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Cerebral Palsy
Banned
Gross: $0
Net: $0
Net: $0
MrPing1000
Member
Cerebral Palsy said:
ditto. *dances*
You can find that out EASILY to a reasonable degree of precision without asking anyone. The top two deductions from your gross income are federal income tax and FICA (aka Social Security and Medicare), which you can look up for a given gross salary.
Because people in general don't need to know how much I make. How is it relevant to my relationship with her, or anyone? "Need-to-know" is important.Minotauro said:
The only time it would ever come up would be if we were to consider making a joint financial decision together, and we're not at that point.
Grizzlyjin
Supersonic, idiotic, disconnecting, not respecting, who would really ever wanna go and top that
-jinx- said:
I guess thats fair. If a woman wants to know how much I make when I first meet her, I bail out. I'm only 18, so Im only meeting women in the 18-20 age range. That shouldn't even come up. I don't know, that just gives me a bad impression about the woman when she wants to know what I make. I'll tell her what I do, but salary is kinda touchy with me.
Doesn't matter anyway, I don't have a job right now. I've only ahd two jobs anyway. First was for the Democratic National Committee, and the last one was for a Clean Water Action group. I wasn't getting much for either...more than someone that works at Target, but still not loads of money.
Money is a very personal issue for most people. The majority of people aren't going to tell you how much they make.
SteveMeister
Hang out with Steve.
-jinx- said:
And then you will want to find out what your state & local taxes are like. In Virginia we have to pay state income tax.
-jinx- said:
But why? I mean, what difference does it make. I personally couldn't care less who knows how much I make. Then again, I'm pretty much right around the middle. Maybe if I made a whole lot or very little, I could understand where you're coming from.
It's not that it is...it's just that I can't understand why anyone would protect it like it's the key to the lost city of Atlantis.
I can understand someone being incredibly protective of their ATM code or something. With that, someone could at least rip you off or something. How much you make, on the other hand, I can't see what difference it makes. It seems as petty as women who refuse to tell you their age or weight.
D
Deleted member 1235
Unconfirmed Member
I've never understood being protective of what you earn,
I make 47k a year, but being that I am from New Zealand, well then that turns into about 30k US
I make 47k a year, but being that I am from New Zealand, well then that turns into about 30k US
I completely understand hiding your personal income from other people. Its private how much you make. My father refuses to tell me his income. Infact, I had to look it up on the tax forms to figure it out.
If you make too little people might look down to you or feel sorry for you. On the other hand, if you make too much people will think you're rich or arrogant.
If I came out and said I made 150 thousand a year... people see you differently.
If you make too little people might look down to you or feel sorry for you. On the other hand, if you make too much people will think you're rich or arrogant.
If I came out and said I made 150 thousand a year... people see you differently.
EarthStormFire
Banned
There are many loop holes you can use to protect your money from uncle sam. For example I know someone who made around 60K after FICA. Yet he only paid around $2000 dollars in federal income tax. It took a lot of loop holes to get that though,
Well, that's a funny question.Minotauro said:
I've gone on dates where I was asked REPEATEDLY how much I made per year. Needless to say, it was a dealbreaker. Someone who is dating me ought to appreciate me for my personality and looks, not because I seem like a potential "sugar daddy" of some kind.
For better or worse, there ARE people in the world who judge others based on their salary. I hang out with different groups of people, and I'd prefer to keep that particular factor out of the equation.
And yes, around the office, your salary HAS to be private information.
Raxel said:I started a one year internship doing tech support this week, £14k is the gross pay, but because I start in august instead of april (ie beginning of the tax year), I only pay around £700 tax due to the system. I end up pocketing US$24k, which aint bad for a university student
Not bad. When I was at university I ran a small IT consultancy business on the side, with a nominal salary of £25k (about $45,000 in today's money), although the tax man took a good share of that.
Grizzlyjin
Supersonic, idiotic, disconnecting, not respecting, who would really ever wanna go and top that
-jinx- said:
Its nice to see that I'm not the only one who is turned off when women ask that. No offense to any women, but I like to be on a constant gold digger watch. Even if you don't have tons of money, there are women that want you to spend it only on them. There are like 18 year old girls who expect me to be making 35K+, and to them I just say "uhh fuck off".
That red flag just goes up if I've just met a woman and she asks me my income. I can't help it, but that response must be there for a reason...to protect me. If I'm taking you out to dinner and paying for everything, don't worry about how much I'm making. I don't even see how anything good could come from that question. Seems like something that would be asked to factor in some weird equation of how much she can do with me...and I dont like that. But I have a very jaded view on relationships. I would tell my wife how much I make, but I don't think a girlfriend needs to know unless she lives with me. I'm not going out of my way to hide it, but damn if the question just seems out of place on a date.
Grizzlyjin said:
I agree with you (and with -jinx-, by extension). It's a sad world when females have the chutzpah to pose such questions before at least a couple of years together (unless you're living together/engaged/getting married before that amount of time has elapsed). Such effrontery should never be tolerated by any male, unless he's merely looking for a trophy wife/GF who's gonna take him for half of what he has at some point down the road. Crazy.
Mama Smurf
My penis is still intact.
I'm not sure how HalfPastNoon's situation affects jobs, probably quite a lot. I imagine that's the reason for the allowance.
About 20% goes to the govt out of under 20g. State, Fed, FICA, and Medicare. It's nice paying for someone else's retirement when I know when I retire, I will recieve no such benefits. Or paying for medicare when I myself do not have health insurance.
Rock on, At least I'll get like 500 back next year.
Rock on, At least I'll get like 500 back next year.
EarthStormFire
Banned
SKluck said:
Don't forget that the company must match your 7% FICA tax, and no doubt that ment less money for them to pay you.
Phoenix
Member
Lathentar said:
Yeah - that's one of the reasons I don't want to participate in this thread....
The only thing I'll say is that when you start making a certain amount of money you don't start looking for 'loopholes', you start investing in things that give you a deduction. My house gives me a huge one, my rental real estate gives me a large one, and my consulting business gives me yet another one. Then there are my 401K contributions, my Flexible Spending Account which comes out pretax'd, I'm married - and soon enough I'll have some kids of my own. All of these things lead to huge deductions.
The people who actually end up paying more tax are unfortunately the people who don't make enough to really invest in anything to get the deductions that would get them above water.
TheQueen'sOwn
insert blank space here
I think my dad loses 10 grand to taxes.
Ends up with 85-90.
Yet he still won't get us a new tv :mad.
and my mom is a teacher which is universal for: crap salary.
Ends up with 85-90.
Yet he still won't get us a new tv :mad.
and my mom is a teacher which is universal for: crap salary.
Wellington
BAAAALLLINNN'
Though I've only been working for almost 3 months now, I'm projecting that I will lose $18,000 to taxes this year. It's at $1,500 per month.
Fucking ludicrous. Yeah, if you're single with no kids and no house, you are FUCKED.
:lol @ not getting new TV. ;p
Fucking ludicrous. Yeah, if you're single with no kids and no house, you are FUCKED.
:lol @ not getting new TV. ;p
TheQueen'sOwn
insert blank space here
AstroLad said:
Wow... poor people are getting owned.
Really not too much to figure out to get a decent idea of how much tax you will be paying. (this is just federal, state taxes vary too much although some are quite easy like PA is 2.8% straight tax/typically 1% local, except cities). Just take the amount you earn, and subtract the standard deduction, which are as follows.
$4,850 for single filers or married couples filing separately (up from $4,750 in 2003),
$7,150 for head of household filers (up from $7,000 in 2003), and
$9,700 for married couples filing jointly (up from $9,500 in 2003).
for each dependent, add 750.
take the remaining amount and look up your federal tax amount according to filing status.
(you start by taking 10% of first 7000, 15% of the next amount stated, 25 of next amount, etc, etc)
2003 Income Tax Rate Brackets
Single filers
10% Up to %7,000
15% $7,001 - $28,400
25% $28,401 - $68,800
28% $68,801 - $143,500
33% $143,501 - $311,950
35% $311,951 or more
Married filing joinly
10% Up to $14,000
15% $14,001-$56,800
25% $56,801-$114,650
28% $114,651 - $174,700
33% $174,701 - $311,950
35% $311,951 or more
You can also itemize, which will typically decrease your taxed amount, and save more money (house owners, etc). Also various credits, including the $1000 child credit.
As you can see, the more you make, the more taxes you pay. But there is one thing to look forward too. Once you make a certain amount, you do not have to pay social security anymore. I think that amount this year is $88,000. So if you are single earner, and you are going over the 88K mark, your total marginal tax rate (SS/Federal combined) actually drops from 35.375 to 28%, which isn't bad at all. Also think this fact is overlooked when we hear how much more the wealthy are taxed.
If you ask me who has it the toughest, it is the single earner. Right when they start making 35K, they hit the 25% marginal tax rate. Even worse, are the divorced single parent, that claims no dependent, and therefore has no child tax credit, no high deduction for being a parent/claiming a child, and also has to pay child support. Someone like this that makes 40K, and must pay $800 a month in child support, quickly runs out of money.
Married filing joinly families with kids (my situation) actually make out pretty well in the tax system. Plenty of credits/higher deductions. Typically family with 2 incomes/2 children will get up to a little over 70K before they hit the 25% tax rate.
Ah, enough thinking about it.
$4,850 for single filers or married couples filing separately (up from $4,750 in 2003),
$7,150 for head of household filers (up from $7,000 in 2003), and
$9,700 for married couples filing jointly (up from $9,500 in 2003).
for each dependent, add 750.
take the remaining amount and look up your federal tax amount according to filing status.
(you start by taking 10% of first 7000, 15% of the next amount stated, 25 of next amount, etc, etc)
2003 Income Tax Rate Brackets
Single filers
10% Up to %7,000
15% $7,001 - $28,400
25% $28,401 - $68,800
28% $68,801 - $143,500
33% $143,501 - $311,950
35% $311,951 or more
Married filing joinly
10% Up to $14,000
15% $14,001-$56,800
25% $56,801-$114,650
28% $114,651 - $174,700
33% $174,701 - $311,950
35% $311,951 or more
You can also itemize, which will typically decrease your taxed amount, and save more money (house owners, etc). Also various credits, including the $1000 child credit.
As you can see, the more you make, the more taxes you pay. But there is one thing to look forward too. Once you make a certain amount, you do not have to pay social security anymore. I think that amount this year is $88,000. So if you are single earner, and you are going over the 88K mark, your total marginal tax rate (SS/Federal combined) actually drops from 35.375 to 28%, which isn't bad at all. Also think this fact is overlooked when we hear how much more the wealthy are taxed.
If you ask me who has it the toughest, it is the single earner. Right when they start making 35K, they hit the 25% marginal tax rate. Even worse, are the divorced single parent, that claims no dependent, and therefore has no child tax credit, no high deduction for being a parent/claiming a child, and also has to pay child support. Someone like this that makes 40K, and must pay $800 a month in child support, quickly runs out of money.
Married filing joinly families with kids (my situation) actually make out pretty well in the tax system. Plenty of credits/higher deductions. Typically family with 2 incomes/2 children will get up to a little over 70K before they hit the 25% tax rate.
Ah, enough thinking about it.
DarkAngelYuna
Banned
$59k gross
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