Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Wednesday, April 24, 2024

The car is no longer mine - a quick post

 


DCD and I finally did it.  Tonight, I signed over the car to him, and he can start the process of getting the car back on the road.

I'll miss this car.  But my current car is a better choice for me.  I need the safety features in the car, as I no longer have the alertness that I had 50 years ago.  Even now, I have started thinking about how long I will continue to be able to safely drive a car.  I'm roughly 67 years old, and I can see the differences between how I drove when just a few years younger and how I drive now.

Hopefully, the car will serve him well.  I wish him the best while he owns it, as he really needs a set of wheels to commute to and from his job.

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On other matters, I picked up my tax paperwork today and then filed these forms.  State taxes were in the range I expected, but at the low end of the range.  Federal taxes were slightly overpaid, so I will eventually get a refund which will go to my clothing budget.

Saturday, February 24, 2024

Tax Paperwork - a short post

 

Getting ready to have my taxes done is always an awkward experience.  Gathering up my forms is the easiest part of the process, save for the rental property that both my brother and I share an interest.  Given that my brother is a well paid, but overworked person, I rarely have received this last set of financials on time.

I'm glad that I'm not an accountant at this time of year.  One's person's numbers and forms would likely blend into someone else's in my mind - and I'd screw up both people's returns.  So I respect my brother a lot for starting a second career in his 40's, and doing well up to this point.  

Right now, my brother has got the weight of the world on him, and all I can do is give him encouragement.  He will soon have a lot of hard decisions in front of him, and all I can do is listen when he needs an ear, as well as remind him of what he's already accomplished in such a short time in a career.

In the end, my brother will still end up doing tax forms, if not for a large corporation, then for his family.  I wish him the best....

Saturday, April 15, 2023

Traditional Tax Day

 

Lately, I've been writing posts that are published 2 weeks later. These posts reflect the "present tense" at the time I write them, and not when they are available to my readers. I figure that when I get to travel, I won't be doing any writing during each trip, and will be playing catch-up when I get back.  This post is an exception to my usual way of doing things, as it is meant to be read on "Tax Day", and be current for that date.

One of the problems with our tax system is that it's hard to determine how much tax to withhold when one has multiple income sources.  Last year, I had income from a job, income from a pension, income from rental property, and income from other investments.  When I was working, I tried to over-withhold money from my paychecks to compensate for under-withholding from my other income sources.  What is most frustrating is that I need to spend several hundred dollars each year just to fill out forms the government needs to validate that I have paid enough in taxes each year.  This doesn't make much sense.  We need a tax system that is efficient, fair, and generates a maximum of revenue for government to use.

I'm not going to get into a long-winded discussion of the tax system, its flaws, and the trade-offs needed to create a better system.  No system could please everyone, and we have too much invested in our terrible system to take the social risk of making changes. 

So, why am I talking about taxes here?  This blog is a journal about my life as a transgender person living in the New York area.  The answer is simple.  Many things that transgender people deal with are just as mundane as the things that cisgender people deal with.  We just have a few more complications in our lives that get in the way of living those lives.

The other day, I recommended that RQS see a transgender accountant that I know.  She has just received her tax paperwork to sign, and is happy with the work that was done for her.  Yes, RQS still misgenders this accountant when talking with me, as all she has heard is the accountant's male voice - and that keeps triggering the use of the incorrect pronoun. I'm not going to hold it against RQS, as I've done the same thing when talking with another transgender acquaintance of mine.  And even my best friends have done it with me.  It is the price we pay, a tax on our souls you may call it, to be able to be out there as our authentic selves.  We may be free, but we must pay the price for that freedom in many ways.

I don't quibble about the overall amount of taxes I pay, as I've seen how much good government can do with that money. And I don't quibble when my friends and acquaintances misgender me by accident, as they will always be getting used to getting pronouns straight for people they first knew as part of the opposite gender....

Monday, April 10, 2023

I thought the day ended well until....

 

For the past few years, my brother has done the books and took care of the management duties for the house we rent out.  So I was glad when my brother texted me to let me know that the paperwork for 2022 taxes was ready, and that I could send it to my accountant.  I was in a good mood until I checked back on my computer and found a message from a friend's son.  His dad was killed in a hit-and-run incident, with a drunken driver leaving the scene of the accident.  If I had not texted my friend today, I'd have never known this had happened.

My former boss was one of three people that I wanted to stay in contact with after leaving the bank.  The first of these three passed away 365 days after we were both laid off in 2014.  Hopefully, he was able to collect his full pension in a lump sum payment, as he would have gotten a small fraction of that if the bank paid him the value of his ESOP shares.  The second person died about 4 years ago, and I was the only person from the bank who attended his wake.  And now, the last person has died due to some drunk's stupidity.  

Sometime this week, I expect to visit his family as they sit Shiva. Although I just had a mani-pedi, intending to spend the week as Marian, I will remove the polish and visit in Mario mode.  Neither he, nor his family knew about Marian, and this would not be the time or place to let them know.  Instead, it's the time to show respect for my friend and to try and comfort his family as best as possible.



Monday, March 20, 2023

We are under attack!

 

Now that the GOP has lost its war against Homosexuals and "Gay Marriage", they have turned their sights directly onto us, the Transgender Community.  If one looks carefully at the bills that have been passed which ban gender related treatment, we see an underlying hatred for things "Conservatives" don't understand, are fearful of, and want to rid the world of because of that fear.

I see homosexuality and being transgender as part of a greater intersex spectrum, something that happens when one part of a fetus's development (brain and body) does not happen according to typical gender lines. This is different from many people see intersex, as I include the wiring of the brain as part of the definition of intersex.

When people are not able to classify something into something they can understand and manage, their fears go out of control.  Rationality is lost, as primeval instincts kick in.  When people live under constant threat due to their inability to escape poverty, they turn to bombastic populist leaders. When people remember "the good old days" without seeing how bad they were for others, they want simple answers to complicated problems.  We now see all of these issues and more in the people who support the radicals in today's GOP.

We are under attack.  There are a large number of places in this country where I am afraid to travel as Marian because of being transgender.  My rights to be treated with dignity and respect are being taken away by the likes of the governors of Florida and Texas, all for political gain.  The people of their states (and other "Red States" as well) need scapegoats to punish for their misfortune.  Even though I blend in well with cisgender women, I would not feel safe in entering a public washroom in these states.  If I were to enter a place of public accommodation, I could be discriminated against without reason.  And, if I were to deal with law enforcement authorities, I could be treated in a way that puts my life at risk.  Is this right?

There is a culture war going on right now, and large swaths of the population who have retreated into political tribalism. There are large areas of this nation which are one party states.  In the past, even the dominant party in these states could reasonably be expected to be voted out if it didn't do a good enough job for their states.  This is not the case anymore.  People such as Florida's governor are trying to ban the opposition political party for actions many of its leaders took over 160 years ago. This is not democracy in action.  This is an authoritarian government in waiting that is trying to do this.

I'm not sure of what we can do next.  Strangely enough, I would take (the lunatic) Marjorie Taylor Greene's suggestion that we have a Red and Blue State divorce, and run with it a little. I'd suggest something a little bit more dangerous to the Red States: a requirement that the US Federal Government spend no more than 5% more or less in every state than it collects in tax revenue.  Since the Blue States contribute more to the government in tax revenues than they receive, this would be a net benefit to these states.  We could also set a federal minimum level for social spending in every state as a requirement for new federal projects to be placed in the Red States.  This would slow down the "Brain Drain" from Blue to Red states, caused by the poor education standards (as a whole) in those states. 

In my opinion, what we're seeing are the things that happen when there is a great difference in living standards between the rich and poor in a society.  Like the people of Brazil, America's people fell out of love with democracy and elected a bombastic and ineffective leader as it moved to the right, and then moved to the left as a backlash against the right.  Until we can force government to do its job, people at the margins of society are at great risk, as we are the pawns in a larger game of power.  

So what can we do to change things?  As a species, we do not like rapid or radical change. Progress can only come slowly.  In the case of politics, our leaders are in a continual battle to be reelected, so that they can gain power.  Not solving  problems is their best way to have things to rally against, and get votes.  As the parties become more extreme, the more likely one will pick a minority group (Jews, Muslims, Homosexuals, Transgenders, Political Opponents, etc.) as demons to obliterate.  But the question remains: How do we enact simple, long term changes to fix this?  To me, the answer is amazingly simple - term limits for all politicians.  Years ago, a friend told me that death gives meaning to life.  Without death, we'd have no reason to finish anything.  The same goes for elected leadership.  If a leader knows that s/he has only a limited amount of time to achieve anything, they will focus on getting important things done.  By that subtle change alone, there will be no need for scapegoats, as politicians would only be judged by what they supported, and not what they opposed.

Yes, I am proposing a subtle change to nudge the system in a way that benefits us.  This prevents the opposition from labeling this in a derogatory fashion.  And, if we were to "grandfather" all currently serving officeholders from these same term limits, we might get the support needed to make an important change in the system whose effect could be seen in a single generation.

What do you think? 

Wednesday, April 13, 2022

Taxes


April 15th comes awful quick these days.  If you're not careful, you might just miss it.  Yet, it's hard to believe that most people didn't have to pay income taxes a little over 100 years ago; our government raised most of its funds via tariffs and customs duties.  Now, tax day is a day that many people dread.  In my case, I have to over withhold through the year on money I earn so that I can make up for under withholding on my pension.  Although I can afford to pay estimated taxes throughout the year, I prefer to pay them up front and not have to worry about finding money to pay taxes at tax time.

If you think I have it bad, I know someone who has sold a house and is now renting.  Although this person has owned a share of the home for over 30 years, a divorce and property settlement may trigger the payment of more taxes than this person would want to pay.  (As if we ever want to pay taxes.)  Thankfully, this person can shelter a $250,000 gain from the sale, but what about this person's share of the gains that must be shared with an ex-spouse?  I know that my brother and I will be paying capital gains on any gains we have from selling our family homestead, as neither of us have lived in the house for years.

Others have it even worse.  My niece is an American citizen living in the United Kingdom.  She has to file taxes to two governments.  Luckily, the United States allows people to exclude a certain percentage of overseas income from double taxation. (I don't remember the figures or the mechanisms.)  But if she had as large income, she'd be going broke giving money to two governments.  (I want to find out what my brother had to do for her this year - he could provide me with an education on this topic.)  Luckily for UK subjects, they don't get taxed by the UK for income earned overseas.

At least, I only have to give New York under $200 this year.  I'd rather owe NYS  than owe the Federal government, as NYS takes forever to send out refunds....

Thursday, February 3, 2022

Catching up on little things

 

This is a wonderful work of stained glass from the Tiffany studio.  It's a damned shame that there is little demand for art like this today.  Other than viewing the Temple of Dendur, this one work made my day at the museum. It was been a long time since I've been to the Met, and even longer since I was there as Mario.  

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But I'm not in the mood to rehash yesterday's trip into NYC.  Instead, I'm looking to catch up on little things that I may have missed over the past few posts.

1. As much as I think CWS's complications may get in the way of us having a serious relationship, she surprised me today with one her responses - that she should have time to get together on weekends soon. (I won't go into details here, but it was a pleasant surprise.)

2. Today, I finally sent the card to FCP's son and daughter in law, saying Congratulations for a happy event that recently happened in their family.  In a week, FCP should receive an e-card to say "Congratulations!" as well.  There is one more happy event to come, and after that, I'll be done with that chapter of life.  At least, her son doesn't hold the grudge she holds.

3. Occasionally, I've joked with the ex-girlfriend in regard to her meetups.  After all the fighting we once did in regard to meetups in the Hudson Valley, I've had a little fun making jokes when I find out she has attended meetups in Westchester (and points South). One of my better jokes say, that at her rate, she'll be attending Florida based meetups soon.  (No, I'm not going to say more about this.)

4. I'm still dealing with NCL in regard to properly crediting my Latitudes points for my recent cruise. One day, I may write a full post in regard to their web site, and with their customer service areas, as their site is not the most friendly web site around.

5. Tax filing data still keeps coming to me.  Today, it was the information for my shares in the co-op. Tomorrow, who knows?  But everything should be available by month end.  Like last year (and the year before), I'll be emailing paperwork to my accountant.  Like a good doctor, a good tax pro is hard to find, and one switches from old to new very reluctantly.  And I hope not to switch for a while yet....

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As I said - these are all little things.  There are big things to come....

 

 

PS:  The NCL issue was resolved, but not the way I wanted it.  The offer was not valid for "Sailaway" cabins.   At least, I finally found the right department to which I should send an inquiry.

Tuesday, March 23, 2021

Monday, Monday....


It was Monday, and it's back to work.  I'm getting good at sleeping until almost 6 am, but there are times where I still wake up too early.  However, I've noticed that more traffic is on Route 9a these days, and this will likely be a factor in when I eventually decide to leave this job.

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As usual, I showered, shaved, put on my makeup and left for work at 7:15.  Now, that's not early enough to guarantee that I can stop at the local deli, order a sausage & egg sandwich, and get to work on time.  So I've shifted my deli to one 15 minutes closer to work, and past the Southbound Route 9a traffic jam on the road between Croton and Briarclff Manor.  Luckily, they make a good sandwich, and I get in and out quick enough to make it to work and have a cup of coffee before clocking in.

In an email conversation with the ex, she brought up the fact that living as Marian was my goal.  What she didn't recognize is that I would have sacrificed future progress on this goal to have romance.  Alas, this was not to be - with her.  Strangely enough, I received a call from my accountant this evening to tell me NOT to file my 2020 tax return until I receive my $1400 stimulus check, as I earned too much in tax year 2020 to qualify for a payment.  I mentioned some of the events from the past, and my accountant was incensed. One can make threats of someone, but not ones that can negatively affect a family.  But enough of that.  That problem is in the past  I'm looking towards the future and forgiven the people in my past.

I find it amazing how much time one can waste watching TV.  If I had a brain (and I'm not sure if I do), I'd toss the vidiot boxes out and go back to reading books and listening to radio.  There was a list of 15 things to do in my bag, and I only took care of two of them.  It could be worse....



HVRW Restaurant Week - Tilly's Table w. RQS

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