Archive for the ‘Yearly Tax Bite’ Category

The Math Skills Of Journalists

May 4, 2008

Journalists like me should never write blogs that require a good grasp of mathematical logic. When we do, we spend hours trying to compose entries that would take normal people minutes.

That’s my way of saying that some of the year-to-date numbers you’ll find on this blog are suspect. Specifically, the year-to-date numbers for entries that recap our weekly tax bite may be off.

It’s too complicated for me to try to explain why. Just trust me when I say that the most trustworthy year-to-date numbers are in the entries that calculate our monthly tax bite. No partial weeks are involved there, so I’m not as confused when I try to do the math.

I’ll keep tracking the year-to-date numbers in the weekly entries; you’ll just have to wait until the end of each month to see the more reliable numbers.

One other administrative note: I have revised the year-to-date numbers throughout this blog for two reasons: 1) I discovered some math mistakes and fixed them; and 2) I have dropped property taxes from the monthly calculations.

Our mortgage statements this year have yet to reflect any property taxes paid to the county government. I’m guessing that means our lender only pays the taxes quarterly. (See, you learn things when you blog about taxes.)

Rather than trying to estimate those taxes monthly as I had planned, I’m going to make note of them when they are paid. That will explain in part why a few of the monthly tax entries will be noticeably larger.

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The Running Total Of Our Taxes

February 21, 2008

Reader “mdb002” suggested that I post a grand total of taxes paid year to date as part of the weekly tax bite. It’s a great idea. I’ve updated the relevant posts.

The latest total — $7,218.18 — is listed in the tax bite for Week 7.

The year-to-date totals going forward will include the bigger updates from the monthly tax bite when relevant because the monthly entries include figures that aren’t listed in the weekly totals, such as income taxes and communications fees. I get that information only every other week or monthly.

I’ll also include year-to-date totals in the entries for monthly tax bites.