who's paid their taxes and how much?

[NAILER341]

Originally posted by igofshn
Actually there are so many 1st time buyer programs that all you really need is about 5%.

i did a 3% loan when we bought our house... shortly after the interest rates fell, and i refinanced to a 15 year loan at 5%. i'd like to see it hit 4.3-4.4, and i'd refinance again the points will kick your ass in the refinance deals. i want zero points, 4.375 or less for 15 years, and i'll sign up

[NAILER341]

i hear you on the home values! i bought mine for 169 five years ago. now it is worth 430-450! amazing! just amazing. if i could have only afforded 10 more of these i could relax, and let the money roll in.

[mikeythefireman]

We bought our condo with no cash down. Pulled the conventional 80/20 loan. Refied to bring the rate down to something manageable and already have 65K in equity. We haven't even been here for two years. As much as I hate the prices down here, there's a lot to be said for that kinda profit. Hopefully we'll be able to put 40-50% down on a home in WA state.

[igofshn]

Actually there are so many 1st time buyer programs that all you really need is about 5%.

[jmbrowning]

Only need 20% of the 300K, that's 60K. The bank provides the remainder, unless you are planning on getting a $1.5 million crib.

Then you can borrow against equity and pay off non-deductible loans as the interest on the mortgage IS deductible. Ask your tax professional about it!

[blkTJ]

Originally posted by igofshn
Brian,

Buy a house. Lots of deductions.

that's the plan eventually... now if i only had $300 grand.

[igofshn]

Originally posted by blkTJ
I owed CA half of what I'm getting back from the fed. man I need more write offs. if i could only deduct jeep mods.... :yay:

Brian,

Buy a house. Lots of deductions.

[JeepGal]

Cool

I snickered a bit with the "tossin the kids up there" comment.

Too funny

Shame you cant come out to Cali and wheel with us.

Tam

[jeepchick1979]

I got 6 K back and spent it 2 months ago on bills and Jeep stuff. Got a 5.5 SPOA lift for my YJ and some 33's. Next year hoping to get some cool toys to bolt on too So that made it about 7 inches of suspension lift total....Getting harder to toss the kids way up there...lol

[mikeythefireman]

Done and spent the refund already. I'm technically a WA state resident and we don't have state taxes, so I only had to worry 'bout the Feds. First full year living in the condo so we had a healthy deduction from the interest. Didn't get to play with the money, though. Hadda replace my brake system.

[EvilPsych]

Originally posted by blkTJ
....if i could only deduct jeep mods.... :yay:

ah. all depends on your job. If you've used your jeep in the pursuit of your business, or for inventory etc. you can. I got to write off my winch this year because the times i've used it i was pursuing inventory on private property or for maintenance at my shop.

[king4wd2]

We rec'd a healthy return. Yes, it does help that you have kids and a house to write off. Next year, I will be claiming my daycare and more write offs i.e., electric, phone & gas, etc. Our returns was spent on Jeep mods and road bike equipment. Marvin will be getting a 4" lift installed sometime this month and bigger tires ! YAY

Now I just need a step ladder to climb in when I get further along in my pregnancy

[blkTJ]

I owed CA half of what I'm getting back from the fed. man I need more write offs. if i could only deduct jeep mods.... :yay:

[JeepJunkie]

Hey guys dont feel so bad. Im 15 and im paying taxes. All be it only 85 bucks it's still my hard earned money. Luckily i had some deductions. originally it was around 170 bucks. Can you belive it! the gov't is already taking my money.

[goodtimes]

Mine is all figured up, and sitting here, waiting for me to write the check. I'm giving CA another $300 on top of what I already paid them. The way the state figures tax for part year residents is stupid. CA is figuring my tax based off of what I made in both AZ and CA, divided by the % of the year I spent in CA. Since I make more here than I did there, I am in a higher tax bracket, and now have to pay them more, even though while I lived there, I paid the tax appropriate to the amount of money I made (lower tax bracket).

AZ on the other hand doesn't care what I made while in CA, they only tax me based off of what I made here, and the % of the year that I was here.

CA and their crooked tax system can bite my a**! :mad:

Ok, I feel better now.

EDIT*****

All told, I paid just shy of $18K.

Ok, I don't feel better anymore, I think I'm gonna go puke.