Thorp and Sailor's Grave Board

Taxes are weird...

XnMeX - 1-26-2007 at 12:46 PM

Me and my fiance work at the same place, she worked there all last year and I just started in august so she made about $14,000.00 dollars more than me, that is the only income we filed. We both filled "0" on our deductions (or whatever the heck they are) and I ended up getting a bigger return that her...

I am getting about $100.00 more than her...

It baffles me...

newbreedbrian - 1-26-2007 at 12:53 PM

she would be in a higher tax bracket than you and would likely pay a slightly higher percentage, hence her smaller refund.

clevohardcore - 1-26-2007 at 01:08 PM

Quote:
Originally posted by newbreedbrian
she would be in a higher tax bracket than you and would likely pay a slightly higher percentage, hence her smaller refund.






^^^^ what he said.

XHonusWagnerX - 1-26-2007 at 01:33 PM

Yah... the less you make the more you get back. Because the less you make the less they expect you to be able to pay.

necrobutcher - 1-28-2007 at 04:50 AM

Like a few previous posters stated, the amount you make puts you into different tax brackets and in addition to that, the number of exemptions plays a factor as well. The less you take, the more your weekly take out is. Then, when you file your 1040, that amount cuts down your yearly liability. It's pretty much when you want to pay. I never take any exemptions so I always get some cash back from the yearly filing.