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TheCatt 
Top 2%
Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Apr. 05 2010,05:39 |
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I hate them.
But, since I started my own business last year, I figured I'd owe a boatload this April (We paid enough to be in safe harbor, but hadn't paid enough to cover what we thought our liabilities would be).
Well, turns out - we don't! We owe like 1k total ($1,800 to the feds, but state owes us $800).
ROCK ON.
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It's not me, it's someone else.
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| Post Number: 2
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GORDON
90%
Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
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Posted on: Apr. 05 2010,06:44 |
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I'd love to know what percentage of income the average person pays in taxes. Not just income taxes, that is easy to figure... but also gas taxes, property taxes (on your own home/apartment/barber shop where you get your hair cut, etc), sales taxes on goods purchased, and the hidden taxes built in to every single thing you buy from the taxes on the corporation that made it.
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I don't give a fuck!
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| Post Number: 3
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TPRJones
I saw The Fault in our Stars opening night.
Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: Apr. 05 2010,07:23 |
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Well, sales tax runs 9% around here, corporate taxes are typically in the 10% range, I pay about %10 myself, my apartment rent is - based on county data - roughly 8% property tax, and I pay a tax to drive my car.
Based on my (very) rough calculations, while earning around $40k annually my overall tax rate - of all types - is on the close order of 30%. ymmv.
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Vidi Perfutui Veni
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| Post Number: 4
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| Post Number: 5
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TheCatt
Top 2%
Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Apr. 05 2010,10:37 |
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Well, my wife is a CPA, so we're pretty conservative on the tax stuff. A friend of mine started his own consulting firm as well, and... is much more adventurous with his tax deductions, kids on payroll, etc.
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It's not me, it's someone else.
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| Post Number: 6
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TheCatt
Top 2%
Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Apr. 06 2010,05:14 |
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(Mommy Dearest @ Apr. 06 2010,08:09)
QUOTE
(TheCatt @ Apr. 05 2010,13:37)
QUOTE Well, my wife is a CPA, so we're pretty conservative on the tax stuff. Â A friend of mine started his own consulting firm as well, and... is much more adventurous with his tax deductions, kids on payroll, etc. Kids on the payroll is a very legitimate deduction. Â As long as they do some kind of work you don't have to pay social security on them until they are 18. Â Got my girls through high school with a paycheck instead of an allowance
He has his 10 year old as his bookkeeper. It's not legitimate.
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It's not me, it's someone else.
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Malcolm
I disagree.
Group: Privateers
Posts: 27168
Joined: May 2004
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Posted on: Apr. 06 2010,08:23 |
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(TheCatt @ Apr. 06 2010,07:14)
QUOTE
(Mommy Dearest @ Apr. 06 2010,08:09)
QUOTE
(TheCatt @ Apr. 05 2010,13:37)
QUOTE Well, my wife is a CPA, so we're pretty conservative on the tax stuff. Â A friend of mine started his own consulting firm as well, and... is much more adventurous with his tax deductions, kids on payroll, etc. Kids on the payroll is a very legitimate deduction. Â As long as they do some kind of work you don't have to pay social security on them until they are 18. Â Got my girls through high school with a paycheck instead of an allowance He has his 10 year old as his bookkeeper. Â It's not legitimate.
Maybe he literally just stores his books.
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Diogenes of Sinope:
"It is not that I am mad, it is only that my head is different from yours."
"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."
Arnold Judas Rimmer, BSC, SSC:
"Better dead than smeg."
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| Post Number: 9
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Mommy Dearest
Ask me about my TMD's.
Group: Privateers
Posts: 1396
Joined: May 2004
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Posted on: Apr. 07 2010,05:38 |
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I did my father's payroll at 12. Truly.
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| Post Number: 10
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Malcolm
I disagree.
Group: Privateers
Posts: 27168
Joined: May 2004
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Posted on: Apr. 07 2010,07:55 |
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(TPRJones @ Apr. 07 2010,09:09)
QUOTE
(Mommy Dearest @ Apr. 07 2010,07:38)
QUOTE I did my father's payroll at 12. Â Truly. Is it odd that I find this statement kind of sexy?
Yes.
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Diogenes of Sinope:
"It is not that I am mad, it is only that my head is different from yours."
"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."
Arnold Judas Rimmer, BSC, SSC:
"Better dead than smeg."
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| Post Number: 12
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Cakedaddy
Group: "Members"
Posts: 6241
Joined: May 2004
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Posted on: Apr. 07 2010,08:44 |
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Your 10 year old could wash your work vehicle. And if the government can pay $500 for a hammer, you should be able to pay him $500 for a car wash.
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| Post Number: 13
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Mommy Dearest
Ask me about my TMD's.
Group: Privateers
Posts: 1396
Joined: May 2004
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Posted on: Apr. 07 2010,19:28 |
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(TPRJones @ Apr. 07 2010,10:09)
QUOTE
(Mommy Dearest @ Apr. 07 2010,07:38)
QUOTE I did my father's payroll at 12. Â Truly. Is it odd that I find this statement kind of sexy?
It is not only odd it is damned wierd
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| Post Number: 14
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TPRJones
I saw The Fault in our Stars opening night.
Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: Apr. 07 2010,20:21 |
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Hmmm, looking at that now I see a potential misconception. For the record, the age of 12 is irrelevant. It's more about mathematical proclivities.
Just sayin'.
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Vidi Perfutui Veni
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