Originally Posted By GodBlessTexas: I wish I got taxed at 16%. Last year I ended up being one of those top 5% taxpaying folks that everyone claims should be paying more because we won't miss it and are so rich. I guess I'll sell the mansion and fire the butler, except I don't have either of them, nor a car worth more than $20k or even a six figure home. Coming from being self employed you're probably used to being heavily taxed, but depending on how much you're making, 16% may be right. Personally, I'd ask an accountant how much should be taken out based on your income, and not your HR person. HR departments have been known to deduct too few taxes and get people screwed come tax time. God Bless Texas

Originally Posted By M4_Aiming_at_U: [v] I was actually complaining becuase I though 16% was too high. Is Texas a really High taxed state? I hope not, I always thought it to be the place where I could settle down one day.

Originally Posted By Troy: When your Fed & State taxes (only) come to 28%, then you can complain... -Troy P.S., remember, most things you buy will require you to pay additional taxes

-Troy ... Will this raping of the americans wallet ever end?

Originally Posted By Troy: When your Fed & State taxes (only) come to 28%, then you can complain...

Originally Posted By marvl: You know you're making real money when the Man takes 38 percent as his cut. I wouldn't worry.

Originally Posted By TxLewis: Jarhead, I feel your pain. In the last two years combined, just from income taxes, I gave the gov't a new porsche 911 Some people never take the time to add up all the taxes, social sec, medicare, sales, property, capital gains, gas taxes, taxes on phone and other utilities, sin taxes, registration of auto,income taxes, plus, the 7.5 % our company pays the gov't we don't see,, then excise taxes, etc., etc., etc. It would be nice to keep more than 50% of the money I make. WL

Originally Posted By Flash66: We need a tax revolution big time

Originally Posted By TxLewis: Jarhead, I feel your pain. In the last two years combined, just from income taxes, I gave the gov't a new porsche 911 Some people never take the time to add up all the taxes, social sec, medicare, sales, property, capital gains, gas taxes, taxes on phone and other utilities, sin taxes, registration of auto,income taxes, plus, the 7.5 % our company pays the gov't we don't see,, then excise taxes, etc., etc., etc.

It would be nice to keep more than 50% of the money I make. WL

Originally Posted By Flash66: Last May my wife, younger son and myself took a trip back to Florida to attend my older son's graduation from college. We were gone for ten days. We stayed with some friends and in some motels. We rented a car and mostly ate out. The trip cost us $3600 total. I kept account of all the taxes we paid. First of all in order to have $3600 in spendable money I had to pay $1100 in Federal Income Tax at my rate. I had to also pay about $150 in Social Security. Before I left for the airport I had given Uncle Sugar about $1250 for the privilege of seeing my son graduate from college. The car rental was about $500. $135 of that was tax. Over $200 of the airplane tickets cost was tax. You can also throw in motel tax, restaurant tax, gas tax and sales tax. The bottom line after I got back was that I PAID ALMOST TWICE THE COST OF THE TRIP TO THE GOVERNMENT!!!!!!! Doesn't that suck? I go out and work hard every day. Send my son to college and have to give the stupid government about $2300 in order to be able to see him graduate. And where does my hard earned money go? That's another story.....Don't get me started. We need a tax revolution big time. The stupid government should not be allowed to take more than 15% of your money.