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Topic: Holy Crap....Tax man cometh (Read 333 times) |
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Redd
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Holy Crap....Tax man cometh
« on: Jan 12th, 2007, 7:46pm » |
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I cant believe this...I got paid today..when I saw what was withheld I about shite my drawers.
$796.11 withheld in taxes. Thats unbelieveable.
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I saw an act of faith today. A man was on his knees, not in a pew in a Church, but in a garden planting seeds. ~~Unknown
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tanner
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Adopt a POW/MIA I have
 
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Re: Holy Crap....Tax man cometh
« Reply #1 on: Jan 12th, 2007, 7:48pm » |
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WTF, Pegg did you get one of those CEO jobs?
gives another meaning to OUCH  .....Tim
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I AM THE MASTER OF MY MIND, MY BODY, AND MY EMOTIONS...
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Redd
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Re: Holy Crap....Tax man cometh
« Reply #2 on: Jan 12th, 2007, 7:50pm » |
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Also gives a whole mew meaning to earning commissions.... 
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I saw an act of faith today. A man was on his knees, not in a pew in a Church, but in a garden planting seeds. ~~Unknown
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Jonny
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Re: Holy Crap....Tax man cometh
« Reply #3 on: Jan 12th, 2007, 7:51pm » |
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Can I come work with you?
Thats more than take home for me and I own the company.....LOL
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It is up to YOU to educate yourself and then help your doctor plan your treatment. If you just sit down in front of your doctor and say "make me better" you are setting yourself up for a great deal of pain.
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JeffB
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Re: Holy Crap....Tax man cometh
« Reply #4 on: Jan 12th, 2007, 7:51pm » |
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And thats just from your check. Wait till April!
Sorry, just trying to cheer you up.
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" It's been my experience that people who have no vices have very little virtues."
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Redd
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Re: Holy Crap....Tax man cometh
« Reply #5 on: Jan 12th, 2007, 7:54pm » |
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Base pay isn't great, but the commissions make up some of it. But the comission is capped, so there is only "so much" I can earn. But they tax the hell out of commission so whats left to live on is....well....you see...
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I saw an act of faith today. A man was on his knees, not in a pew in a Church, but in a garden planting seeds. ~~Unknown
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Redd
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Re: Holy Crap....Tax man cometh
« Reply #6 on: Jan 12th, 2007, 7:55pm » |
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on Jan 12th, 2007, 7:51pm, Jonny wrote:Can I come work with you?
Thats more than take home for me and I own the company.....LOL |
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Weekly or bi weekly Bro?
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I saw an act of faith today. A man was on his knees, not in a pew in a Church, but in a garden planting seeds. ~~Unknown
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Jonny
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Give me a shovel Ill dig my own grave!
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Re: Holy Crap....Tax man cometh
« Reply #7 on: Jan 12th, 2007, 7:59pm » |
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on Jan 12th, 2007, 7:54pm, Redd715 wrote:| But they tax the hell out of commission so whats left to live on is....well....you see... |
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I see you being taxed more than I gross for 40 hours.....LOL
You rich in my book 
"Live on".....LMAO 
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It is up to YOU to educate yourself and then help your doctor plan your treatment. If you just sit down in front of your doctor and say "make me better" you are setting yourself up for a great deal of pain.
- Guiseppi
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Redd
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Re: Holy Crap....Tax man cometh
« Reply #8 on: Jan 12th, 2007, 8:08pm » |
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I will admit, I've never in my life seen checks like I do now once a month when comission is paid. I'm budgeting on my base pay...comission is never a certainty...
I did miss one comission goal this quarter so I'm $500 shorter than I could have been today.
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I saw an act of faith today. A man was on his knees, not in a pew in a Church, but in a garden planting seeds. ~~Unknown
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notseinfeld
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Re: Holy Crap....Tax man cometh
« Reply #9 on: Jan 14th, 2007, 9:19pm » |
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I see it more like the tax man 'never leaveth'.
A step in the right direction is here iffn' you're interested:
www.fairtax.org
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-----------Democracy is three wolves and a sheep voting on what's for dinner. ---------------------
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fubar
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Re: Holy Crap....Tax man cometh
« Reply #10 on: Jan 15th, 2007, 2:56pm » |
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In the year 2006, I finally paid off my 2000/2001 tax bill. It took everything I had (literally). If I told you all the story, you would not believe it. In a nutshell I made (and lost) a lot of money in those two years. All of the money I made was on paper and counted as Ordinary Income. All of my losses could only be counted as 'Capital Loss'. Those two do not offset each other, so basically, I had to pay ordinary income tax on a shitload of money that I never saw. The IRS nailed me for over $572,000. I lost my house, my 15 year old business, my 'stuff'... almost everything.
All the while, I have been chronic with these bastard headaches, and I even had to stop working for a while. Believe me, I pretty much gave up hope.
Now, I am very happy, and my tax nightmare is over. I am working at a great company with a very respectable title and income, and all seems to be on track again.
The major lesson for me in this was simple... money has little/nothing to do with happiness. I can be happy when I'm broke, and I can be happy when I'm not broke. Pretty simple.
I never thought I would ever be able to say I paid that tax bill off. WOW. I remember when the full impact hit me... my whole world was spinning like crazy... It was seemingly impossible. Yet, somehow I did it, and it really didn't kill me. I still disagree with the tax bill, but that is in the past. Whew.
-Fu
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"He who has a why to live for can bear almost any how." -- Friedrich Nietzsche
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