What percentage of your income are expenses? (Taxes)

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • Worried
    Confirmed User
    • Apr 2007
    • 149
    #1

    What percentage of your income are expenses? (Taxes)

    I finished doing all my spreadsheets for taxes and my taxes are around 9.5 percent of my total income.... Does that sound average?

    What's yours?
    Tags: None
    • baddog
      So Fucking Banned
      • Apr 2001
      • 107089
      #2
      when did income become an expense?

        Comment

        • g$$$
          Confirmed User
          • Mar 2007
          • 2807
          #3
          stop worrying so much worried...
          Promote the best!

          adult dating -
          www.fling.com
          www.hugetraffic.com

          cams -
          naked.com

          icq: 369-270-399 - hit me up for special payouts

            Comment

            • Furious_Female
              Confirmed User
              • Oct 2002
              • 8187
              #4
              9.5%? Seems low...
              Skype: j3nn.com
              ICQ 160370494

              My current favorite high-converting sponsor: CrakRevenue

                Comment

                • mattz
                  Confirmed User
                  • Dec 2001
                  • 7697
                  #5
                  you should have said taxes take 9.5 percent of your yearly earnings

                  how old are you?

                    Comment

                    • aico
                      Moo Moo Cow
                      • Mar 2004
                      • 14748
                      #6
                      0%, is this a trick question?

                        Comment

                        • Boobmeister
                          Confirmed User
                          • Feb 2007
                          • 105
                          #7
                          Originally posted by Worried
                          I finished doing all my spreadsheets for taxes and my taxes are around 9.5 percent of my total income.... Does that sound average?
                          When you say 'total income', do you mean 'adjusted gross income'?

                            Comment

                            • Worried
                              Confirmed User
                              • Apr 2007
                              • 149
                              #8
                              Originally posted by mattz
                              you should have said taxes take 9.5 percent of your yearly earnings

                              how old are you?
                              Yes, that's what I meant. I phrased it incorrectly.

                              I am 28.

                                Comment

                                • Worried
                                  Confirmed User
                                  • Apr 2007
                                  • 149
                                  #9
                                  Originally posted by Boobmeister
                                  When you say 'total income', do you mean 'adjusted gross income'?
                                  No, I mean just total earnings for the year before taxes.

                                    Comment

                                    • WiredGuy
                                      Pounding Googlebot
                                      • Aug 2002
                                      • 34517
                                      #10
                                      A little over 40% in taxes, I can't sign the check, its too painful.
                                      WG
                                      I play with Google.

                                        Comment

                                        • Worried
                                          Confirmed User
                                          • Apr 2007
                                          • 149
                                          #11
                                          I totally phrased the question wrong, I didn't mean how much do you pay in taxes (which I'm sure people can construe by reading the topic), I meant what percentage of your business income are expenses for tax purposes, such as monies spent on advertising, hosting, etc...

                                            Comment

                                            • Kard63
                                              Confirmed User
                                              • Nov 2003
                                              • 8944
                                              #12
                                              Originally posted by Worried
                                              I totally phrased the question wrong, I didn't mean how much do you pay in taxes (which I'm sure people can construe by reading the topic), I meant what percentage of your business income are expenses for tax purposes, such as monies spent on advertising, hosting, etc...
                                              We must be equally retarded because I took it that way. One thing you have to look out for is that not all tax deductible expenses are 100% deductible. I needed this pc for my biz, it doest mean I can write off the whole $6k jsut because I have a receipt that says $6k. I forget what percentage is applicable on such equipment. I know advertising is 100% write off. My business, the one I make money at anyway, is not on the internet. I might have 1 mil come in the door but 900k out the door in expenses. That would be 10% to answer your question.

                                                Comment

                                                Previous template Next
                                                Working...