taxes

Apr. 14th, 2024 12:05 am
scrottie: (Default)
[personal profile] scrottie
Welp... taxes more or less done. Last year I made a bit more than the previous year and taxes about doubled from the previous year. This year, I made a bit more again and taxes nearly tripled from that. So I guess this must be the infamous "get fucked" tax bracket. About half of the extra I made over last year goes to taxes. That includes paying back about 3/4ths of the "health marketplace" insurance premium subsidies. The subsidies on those have a longer tail than I expected; last year, I kind of freaked out when I saw I had to pay back about a quarter on those (and then updated my income on coveredca.com), but decided to keep it. Cancelled it now. I've never used this insurance. Sometimes you talk to some old people who talk about how great it is, and how they get all of these pills for almost nothing, and everyone seems to really care, but almost universally, it's reviled. They fight you tooth and nail. The processes for anything are impossible. You go for months with them foot dragging and fighting. You don't get a diagnosis, you get an autopsy, while paying inflated rates out of pocket for each visit up until the $8,000 or whatever copay level. So I have to wonder if they generally treat old people different than younger people. But apparently not always... maybe working class old people get lumped in with the rest of us?

Going to sleep on this and wait and see if anything brilliant occurs to me. This is going to mostly wipe out savings. Of course, I should have been estimating taxes as I went throughout the year and budgeting then, but I say that every year. Maybe this year I'll actually use the tax site to do that. Take-home winds up not being that much so I never feel like socking a bunch of money away is really attractive. Usually what happens is the new year starts to come around and I start buckling down hard on work and grinding to try to earn and save enough in those five or so months to pay all the taxes for the last year. That used to work.

Looks like my effective tax rate is 27%, just for federal. Can't help thinking about how giant corporations have an effective rate of 0%.

Edit: Part of this stupidity is staring at the screen for at least two solid days and then being fried on computer right as the full impact of the financial fuckery is hitting.
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