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[Wellington]

Got my first paycheck last week. Saw the gross pay and thought to myself sweet, I am in the money. Looked down and noticed that oh hey, the IRS decided that they should take $1509.82 of the total amount. Fucking beautiful.

Today I check the mail, oh sweet a letter from the IRS, maybe they realized they are taking a fuckload of money from me each fucking check and are returning some of it. I took a gander at the letter, hey cool I need to pay my buddies at the IRS $513 because of some error on the application for the 2002 year. Cool, I hope they make use of it and get themselves a new coffee maker, a month's worth of coffee, and some fuckin K-Goddamned-Y for the next time they want to FHUTA me. So I'm going to be handing over $18,117.84 cents of my hard earned money each year, and then they have the audacity to audit me for years past. Cool.

Working is for fucking chumps. Why not live off of welfare and social security.

 

[Pachinko]

Yeah taxes are stupid.


Although what you say you lose in a year from taxes is what I make per year before taxes are taken off... in canadian dollars...

 

[belgurdo]

THey audited me too, and I can't even fathom why I'd owe the IRS money, seeing as how I only make like $6000 a year...

 

[Wellington]

THey audited me too, and I can't even fathom why I'd owe the IRS money, seeing as how I only make like $6000 a year...

Dude same here in that year, and I even was returned MUCH less that year than I usually did as an undergrad working dude. This is fucked up goddammit. What's the fucking point of working if they're just going to take my money to pay people I didn't even vote for and support a war I don't even want. This is bullshit.

 

[Lambtron]

It'd sure be nice if people in the government realized that if they cut spending, they could cut taxes as well! But no, they just move taxes up and down, spend more than we take in no matter what, and fuck us all, while they sit back, and live it up fat and sassy. Did you know that if you serve just one term in Congress, you're guaranteed a $15,000 a month pension? Meanwhile, my $800 paychecks are being cut down to $500, and we piss our money away. Why aren't there any decent canidates? Sigh!

 

[goodcow]

Got my first paycheck last week. Saw the gross pay and thought to myself sweet, I am in the money. Looked down and noticed that oh hey, the IRS decided that they should take $1509.82 of the total amount. Fucking beautiful.

So I'm going to be handing over $18,117.84 cents of my hard earned money each year, and then they have the audacity to audit me for years past. Cool.

$1509.82? How much is your gross pay?

 

[belgurdo]

How much do you fucking make in gross pay?

Yeah, what do you do? It sounds like you pull down almost $50000-70000 a year...

 

[ItalianStallion]

Working is for chumps. Join the mob.

 

[hooo]

This is fucked up goddammit. What's the fucking point of working if they're just going to take my money to pay people I didn't even vote for and support a war I don't even want. This is bullshit.

Then start voting Libertarian.

 

[Hitokage]

You think the IRS is raping you dry?

Own your own place, then tally up the bills... and pray to God your employer pays medical. Oh, and don't forget state and payroll taxes too!

 

[WasabiKing]

tax shelters, bro. Get yourself an IRA account ASAP. IRAs are savings accounts strictly for retirement. You can't touch the money until you are 59 1/2 or else you'll be taxed twice. Save the money now since you don't have any major finacncial burdens like a house. IRAs do have a limit as to what you can contribute per year... Anyway, look into it.

 

[teiresias]

Make sure it's a Roth IRA though. I have one, I only have the original $3000 in it, but once my car is paid off next year I'm going to take my car payment and put that into it monthly (up to the allowed $3k/year).

 

[Wellington]

Only one man can help me now.

 

[kiryogi]

Yeah, they recently cracked down on my mom too for some 2002 error. Been trying to sort it out :/

 

[HAOHMARU]

$18K a year in taxes? Holy shit...you have got to be making some bank though if you pay that much a year. Thats the price of high paying jobs.

How much you make a year before taxes and what do you do for a job?

 

[nitewulf]

you get monthly checks? anyway, i had a wily friend who cheated on his taxes by showing he was married and had a family, when in fact he didnt.

 

[nitewulf]

i think he is making around 52,000. could be mistaken of course.

 

[Chrono]

i think he is making around 52,000. could be mistaken of course.

WTF if you make 52k you pay 18k taxes? That only leaves you with 34k!

I'm still a few years away from my first job... and I don't know anything about taxes but seriously wtf? I read some where that good engineers get around 50k. Well if one is only left with 34 then how the hell is that good? I might as well work at McDonald's.

 

[Mumbles]

Good Engineers getting $50k? Don't worry, that's barely above first-year salary for most engineers... except maybe civils.

You'll still get raped by the IRS, though. And when I moved to maryland for my new job, I wish I'd been warned about the freaking county taxes.

 

[nitewulf]

entry level engineers get around 50,000 (private) and 40,000+(federal)...but the federal jobs have all included benefits and great job security. and eventually in a few years the salary should go upto 65,000+ w/o any hassles.
good engineers, and i assume you mean experienced, will get 70,000+ easily.

 

[Tekky]

Figure on taxes taking about 1/4 of your gross, assuming you're doing decently.

If you pay $18K in taxes, then multiple by 4 to get the gross amount, or $72K.

Now, from what remains, pay another 10% in sales taxes.

Yup, over a third of your money goes to the government.

The fellows at Halliburton would say thanks, but they don't really care. They want more.

 

[weehomer]

It's funny to think that Income Taxes didn't begin until 1913, and payroll taxes didn't start until 1943. Taxes suck.