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Old 01-13-2013, 05:19 PM   #1
Luc r
Scooby Specialist
 
Member#: 332784
Join Date: Sep 2012
Chapter/Region: TXIC
Vehicle:
06 wrx, fp green
sgm

Default tax question

so i did the little calculator, and its showing ill be getting $500 less than last year. ive been making double of what i was last year this whole year. is this the case because of the fiscal cliff? and i heard that the ATRA law might be in affect and would get more money. anyone a guru on taxes??
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Old 01-13-2013, 05:54 PM   #2
rudymcskoody
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Member#: 257618
Join Date: Sep 2010
Chapter/Region: TXIC
Location: lewisville, tx
Vehicle:
2006 wrx
aspen white

Default

You are in a different tax bracket now. The more money you make the more taxes you pay and the less you get back
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Old 01-13-2013, 05:56 PM   #3
Luc r
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Member#: 332784
Join Date: Sep 2012
Chapter/Region: TXIC
Vehicle:
06 wrx, fp green
sgm

Default

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Old 01-13-2013, 05:56 PM   #4
SGC2CIC
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Member#: 286908
Join Date: Jun 2011
Chapter/Region: TXIC
Location: Dallas Texas
Vehicle:
2006 WRX STI
2014 EVO GSR

Default

When you make more money you could be put in a different tax bracket so you don't get as much of a return depending what you claim on your W2.

http://www.moneychimp.com/features/tax_brackets.htm
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Old 01-13-2013, 06:09 PM   #5
Luc r
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Member#: 332784
Join Date: Sep 2012
Chapter/Region: TXIC
Vehicle:
06 wrx, fp green
sgm

Default

any tips when i go to h&r block to claim more?
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Old 01-13-2013, 06:27 PM   #6
HonduHunter
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Member#: 28408
Join Date: Oct 2002
Chapter/Region: TXIC
Location: San Antonio, Tx
Vehicle:
2002 vf48ed WRX
PSM

Default

That calculator just made me depressed.

Last edited by HonduHunter; 01-13-2013 at 07:11 PM.
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Old 01-13-2013, 06:57 PM   #7
Luc r
Scooby Specialist
 
Member#: 332784
Join Date: Sep 2012
Chapter/Region: TXIC
Vehicle:
06 wrx, fp green
sgm

Default

yup i was planning on upgrading turbos...
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Old 01-13-2013, 10:16 PM   #8
Rancid
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Member#: 3272
Join Date: Dec 2000
Chapter/Region: TXIC
Location: I'm a pirate.
Vehicle:
2014 FiST
White

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Your tax return is an interest free loan to the government based on taxes you overpaid throughout the year, not a cash bonus.

Also, FairTax.org
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