Anyone that bought a 2025+ 1500 remember to file your taxes

[Hanover Fiste]

f I MADE it…. I don’t mind paying my taxes.

You’re welcome.

What I meant to convey, is that the tax rate should be a straight percentage, and not increasing as one earns more. The government is essentially penalizing you for being successful. It's nothing more than legalized government theft, IMHO.

 

[Docwagon1776]

What I meant to convey, is that the tax rate should be a straight percentage, and not increasing as one earns more. The government is essentially penalizing you for being successful. It's nothing more than legalized government theft, IMHO.

To clarify for our non-American friends, the US has tax brackets. Ignoring deductions and credits for a moment, everyone pays the same percentage on each "step" but the percentage for each step rises.

So everyone pays 10% of the first 12k earned. Then everyone pays 12% of 12k-48k, 22% for 48k-103k, etc. Rounded numbers.

There is also social security and Medicare tax. Both are straight percentage, but Social Security is only charged on your first $184k and isn't withheld for capital gains. It's a regressive tax, hitting the poor the hardest.

Then a variety of state and local taxes, like income, sales, and property taxes. These taxes are at least deductible to an extent in your federal returns for the next year.

 

[Hagar1]

Taxes in US stupid complicated with so many diff parts and exceptions etc. If U got anything besides simple return U almost need a CPA or buy tax program. I use HR Block for my stuff. Not recommending anything just wat I use. After doing program with my very modest stuff still came out to 22 pages plus 2 info. Why I do all electronic and why bizness as far as I know use CPAs. All IMHO.

Taxes here in Canada are about the same level of stupid if not worse. I was just making a joke with my previous comment but it almost sums it up. I've been retired for about 19 years so my "taxes" should be simple but, I still give them to my Accountant because he will find every penny that I am entitled to. Well worth the money.

 

[madtrucker2016]

What Possible Help is this (yet another) scam…on Rams which are ASSembled in Saltillo, Mexico…?!?

Dearborn Michigan ring any bells

 

[Hagar1]

To clarify for our non-American friends, the US has tax brackets. Ignoring deductions and credits for a moment, everyone pays the same percentage on each "step" but the percentage for each step rises.

So everyone pays 10% of the first 12k earned. Then everyone pays 12% of 12k-48k, 22% for 48k-103k, etc. Rounded numbers.

There is also social security and Medicare tax. Both are straight percentage, but Social Security is only charged on your first $184k and isn't withheld for capital gains. It's a regressive tax, hitting the poor the hardest.

Then a variety of state and local taxes, like income, sales, and property taxes. These taxes are at least deductible to an extent in your federal returns for the next year.

I think that an Accountant would find that both sides are very similar but just use different methods to process the documents. We have incremental brackets and a "basic" deduction and all. I guess one of our big differences is that our health care comes out of our taxes somewhere along the line. In Ontario, some folks pay a small fee for our health coverage but most retired people don't. It all depends on annual income.

 

[Burla]

To clarify for our non-American friends, the US has tax brackets. Ignoring deductions and credits for a moment, everyone pays the same percentage on each "step" but the percentage for each step rises.

So everyone pays 10% of the first 12k earned. Then everyone pays 12% of 12k-48k, 22% for 48k-103k, etc. Rounded numbers.

There is also social security and Medicare tax. Both are straight percentage, but Social Security is only charged on your first $184k and isn't withheld for capital gains. It's a regressive tax, hitting the poor the hardest.

Then a variety of state and local taxes, like income, sales, and property taxes. These taxes are at least deductible to an extent in your federal returns for the next year.

So here's a q, so this RAM credit is different then the EV credits? Part of the rules regarding the EV credits were that you had to owe tax to benefit. I actually know because this was how I talked my wife out of a Tesla and into a cross, I tap my shoulder for that one I really didn't want a Tesla in the driveway. This was the absolute load of poo they put on the EV credits. I don't think people actually understood, the EV credits was for the rich and businesses, unless you owed taxes, you got zero dollars and zero cents. The only thing I can say moving forward, there is zero chance I would ever buy anything considering some "credit", it can often be a total scam, trick people into thinking they get a benefit, but read the fine print, you get nothing haha. Which is why I believe 2 years into it so many people were mad they started allowing the credit to be taken off the car purchase, too bad for the early people who got ****. In 2024 they changed the rules into a instant rebate at dealer, but Jesus what a total scam, sad if selling EV's was the goal. So the question is, this RAM credit has any rules like the EV credits?

The federal EV tax credit is generally nonrefundable, meaning it acts as a dollar-for-dollar reduction of the income tax you owe. If your tax liability is less than the credit amount (e.g., $7,500), you cannot get the excess back as a refund, effectively limiting the full benefit to those with sufficient tax liability

 

[Docwagon1776]

So here's a q, so this RAM credit is different then the EV credits? Part of the rules regarding the EV credits were that you had to owe tax to benefit. I actually know because this was how I talked my wife out of a Tesla and into a cross, I tap my shoulder for that one I really didn't want a Tesla in the driveway. This was the absolute load of poo they put on the EV credits. I don't think people actually understood, the EV credits was for the rich and businesses, unless you owed taxes, you got zero dollars and zero cents. The only thing I can say moving forward, there is zero chance I would ever buy anything considering some "credit", it can often be a total scam, trick people into thinking they get a benefit, but read the fine print, you get nothing haha. Which is why I believe 2 years into it so many people were mad they started allowing the credit to be taken off the car purchase, too bad for the early people who got ****. In 2024 they changed the rules into a instant rebate at dealer, but Jesus what a total scam, sad if selling EV's was the goal. So the question is, this RAM credit has any rules like the EV credits?

The federal EV tax credit is generally nonrefundable, meaning it acts as a dollar-for-dollar reduction of the income tax you owe. If your tax liability is less than the credit amount (e.g., $7,500), you cannot get the excess back as a refund, effectively limiting the full benefit to those with sufficient tax liability

They all have rules, and I mentioned the difference between refundable and nonrefundable credits above. The EV credit varied, but the easiest way to get the full credit was to lease then immediately buy the lease out if you wanted it. The leasing company got the 7500, reducing your cost up front to buy and not bothering with it on your personal taxes.

As for the car interest thing, this isn't a credit at all. It's a deduction.

 

[Islander39er]

What I meant to convey, is that the tax rate should be a straight percentage, and not increasing as one earns more. The government is essentially penalizing you for being successful. It's nothing more than legalized government theft, IMHO.

Some people would say that's what taxes are in general

I was about to *somewhat* disagree with you, when it dawned on me that it might be hypocritical against another belief. Hold that thought, but let's just say I can't disagree with tax breaks for those under a certain threshold. I believe in the freedom to earn whatever income you can, but sometimes life isn't fair and if one has to live on, say, $10,000 gross with a 30% or even 20% tax rate, then a 1000 dollar tax credit (or reduction) goes a long way to help you out. I've been in that situation as a younger man, though thankfully I've since prospered well. Once you've reached a comfortably survivable wage and up.....let's just say I hate it when people are massively successful and rub it in other's faces instead of doing a thing to help the less fortunate. But that doesn't contradict what you said.

But, partially on the same philosophy about being punished for success, I don't agree with value based property tax systems, especially outside of cities, where at least services are more uniformly supplied. I know a guy, he happens to personally know his mayor and he pointed out to the mayor that he has his own well and septic system, and he lives on a main road so the provincial dept of highways plows and repairs his road. The town just picks up garbage, yet he pays taxes the same as someone on all town services. I'm sure there are loads of people in the same boat.

Here, you don't pay property taxes if you're not in a municipality, as I'm not. Some people say it's not fair and shouldn't be allowed, but most such communities have a service committee who care for services and collect fees for them, and the fee is the same for everyone. I don't pay the water fee, I have my own well. Trash collection is covered by a fee and done by a regional service board (which small municipalities also use), but I don't pay for it, since I choose to haul my trash away myself. I know which system is more fair in my eyes. The only part I concede on is that the dept of highways plows and repairs our side roads, but I could bear paying a fee for that if they charged it. They do the main road anyway, which is often half the houses in a small town. And let's face it, small towns usually need grants from the province/county/equivalent to manage big projects anyway, taxes or not.

I hope I didn't say anything too political, I know I'm not a person who has a stomach for much political talk anyway.

On a more thread-related note, anyone mind sharing what kind of rates they're getting on new rams? When I was considering a new truck this past fall, ram quoted me a 4.99% rate through a regular bank. Competition offered 0% or just above through their own financial services, which apparently Chrysler does have? Let's face it, that's several thousand dollars, which is going to be a big turn off unless you're a die hard brand loyalist, and a tick off even if you are.

 

[Grams]

Complaining about taxes, in many instances, is another common mis-application of logic.

I know young childless couples, …and older, retired folks… who complain about property-taxes….which support public schools. And they really feel abused that they have to pay for Other Poeple’s Kids schooling.

They overlook the Very Real Benefits of public education …which They, Themselves Enjoy. (Do I really need to list those benefits?)

Few people have uppermost in their minds the many benefits and privileges they enjoy living in this place. If people would brag about how much they pay in taxes the way they show off their new cars, boats, swimming-pools, Gucci clothes, and TAG Heuer watches, …we’d have educated kids instead of miscreants.
Pay your dam taxes and shut up about it.

Molly Ivins: “Texas is Mississippi with better roads.”

 

[Hootbro]

Pay your dam taxes and shut up about it.

That is like telling a **** victim they might as well relax and enjoy it.

Taxation for schooling is a lot more nuanced than just brushing it off that it is for the "common good" and attacking those that dare question the whole system.

 

[Grams]

That is like telling a **** victim they might as well relax and enjoy it.

Taxation for schooling is a lot more nuanced than just brushing it off that it is for the "common good" and attacking those that dare question the whole system.

Bad analogy . That misbehavior/crime/activity is patently illegal. Taxes and schooling are both legal activities, ….and you can decide where to live and how to vote regarding taxes, as well as take advantage of legit deductions for legal purposes.

We fought a revolution over taxation without representation. We have representation. Just This Week the Supreme Court just ruled correctly on that very matter.

 

[Hootbro]

At the state level, school taxation is roughly 1/2 of all taxes collected locally. If one cannot see it needing reform for savings, then they are part of the self licking ice cream cone it has become.

 

[Burla]

"God, grant me the serenity to accept the things I cannot change,
Courage to change the things I can, and wisdom to know the difference."

We live in difficult times, but what isn't that difficult is to respect our mod rule 18 and fight this fight in another time and another place.
.

 

[Grams]

At the state level, school taxation is roughly 1/2 of all taxes collected locally. If one cannot see it needing reform for savings, then they are part of the self licking ice cream cone it has become.

Delaware is a low-tax state (and why many corporations are licensed there. Stop giving corporations a free ride and your individual tax situation will change.)

But the second-largest state in the nation (and one of the Top Four in state-tax-collections…Texas…. ranks FORTY SECOND in school funding.

It’s really just That Pitiful. (and teachers some of the lowest paid…but our politicians just authorized public tax dollars to go to private schools)

 

[rule18]

Gents, we've been leaving this thread alone but if it strays off into politics again I'll be forced to close it. Thanks...

 

[JWH-1]

Thanks for this thread. I learned a lot. The main thing that I learned is that I need to dig in a little more. I started my taxes in TurboTax. I don't think this tax credit is in there yet.

 

[HORNYSST]

All of the Hurricane engines in Ram trucks are assembled in Satillo Mexico and because the final assembly is not in the USA it can't be claimed. If in doubt look at your window sticker for final assembly location.

 

[HORNYSST]

Here are the the highlights of the credit.

Key Eligibility & Details

• Vehicle Type: Must be a newcar, SUV, truck, or motorcycle, not used
  .
• • Assembly: Final assembly must be in the United States.
  • Loan Type: Valid for purchase loans initiated after Dec. 31, 2024; leases do not qualify.
  • Weight: Vehicle must have a gross vehicle weight rating (GVWR) under 14,000 lbs.
  • Max Deduction: Up to $10,000 per year.
  • Income Limit: The deduction phases out if your modified adjusted gross income (MAGI) exceeds $100,000 for single filers or $200,000 for married couples filing jointly.

 

[JWH-1]

All of the Hurricane engines in Ram trucks are assembled in Satillo Mexico and because the final assembly is not in the USA it can't be claimed. If in doubt look at your window sticker for final assembly location.

The window sticker on my truck says it was assembled in Michigan. The engine was built in Mexico.

 

[turkeybird56]

Thanks for this thread. I learned a lot. The main thing that I learned is that I need to dig in a little more. I started my taxes in TurboTax. I don't think this tax credit is in there yet.

The 6K senior credit is in the programs, I use HR Block. Not know on vehicles as since I do not qualify not bother to look.