# Taxes **URL:** \ **Category:** Shift518 Off Topic\ **Created:** [March 9, 2008, 7:43pm UTC](https://forums.speedlife.net/t/taxes/235974 "2008-03-09T19:43:44Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Shawn96VR-4](https://avatars.discourse-cdn.com/v4/letter/s/eada6e/32.png) [@Shawn96VR-4](https://forums.speedlife.net/u/Shawn96VR-4)\ **Post date:** [March 9, 2008, 7:43pm UTC](https://forums.speedlife.net/t/taxes/235974/1 "2008-03-09T19:43:44Z")
Did my taxes today and I had to hold back the tears. My bonus comes after the fiscal year so I only had to ‘claim’ 75% of my salary. Without further delay: I paid ~$20K in taxes but received less than $1K back. I OWED NYS. WTF? ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [March 9, 2008, 8:01pm UTC](https://forums.speedlife.net/t/taxes/235974/2 "2008-03-09T20:01:51Z")
I don’t want to talk about it because I’ll just get mad. :headbang ---
**Author:** ![d\_gage](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/d_gage/32/6321_2.png) [@d\_gage](https://forums.speedlife.net/u/d_gage)\ **Post date:** [March 9, 2008, 8:45pm UTC](https://forums.speedlife.net/t/taxes/235974/3 "2008-03-09T20:45:20Z")
things can always be worse… ---
**Author:** ![big\_red](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/big_red/32/6328_2.png) [@big\_red](https://forums.speedlife.net/u/big_red)\ **Post date:** [March 10, 2008, 6:34am UTC](https://forums.speedlife.net/t/taxes/235974/4 "2008-03-10T06:34:12Z")
i always owe state :headbang ---
**Author:** ![bennyfizzle](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bennyfizzle/32/6291_2.png) [@bennyfizzle](https://forums.speedlife.net/u/bennyfizzle)\ **Post date:** [March 10, 2008, 6:35am UTC](https://forums.speedlife.net/t/taxes/235974/5 "2008-03-10T06:35:32Z")
Made 23k, paid like 7k in taxes, got $800 back, and $72 back from state…FUCK ---
**Author:** ![votblindub](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/votblindub/32/6280_2.png) [@votblindub](https://forums.speedlife.net/u/votblindub)\ **Post date:** [March 10, 2008, 6:35am UTC](https://forums.speedlife.net/t/taxes/235974/6 "2008-03-10T06:35:44Z")
> [@d. gage](#): > > things can always be worse… agreed ---
**Author:** ![GranMassaX](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/granmassax/32/6299_2.png) [@GranMassaX](https://forums.speedlife.net/u/GranMassaX)\ **Post date:** [March 10, 2008, 6:41am UTC](https://forums.speedlife.net/t/taxes/235974/7 "2008-03-10T06:41:09Z")
owe state $333, got $2800 back from federal… perk of being a homeowner. ---
**Author:** ![Allstar\_Graphics](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/allstar_graphics/32/6287_2.png) [@Allstar\_Graphics](https://forums.speedlife.net/u/Allstar_Graphics)\ **Post date:** [March 10, 2008, 8:43am UTC](https://forums.speedlife.net/t/taxes/235974/8 "2008-03-10T08:43:30Z")
got 1400 federal and 40 from the state ---
**Author:** ![Shawn96VR-4](https://avatars.discourse-cdn.com/v4/letter/s/eada6e/32.png) [@Shawn96VR-4](https://forums.speedlife.net/u/Shawn96VR-4)\ **Post date:** [March 10, 2008, 8:49am UTC](https://forums.speedlife.net/t/taxes/235974/9 "2008-03-10T08:49:54Z")
You guys including the huge tax rebate check from GWB? I plan to put that into savings so the plan didn’t work for me… ---
**Author:** ![bennyfizzle](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bennyfizzle/32/6291_2.png) [@bennyfizzle](https://forums.speedlife.net/u/bennyfizzle)\ **Post date:** [March 10, 2008, 8:53am UTC](https://forums.speedlife.net/t/taxes/235974/10 "2008-03-10T08:53:27Z")
No, not including that…you got yours already? :wtf And I’m spending the SHIT out of it :nod ---
**Author:** ![Allstar\_Graphics](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/allstar_graphics/32/6287_2.png) [@Allstar\_Graphics](https://forums.speedlife.net/u/Allstar_Graphics)\ **Post date:** [March 10, 2008, 8:59am UTC](https://forums.speedlife.net/t/taxes/235974/11 "2008-03-10T08:59:54Z")
yea wtf shawn? did you get yours allready? i heard it was just going to be an advance on next years tax returns ---
**Author:** ![K20power](https://avatars.discourse-cdn.com/v4/letter/k/41988e/32.png) [@K20power](https://forums.speedlife.net/u/K20power)\ **Post date:** [March 10, 2008, 9:05am UTC](https://forums.speedlife.net/t/taxes/235974/12 "2008-03-10T09:05:35Z")
I’ve gotten mine back already, fuckin got shit…like 300$ :sad and had to pay 100$ ---
**Author:** ![GranMassaX](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/granmassax/32/6299_2.png) [@GranMassaX](https://forums.speedlife.net/u/GranMassaX)\ **Post date:** [March 10, 2008, 9:08am UTC](https://forums.speedlife.net/t/taxes/235974/13 "2008-03-10T09:08:08Z")
> [@Shawn96VR-4](#): > > You guys including the huge tax rebate check from GWB? I plan to put that into savings so the plan didn’t work for me… nope… don’t qualify ☹ ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [March 10, 2008, 9:09am UTC](https://forums.speedlife.net/t/taxes/235974/14 "2008-03-10T09:09:12Z")
> [@d. gage](#): > > things can always be worse… Good point, I guess I could not have enough to pay. I’ve paid $68k combined(I don’t know the breakdown off the top of my head) and owe an additional $122k combined, selling your business FTL ---
**Author:** ![Shawn96VR-4](https://avatars.discourse-cdn.com/v4/letter/s/eada6e/32.png) [@Shawn96VR-4](https://forums.speedlife.net/u/Shawn96VR-4)\ **Post date:** [March 10, 2008, 9:09am UTC](https://forums.speedlife.net/t/taxes/235974/15 "2008-03-10T09:09:19Z")
I didn’t get it yet. I believe it comes after you file your taxes. One note of caution, the economy went to shit under GWB. Trust me when I say that IRS is looking to generate revenue. I’d be concerned about the USE tax too. I put $1000. ---
**Author:** ![Shawn96VR-4](https://avatars.discourse-cdn.com/v4/letter/s/eada6e/32.png) [@Shawn96VR-4](https://forums.speedlife.net/u/Shawn96VR-4)\ **Post date:** [March 10, 2008, 9:09am UTC](https://forums.speedlife.net/t/taxes/235974/16 "2008-03-10T09:09:48Z")
> [@GranMassaX](#): > > nope… don’t qualify ☹ Why not? I think I got back $505? ---
**Author:** ![GranMassaX](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/granmassax/32/6299_2.png) [@GranMassaX](https://forums.speedlife.net/u/GranMassaX)\ **Post date:** [March 10, 2008, 9:13am UTC](https://forums.speedlife.net/t/taxes/235974/17 "2008-03-10T09:13:14Z")
> [@Shawn96VR-4](#): > > Why not? I think I got back $505? I haven’t been keeping up to date about the latest extra rebate info, but last I knew if you made over a certain amount last year than you get nada. What are the specs for this rebate? ---
**Author:** ![plaf713](https://avatars.discourse-cdn.com/v4/letter/p/439d5e/32.png) [@plaf713](https://forums.speedlife.net/u/plaf713)\ **Post date:** [March 10, 2008, 9:36am UTC](https://forums.speedlife.net/t/taxes/235974/18 "2008-03-10T09:36:10Z")
i think if you make under 150k a year, atleast thats what i heard? someone chime in ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [March 10, 2008, 9:39am UTC](https://forums.speedlife.net/t/taxes/235974/19 "2008-03-10T09:39:32Z")
Under the terms of the package, single filers will get a maximum $600 rebate, which will phase out for taxpayers with adjusted gross incomes between $75,000 and $87,000. Married couples will get a maximum $1,200 rebate, which will phase out between $150,000 and $174,000 in income. In addition, parents will get $300 for each child. I’m not sure if this is 100% correct, I think it only includes earned income and is NOT based on AGI. ---
**Author:** ![timmay](https://avatars.discourse-cdn.com/v4/letter/t/6a8cbe/32.png) [@timmay](https://forums.speedlife.net/u/timmay)\ **Post date:** [March 10, 2008, 9:46am UTC](https://forums.speedlife.net/t/taxes/235974/20 "2008-03-10T09:46:15Z")
More exceptions: — An individual with $2,500 in earned income in 2007: Disqualified because income fell below the $3,000 threshold. No rebate. — A married couple with no children, with adjusted gross income of $100,000 in 2007: Would qualify for the full $1,200 couples. A $1,200 rebate. — A worker with one child, who earned $9,000 and owed no taxes in 2007: Would qualify for the $300 rebate available to individuals who pay no taxes but earned at least $3,000, plus an additional $300 for the child. A $600 rebate. — A couple with income of $145,000 in 2007, with three children: Would qualify for the full $1,200 for couples, plus $300 for each child. A $2,100 rebate. — A couple with income of $160,000 in 2007 with two children: Would qualify for a partial rebate, reduced by 5 percent for every $1,000 in income above the $150,000 threshold. An $1,800 rebate — $1,200 for the couple plus $300 per child — would go down by 50 percent for this family. A $900 rebate. — A couple with income of $200,000 and four children: Disqualified because their income exceeded $174,000, the phase-out limit. No rebate. — An individual with adjusted gross income of $23,000 and no dependents: Would get a rebate of $600. — A couple with adjusted gross income of $160,000 and two children: Would get a rebate of $1,300. — A couple with adjusted gross income of $184,000 and two children: Would get a $100 rebate. [Next page](https://forums.speedlife.net/t/taxes/235974.md?page=2)