This is topic So, who else is paying taxes? in forum General Talk at Northern California Ford Owners  .


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Posted by Fast92lxcoupe (Member # 8221) on :
 
Filed my taxes today. Paying over 5k I claim 0 and get almost a grand taken out of every paycheck in taxes.. And I still got shafted

[ April 06, 2012, 02:39 AM: Message edited by: Fast92lxcoupe ]
 

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Posted by bentley mobs a stang (Member # 11119) on :
 
My best friends dad pay 6 figures in taxes every year. It sucks, but he's making enough money to live a good life regardless. That's where I wanna be. Fuck what the gov does. What are YOU doing?

[ April 06, 2012, 02:43 AM: Message edited by: bentley mobs a stang ]
 

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Posted by bentley mobs a stang (Member # 11119) on :
 
Ps I'm paying around 3k so I feel ur pain
 

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Posted by gq916 (Member # 8540) on :
 
god damn...thats a lot of money
 

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Posted by hilltim54 (Member # 10655) on :
 
Damn, i feel bad for u guys.. I got a 5k refund... if u guys dont mind me asking, how much do you guys make a year??
 

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Posted by 510 mob shit (Member # 2117) on :
 
Claiming 0 all year and still paying?? The question is ,is WHO'S doing your taxes? Because something here is defiantly not right?
 

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Posted by N8 (Member # 6048) on :
 
I havent received a tax refund in 10+ years, I always pay out.
 

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Posted by S4OSHUS (Member # 2918) on :
 
you need to get some of that money into 401k. i put 10k a year into 401k and claim 0 just to cover my ass from paying. i have coworkers owing 10-15 k in taxes sometimes

[ April 06, 2012, 09:47 AM: Message edited by: S4OSHUS ]
 

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Posted by WildFire532FB (Member # 1482) on :
 
I owe 497 dollars.
 

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Posted by hidnn.o.s. (Member # 1219) on :
 

quote:

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Originally posted by N8:
I havent received a tax refund in 10+ years, I always pay out.

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That is NOT a bad thing
 

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Posted by cali95gt (Member # 8940) on :
 
I'm just now understanding more about taxes... My 401k saved my butt this year.. I'm dumping even more in to it this year and I've always claimed zero....some of my co-workers owe and are curious why I don't lol...
 

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Posted by 2T0NE (Member # 4216) on :
 
I PAY 7-8K A YEAR FOR MY PROPERTY TAXES..
 

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Posted by 2T0NE (Member # 4216) on :
 
my plan for the last 3 yrs has been saving 250 a month just for taxes,and i keep my tax return,before i used to get my refund and pay my property taxes with it,IVE BEEN KEEPING MY REFUND for the last 2 yrs due to my extra strategy
 

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Posted by cemelevu (Member # 10601) on :
 
I owed 130 to feds, and got back 800 from state. Wife was pissed, said we should have gotten more back. I showed her why, she was unemployed and we didnt have any taxes taken out of her unemployment benifits, and I had almost 2k less taken out of my check. That was money we needed for month to month expenses, diapers, baby food. Once i explained it that way, she calmed down.
 

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Posted by Duncan Motors (Member # 7045) on :
 
open ur own business no matter how stupid or small. for example,,,,, a base ball card inspecter. bein a business owner u have control of your taxes, ur gas is a write off, food is a write off.clothes , trips,bridge toll everydam thing that u buy except for hookers and camels are a write off one way or the other, now im not saying lie, but there def advantages, in the first 3 years u can claim a loss without any problems. make a business u like as a hobbie, and maybe in three years u will love what u do and it might make more than u working for some one else. i pay in quarter taxes but that's it.and that's only for parts that i mark up, so the government wants there cut on top of sales taxes. so for example im not marking parts up any more. by by quarter taxes almost, folks get cheaper parts, i dont have to come with government money 4 times a year. i still have the yearly taxes, but i got some dam gd write off, as well. your car with a lil sticker with your business logo is now your advertisement write off.i might not get a ton back, but the more write off i come up with, the better it seams to get. and none of my checks lol are government taxed.
 

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Posted by Slowback67 (Member # 6348) on :
 

quote:

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Originally posted by bentley mobs a stang:
Fuck what the gov does. What are YOU doing?

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quote:

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Originally posted by S4OSHUS:
you need to get some of that money into 401k. i put 10k a year into 401k and claim 0 just to cover my ass from paying. i have coworkers owing 10-15 k in taxes sometimes

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quote:

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Originally posted by Fast92lxcoupe:

quote:

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Originally posted by S4OSHUS:
you need to get some of that money into 401k. i put 10k a year into 401k and claim 0 just to cover my ass from paying. i have coworkers owing 10-15 k in taxes sometimes

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I DO claim 0 and have 200 bucks taken out of every check for my 403B (like 401K). I guess I have to pay because I'm single, not a house owner, no kids, and make over 6 figures

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quote:

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Originally posted by Fast92lxcoupe:
Filed my taxes today. Paying over 5k I claim 0 and get almost a grand taken out of every paycheck in taxes.. And I still got shafted

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quote:

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Originally posted by cali95gt:

quote:

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Originally posted by Fast92lxcoupe:

quote:

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Originally posted by S4OSHUS:
you need to get some of that money into 401k. i put 10k a year into 401k and claim 0 just to cover my ass from paying. i have coworkers owing 10-15 k in taxes sometimes

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I DO claim 0 and have 200 bucks taken out of every check for my 403B (like 401K). I guess I have to pay because I'm single, not a house owner, no kids, and make over 6 figures

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So you make 7 figures???? If so then you aren't so called strapped for cash lol....

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quote:

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Originally posted by N8:
I havent received a tax refund in 10+ years, I always pay out.

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quote:

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Originally posted by Duncan Motors:
open ur own business no matter how stupid or small. for example,,,,, a base ball card inspecter. bein a business owner u have control of your taxes, ur gas is a write off, food is a write off.clothes , trips,bridge toll everydam thing that u buy except for hookers and camels are a write off one way or the other, now im not saying lie, but there def advantages, in the first 3 years u can claim a loss without any problems. make a business u like as a hobbie, and maybe in three years u will love what u do and it might make more than u working for some one else. i pay in quarter taxes but that's it.and that's only for parts that i mark up, so the government wants there cut on top of sales taxes. so for example im not marking parts up any more. by by quarter taxes almost, folks get cheaper parts, i dont have to come with government money 4 times a year. i still have the yearly taxes, but i got some dam gd write off, as well. your car with a lil sticker with your business logo is now your advertisement write off.i might not get a ton back, but the more write off i come up with, the better it seams to get. and none of my checks lol are government taxed.

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quote:

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Originally posted by 95GTConvtACE:
I am paying 10k this year. Good thing my bonus was 15k. No toys this time around.

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I'm curious to see how bonus's are dealt with. I usually only have a small bonus like a few thousand, but last year our video game paid out and I received almost $20k in profit sharing bonus's.

My accountant hasn't told me what's going to happen yet, if I have to pay or if I get a huge refund because those checks were taxed at a higher rate
 

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Posted by 95GTConvtACE (Member # 6399) on :
 

quote:

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Originally posted by Blind:

quote:

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Originally posted by 95GTConvtACE:
I am paying 10k this year. Good thing my bonus was 15k. No toys this time around.

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I'm curious to see how bonus's are dealt with. I usually only have a small bonus like a few thousand, but last year our video game paid out and I received almost $20k in profit sharing bonus's.

My accountant hasn't told me what's going to happen yet, if I have to pay or if I get a huge refund because those checks were taxed at a higher rate

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quote:

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Originally posted by 510 mob shit:
Claiming 0 all year and still paying?? The question is ,is WHO'S doing your taxes? Because something here is defiantly not right?

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Agree, last year I got my taxes done at a senior volunteer place. (All old folks, ex IRS agents people like that) the old lady told me, "Always claim 0 since you have no house or kids and you won't owe and will get at least a small amount back". They take a shit load off every paycheck but I didn't have to pay and got like $1500 back.

Uncle Sam sucks ass tho, next year I'm claiming my grandma on that foo as a dependent!!
 

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Posted by venomous99 (Member # 1917) on :
 
refunds...what's that?

 

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Posted by andyman_2k01 (Member # 1448) on :
 
I paid about 8k this year altogether. It felt like a bottomless pit in my stomach when I had to write the gov't the checks.
 

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Posted by nitrous_bob (Member # 77) on :
 
oh shit...my GF said to say thanks to you

then she made you a video...after she got up all early like noon and shit



 

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