(Untitled)

Aug 21, 2006 13:36

I calculated my taxes for this year because I am a miserly money monger. And I have calculated that I will be paying roughly $6,870.12 in taxes. WHY LORD WHY. It might not seem like a lot considering the people who will be paying around 50% in taxes, but fucking STILL. When you're not really making that much to begin with, 7k is quite a bit of ( Read more... )

taxes

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Comments 7

strewn August 21 2006, 20:44:26 UTC
holy shit! that's a lot of money! i had to pay backtaxes a while ago and i ended up paying over 2,000 dollars. last year, i had to pay about $400 and i was totally pissed. awww, i'm sorry.

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romancelanguage August 21 2006, 20:46:21 UTC
I KNOW GIRLFRIEND. I am hoping I've overtaxes myself, but I have feeling I didn't. I did include social security and medicare just in case. =\ barf barf barf.

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redtanktop August 22 2006, 00:16:39 UTC
WHAAAAAT. that is a lot of money!
was this just from the last year, alone?

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romancelanguage August 22 2006, 00:24:57 UTC
am i doing this wrong? this is just for my income as of starting right now.

isn't federal taxes:

Estimated Taxes
= Base Tax + (Rate x Amount Over)
= 4,090 + (25% x Amount Over $29,700)
= Federal Taxes

And then you add medicare and social security. Medicare is about 6% of your income and then social security is %1.54. Or am I totally wrong?

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djwasabi August 22 2006, 00:29:08 UTC
ouch.
:/

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romancelanguage August 23 2006, 23:31:10 UTC
FORTY THOUSAND?!?!?!?!??!!?

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anonymous August 24 2006, 04:35:24 UTC
HOLY FUCKING SHIT! WHO ARE YOU!?!!?

duuude you have to come over here. that thing weighs 500 pounds. no joke.

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