Taxes 33% Fed 15% SS 6% State = 54% of my money gone.

**MickeyG** · 04-15-2005, 05:39 AM

maybe you can get a better accountant, it sounds like your paying an awful high percentage.

**Chio The Pirate** · 04-15-2005, 05:41 AM

YARGH! Setup a big boat offshore.

**hydro** · 04-15-2005, 05:42 AM

ill be sure to think of you when im paying for my dinner at red lobster with my food stamps

**Fred Quimby** · 04-15-2005, 05:47 AM

Originally posted by MickeyG

maybe you can get a better accountant, it sounds like your paying an awful high percentage.

If there is a way out of the 33% bracket,,I'd love to hear it

**Cassie** · 04-15-2005, 06:30 AM

and what do you have to show for it........

**Basic_man** · 04-15-2005, 06:32 AM

Ouch !!!! That's ALOT !

**detoxed** · 04-15-2005, 06:39 AM

Originally posted by Fred Quimby

If there is a way out of the 33% bracket,,I'd love to hear it

deductions

**BRISK** · 04-15-2005, 06:41 AM

Originally posted by Fred Quimby

If there is a way out of the 33% bracket,,I'd love to hear it

...Death.

**azguy** · 04-15-2005, 06:42 AM

Wow. Your CPA is definitely doing something wrong

**Fred Quimby** · 04-15-2005, 06:44 AM

Originally posted by detoxed

deductions

yup,,,but that is the whole problem,,my expenses are so low..

**andrej_NDC** · 04-15-2005, 06:45 AM

I paid 15% and even that sucks

**Raven** · 04-15-2005, 06:49 AM

Quarterlies AND year end this month. Feh.

No state tax, though. That's the only relief.

I feel your pain.

**detoxed** · 04-15-2005, 07:17 AM

Originally posted by Fred Quimby

yup,,,but that is the whole problem,,my expenses are so low..

go on vacation, buy a new computer, buy some domains that will produce long term income, lots of possible deductions out there.

**Fletch XXX** · 04-15-2005, 07:19 AM

wage slavery is still slavery, that is why you get less than half.

i cant believe peiople dont think this.

WAGE SLAVERY

**tony286** · 04-15-2005, 07:22 AM

Originally posted by MickeyG

maybe you can get a better accountant, it sounds like your paying an awful high percentage.

my thoughts ,thats crazy

**azguy** · 04-15-2005, 07:24 AM

Originally posted by Fred Quimby

yup,,,but that is the whole problem,,my expenses are so low..

The whole point is to make them higher for the purpose of growing your business (more lunch meetings, picture sets, design services, domains, whatever). You're giving back free money. Not saying you should abuse it, but your expenses for business development should be higher anyway.

**azguy** · 04-15-2005, 07:25 AM

Originally posted by Fred Quimby

I'm getting drunk tonight,,,who is with me?

^^^ example: those drinks should be deducted

**AdultMovies.bz** · 04-15-2005, 07:46 AM

Thats nothing, Australia has the worst taxes, I pay 30% company tax, and the from the remainder I pay 48% tax as i'm on a 100k+ salary...

**Sosa** · 04-15-2005, 07:51 AM

get more deductions so you drop out of that 33% bracket. do you have a corp or do you pay self employment tax also?

**Jakke PNG** · 04-15-2005, 07:58 AM

Out of a month, you work 2½ for uncle sam, and 2 for yourself. Ain't it great!

**Jakke PNG** · 04-15-2005, 07:59 AM

Originally posted by AdultMovies.bz

Thats nothing, Australia has the worst taxes..bla bla

Move to scandinavia then. It's cheap. 27% corp taxes and up to 60% personal. + other expenses such as mandatory unemployment insurances, mandatory retirement funds etc. IT's GREAT.

**DWB** · 04-15-2005, 08:07 AM

Deductions man... get a lot of them, it will bring you WAY down if you think it out.

**Furious_Female** · 04-15-2005, 08:09 AM

ugh... taxes

write off EVERYTHING you can think of. Someone bump that tax write off thread?

Anyway, tonight will be a great night to get wasted. Cheers.

Taxes 33% Fed 15% SS 6% State = 54% of my money gone.

Taxes 33% Fed 15% SS 6% State = 54% of my money gone.

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment