such a rent, food, utilities. If they have a job and are working you can't claim them unless you can still prove what you are paying for them is over 50% of their expenses. So basically they have to have a really lousy job or no job at all or be working spoiled brats! Mine have fit into all of those categories at one time or another.
Indiana taxes
A family I know in Fort Wayne area had taxes double this year since annex of Allen County to Fort Wayne. What can I say, welcome to my world in New Jersey (12,000 for property taxes in a townhouse with no backyard)
I agree wth what you said about taxes
I loved what that professor said on the show about Hurricaine Katrina. Of course we didn't see who could pay before we rescued them. We just needed to help them in a time of natural disaster, and the professor pointed out that if a woman gets breast cancer that IS a natural disaster to her. I don't think she should have a better chance for survival if she is a rich American versus a poor or middle-class American.
If we can afford the very expensive war we have been in for the last 5 years I think we can afford better healthcare for US citizens. I feel like although it is important to be safe from terrorists, the most likely threat in many of our lives isn't a terrorist's bomb; I think it is a disease that will cost us hundreds of thousands of dollars in medical bills that we may or may not be able to pay. I think many Americans die each year because they cannot afford the lifesaving treatment they need to save their own lives, and that is tragedy in my book.
When you file your taxes
NM
Churches should pay Taxes?
My question Do yall think Churches should pay Taxes? I see and hear a lot about some of these well to do Pastors driving MERCEDES and living in fine homes!I personally believe they should why are they exempt?
At least you own property to pay taxes on -
I don't have my own pot to p__s in or window to throw it out of. I was totally depending on that refund to help pay down my gas credit cards.
are your taxes and insurance in with
the house note? By the time you have to pay for these out of pocket, will you realize much difference; I'd say keep paying your house notes and work on the other stuff; just my thinking. DO NOT TOUCH THE 401K; you will be horribly taxed on it as income. Actually, you guys are not that bad off debt-wise, know it's crowded, but you can survive for awhile yet and may another addition to the house would be feasible later; sounds charming, I love rock houses. If you have land, I'd say hold onto this deal, land's getting harder and harder to come by. For sure you don't have homeowner's agency to contend with. This will get better; just keep on keeping on. Good luck.
So how do you know they didn't pay taxes?
Some people on SS file because they make money on the side, or they also have things that give them interest income.
Are you against SS recipients getting money back? After all, those on SS paid in as long as they worked how many years, and they do deserve it. SS doesn't give eough to live on unless you made a fortune in your earlier years. I don't know anyone who can survive on just SS.
What do you do if you owe taxes this year but
Pay part of it? Do they have payment options?
How tough is it to track taxes
Have a job offer but am worried about going IC.
What are you talking about. I work and pay taxes.
p
Do you pay her taxes like a good employer?!
nm
Selling house, how much taxes will I owe?
Never lived at this property, got in my name about 6 years ago, never had it appraised, the person living there before also did not. My question is how much will I owe on taxes, say on a percentage basis, according to what it sells for? How do I go about figuring this out? Thanks.
Must be he owes back taxes or is
wanted for some other crime that worse than $200,00 is good!
Property taxes...oh my goodnes!!
Our area and I think much of the state were being reassessed this year. The first tip was when my husband read in the paper that our particular county did an outstanding job with their assessment and should be an example for the rest of the state. My husband called today to see when we would could be expecting our tax bill and was told they could give us the amount, did he want them too. He told them he really wasn't sure he wanted to hear it!! OK - this marvelous job that our county did was -------- a 60% increase. Can you believe it????? And we do not live in an extravagent area at all! We have to come up with an extra $1900 in three months! Piece of cake!
I fear America is in for tough days ahead. Our society in general cannot keep up with the increases that we see on every hand. Milk - Close to $4 a gallon here. Gas price increases - and we live 30 miles away from anything, work, church, shopping. Cheese - $7 for a pound of cheese!
How can we continue on this pathway when our incomes do not increase at the same rate? Can't our congress people and senators see the predicament we are in??
Another issue along the same line - I'm wishing today that I was on Welfare. If I was on Welfare, I would have no problem running to the eye doctor because I desparately need my lenses changed in my glasses which are at least three years old. My son needs to go to the doctor for an infected, ingrown toenail - no money so he endures it. My daughter needs a graft on the gum line of her teeth where here gumline is beginning to expose the root of the tooth - again no money for that so it won't get done. I could go on and on - but I'm paying for all the Welfare people to go to the doctor for their sniffles. Yes - I have insurance that we would be covered for a major medical expense, cancer, etc - but there is $3000 deductible so none of these smaller things are covered.
OK - I'm totally overwhelmed with these issues right now and I know that I am not the only one with these issues. Thanks for the listening ear and the wonderful sounding board that you all are!!!
When you are sinking in this deep pit - it hard to remember and to comprehend that "MY GOD SHALL SUPPLY ALL YOUR NEEDS ACCORDING TO HIS RICHES IN GLORY." I'm sure He will do that because He never fails. I'm anxious to see how he supplies that need.
You talk like the only ones involved with big taxes
My father got killed in an accident, left me his property, I sold and for upcoming year MY taxes on that ALONE over $13,000.00. I did not fuss, I did not oh woe me- just put that money in the bank to draw interest until tax time. Know I owe and have that set aside. That does not count all the other taxes DH and I pay for the year and I sound like a grinch? Sure don’t get that remark. I am as much into keeping all that I can but EVERYONE (unless on welfare) has to pay their share, until and if they change the laws. I would be glad for any bonus he or I either one got but not happening here, so where does grinch come in?
We pay property taxes in KY on car tags. (nm)
x
SKIING! Taxes done or still procrastinating?
.
Taxes done. Mountains or Ocean?
.
you should only get money back if you pay taxes.nm
nm
Don't do your taxes with Turbotax on line.
I was having problems getting my return to e-file and called customer service for a refund and guess what, customer service is in filthy stinking India. Do not give your business to a company who sends not only jobs but OUR FEDERAL TAX INFO to India! I will never use them again.
I've been paying a lump sum for my taxes
and was starting to get scared that I'm doing it wrong. Actually, my husband was doing the taxes, and this year we're separated. I've just been an IC two years and an MT for a little over three. So is it okay to send it all in April? This will be my first year to write off an office space and such. So many other things were going on before that I had no time to really think this all through. Numbers and taxes and math are not my thing! 
Good, does that mean I can stop paying taxes? - nm
x
They may be citizens and are paying taxes like the rest of us.
What difference does it make?
Help Needed on Taxes/Finance Board
http://forum.mtstars.com/misc/b/7.html
I am close to retirement age and got property taxes
just a few days ago, about $2,250.00- I called and asked if I got anything off when I reached another age, say 70 or so and was told in 2009 I will have reached the golden age of 65 and my taxes would be only about $800.00 per year! Good Golly Miss Molly, talk about good news! The school tax break comes through then for me. There are some good things that come with aging and this is one!
Apparently paying my Iowa taxes
Man, they've gone up. Dang it all to heck.
Otherwise, I'll be using the difference by knocking out my small bills in anticipation of paying off our zillions of dollars worth of student loans in about 800 years.
People on social security who pay no taxes
got back as individual $600 each last time and I know for a fact as my 85 year old aunt was one of those.
Claiming adult kids on your taxes
Can't you claim your kids on your taxes up until they're something like 25, as long as they're still living with you? Even if they're not going to school?
We are in the same boat. First and foremost, file your taxes.
The penalties are huge if you file late. Once you file, it will take about a month, and they will send you a bill. We were able to get a 4-month extension, i.e., extending the due date of the balance. We only had to pay interest and some penalties for paying late - again a fraction of what it costs to file late. That did not cost anything. The next option was setting up a payment plan, and I think that cost $125 to set up plus the interest and penalties for paying late.
They really are not bad to work with, especially this year. I read an article where they have been instructed to work with people, especially in light of the bailouts for large companies. They are very respectful, much better than any creditor I have ever worked with, and as long as you are working with them, I think you'll be just fine.
yippee, whoohoo -- just finished my taxes!!!
talk about procrastination...dang! down to the last minute, i'm still trying to gather up last year's paperwork. then, about had a panic attack as i was finishing up, wondering, what if i get audited? just glad it's done, i think.
I did my taxes in February, no reason why $ shouldn't be here today
:(
We got our check last week. We electronically filed our taxes
and check was a direct deposit. This will help us with our home improvements.
Would filing your taxes late affect your stimulus check?
We filed an extension, and then sent our return out about two weeks late. We are getting a refund, so it wasn't like we owed the IRS or anything. It was just a complicated return and we were just procrastinators.
Is it just me or does the fuel surcharge for speeders sound like another way to raise taxes? nm
x
With the prices of homes and property taxes today, just about everyone is house poor.
It's so sad when you can't go out to dinner often, buy nice expensive things for yourself *just because*, go on lots of trips, go to sports things, see shows/concerts, etc., all because you own a house. I'd truly rather rent and ENJOY my life! :)
buy every month
Melaleuca products you have to buy 35 products points each month to keep your account. Which is anywhere from $40 a month to whatever you want to buy. You don't necessarily have to work the business part you can earn a check each month without actually signing up any customers. Customers will be put under you by other people and you will be making money off of the products that they buy. That is waht my mother does. She isn't in it for the business she just loves the products and still gets a check each month
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