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Author
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Topic: So, who else is paying taxes?
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Fast92lxcoupe
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Member # 8221
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posted
 
 
Filed my taxes today. Paying over 5k ![[Frown]](frown.gif) 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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93 LX Hatch W/Black Int 5 Speed(R.I.P)
92 LX Coupe W/Black Int 5 Speed (sold)
88 LX Hatch 40K miles
68 Chevelle LS1
98 S10 Bagged FBSS
Posts: 1027 | From: Hayward | Registered: Feb 2008
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bentley mobs a stang
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Member # 11119
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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? ![[patriot]](graemlins/patriot.gif)
[ April 06, 2012, 02:43 AM: Message edited by: bentley mobs a stang ]
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We're here for a good time, not a long time.
Posts: 531 | From: East Bay | Registered: Jul 2011
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bentley mobs a stang
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Member # 11119
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Ps I'm paying around 3k so I feel ur pain
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We're here for a good time, not a long time.
Posts: 531 | From: East Bay | Registered: Jul 2011
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gq916
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Member # 8540
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god damn...thats a lot of money
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Zinc Yellow 2003 Mach1
Maximum Motorsport Suspension
White 1996 Cobra-Sold 3/2013
Tuned by ForceFed
AED Dyno 308rwhp 283rwtq SAE
Posts: 306 | From: sacramento | Registered: Jul 2008
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hilltim54
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Member # 10655
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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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Just bcuz you lived a long life dont mean it cant come to a short end old ass nigga.
Thugnificent
Posts: 1971 | From: Oregon | Registered: Feb 2011
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510 mob shit
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Member # 2117
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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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FHFC
Posts: 340 | Registered: Nov 2002
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N8
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Member # 6048
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I havent received a tax refund in 10+ years, I always pay out.
Posts: 11638 | Registered: Sep 2005
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S4OSHUS
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Member # 2918
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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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2001 audi s4 avant stage 3. 460 whp e85
2001 audi S4 stage 3 sold!
91 lx 347 sold!
90 lx notchback sold!
99 cobra sold!
Posts: 695 | From: FRISCO | Registered: Jun 2003
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Wildfire532FB
CAFords OG
Member # 1482
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I owe 497 dollars.
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68 Fastback
84 CJ7
94 HMMWV
95 GT
03 F350
17 Fusion Hybrid
Posts: 17578 | From: 530 | Registered: Jun 2002
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hidnn.o.s.
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Member # 1219
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quote:
Originally posted by N8:
I havent received a tax refund in 10+ years, I always pay out.
That is NOT a bad thing
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R.I.P. Willie G. You are missed on this forum
Posts: 15950 | Registered: Apr 2002
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FRC_Kid
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Member # 8940
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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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Pretend Racecar Driver- C5 FRC
Ford, GM, & Dodge is what I'm all about
Posts: 2578 | From: All over the Peninsula | Registered: Feb 2009
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2T0NE
Go 49ers
Member # 4216
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I PAY 7-8K A YEAR FOR MY PROPERTY TAXES..
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Originally posted by x Raelsmar x:
Can't wait till the Giants lose tomorrow night so all you Giants fans are forced to shut the fuck up.
Posts: 14676 | From: 760 carlsbad | Registered: Mar 2004
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2T0NE
Go 49ers
Member # 4216
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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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Originally posted by x Raelsmar x:
Can't wait till the Giants lose tomorrow night so all you Giants fans are forced to shut the fuck up.
Posts: 14676 | From: 760 carlsbad | Registered: Mar 2004
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cemelevu
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Member # 10601
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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.
Posts: 474 | Registered: Jan 2011
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Duncan Motors
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Member # 7045
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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.
Posts: 6310 | From: Vallejo | Registered: Sep 2006
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SLOWBACK 67
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Member # 6348
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quote:
Originally posted by bentley mobs a stang:
Fuck what the gov does. What are YOU doing?
What they the federal, state & local Gov do can greatly affect your life and your paycheck. Why should the gov take more then half of someone's income to begin with? Doesn't leave as much incentive to work harder and make more money does it?
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Originally posted by turbo50:
I have no intenions of keeping anyones parts or taking anyones money.
Posts: 8582 | From: Vallejo | Registered: Dec 2005
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Boss 327
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Member # 9143
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I'll be paying this year again. Last year was $600. Not sure what it will be this year.
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"You'll never truly understand building engines until you can make power N/A. FI overshadows an engines defficiency." Al Papito
Posts: 1789 | From: East Bay | Registered: May 2009
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Fast92lxcoupe
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Member # 8221
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posted
quote:
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
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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93 LX Hatch W/Black Int 5 Speed(R.I.P)
92 LX Coupe W/Black Int 5 Speed (sold)
88 LX Hatch 40K miles
68 Chevelle LS1
98 S10 Bagged FBSS
Posts: 1027 | From: Hayward | Registered: Feb 2008
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SLOWBACK 67
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Member # 6348
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^ You need to buy a house then LOL.
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Originally posted by turbo50:
I have no intenions of keeping anyones parts or taking anyones money.
Posts: 8582 | From: Vallejo | Registered: Dec 2005
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FRC_Kid
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Member # 8940
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posted
quote:
Originally posted by Fast92lxcoupe:
quote:
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
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
So you make 7 figures???? If so then you aren't so called strapped for cash lol....
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Pretend Racecar Driver- C5 FRC
Ford, GM, & Dodge is what I'm all about
Posts: 2578 | From: All over the Peninsula | Registered: Feb 2009
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Wolfie351
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Member # 651
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posted
quote:
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
You're going to have penalties then and they'll be expecting you to pay quarterlies in 2012
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1985 Mustang GT: 351W, Griggs, Baer, etc etc
Posts: 1214 | From: South Bay | Registered: Dec 2001
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Fast92lxcoupe
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Member # 8221
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posted
quote:
Originally posted by cali95gt:
quote:
Originally posted by Fast92lxcoupe:
quote:
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
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
So you make 7 figures???? If so then you aren't so called strapped for cash lol....
7 fugures? I wish. No way, i just barely break the 6 figure mark. I gotta buy a house
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93 LX Hatch W/Black Int 5 Speed(R.I.P)
92 LX Coupe W/Black Int 5 Speed (sold)
88 LX Hatch 40K miles
68 Chevelle LS1
98 S10 Bagged FBSS
Posts: 1027 | From: Hayward | Registered: Feb 2008
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BIGBALLFACTOR
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Member # 7277
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posted
quote:
Originally posted by N8:
I havent received a tax refund in 10+ years, I always pay out.
not having a job will do that
Posts: 6908 | From: okc | Registered: Dec 2006
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N8
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Member # 6048
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posted
quote:
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.
This is some what true. I am a business owner and have been for the last 10+ years. Started off as a side gig, but as you grow and become profitable the need to show this growth and profit becomes paramount. That means being square with the IRS. This year I benefited from some tax relief for employing folks. But still ended up owing. But being able to write off just about anything is a great feeling. But at a certain point you have a very keen eye for detail or you will screw yourself. And if you ever want to grow, you will have to pay the piper (IRS) eventually.
Posts: 11638 | Registered: Sep 2005
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04 S281
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Member # 9229
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posted
You gotta claim more deductions. Having receipts for charitable donations to a religious organizations and non-profits cuts taxes a lot...
Back in the day before the Gov got wise, getting beater rollers for a couple hundred bucks, and donating them to charities, would let you write off their BlueBook value as a deduction...
I haven't owed any taxes since 2001. I usually get a decent return.
Posts: 1570 | From: Sacramento | Registered: Jun 2009
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