How much tax you pay this year?

Damn i sitll didn't do my tax...have a appointment with HR block around 6...

i think i have to pay a lot.... i work in New jersey, first half of last year live in new jersey, and second half moved to new york. So i have to pay tax for both state....

and i am going to pay like 150 for HR block...

i am broke....anyone please donate me some money...

 

I got hit hard, just picked up my finished tax forms myself and owe the gov alot..

I HATE tax time.

 

Taxes suck. Good news is, I almost tripled my adjusted gross income from last year.

 

Dont worry our taxes are going to a "good cause" the Iraq war , "war on terror" and millions of wasted, missmanaged dollars for the Katrina relief. Don't hate the taxes, hate the people who take our money and waste it like there is no tomorrow.

Paying too much taxes this year here that's for sure.

 

Think of it in this way, if you have to pay a lot is because you earn a lot . This year I'm going to get some $$$ back.

 

Thats not how people who earn alot think of it though. My dad got hit with £29,000 it still came as a shock to him he was expecting around £20,000.
How much is your tax rebate btw?

 

As you guys pay that money in this weekend just remember this:

 

Tax is a burden. It's something that people wish they didn't have to pay, but we all have to pay it, I guess.

The best way to deal with something like this is to prepare your self before you see the amount that you have to pay.

I do this by putting a little bit of money away each week for my tax. So once I receive my tax bill I will then have the appropriate funds availabe to pay it.

Also, I good thing is that this money that I put away for the tax period also benefits from interest.

 

The best way to deal with it is move to Dubai - zero income tax and no VAT.

 

Wow!

Lets all move to Dubai then.

 

Too much for what I get in return.

 

at present I dont need to pay tax as my income is below tax limits

 

Whats the limit where you live? In the uk you have to pay tax on anything over £5k a year, who doesnt earn £5k a year lol.

 

I thought it was slightly under £5k.

I guess that some people don't pay tax when they first start of because they have such a high start up cost.

For example if you art starting up in business then you will have a lot of outlay.

Starting up an internet business will mean that you may have to purchase computers, office equipment, stationary, web designers / programmers, pay interest on loans, etc.

Not all businesses make a profit the first, second and tired year.

If you are in affiliate marketing then it can take you some time before you actually start making any money.

OK, you need money to keep alive, but if you have savings then you could use that.

I have to pay taxes so this doesn't apply to me.