Posted: 12/8/2010 7:58:23 AM EDT
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had to pull up my pay check today for the first time in yrs..
and i saw two numbers at the bottom of the screen.. one was gross pay and one was net pay .. the diffrence between the two was $24,299 . damn .. thats a lot of taxes. well maybe its not that bad cause there is child suport in there also... < the reason i had to pull my check up today and do the whole.. i forgot my login and password game. > |
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Quoted:
yep, the quickest way to start a revolution in this country would be to disallow employee withholding and make the sheep write their tax check every month. there's a reason that your taxes are deducted up front... 1099 guys understand that. Naw, make the whole year's worth due on Nov 1. |
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Just to add to the pain, think of property taxs, sales taxs, taxs on fuel, etc., etc., etc.................
I cannot understand why the government wants the system to fail - 'they' need the taxpayers to continue supporting the 'system'. Wish I was a baker or stockbroker with connections .... Just saying. |
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Quoted: Just to add to the pain, think of property taxs, sales taxs, taxs on fuel, etc., etc., etc................. I cannot understand why the government wants the system to fail - 'they' need the taxpayers to continue supporting the 'system'. Wish I was a baker or stockbroker with connections .... Just saying. My property taxes are $2,217 a year. I don't even want to try and calculate sales taxes and taxes on fuel.  |
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If you really want to rage, remember that even after you pay all the taxes that come out of payroll, you still have to pay tax and excise every time you buy:
Gasoline Beer Cigarettes Cereal grains or products made from them Anything in a state with sales tax Firearms and ammunition Anything imported Anything made domestically Utility bills Mortgage payments Any government license or permit Medical care ... ... ... The actual effective tax rate (not just what you see gone from your check) is around 55% for the 35k-50k/yr income range. |
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Quoted: had to pull up my pay check today for the first time in yrs.. and i saw two numbers at the bottom of the screen.. one was gross pay and one was net pay .. the diffrence between the two was $24,299 . damn .. thats a lot of taxes. well maybe its not that bad cause there is child suport in there also... < the reason i had to pull my check up today and do the whole.. i forgot my login and password game. > Look on the bright side, that is about how much I will make this year. The economy hasn't been the kindest, but you know what, I will still end the year with more money than I started with, and have more stuff. It could be a hell of a lot worse man. |
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Quoted: Just to add to the pain, think of property taxs, sales taxs, taxs on fuel, etc., etc., etc................. I cannot understand why the government wants the system to fail - 'they' need the taxpayers to continue supporting the 'system'. Wish I was a baker or stockbroker with connections .... Just saying. My dad is a stockbroker. He's actually the regional president for the firm. He has many many connections. In 1 year they taxed him out of more money than the majority of the country makes in a year. FBHO |
| Don't want to depress you, and I'm also still bound by secrecy laws, but when I worked for a state tax authority I was privy to what some Fortune 100 companies pay a year in taxes... would you be surprised to know it is less than what many of you pay? No, I can not name company names. |