I know it is supposed to be a bad luck day, but when Tom did my Wisconsin income tax this morning, he discovered that I can leave some in for next year (for the same reason I left some in for the federal) and still can get more than a hundred bucks back.So for me anyway, the day is starting off with good news.
Noni gets to go to Hawaii tomorrow for a week's break from school. Now that is good luck!
2 comments:
do yoy pay tax to Wisconsin and also federal tax? What is the difference? Is it about the income type?
Some states have state income tax in addition to the federal income tax that we pay. Wisconsin is one of there. Other states have only sales taxes and/or other fees. Typically states that have state income tax use that money to provide services that states without income tax either do not provide or fund in some other way, sometimes by state lotteries. If you pay state income tax, that is taken into account in what you pay into the federal system.
Last year at tax time, I actually paid twice as much to the state of Wisconsin as I did to the federal government at the end of the year. Not that I paid more in total taxes, but in terms of what had not already been withheld from my pay checks.
Taxes, needless to say, are always a controversial item. Both the state and federal governments will get around "raising taxes" by instead raising license or permit fees and such things. These are not taxes as such. So you may not pay more in taxes this year, but you will discover that your drivers license is going to cost you five times what it used to, or your automobile registration will have doubled or there is now a fee for a city permit required to park on the street in residential neighborhoods.
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