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who's paid their taxes and how much?

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  • NAILER341
    replied
    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

    Leave a comment:


  • NAILER341
    replied
    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.

    Leave a comment:


  • mikeythefireman
    replied
    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.

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

    Leave a comment:


  • jmbrowning
    replied
    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!

    Leave a comment:


  • blkTJ
    replied
    Originally posted by igofshn
    Brian,

    Buy a house. Lots of deductions.
    that's the plan eventually... now if i only had $300 grand.

    Leave a comment:


  • igofshn
    replied
    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.

    Leave a comment:


  • JeepGal
    replied
    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

    Leave a comment:


  • jeepchick1979
    replied
    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

    Leave a comment:


  • mikeythefireman
    replied
    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.

    Leave a comment:


  • EvilPsych
    replied
    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.

    Leave a comment:


  • king4wd2
    replied
    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

    Leave a comment:


  • blkTJ
    replied
    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:

    Leave a comment:


  • JeepJunkie
    replied
    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.

    Leave a comment:


  • goodtimes
    replied
    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.
    Last edited by goodtimes; 04-06-04, 09:19 PM.

    Leave a comment:

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