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-- Official I LOVE TAXES thread
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quote:

Originally posted by getfoul so you loaned the government 8k interest free? Not the best thing if you ask me.

+1

quote:

Originally posted by getfoul so you loaned the government 8k interest free? Not the best thing if you ask me. I always come as close to 0 back as possible. Break even = you make the most possible.

Do you dictate how much Federal comes out of your paycheck?

quote:

Originally posted by Ygrene Do you dictate how much Federal comes out of your paycheck?

getfoul=gwb, but you didn't hear that from me!

So wait, how do tax backs work in the states?

Here, they take off so much per week of my pay and when tax time rolls around I usually get back about 90% of what they took off.

quote:

Originally posted by Psy-T getfoul=gwb, but you didn't hear that from me!

lol

I've been considering adjusting my withholdings but, it's difficult to tell which bracket I'm going to fall in each year and what deductions I'll be eligible for.

I'm just wondering if he goes by a certain percentage or something.

quote:

Originally posted by Ygrene lol I've been considering adjusting my withholdings but, it's difficult to tell which bracket I'm going to fall in each year and what deductions I'll be eligible for. I'm just wondering if he goes by a certain percentage or something.

and i have very little idea of what you just said

quote:

Originally posted by Frenchie So wait, how do tax backs work in the states? Here, they take off so much per week of my pay and when tax time rolls around I usually get back about 90% of what they took off.

I'm no tax whiz but, I believe here you can dictate to your employer how much Withholding is deducted from your paycheck. I believe that it can vary depending on if you are married or if you claim tax exempt or various other deductions and I know that you can request more to be deducted. I've never done it so, I don't know all the specifics of it. I'm hoping Getfoul does and he can give me some tips.

People are grateful to be getting their own money back. I hope that it's accompanied by a proportionate level of unrest over it being taken away in the first place.

I claim two, for what I make that comes out just about right. It's not against the law, it just tells if you want them to have free range over your paycheck, or if you want to risk owing money at the end of the tax year.

As long as they get theirs out of it *and trust me they got a lot* they are happy.

quote:

Originally posted by Ed G People are grateful to be getting their own money back. I hope that it's accompanied by a proportionate level of unrest over it being taken away in the first place.

Yeah, this is why I'm claiming myself, starting this year.

1300 for me = ecler nuo 4 mixer and another 1200 mk5. woohoo!

"There are two distinct classes of men...those who pay taxes and those who receive and live upon taxes." - Thomas Paine

Not really "distinct." Most people both pay and receive tax money in one form or another.

The two "distinct" categories would be "those who pay more in taxes than they receive in governmental benefits" and "those who pay less in taxes than they receive in governmental benefits."

But "governmental benefits" is something extremely hard to qualify when you throw in things like road production, economic support for farms, and even more nebulous stuff like police and military protection.

quote:

Originally posted by MrJiveBoJingles Not really "distinct." Most people both pay and receive tax money in one form or another. The two "distinct" categories would be "those who pay more in taxes than they receive in governmental benefits" and "those who pay less in taxes than they receive in governmental benefits." But "governmental benefits" is something extremely hard to qualify when you throw in things like road production, economic support for farms, and even more nebulous stuff like police and military protection.

What about in Thomas Paine's day?

Anyway, it's not meant to be an exact reportage of our system of taxation now is it? Nerd.




"This (preparing my tax return) is too difficult for a mathematician. It takes a philosopher." - Albert Einstein

quote:

Originally posted by Ed G What about in Thomas Paine's day?

I assumed you were quoting it in reference to the topic, which was present day taxation, not trying to make some historical point about how things used to be.

quote:

Originally posted by MrJiveBoJingles I assumed you were quoting it in reference to the topic, which was present day taxation, not trying to make some historical point about how things used to be.

I was going for more of a general history of taxation kinda roots thingy.

"A heavy or progressive or graduated income tax is necessary for the proper development of Communism." - Karl Marx

That's great. Got any of Hitler advocating progressive taxation?

quote:

Originally posted by MrJiveBoJingles That's great. Got any of Hitler advocating progressive taxation?

No, but Reagan should do...........


"The Taxpayer.. That's someone who works for the federal government, but doesn't have to take a civil service examination." - Ronald Reagan, U.S. President

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