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Tax surliness

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Tax surliness

Postby RugbyD » Wed Feb 28, 2007 11:00 am

when bonus makes up a significant amount of your total pay, you really get a good picture of how bad you're getting gouged by taxes. After setting aside the 401(k) takeout, I got whacked 45% on the remainder! I better be getting some of that back next year, too bad it won't be with interest. Bastards. :-C
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Re: Tax surliness

Postby knapplc » Wed Feb 28, 2007 11:02 am

RugbyD wrote:when bonus makes up a significant amount of your total pay, you really get a good picture of how bad you're getting gouged by taxes. After setting aside the 401(k) takeout, I got whacked 45% on the remainder! I better be getting some of that back next year, too bad it won't be with interest. Bastards. :-C


It's hard to imagine a reasonable democracy could believe that it is entitled to nearly half of your income. After you get done paying sales taxes, wheel taxes, etc, you easily pay over half your income to the Government.

Thieves. :-t
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Re: Tax surliness

Postby raiders_umpire » Wed Feb 28, 2007 11:10 am

RugbyD wrote:when bonus makes up a significant amount of your total pay, you really get a good picture of how bad you're getting gouged by taxes. After setting aside the 401(k) takeout, I got whacked 45% on the remainder! I better be getting some of that back next year, too bad it won't be with interest. Bastards. :-C




I get a very nice bonus every year around Christmas, and I usually lose 47% of it every year. It always pains me to turn the check over and see all the huge deductions.
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Postby Mookie4ever » Wed Feb 28, 2007 11:17 am

The trouble with having your own business is that there is nobody to withhold taxes for you and you have to pay it all at the end of the year. It looks I'm going to have to take out a loan to pay my taxes this year. Soooo I will be paying interest on the money that I am paying the government for taxes. :-P

Actually makes me feel a little queasy.
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Postby chadlincoln » Wed Feb 28, 2007 12:10 pm

Don't worry fellas, all the money we're paying into SS will be there for us when we retire. !+)
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Postby RugbyD » Wed Feb 28, 2007 12:23 pm

chadlincoln wrote:Don't worry fellas, all the money we're paying into SS will be there for us when we retire. !+)

ya know, you're not really helping things. :-[ :-b
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Postby StlSluggers » Wed Feb 28, 2007 12:27 pm

I'm getting over two grand back thanks to my wife's self-employment.

O:-)
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Postby Madison » Wed Feb 28, 2007 12:33 pm

I have to write out quarterly checks. Not fun stuff and I really HATE writing those checks out. :-[
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Postby StlSluggers » Wed Feb 28, 2007 12:37 pm

Madison wrote:I have to write out quarterly checks. Not fun stuff and I really HATE writing those checks out. :-[

Yeah, but those damn Texas income taxes must be a bear.

;-7
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Postby Madison » Wed Feb 28, 2007 1:10 pm

StlSluggers wrote:
Madison wrote:I have to write out quarterly checks. Not fun stuff and I really HATE writing those checks out. :-[

Yeah, but those damn Texas income taxes must be a bear.

;-7


Yep, no state taxes is sweet! :-)
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