November 21, 2012

Time for Taxes

My husband just transferred from one work to another and its now time again to fill out a new income tax form for his current employer. He has to fill out the forms so that his taxes will be according to his income and number of dependents. He is married with 3 kids, and the tax exemption for the dependents will take out a big chunk of his tax due for payment.  I am also telling him to follow up his tax forms from his previous employer because it has to be filed together with his new forms so that his taxes can be counted accordingly.  Taxes take up more than 25 percent of our income and it is indeed huge.  The money that we can save form taxes will be a big help for our other needs.  And while I know that the taxes we pay fund the government and our needs for roads, hospitals, schools and other public services, I just hope that every body pay accordingly and equitably.  I also hope that the money being collected from taxpayers are spent properly for basic services so that I won't feel bad especially when I see unfinished bridges and very bad roads.  And while we are on the subject of taxes, it also means its time for real property tax payments for the dream house. More expenses!

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