Ok, where’s the flat-tax idea again?\u00c2\u00a0 So doing my taxes with a Killians on the desk is probably not my best move ever, but let me just vent for a moment ….<\/p>\n
A few years ago when I bought my house, I didn’t have 20% to put down on it.\u00c2\u00a0 I know, bad move on my part, but whatever.\u00c2\u00a0 When I was looking at financing options, I decided to not get too complex with it, do one mortgage and deal with the PMI (Private Mortgage Insurance)\u00c2\u00a0 Now a friend of mine did one of the more convoluted “negative points” deals where he’d have a higher interest rate but wouldn’t pay any PMI.\u00c2\u00a0 For those of you unaware, PMI is something you pay the bank (usually about $100 \/ month) for no good damn reason.\u00c2\u00a0 It’s crap, it really is.\u00c2\u00a0 It’s insurance you pay for<\/em> the bank in case you default on your loan.\u00c2\u00a0 You pay it until you have 20% equity in your house.\u00c2\u00a0 I guess the theory at that point is that at that point they can repo your house and at least break even by selling it.\u00c2\u00a0 PMI does me as the borrow no good.\u00c2\u00a0 Does nothing for me.\u00c2\u00a0 I could have gone the higher interest rate route – at least interest I could deduct from my taxes at the end of the year.\u00c2\u00a0 I did the math (it actually involved a rather large Excel spreadsheet) and decided that I’d be better off with the lower interest rate but paying the the PMI.\u00c2\u00a0 As a bonus, there were rumors of Congress actually passing a law that would allow borrowers like myself to deduct PMI as well.\u00c2\u00a0 This may surprise you, but it was actually the lenders that lobbied for this – they were losing money because people were creatively financing loans – negative points, 80\/20 loans, etc.\u00c2\u00a0 So hey, if that passes, bonus for me, right?\u00c2\u00a0 Well it passed, but no bonus for me.\u00c2\u00a0 In a crock-of-shit move to beat all crock-of-shit moves, the law that got passed at the end of 2006 applies only<\/em> to mortgages originating on 2007.\u00c2\u00a0 Yes, because I bought my house a year earlier I get no benefits from that law.\u00c2\u00a0 I paid the same PMI for the same reasons as everyone who bought a house in 2007, they can deduct it from their taxes, I can’t.\u00c2\u00a0 Horse shit, (as my father has always been found of saying) complete horse shit.\u00c2\u00a0 Yes mother, sorry for the language… I’m angry and “crap” just doesn’t convey exactly my level of discontent.\u00c2\u00a0 Blame dad.<\/p>\n So the other “Are-you-freakin-kidding-me?!?” moment comes when it’s time to “e-file”\u00c2\u00a0 (leaving the f-bomb out because I’m not that<\/em> angry about this part and that would<\/em> cause my mother to send me an email chastising\u00c2\u00a0 me for my lack of less-offensive vocabulary)\u00c2\u00a0\u00c2\u00a0 Someone explain to me why me “e-filing” should cost me money?!\u00c2\u00a0 I could print and mail my return to the IRS – it would cost me thirty-some cents (yes, I actually don’t know what a stamp costs these days – I don’t mail anything) and in the process kill a good sized tree, increase carbon emissions of the USPS, and cause some poor sap making too much money to enter all my information into the IRS’s big computers.\u00c2\u00a0 Inefficient and costly.\u00c2\u00a0 However, if I “e-file” then it just goes right into the IRS’s big computers saving everyone time\/money and better for the environment.\u00c2\u00a0 But<\/em> it costs me $20.\u00c2\u00a0 What is this $20 for?!\u00c2\u00a0 I already gave H&R Block $40 for the stupid program – they should send it to the IRS for me for that price.\u00c2\u00a0 Has the USPS lobbied against e-filing?!\u00c2\u00a0 The IRS should be thanking me for e-filing, I’m saving them time and less paper they have to shred.\u00c2\u00a0 I already have a pile of papers on my desk – various W2s, 1099INTs, 1099Bs, 1098s, etc.\u00c2\u00a0 Why create more waste by printing everything I’ve done electronically just to mail it in so the IRS can convert it all back to electronic??\u00c2\u00a0 I’m confused.\u00c2\u00a0 And upset by this extra $20 I have to spend.\u00c2\u00a0 You want my money?\u00c2\u00a0 At least make it easy and efficient for me to give it to you (or get back what you owe me).\u00c2\u00a0 Next thing you know they’ll charge you extra to direct deposit your refund into your checking account.\u00c2\u00a0 Jerks.\u00c2\u00a0 I have to give it to Ohio – they actually have their “I-File” website setup – you can fill out all the forms and submit your tax information – get this: for free.<\/em>\u00c2\u00a0 Yes, they will allow you to get your return faster and easier, and in exchange all you have to do is save them time and money by entering your information on a website.\u00c2\u00a0 Brilliant.\u00c2\u00a0 Oh, but H&R Block want another $20 to e-file your Ohio state return for you.\u00c2\u00a0 How about this:\u00c2\u00a0 The state tax departments and the IRS get together with the TurboTax and H&R Block people of the world and say “Hey, let your customers e-file for free, and we’ll go ahead and give you the $20 it’ll cost us to process it”\u00c2\u00a0 Win\/win.\u00c2\u00a0 Am I asking too much?<\/p>\n Ok… I feel better.\u00c2\u00a0 Maybe later this week I’ll actually get back to some of the other stuff I normally do… I haven’t done a movie or game review in awhile.\u00c2\u00a0 And Eastern Promises was actually a pretty good movie.\u00c2\u00a0 Pirates : At World’s End wasn’t.\u00c2\u00a0 More on that, and maybe my newfound Wii.\u00c2\u00a0 I’m tired of the election crap already… and the writer’s strike.\u00c2\u00a0 Let’s just elect the writer’s guild for president and call it a day.\u00c2\u00a0 Man… I really should just have my own country – I’m a problem solver.<\/p>\n","protected":false},"excerpt":{"rendered":" Ok, where’s the flat-tax idea again?\u00c2\u00a0 So doing my taxes with a Killians on the desk is probably not my best move ever, but let me just vent for a moment …. A few years ago when I bought my … Continue reading