Things that make you frown :(

gmb3 said:
likely because it's batteries which are "HazMat" which is only configured for certain box sizes in the DC. Don't think you can ship batteries in a mailer.
Click to expand...

i guess "it depends" - cause i've ordered many button batteries, and they usually come in bubble envelope just big enough to hold the label...
 
Watching yet another horse breaking a leg during today’s Palio in Siena. I’m all for tradition and celebration of history but the conditions they have these horses ride make it a miracle for any horse to complete the race. Enough.
 
rick81721 said:
The lady buying our townhouse got a 30 yr conv mortgage at 9.45%! And over 40% down. Wow
Click to expand...

I'm not even sure how that's possible. Aren't rates at 7% now?

I would assume someone who has 40% downpayment has decent credit, but maybe not?
 
Santapez said:
I'm not even sure how that's possible. Aren't rates at 7% now?

I would assume someone who has 40% downpayment has decent credit, but maybe not?
Click to expand...

Have no clue what current rates are but she had good credit. Even our realtor said she could have done better.
 
And speaking of frowning, we will be paying the NJ "exit tax" - actually a tax on house sale capital gain. We haven't filed in NJ for years so don't know what if any refund we will get next year.
 
rick81721 said:
And speaking of frowning, we will be paying the NJ "exit tax" - actually a tax on house sale capital gain. We haven't filed in NJ for years so don't know what if any refund we will get next year.
Click to expand...
Isn’t that usually referred to with the technical term FU tax?
 
Patrick said:
Do they calculate the gain and tax it or just take 15% of the total and you file to get the actual tax gain diff back?
Click to expand...

2% of sale price. Apparently, home sale capital gain is treated as income in NJ. So I guess we file a regular return and that's our only taxable income in NJ.
 
1692363927873.png

So really the big issue is they hold the taxes until you file. So in reality with a gain in the value when you sold it it means you're paying taxes in NJ this year?

Or do you get that back because you're a Florida resident?

I didn't realize how complicated NJ taxes were until I left. We had to get an accountant in NC to deal with our income taxes with the move and while trying to discuss payroll taxes they were completely confused. NC has a flat % for income tax on payroll, nothing else. I kept asking about all the other taxes and they were like "WTF are you talking about?"
 
Santapez said:
View attachment 221022

So really the big issue is they hold the taxes until you file. So in reality with a gain in the value when you sold it it means you're paying taxes in NJ this year?

Or do you get that back because you're a Florida resident?

I didn't realize how complicated NJ taxes were until I left. We had to get an accountant in NC to deal with our income taxes with the move and while trying to discuss payroll taxes they were completely confused. NC has a flat % for income tax on payroll, nothing else. I kept asking about all the other taxes and they were like "WTF are you talking about?"
Click to expand...

Yes will have to file and pay NJ income tax. But as non-residents, our only NJ income is gain on the townhouse sale. So should get a refund of some of the 2% withheld.
 
Santapez said:
View attachment 221022

So really the big issue is they hold the taxes until you file. So in reality with a gain in the value when you sold it it means you're paying taxes in NJ this year?

Or do you get that back because you're a Florida resident?

I didn't realize how complicated NJ taxes were until I left. We had to get an accountant in NC to deal with our income taxes with the move and while trying to discuss payroll taxes they were completely confused. NC has a flat % for income tax on payroll, nothing else. I kept asking about all the other taxes and they were like "WTF are you talking about?"
Click to expand...
Also if Rick owned his place in NJ for 2 years, he could get a % off the amount of tax he has to pay.
Another NJ thing is that if you buy a home that cost more than 1 million, you have to pay an additional tax of 1% ($10K) to the state.
1692365528661.png
 
You must log in or register to reply here.
Back
Top Bottom