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-   -   Taxes - Fed/State/Property/Sales (https://www.airlinepilotforums.com/major/149148-taxes-fed-state-property-sales.html)

172skychicken 01-08-2025 08:04 AM


Originally Posted by Stan446 (Post 3868511)
Really? Its a graduated tax system. 450K was about 90K fed liability. And I live in a state with no income tax.

Your deductions were substantial if your fed liability was only 90k off of 450k.

Chub 01-08-2025 08:17 AM


Originally Posted by 172skychicken (Post 3868537)
Your deductions were substantial if your fed liability was only 90k off of 450k.

450k AGI, married filing jointly, standard deduction, equates to about $90k fed income taxes, and about $15k in FICA taxes.

172skychicken 01-08-2025 08:47 AM


Originally Posted by Chub (Post 3868541)
450k AGI, married filing jointly, standard deduction, equates to about $90k fed income taxes, and about $15k in FICA taxes.

I was including the FICA taxes. Should've been more clear.

FangsF15 01-08-2025 09:43 AM


Originally Posted by Chub (Post 3868541)
450k AGI, married filing jointly, standard deduction, equates to about $90k fed income taxes, and about $15k in FICA taxes.

Breaking out State taxes is fine, but in this context breaking down Federal “taxes” between FICA, SS, and Medicare is utterly irrelevant and a distraction.

It all goes in one check to the US Treasury...

Chub 01-08-2025 04:10 PM


Originally Posted by FangsF15 (Post 3868576)
Breaking out State taxes is fine, but in this context breaking down Federal “taxes” between FICA, SS, and Medicare is utterly irrelevant and a distraction.

It all goes in one check to the US Treasury...

I agree I was just replying to the guy replying to Stan about the 90k for Fed income not being accurate.

Dynamiterabbit 01-08-2025 08:59 PM


Originally Posted by HotSnakes (Post 3868738)
Ohio Taxes Suck.(Proposed legislation to phase out State Taxes god willing it will pass )

Ohio has one of the lowest top marginal tax rates in the country (3.5%). Are there other taxes you’re talking about? (I’m not from Ohio, just curious)

Recliner 01-09-2025 05:50 AM


Originally Posted by Dynamiterabbit (Post 3868765)
Ohio has one of the lowest top marginal tax rates in the country (3.5%). Are there other taxes you’re talking about? (I’m not from Ohio, just curious)

One might say FL, WY, NH, SD, NV, TN, and TX are a little lower :)

PineappleXpres 01-09-2025 06:32 AM


Originally Posted by Recliner (Post 3868836)
One might say FL, WY, NH, SD, NV, TN, and TX are a little lower :)

Not in Property tax, Home owners insurance, car insurance, sales tax, toll fees/car registration, and health care insurance gaps. That’s mostly in reference to FL. Commuting costs thanks to delayed upgrade, missed premium, redundancies (beater car, crash pad, extra eating out), and more time missed at home for the actual commute will all result in a net loss over the 3.5% income tax. The spreadsheet doesn’t lie.

PineappleXpres 01-09-2025 06:35 AM


Originally Posted by bonvoyage (Post 3868622)
I love how you add military pay in the total for year 1/2 DAL FO

I do too. I want to know everyone’s side hustle and investment return income.

FangsF15 01-09-2025 06:36 AM


Originally Posted by PineappleXpres (Post 3868844)
Not in Property tax, Home owners insurance, car insurance, sales tax, toll fees/car registration, and health care insurance gaps. That’s mostly in reference to FL. Commuting costs thanks to delayed upgrade, missed premium, redundancies (beater car, crash pad, extra eating out), and more time missed at home for the actual commute will all result in a net loss over the 3.5% income tax. The spreadsheet doesn’t lie.

My thoughts exactly. They get you one way or another.


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