Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: Marty Champions on December 06, 2015, 05:31:29 AM
-
so basically i owe 45k wich leaves me with 55k left over and i spend conservatively/ wishinfully 36k on living expenses like food , im only saving 20k a year n that aint shit 4 all my hard work while a berni sander obama neegul doesnt need a job
-
Who is doing your taxes?
That is too much..
Your tax bracket should be in the 30's..
-
You don't pay 45% on the whole 100k. I'm not gonna look at the tax tables to get the exact numbers, as doing so would make me sick, but this is the basic idea.
1-20k 10%
20-40 15%
40-50 20%...
-
You aren't earning enough money for whose president to be important.
-
its. still fucked dont obamions get 700 month for food andn 700 month for rent?
-
its. still fucked dont obamions get 700 month for food andn 700 month for rent?
all the drugs are taking a toll on your grammar and spelling, johnnaaaaay.
-
all the drugs are taking a toll on your grammar and spelling, johnnaaaaay.
:o missing a capital a there bro we gotta get off the drugs fagget :o :o :o
-
You also have to pay taxes on your welfare, disability and food stamps.
-
you are a contractor. only declare the bare minimum of the money you make.
-
35 percent thanks to Obama. Then you have to pay social security and Medicaid and state tax depending where you live. Here in Cali I just got a $10k bonus and it was $5600 after all that shit was taken out. Fucking crime.
-
Who is doing your taxes?
That is too much..
Your tax bracket should be in the 30's..
If he is getting a 1099 then he probably is paying north of 40% because he pays the employers burden as well. My take, get yourself a better CPA.
-
After the income tax add in state, Fed, gas, food and property taxes. Not saying it isn't necessary but it is what it is.
-
its. still fucked dont obamions get 700 month for food andn 700 month for rent?
You must be talking about that SSDI check...
-
Obama invented SSDI?
-
Start selling grass clippings as a dietary supplement.
-
My actual tax rate is around 25% when averaging in any capital gains.
-
You don't pay 45% on the whole 100k. I'm not gonna look at the tax tables to get the exact numbers, as doing so would make me sick, but this is the basic idea.
1-20k 10%
20-40 15%
40-50 20%...
Actually Falcon is semi right on this. After you add up all the taxes; fed, state and local and add up all the hidden taxes, ie purchases, gas, car related and etc actual effective tax rate is around ~50.
-
Actually Falcon is semi right on this. After you add up all the taxes; fed, state and local and add up all the hidden taxes, ie purchases, gas, car related and etc actual effective tax rate is around ~50.
:'(
-
Depends where you live, I'm in California, and between state and federal taxes, deductions for medical, 401k, etc. It seems that at that level your take home income is about 70% of what you actually get paid... So minus $30k
-
you are a contractor. only declare the bare minimum of the money you make.
Seriously....creative deductions are one of the best things about working for yourself
-
Can I assume that JF correctly set up an S Corporation for himself, or would that be uproariously presumptuous?
There are tax benefits only available to that classification.
-
Maarty, Here's the short response to your concern .....
Income $100,000 (As computed on your SCHEDULE C and added to your 1040
Standard/Itemized deductions $6,300 (As shown on your 1040)
Personal exemptions $4,000 (As shown on your 1040)
Taxable income $89,700 (As computed on your 1040)
Estimated tax liability $18,219 (But add an approximate amount of $1,000 to pay for your SE Tax))
So a self employed person with a total income after deductions of $100,000 as computed on his Schedule C with no kids would pay about $20,000. (20% of his total income)
You would need three Federal Tax Forms to compute your 2015 tax obligation,
1. Fed Frorm 1040
2. Schedule C
3. Schedule SE
Pretty easy and FUN once you get the hang of it and if you are in business for yourself it's pretty damn necessity
-
35 percent thanks to Obama. Then you have to pay social security and Medicaid and state tax depending where you live. Here in Cali I just got a $10k bonus and it was $5600 after all that shit was taken out. Fucking crime.
if there was no tax, you wouldnt get a $10k bonus. If you did, then it would be equivalent to a $20k bonus in a tax based economy.
americans just dont get it.
your income is what it is BECAUSE of taxes. without taxes you get no safety net, limited or "user pays" roads, sewer systems, electricity, water services, street cleaning, public schools...etc etc...
the more social services you have, the less crime and desperate people. governments try for the perfect balance.
the more you put your individual hand out, the more you bring on yourself. the US is a prime example of how user pays creates a huge social divide and results in mass poverty and high crime.
-
If "ifs" and "buts" were candy and nuts we'd all have a merry christmas...