Tax Time

Yipee, taxes are done and E-filed (all three returns, Fed, State, Local)... now if I can save up some money for my legal defense for when I go to jail.

Matthaus wrote:Yipee, taxes are done and E-filed (all three returns, Fed, State, Local)... now if I can save up some money for my legal defense for when I go to jail.

I'll bring you a cake with a file baked in it. What flavor?

I filed for an extension for the fed and state. Just didn't have the ambition to do it after the kid's and my mother's.
At least we don't file local. Is that a Pennsy thing?

Matthaus wrote:Yipee, taxes are done and E-filed (all three returns, Fed, State, Local)... now if I can save up some money for my legal defense for when I go to jail.

Send me the check ,I will make sure they get it I promise .

Wood'nCoal wrote:... Is that a Pennsy thing?

Yep each city has a personal income tax, in our town we have the pleasure of paying 1.9%.

Matthaus wrote:

Wood'nCoal wrote:... Is that a Pennsy thing?

Yep each city has a personal income tax, in our town we have the pleasure of paying 1.9%.

In Maryland the additional local tax is by county. Ranges between 1.25 percent and 3.20 percent. Generally the counties with more citizens and hence more public services pay the higher rates.

That would explain, at least in part, why property taxes are so high in New Jersey. We don't pay any local income tax. In 18 years I have seen my property taxes more than double.

Yeah guess I'm not really complaining, I pay way less than Jersey Property tax rates all things considered, not sure about MD.

Uh oh... still need to do local taxes. OH WELL! April 16th still cool? Just kidding - where I live, sending in the local info late is not a big deal...

later!

pret wrote:Uh oh... still need to do local taxes. OH WELL! April 16th still cool? Just kidding - where I live, sending in the local info late is not a big deal...

later!

Top Secret........They'll all give you a one day grace period anyway......Shhhhhhhhhhhhhhh


(Beyond that, filing late is one of the worst things you can do, as far as IRS penalties are concerned. They assess a 5% per month (up to 25%) penalty on any amount you owe.......Just for filing late! (Late Filing Penalty) They even photocopy the Post Office cancellation stamp to show the date when it was received. This penalty is added onto any other penalties & interest.
(those figure were accurate as of when I used to work there.....about a million years ago!)

Actually local tax filers in PA have until May 1 to complete the filing in most places.

Wood'nCoal wrote:That would explain, at least in part, why property taxes are so high in New Jersey. We don't pay any local income tax. In 18 years I have seen my property taxes more than double.

It took only 9 years for my property taxes to double... and for that, I get...... virtually nothing.. a local volunteer fire department, no local police,, I have to use the state police,

I pay for garbage pickup,, and I often have to do my own work on the 'road' out front.. the potholes start to swallow vw's at times... a good use for ash !

Greg L

LsFarm wrote:

Wood'nCoal wrote:That would explain, at least in part, why property taxes are so high in New Jersey. We don't pay any local income tax. In 18 years I have seen my property taxes more than double.

It took only 9 years for my property taxes to double... and for that, I get...... virtually nothing.. a local volunteer fire department, no local police,, I have to use the state police,

I pay for garbage pickup,, and I often have to do my own work on the 'road' out front.. the potholes start to swallow vw's at times... a good use for ash !

Greg L

Same here, surrounding towns have state police coverage, we have a PD, all 4 of them.
I have to say the road dept. is great though. They are out treating the roads even before it starts to snow in many instances.

We have a town council form of government, usually it's the same people year after year. They take turns being the mayor.

For the most part I can't complain, except for the taxes.

I think all you guys are complaining too much! You're paying for the great view of the sky you all have!
My town also has very few amenities & we too have to bring our garbage/trash to the town dumps, & pay $125.00/year for that privilege. I can't really complain too much though as I have put my 3 girls through the public schools, have 2 Grandsons currently in them & one granddaughter who will be going in a few years.

Wonder how many got caught at Post Office, our local town PO wasn't going to stay open past normal hours of 5pm...... They said with all the E-filings, it wasn't worth for the past few years to stay open late....that's what happens when you wait....

Matthaus wrote:Yeah guess I'm not really complaining, I pay way less than Jersey Property tax rates all things considered, not sure about MD.

I have quite a few retired friends what have moved from MD to PA because PA doesn't tax retirement benefits. But what they find is the total tax is about the same because PA has a school district tax that can be quite high in growing areas where there is a demand for school construction. In MD education is a state responsibility so ideally the state funds the new school construction. It doesn't quite work out that way because there is always more demand for the money then the state budget will allow. So many local counties spend there own, hoping to collect from the state later.