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#2
02-13-2005, 11:12 PM
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 Re: new deduction Paul A Thomas wrote: - quote - > "Harlan Lunsford" <hlunsford[at]bellsouth.net> wrote
No no no, Paul. Let me try to splain it to you again.> > from 823 to 1744 increase in refund due to this particular > > program "finding" an extra deduction for the user. > > > Just saw this tv commercial for the program, and this > > looks like (assuming 25% bracket) more itemized deductions > > of $3,684! Wow! And assuming 15% bracket, more deductions > > of $ 6,140! Woohoo! > > > Now who would not realize they had that much in itemized > > deductions? > > > I know, it's POSSIBLE. But, really.... > So......the more deductions you find, the lower your tax > rate is, so.....given that theory, you'll find more > deductions because your tax rate dropped? I'm saying that the difference in tax in first case WOULD have resulted in the program's suggesting to them and reminding them about added deductions of 3,684 IF their bracket were 25%. (You reckon they overlooked another 1098 form? And that same tax difference would have result in overlooked deductions of 6,140% IF they were in the 15% tax bracket. AND, should they be in the 10% bracket, ..... the extra deductions probably erased their tax altogether! ChEAr$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-11-2005, 06:26 AM
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| Re: new deduction Harlan Lunsford wrote: - quote - > from 823 to 1744 increase in refund due to this particular
Maybe they donated a sixty two Datson to a charity.> program "finding" an extra deduction for the user. > Just saw this tv commercial for the program, and this > looks like (assuming 25% bracket) more itemized deductions > of $3,684! Wow! And assuming 15% bracket, more deductions > of $ 6,140! Woohoo! > Now who would not realize they had that much in itemized > deductions? > I know, it's POSSIBLE. But, really.... -- Frederick E. Jorden http://Tax-Accounting-Payroll.com 7825 Midlothian Tpk - 207 Richmond, VA 23235-5247 EMAIL knowtax[at]bigfoot.com (804) 320-6210 FAX (804) 320-6211 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-11-2005, 06:26 AM
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| Re: new deduction "Harlan Lunsford" <hlunsford[at]bellsouth.net> wrote - quote - > from 823 to 1744 increase in refund due to this particular
So......the more deductions you find, the lower your tax> program "finding" an extra deduction for the user. > Just saw this tv commercial for the program, and this > looks like (assuming 25% bracket) more itemized deductions > of $3,684! Wow! And assuming 15% bracket, more deductions > of $ 6,140! Woohoo! > Now who would not realize they had that much in itemized > deductions? > I know, it's POSSIBLE. But, really.... rate is, so.....given that theory, you'll find more deductions because your tax rate dropped? -- Paul A. Thomas, CPA Athens, Georgia taxman at negia.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-10-2005, 06:29 AM
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| new deduction from 823 to 1744 increase in refund due to this particular program "finding" an extra deduction for the user. Just saw this tv commercial for the program, and this looks like (assuming 25% bracket) more itemized deductions of $3,684! Wow! And assuming 15% bracket, more deductions of $ 6,140! Woohoo! Now who would not realize they had that much in itemized deductions? I know, it's POSSIBLE. But, really.... ChEAr$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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