How Much Did You Pay In Federal Taxes?

a reply to: 38181

Good guess!

Over $2400 in taxes paid every pay period until the end of March
After March, my CPP, and EI are paid off for the year so I get to keep a bit more.
But its sickening how the gov. loves to make sure they get a cut.

Leona Helmsley ................ "We don't pay taxes. Only the little people pay taxes."

a reply to: Edumakated

a) In your opinion ... unless you're a telepath.

b) Perhaps you should pay for a better CPA, Mr. Moneybags?

c) Blatta blatta blatta. Tell us another one, Oh Mighty Carnac the Magnificent.

Keep your current accountant and pay all you want in taxes, and keep whining about it on ATS. More money in the Federal Treasury to fund Mr. Trump's golf weekends.

/shrug

a reply to: Edumakated


Being a w2 wage earner really boned you. Not to many tax breaks there.
I am self employed and get to deduct expenses but my accountant doesn't shy away from charging for his services.

a reply to: olaru12

You can't write gambling losses off in general, but you can if you have a taxable win. If you have a taxable win, you can write off all gambling losses which you have proof of, up to the taxable amount you won.

a reply to: St Udio

My job is a bit different.
I work from 7 am-6 pm for 1 week. Then Im off for a week.
During the week I work, I stay at the mine site, in the bunkhouse.
Its like a hotel room.
House keeping comes by once a week to clean my room, make the bed.
Were served Breakfast, lunch and dinner everyday.
So the money saved on groceries and gas from not having to drive back and forth is a bonus.

originally posted by: 38181
60% of my gross salary went to state and federal taxes. I took home less this year then last year because I made more this year! Different tax bracket. Yeah I was pissed and still am, especially when I see the lazy %€+*^! Collect disability and free govt hand outs down from where I live.

That's not how tax brackets work.

originally posted by: lordcomac

originally posted by: FamCore
a reply to: introvert

We (our country) could eliminate poverty and save billions of dollars per year on health care costs and hundreds of other expenses if we had universal basic income, but then the medical industry, prisons and other Industrial Complexes wouldn't have their cash cows, so it would never happen.

I agree with you, not enough is done but that is completely by design.

The money has to come from somewhere. You can't just print free money and give it to everyone- that's how you destroy a currency and make it worthless. Unless the corporations hoarding worth start spending it, there's no fixing this.

Buy local and delay the collapse if you don't want to deal with it... but basic income goes against how money works.

Can't print it, and can't just raise my taxes more to pay for it, since taking another 20k from me to turn around and give me 10k back doesn't help anything.

Banks literally create and destroy money all the time in a fiat system.

originally posted by: ketsuko

originally posted by: FamCore
a reply to: introvert

We (our country) could eliminate poverty and save billions of dollars per year on health care costs and hundreds of other expenses if we had universal basic income, but then the medical industry, prisons and other Industrial Complexes wouldn't have their cash cows, so it would never happen.

I agree with you, not enough is done but that is completely by design.

Where do you get the money for that?

If no one decides to work because we all get the free ride, where does the money come from?

Money is colored paper/metal. Its value is what we collectively pretend it to be, as a means of facilitating exchange.

Money is not what you should be concerned about here.

originally posted by: Greven

originally posted by: ketsuko

originally posted by: FamCore
a reply to: introvert

We (our country) could eliminate poverty and save billions of dollars per year on health care costs and hundreds of other expenses if we had universal basic income, but then the medical industry, prisons and other Industrial Complexes wouldn't have their cash cows, so it would never happen.

I agree with you, not enough is done but that is completely by design.

Where do you get the money for that?

If no one decides to work because we all get the free ride, where does the money come from?

Money is colored paper/metal. Its value is what we collectively pretend it to be, as a means of facilitating exchange.

Money is not what you should be concerned about here.

Tell the tax man you're going to pretend to pay your taxes.
Society needs a value based system. We use the dollar.

originally posted by: lordcomac
Meanwhile, the girl next door doesn't have a job, but still manages to live in a house (not an apartment, a house- same as mine) and then spends her days riding the bus for free... all out of my pocket.

She'll prolly keep doing that (since it's working) until somebody kills her for it. Then you won't have to pay 50% anymore either.

Just saying.

originally posted by: Bluntone22

originally posted by: Greven

originally posted by: ketsuko

originally posted by: FamCore
a reply to: introvert

We (our country) could eliminate poverty and save billions of dollars per year on health care costs and hundreds of other expenses if we had universal basic income, but then the medical industry, prisons and other Industrial Complexes wouldn't have their cash cows, so it would never happen.

I agree with you, not enough is done but that is completely by design.

Where do you get the money for that?

If no one decides to work because we all get the free ride, where does the money come from?

Money is colored paper/metal. Its value is what we collectively pretend it to be, as a means of facilitating exchange.

Money is not what you should be concerned about here.

Tell the tax man you're going to pretend to pay your taxes.
Society needs a value based system. We use the dollar.

You completely misunderstood the point. Please read the post that one was responding to.

a reply to: Greven


I think I understood the reply.
I just disagree.
The whole idea of basic universal income will not work. When everyone gets their share for just existing , their share becomes valueless.
Having a base dollar value system is the only way to go. That also means "pretending" if you wish, that a piece of paper has a certain trade value.

a reply to: seasonal

Consumer tax would be no income tax, so you could close the majority of the bloated IRS.

That being said luxury items would be taxed more than staple items.

The people who would pay the most are those who consume the most.

Companies would also have to pay based on consumption. So a transportation company would pay extra for fuel as their tractor trailers are what degrades roads.

Take that model and apply it across the board.

Zero. Not one penny. All my withholding on my $6K/yr pension returned. Taxable social security not enough to file on.

ganjoa

originally posted by: Bluntone22
a reply to: Greven


I think I understood the reply.
I just disagree.
The whole idea of basic universal income will not work. When everyone gets their share for just existing , their share becomes valueless.
Having a base dollar value system is the only way to go. That also means "pretending" if you wish, that a piece of paper has a certain trade value.

You did not.

If no one decides to work because we all get the free ride, where does the money come from?

If nobody's working, money is not where the concern should be placed.

a reply to: Greven

Well where should it be placed?

a reply to: Bluntone22

Uh... the fact that nobody is working?

a reply to: Greven

Then you missed the original point.
Nobody is working because they don't have to work.
You can't give everybody free room and board and expect them to just work for it.

originally posted by: olaru12

originally posted by: introvert

originally posted by: olaru12

originally posted by: introvert

originally posted by: olaru12
What chaps my ass is that when you win a nice tourny at the Casino, they take the tax immediately but you can't write it off when you lose.

But you can write off your loss in the stock mkt.

Perhaps it's different by state, but I believe you can write-off gambling losses as long as you file an itemized return.

Writing off gambling losses is one sure way to get targeted for a very ugly audit. No thanks!!!

That could be true. It would be a better idea not to lose that money to begin with.

Of course that's the idea. But I spend a lot of money on gambling, women and drinking....the rest I just squander.

That is your right.