nosy
Ng Honorary 
Posts: 373
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Post by nosy on Aug 29, 2011 3:39:56 GMT -5
I think a few people here have never heard of income tax
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pengy
Full Member
Posts: 115
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Post by pengy on Aug 29, 2011 17:56:30 GMT -5
there isn't tax here in WA but in Cali i never paid 33% and was making decent money. Hell even with 90 hour work weeks i didn't lose that much. What are you claiming on your w2's eclipse?
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busta
Ng Member Sergeant
Posts: 297
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Post by busta on Aug 29, 2011 19:35:55 GMT -5
hes prob doing the samething im doing i claim 0 that way i get back more and anyways when you have kids you get more back due to having children
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dash
Ng Member Sergeant
Posts: 1,685
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Post by dash on Aug 29, 2011 19:46:32 GMT -5
you claim 0 and get back more?
does that even make sense?
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pengy
Full Member
Posts: 115
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Post by pengy on Aug 29, 2011 20:02:19 GMT -5
you claim 0 therefore they take out the maximum amount from your check. Claiming 1 with a kid might actually benefit you more. You never get "all" of it back at the end of the year. Sure you get more but the whole idea with dependents is having the money now. And yes this topic has highly drifted off.
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AiR
Ng Member Private
Posts: 266
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Post by AiR on Aug 29, 2011 22:48:37 GMT -5
or claim 9 (or exempt if possible) and pay what you owe at the end of the year
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dash
Ng Member Sergeant
Posts: 1,685
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Post by dash on Aug 30, 2011 6:24:19 GMT -5
i have no idea what you guys are on about. i prefer our tax system, it seems easier  |
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eclipse.
Ng Member Sergeant
A What?!
Posts: 2,319
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Post by eclipse. on Aug 30, 2011 8:05:44 GMT -5
or claim 9 (or exempt if possible) and pay what you owe at the end of the year No thanks. |
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eclipse.
Ng Member Sergeant
A What?!
Posts: 2,319
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Post by eclipse. on Aug 30, 2011 10:24:58 GMT -5
i have no idea what you guys are on about. i prefer our tax system, it seems easier The US tax system has a shit ton of loopholes, thats why it is confusing. Can't emphasize enough how it is designed to kick the poor and protect the rich. well, the dirt poor get free houses and free food and free spending money and what the fuck ever else they get, but IMO it fucks the middle class more than the upper class. That's why I have been thinking of getting a real estate license, the tax breaks for realtors are goddamn ridiculous. I claim "1" as recommended by my accountant. I am not sure how much I will get back for Aiden, next time I meet with him I'll check it out. But I know for a fact I lose about 30% of my checks to taxes every week. I also have another 3 or 5% taken out to ensure that I do not owe anything at the end of the year, but I did not factor that into my original quote of 30-35%. |
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xer0
New Member
Posts: 12
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Post by xer0 on Aug 31, 2011 18:08:39 GMT -5
Just a quick note for Eclipse: The more you have them take from you in the first place, the worse off you are. You don't want a refund at the end of the year; that would be money you could have had all along and invested to make more of a profit than allowing the gov't to use. Normally you should break close to even, often times owing less than $100 to state and getting a small return on federal. This way you may owe a tiny amount, but what you get out of your paychecks is all yours to invest and make real money off of. And I don't mean investing in your piggy bank Eclipse  |
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eclipse.
Ng Member Sergeant
A What?!
Posts: 2,319
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Post by eclipse. on Aug 31, 2011 19:06:52 GMT -5
I invest in waffles, tons of waffles.
I have a fair amount of money invested and it is doing well for me at the moment, took a hit a few weeks ago but it didn't cut into my initial investment at all so I am OK with it. haven't added to it in a while though. Next time I have upwards of 5k laying around I will.
As far as taxes, I am due to get quite a bit back, and February/March is when I like to go on vacation.
Plus I have a button on my phone that I press and it gives me free money so it's really all good. ;D
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busta
Ng Member Sergeant
Posts: 297
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Post by busta on Aug 31, 2011 21:04:43 GMT -5
I invest in waffles, tons of waffles. I have a fair amount of money invested and it is doing well for me at the moment, took a hit a few weeks ago but it didn't cut into my initial investment at all so I am OK with it. haven't added to it in a while though. Next time I have upwards of 5k laying around I will. As far as taxes, I am due to get quite a bit back, and February/March is when I like to go on vacation. Plus I have a button on my phone that I press and it gives me free money so it's really all good. ;D lol wish i had 1 of those buttons |
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AiR
Ng Member Private
Posts: 266
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Post by AiR on Aug 31, 2011 23:04:13 GMT -5
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nosy
Ng Honorary
Posts: 373
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Post by nosy on Sept 1, 2011 2:55:05 GMT -5
I invest in waffles, tons of waffles. I have a fair amount of money invested and it is doing well for me at the moment, took a hit a few weeks ago but it didn't cut into my initial investment at all so I am OK with it. haven't added to it in a while though. Next time I have upwards of 5k laying around I will. As far as taxes, I am due to get quite a bit back, and February/March is when I like to go on vacation. Plus I have a button on my phone that I press and it gives me free money so it's really all good. ;D Personally I'd want to watch and wait right now. Probably until after more money gets printed and interest rates take a hike Also, what is free money? Does not compute |
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eclipse.
Ng Member Sergeant
A What?!
Posts: 2,319
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Post by eclipse. on Sept 1, 2011 12:07:54 GMT -5
free money is my dads speed dial, number 5.
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Row your boat.
