We got off easy this year, just the usual amount. Now that I’ve taken over the investment, I can keep close eye on tax effect of the investment resulting a noticeable savings.
DH is still trying to figure out how the POTUS paid less than we did!
Not as bad a last year, but still a hefty bundle.
Better tax attorneys, more shelters, jym. Get elected and you’ll get to work the system, too. You have my vote.
LOL. Politics is NOT my bag! Well, I guess they paid the tax attorneys, we paid uncle sam.
Probably your tax dollars are funding the tax attorneys. I guess that’s better than some of the other things we fund, at least it helps employment.
Paying over $100,000 in income taxes is just not a problem in life. I hope this is the biggest problem somebody has in life.
That’s the wrong year. That’s 2013 taxes. Still, it’s a first world problem.
OK, so now that taxes are done, checked our 401k (our largest retirement ‘pot’) - it is with Prudential (company savings plan). Still doing nicely. Increase since 1/20/2015 of $42,680. We are only contributing 4% of salary at this point, and have company match at that level. YTD on investments ranged from large cap value at 2.23% (intermed bond was 2.41) to large cap stock growth at 7.86%. H will also smile with these results. 6.5 years away from retirement (and counting).
Jym626, here is 2014… Just for you…
I don’t see a major difference. 
This is not a first world problem. Most people in the first world don’t make as much as the tax. 
Had not heard about this, but April 13 - 17 is National Retirement Planning Week!
I don’t feel bad. Obama and I have the same number on the tax return: Capital gain or (loss): -$3000. 
I don’t even know yet. I guess we’ll be filing an extension again this year.
It’s a good thing I have a long history with our accountant. I probably should do it myself, but I guess two sets of eyes are better than one, especially if the other pair belong to a CPA
Btw, if you’re a Vanguard customer, they have various discounts on Turbo Tax, depending on the size of your accounts.
ETA: all I really want to know is how much to move to our checking account for the payment.
I know what his 2014 taxes were, dstark. Thats why I posted what I did in #5841. That said, his went down over 5% from 2013. Wish I could say the same.
Try making less income. 
yes that less income thing would have helped- we got bumped up in the tax bracket. ouch.
I do make less income, dstark, much less. Can’t help that the stock market and DH have worked well together this year. Could be worse…
Same here jym626- DH and the stock market did well- I thanked him for that.
mixed blessing, eh rockymtnhigh? New tax laws give the double whammy, not to mention AMT.
maybe oversimplifying, but cash accumulation plans free the employer of the obligation to deliver you a defined benefit. Instead, company simply needs to contribute a certain amount to a plan, which may in turn ultimately not produce the same result.