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OK, my bad on the Israel thing.
I get the tax thing now. You didn't report on time so they just took "everything" and they'll sort it out later. We kind of have the same here in the U.S. When you file your taxes there's a possibility you fall under the Automatic Minimum Tax. So many people were coming up with deductions and loopholes that they had to start instituting a minimum tax. It got so that if you were rich enough to afford an accountant to do your books you'd probably not pay much in taxes. Man, that 65% bites hard. Tom P. |
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Originally posted by Grandpa Troll
To keep on topic, I have allways been taught to use 1/4th of your monthly income, pretax in determining rent. So it would be close to 45% takehome.... Right, then if you don't make the income qualifications they require a cosigner and you end up paying anyway or you don't live anywhere. |
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Originally posted by Kidicious
Pekka, you can't set the amt that you want taken out of your check after you turn in the card? How does it work? I think the point was that he ste the amount in the card but sent it in late so there is a delay in implementing what he elected. So on his first cheque he got hit with maximum taxes-- he'll get them back later though. Pekka I'm guiessing that your correct taxes should be in place by next cheque? |
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No, I think I have to wait for next year.
Kid, how do they know what to tax, that's because payrolls always let the state know what I earned, income tax was already deducted from that, and as far as other capital goes, well, they know that too. You have to file for that stuff, if you, for example go and start owning stuff, stocks etc. Because that will be taxed as well. Everything is filed during the year, mostly it's automatic so you don't have to worry about it too much. |
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Originally posted by Pekka
No, I think I have to wait for next year. Kid, how do they know what to tax, that's because payrolls always let the state know what I earned, income tax was already deducted from that, and as far as other capital goes, well, they know that too. You have to file for that stuff, if you, for example go and start owning stuff, stocks etc. Because that will be taxed as well. Everything is filed during the year, mostly it's automatic so you don't have to worry about it too much. Ok, thanx. I didn't know that. Here you can make it so that you don't get much taken out if you want although you are suppose to make sure that you pay your taxes throughout the year. In our situation however you would be able to get that money back soon. |
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Originally posted by Kidicious
Bull tax is no more compulsory then rent. Not everyone can afford to own their own home. Um, what? Tax is very much compulsory in the U.S. Even to the point that you are to supposed to declare Internet purchases so the state can correctly implement sales tax. People have gone to jail thinking taxes were not compulsory. And I have no idea what kind of corrilary you are trying to draw between tax and rent. That just looses me. Tom P. |
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Originally posted by Flubber
Don't be intentionally obtuse. Taxation is government imposed, legislated and legally compulsory. While you can play within the rules to lessen your taxes, you cannot change the fact of tyhe rates that you are legally required to pay or face state sanctions including the possibility of prison. Rent is a legal contract between two private parties. Ther landlord only has the contractual rights and has no power of the state. You are free to rent from whomever you want. Is it necessary for many? sure -- but so is food and clothing. Why does the seller of accomodations draw your ire and not the seller of groceries There's no legal difference between the two. Because of the legal and economic system I am forced to pay rent and I most certainly can not change the rates that I pay for rent, WTF?, even if I go to another landlord I still have to pay about the same. If you disagree with those things all I can say is that you are being intentionally obtuse not me. Why the hell should I be pissed at having to buy groceries? Everyone has to do that. I should be no more pissed about having to buy groceries as I am about paying taxes. |
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