How To Complicate Tax Preparation
Get married at the beginning of the year, with each spouse then a resident of a different state. Live apart for the first month, then move one of you who had earnings in the former state during that month.
Actually, joking aside, it wasn’t that bad and I am almost done with the whole mess. I’m thrilled to report that my “self-employment” (AKA social security without obfuscation of the half burdening the employer) tax is 77% of the total federal tax. Yay.
I’m also thrilled to know that owning a house would have left us owing nothing. Except the self-employment tax, of course. And except that would have required an extra 10-20 grand in net income (not to mention being preceded by some serious paydown of debt). But hey, who’s counting.
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