General Discussion
In reply to the discussion: I just finished my Federal taxes for 2012 ..... [View all]oldhippie
(3,249 posts)Forty years with the fed govt under the old CSRS finally paid off. There were times when I didn't think I was going to be able to stick it out, but I am glad now that I did.
I'm also very happy Texas has no state income tax, though our high property tax makes up for some of it.
The thing that threw me for a loop was the tax on the stocks I sold (Caterpillar and GE) to help my son with his house down payment. I had held those stocks for many years, and they had appreciated greatly. I was feeling pretty cocky about having made a good return on that investment, but even though I knew it was coming, even the preferred long term capital gains rate kinda took me by surprise. Thus the fact that I owe the Feds this year. But I can't really complain. (Maybe I should look into an offshore haven?
)