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Relocation, et al

Posted on 2007.08.31 at 09:10


wardlejew at 2007-08-31 17:32 (UTC) (Link)
Did you know Relocation Reimbursement is taxable income? I didn't. Until last night. I budgeted on the amount I was offered, not knowing that nearly a third of it would be taken in taxes.

Yes I did, But income is income, which isn't bad unless 1. they take it from your normal paycheck(so it really isn't additional income, 2. it pushes you into a higher tax bracket, 3. you are maxing your dependents now so the Gov. doesn't keep your money interest free, but now you have more income so you have to pay taxes.

I need this right now like I need a hole in the head.

You do need holes in your head. 2 to hear, 2 to see, 2 to smell, and 1 to eat. Some of those serve the purpose of breathing too.

I love accounting and taxes!
ehowton at 2007-08-31 17:37 (UTC) (Link)
I am very thankful that there are people in this world who enjoy accounting and taxes. I am not among their numbers, however.

I had to double my 401k allotment after last year for the tax-bracket reason alone. I'm hoping this doesn't affect that. Either way, I'm looking for a CPA this year to deduct everything so it doesn't turn around and bite me on the ass.

Perhaps I should've stated that I don't require an additional hole in my head?

Have a FANTASTIC holiday weekend dude!
Tomas Gallucci
schpydurx at 2007-09-02 22:35 (UTC) (Link)
Taxes, like prescription drug programs, are nothing more then legalized theft.
ehowton at 2007-09-03 02:45 (UTC) (Link)
Actually, with them being unconstitutional, they're actually not legal.
Tomas Gallucci
schpydurx at 2007-09-03 03:38 (UTC) (Link)
Alright wiseguy. Don't pay your taxes and then tell the judge that they're illegal. I understand this is a semantics thing, but the fact is no one is pissed enough about taxes to start a riot, ergo we the people are authorizing the IRS (a corporation no less!) to harass us, the good citizens, ergo we allow it, ergo we condole it, ergo legalized theft.
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