O/t Taxes!!!
#1
Registered
Thread Starter
Join Date: Mar 2002
Location: Brandon, MS.
Posts: 1,135
Likes: 0
Received 0 Likes
on
0 Posts
O/t Taxes!!!
Good grief......just found out I might owe on taxes this year, boy this sux. Anybody else in the same "boat" as me....I gotta figure something out quick.
#2
Registered
For me it's not an issue of "if" but how much. Paying seems to be the only answer for us.
Don't feel too bad though. My partner just got told he owes 68k. He said no problem. HMMMMM
Buck
#183
Don't feel too bad though. My partner just got told he owes 68k. He said no problem. HMMMMM
Buck
#183
#3
Registered
Join Date: Oct 2002
Location: Grove City, Ohio
Posts: 328
Likes: 0
Received 0 Likes
on
0 Posts
Look at it this way
Everyone owes, it's just whether you had them hold out enough to cover what you owe, if you get something back at the end of the year, it's only because you had them hold too much out, so................I OWE I OWE, SO OFF TO WORK I GO, I JUST HOPE I HELD ENOUGH OUT, SO I OWE I OWE,SO OFF TO WORK I GO
#6
Guest
Posts: n/a
dont get me stared
made some money on the stock market 2 years ago when i sold some stocks.
turned around and bought again with the profits and principle i started with.
not long after that the bubble burst and i lost a ton.
guess what , if you make lets say 50k on the market you owe 1/3 of it to the irs depending on your tax bracket THAT year.
if you lose 50k all you can claim is 3k/year.
the bright side (if there is one) is i have a write off for several years.
on the other hand it could be worse. i could have been born in araq instead.
made some money on the stock market 2 years ago when i sold some stocks.
turned around and bought again with the profits and principle i started with.
not long after that the bubble burst and i lost a ton.
guess what , if you make lets say 50k on the market you owe 1/3 of it to the irs depending on your tax bracket THAT year.
if you lose 50k all you can claim is 3k/year.
the bright side (if there is one) is i have a write off for several years.
on the other hand it could be worse. i could have been born in araq instead.
#7
Registered
Thread Starter
Join Date: Mar 2002
Location: Brandon, MS.
Posts: 1,135
Likes: 0
Received 0 Likes
on
0 Posts
Ouch I guess I better not complain to much, I'm not in that bad of shape. Went to my HR dept. and found out they were not holding out enough I don't know a whole lot about taxes but I wish there was a way around it...I think I owe like 2K.
#8
Charter Member #232
Charter Member
Ya I will owe a little for last year and if I stay on pace this year (2003) I am going to get bum rushed!!!!!
I frankly am really sick and tired of paying all the taxes that I do. I vote STRICKTLY on the person that I think at some point may drop my taxes as that is the ONE thing that makes it SO hard for me to stay above board with my shop. I mean really OVER 50%!!!!!!!! Oh ya and why is it that I get PENALIZED 12% for being self employeed??????
I frankly am really sick and tired of paying all the taxes that I do. I vote STRICKTLY on the person that I think at some point may drop my taxes as that is the ONE thing that makes it SO hard for me to stay above board with my shop. I mean really OVER 50%!!!!!!!! Oh ya and why is it that I get PENALIZED 12% for being self employeed??????
__________________
Put your best foot forward!
Put your best foot forward!
#9
Registered
97BossHammer,
Dont get bummed about having to pay. If you have to pay rather than getting a refund you beat the system. All it means is that the 2K you owe was usable by you all year long. They are going to get the money anyway so you might as well hold their money untill 4/15. If you get a refund all that means is that you let the Government play with your money all year long for free!
Dont get pissed, YOU WON!
Ron
Dont get bummed about having to pay. If you have to pay rather than getting a refund you beat the system. All it means is that the 2K you owe was usable by you all year long. They are going to get the money anyway so you might as well hold their money untill 4/15. If you get a refund all that means is that you let the Government play with your money all year long for free!
Dont get pissed, YOU WON!
Ron