What are you doing with your "tax return" this year?

[tggodfrey]

I thought tax rates were going up and we wouldn't get much back anymore?  Or is that next year?

The tax rate change started at the first of this year.

You should have noticed your paycheck being $15-20 less each week since the beginning of the year.

Depends how much you make.  Mine is about 75.00 less per week (paid Biweekly).

[Necromancer]

Depends how much you make.  Mine is about 75.00 less per week (paid Biweekly).

That works out to nearly $200k a year.  Nice!

[MotherGunner]

I'm buying a house, so I will need all the liquid assets I can get a hold of!

[tggodfrey]

Depends how much you make.  Mine is about 75.00 less per week (paid Biweekly).

That works out to nearly $200k a year.  Nice!

your math is a little off....not quite that high.

[Necromancer]

your math is a little off....not quite that high.

The only payroll tax change was S.S. reverting to 6.2% from 4.2%, so the only difference in your paycheck should be the additional 2% being taken out.  $75 / 2% x 52 = $195,000.  

[tggodfrey]

Edit:  my ideas were all jumbled up so i cleaned this up.

Necro your not considering the SS ceiling being raised as well.  Depending on what one makes that can be a huge factor.  SS ceiling went from 106k to 110k.  Thats 4000.00 (accountable) I will be paying into SS.

Based on the 6.2/4.2 figures no considing the ceiling being raised I will be paying 58.00 into SS a week.  now factor the additional figure I will have to pay for raising the ceiling thats well over 75.00 a week average.

Now lets look at the Obama care so many people voted for.  Sounded good on paper right?

Heath care taxes went up due to the 1 million dollar tax to the health care companies the manufacture things like wheel chairs ect. (i forget the proper term).  Thats part of the trick down theory that Obama swears isnt happening.  There was also a Tax imposed on Pharmecuticals but I dont remember the details on it.  Who do you think will pay that tax?  thats is hitting our healthcare too, if yours isnt them maybe your lucky and your company absorbed it.  With as much as I get for healthcare, my company wont and i cant blame them.  May Lasik coverage alone makes it worth it so i shouldnt bitch.

Last year I paid over 30k in taxes......you can say i am highly against raising taxes and paying for someone elses healthcare.

Notice how he didnt raise the 17k figure you can put into your 401K pretax......

I am running out of ways to hide income.  Last year I created an S-Corp for I can claim 10-15k in losses for the first 3 years.  Eventually I am going to have to show profit and take it in the pooper.





Edit again:  I just did a realistic calc based on how many paychecks it takes to max out the SS ceiling and i am paying over 160.00 on average until I max out the ss withholdings.  This sucks even more.

[TheClash603]

Redistribution of wealth = society's gain!

Just check my payroll taxes and they went up as well, so now I feel as though I am accomplishing my civic duty.

[tggodfrey]

I cant wait to retire and become a burden on society.  With my luck we will adopt the Chineese method of dealign old people and i will be put on some moutain to die.