Feb 20 2007

Very Taxing

Published by at 9:48 pm under Personal,Poker

Should five per cent appear too small,
Be thankful I don’t take it all.
‘Cause I’m the taxman
–The Beatles

Well, Amy finished the taxes this morning since she had the day off with sickly kids. Good news is, we actually get money back. I am of the Fool’s mind that you shouldn’t try and get money back, but our estimation of taxes hasn’t been that good over the years and getting money back is surely better than having to pay in about two weeks worth of my income in taxes like last year. I didn’t make any adjustments but there were plenty of other events that affected this, mostly revolving around Zoe. First off, Zoe is another dependant deduction. Then Amy took the summer off after Zoe was born so that decreased her yearly income by at least a quarter of what it was the prior year. She also lost a few clients over the time that she was off. This didn’t concern us terribly as we were both hoping to reduce her load. Amy would have had more trouble with deciding who to cut if she needed to do it her self, so better off this way.

First good financial news we’ve gotten all year in lieu of all the poker havoc that is being reeked. As far as that goes, I’ve heard from several places that former senator Al D’Amato is joining the PPA so I’m gonna cross my fingers that headway can be made yet this year concerning online poker.


2 responses so far

2 Responses to “Very Taxing”

  1. gadzooks64on 20 Feb 2007 at 10:49 pm

    I did ours a while back. Finally got around to actually FILING them.

    I’m also of the break even crowd.

    We got 180 back from state and owe 290 to feds. I call that breaking even.

    I know too many people that fund their spring break vacation with their tax refund. Not smart at all.

  2. Anthonyon 21 Feb 2007 at 9:49 am

    Yeah, that’s about where I would like to be. It’s hard to calculate though since Amy’s earnings change so much year to year and estimating them isn’t all that easy. Still again this year, I’m not sure what if any adjustments I should make. Taxes blow. I’ll leave it at that.

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