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Old 01-05-2015, 09:58 AM
 
3,578 posts, read 3,145,392 times
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I don't know. We may be moving again. That will mean a new house and getting this one ready to sell. Costs to us will depend on if employer picks up relocation costs or we have to do it. We'll have a cost anyway.
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Old 01-05-2015, 10:40 AM
 
18,786 posts, read 13,534,175 times
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Quote:
Originally Posted by cdelena View Post
Taxes as others have said. Add up income, property, sales, fuel, and misc. taxes and it is surprising how much it is.


I've added it up and I'm actually surprised how low the total is as a percentage of income

For me the big ones
Fed taxes less than 13.5%
SS taxes less than 6.2%
Medicare 1.45%
Property taxes less than 2.5%

I could add the others in but it's really not that high imo on more than 200k in income
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Old 01-05-2015, 11:10 AM
 
Location: Florida
21,640 posts, read 11,092,933 times
Reputation: 7880
Property taxes and insurance on two homes, one lot , two cars , one motorcycle and medical. Taxes include fire assessment tax on two Florida properties, $400 tax to buy a license plate in Fl.
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Old 01-05-2015, 12:38 PM
 
Location: SoCal desert
8,093 posts, read 13,201,802 times
Reputation: 14870
Quote:
Originally Posted by Gandalara View Post
Groceries and gasoline, LOL
Quote:
Originally Posted by lenniel View Post
You guys aren't reading.....

DISCRETIONARY spending! Not mortgage, rent, taxes, etc. Those are required spending.

A new car, boat, house, pricey vacation, patio, pool, etc. Those are discretionary expenditures.
Well, since I paid cash for my truck in 2013 and paid cash for my camper in 2014 ... gasoline is discretionary! Otherwise I just sit home!

But I thought of something else - I may be buying into a Montana cattle ranch this year. Maybe.
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Old 01-05-2015, 05:06 PM
FBJ
 
Location: Tall Building down by the river
39,611 posts, read 50,185,827 times
Reputation: 9451
My lease renewal will be coming soon for the 2015-16 year and if my rent goes up I am cancellation my landline service

I am commited to balancing the budget in my household
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Old 01-10-2015, 02:27 AM
 
6,351 posts, read 5,138,144 times
Reputation: 8517
Quote:
Originally Posted by Lowexpectations View Post
I've added it up and I'm actually surprised how low the total is as a percentage of income

For me the big ones
Fed taxes less than 13.5%
SS taxes less than 6.2%
Medicare 1.45%
Property taxes less than 2.5%

I could add the others in but it's really not that high imo on more than 200k in income
You must have a whopping amount of deductions! My tax bill, on a similar income, is about double that (but I am paying self-employment tax).
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Old 01-10-2015, 12:02 PM
 
12,695 posts, read 9,929,265 times
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Quote:
Originally Posted by Gandalara View Post
Well, since I paid cash for my truck in 2013 and paid cash for my camper in 2014 ... gasoline is discretionary!
Do you have a fusion-powered engine from the future?
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Old 01-10-2015, 03:03 PM
 
Location: NY/LA
3,340 posts, read 2,817,078 times
Reputation: 2592
Quote:
Originally Posted by Lowexpectations View Post
I've added it up and I'm actually surprised how low the total is as a percentage of income

For me the big ones
Fed taxes less than 13.5%
SS taxes less than 6.2%
Medicare 1.45%
Property taxes less than 2.5%

I could add the others in but it's really not that high imo on more than 200k in income
AMT / No AMT?

If we're talking discretionary spending, we're considering upgrading our security system. Initial quote was $11k, hopefully it won't cost that much.
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Old 01-11-2015, 12:54 PM
 
223 posts, read 273,073 times
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Our largest expense will either be a new roof for our primary residence or a new house in Florida. We plan to do both with the roof being the highest priority. The house will depend on whether or not we can find what we're looking for.
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Old 01-11-2015, 02:07 PM
 
418 posts, read 518,163 times
Reputation: 581
Discretionary spending? Probably take a trip somewhere for less than $1000.
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