Tax Season

I would feel better about giving 50% of my income to federal, state, local income, property and sales taxes IF they spent the money better (with little going overseas) and weren't trillions in debt with trillion dollar deficits and monetary policies that will likely cause hyperinflation and austerity measures that crash life as we know in my lifetime.

I don't see my taxes going to as many worthwhile things that help the lives of a typical person.

I vote against any school tax levy increase. They use the money to build overpriced schools with huge sports complexes and overpay the non-teacher bloat. The average student cost in the state is around $13,500 per year. So an average class is $350,000 to $400,000 year. I doubt the individual classroom and teacher cost that. Test scores and graduation rates keep going down and they constantly complaign about under funding causing it instead of their focus on teaching garbage rather than actual life skills.

The federal government is a bloated joke that's $35 trillion under water and spending twice what it takes in yearly. If it was a person, we would have arrested them for fraud.

$13,500 your lucky see the below (from 2021) on LI, NY schools

"The number one spot went to the Syosset School District which spends $32,125 per student. Another Long Island school district, the Middle Country School District in Brookhaven, ranked at number 50, spending $22,881 per student."
 
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$13,500 your lucky see the below (from 2021) on LI, NY schools

"The number one spot went to the Syosset School District which spends $32,125 per student. Another Long Island school district, the Middle Country School District in Brookhaven, ranked at number 50, spending $22,881 per student."

We don't have enough people to pay that. School comes out of property taxes and ours are some of the highest in the country. Mine are ~$6500/year.

My house is almost paid off and it will still cost $1000/month for property taxes and insurance to live here.
 
We don't have enough people to pay that. School comes out of property taxes and ours are some of the highest in the country. Mine are ~$6500/year.

My house is almost paid off and it will still cost $1000/month for property taxes and insurance to live here.
I'm in total agreement, but your taxes could be a lot worse. I have a friend that owns a house in Jersey City. His property taxes on a "fixer upper" are $20K/year. I stopped complaining after I heard that.
 
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Four years ago we quit the rat race. I quit my job and retired and my wife cut back to a 9 month a year contract.

We work to stay in the 12% tax bracket. I see no reason to work hard, earn more, then give a larger percentage to the government so they can fund gender studies, pay for wars and all the other things that this county can easily do without.
 
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I'm in total agreement, but your taxes could be a lot worse. I have a friend that owns a house in Jersey City. His property taxes on a "fixer upper" are $20K/year. I stopped complaining after I heard that.

I paid $400 this year for my two acres an hour from the city just across the county line. The personal property tax rate here is 1/2 of the city. I’m saving where I can 🤷.
 
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Four years ago we quit the rat race. I quit my job and retired and my wife cut back to a 9 month a year contract.

We work to stay in the 12% tax bracket. I see no reason to work hard, earn more, then give a larger percentage to the government so they can fund gender studies, pay for wars and all the other things that this county can easily do without.

That's my goal now. Retire early, work as little as possible for cash. A garden to sell excess and eat cheaper/better. Get tax rates as low as possible.

Tune out before it gets crazier. I've been doing an analysis for a couple years on how much is needed. My utilities analysis needs a good summer to size my auxiliary power system. Buy that and install to cut peak utility costs and get ahead of the greenies screwing up energy.

Or I win the powerball.
 
I'm in total agreement, but your taxes could be a lot worse. I have a friend that owns a house in Jersey City. His property taxes on a "fixer upper" are $20K/year. I stopped complaining after I heard that.

We have been in the house 22 years. To the west of us, the houses aren't much bigger, but newer and much more expensive. Easy $10k to 15k range of taxes.

There are $1-2 million houses on a nearby lake. Those would pay 15k-30k a year.

I think we are 6th in the country for levy rates. They have been working to lower property taxes and shift them to help seniors stay in their homes.
 
I never planned on living in Georgia long term. By age 65, we are paying no state income tax on 130k of retirement income. Home values are well below the national average. I pay low property taxes and low insurance rates, but I can't sell and buy a comparable home out west for the same money. The cost of living is below the national average and Georgia has a 7B budget surplus.

Yesterday we left the house at 2:30. We grabbed a couple burgers, drove to a nice park and had lunch. I went to the post office, had my tax return envelopes weighed and paid the postage, then drove to the DMV and renewed two car tags. Finally, we went through the automatic car wash and vacuumed the inside. We get unlimited car washes for $20 a month. We were back home about 3:30. Where else can I live and do all that in about an hour?
 
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We don't have enough people to pay that. School comes out of property taxes and ours are some of the highest in the country. Mine are ~$6500/year.

My house is almost paid off and it will still cost $1000/month for property taxes and insurance to live here.

property taxes around $16K/year, 63% of that goes to schools, next biggest line item in county police.
 
Ouch. I paid $3120 property tax last year for a home valued at $240k + $4200 to insure the house, motorhome, 65 & 67 Mustang, 99 TJ and 22 Santa Cruz.
 
Ouch. I paid $3120 property tax last year for a home valued at $240k + $4200 to insure the house, motorhome, 65 & 67 Mustang, 99 TJ and 22 Santa Cruz.

Our cars are not taxed yearly, house is probably valued at $800k (nothing unusual here) on a 1965 2100 sq' colonial. My backyard neighbors tax rate is over $32K. The house I built in PA in 2020 is 3200 sq', valued probably in the $500K range is only $5800/year property and school tax.
 
I get a break on car tags for being a veteran. It's about $125 to register all 5 vehicles, and just the motorhome is $70 of that due to the GVWR.
 
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Taxes were filed monday...getting about 5K refund (business losses). Not the way I like to get refunds. I'd MUCH rather have to make my quarterlies, because that means my business is doing well and the 70 employee mouths (who knows the number, including families) that are counting on me and my decisions are doing well.
 
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Taxes were filed monday...getting about 5K refund (business losses). Not the way I like to get refunds. I'd MUCH rather have to make my quarterlies, because that means my business is doing well

I got my stuff to my accountant yesterday. I don't know how things are going to shake out yet, but last year was my worst year in probably the previous 10. My gross was down about 45% from the average of the three previous years. :(
 
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