US tax madness 8080 Responses

Last post: 1 month, 3 weeks ago | Thread started: Oct 7, 08, 12:02 p.m.

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• pr2

  So i waited long to do my taxes this year, and finally did them yesterday. I calculated what i made and how much it costed me to make it. At the end it looked like i made $1000 (yes, you read it right after subtracting the money needed to to make it i ended up with $1000). ....And my accountant tells me i'll have to pay taxes on it. WHAT!?! I'm stunned, i'm suppose to pay taxes? On what? Don't the people who came up with the rules to calculate this shit know that from that $1000 i have to pay my yearly rent, utilities and food???

  Economy of debt, i finally understand what they mean by it, they calculate the tax in such a way that there is no other way but for you to go into credit card debt. NO i have nothing against paying taxes but i have a HUBE beef with the way those taxes are calculated.

  Oct 7, 08, 12:02 p.m. – Permalink

• TheBlueOne

  You made $1000? I don't understand...

  

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  Dog-earOct 7, 08, 12:03 p.m. – Permalink

• moamoa

  

  • Looks like Winston Churchill– babaganush

  

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  Dog-earOct 7, 08, 12:03 p.m. – Permalink

• OSFA

  NOW you realize the fraud this is?

  • up to now i was in a clouds, but now i do realize it's a criminal mafia set-up– pr2

  

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  Dog-earOct 7, 08, 12:04 p.m. – Permalink

• 7point34

  you get taxed on your earnings.

  they don't care what you spend it on or how much you spent. you still earned a certain amount and on average the US wants about a third of it

  • it's like having two wives. Each get a third and you're left with the rest.– D_Dot1/2

    no, they want it all, they can just 'legally' get a third... for now...– OSFA2/2

  

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  Dog-earOct 7, 08, 12:05 p.m. – Permalink

• max_prophet

  nobody who earns just $1000 a year loses $700 under the bed.

  you're a cheating, tax-dodging liar!

  • http://www.qbn.com/t…– max_prophet1/4

    we are talking about principles here– pr22/4

    hahaha– arthur3/4

    oh yes they do
    hah– dskz4/4

  

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  Dog-earOct 7, 08, 12:07 p.m. – Permalink

• pr2

  but you do realise that it's a simple math, right? You make $500, but to make those $500 you spend $450, so you actually walk away with $50.

  • you need to figure out a way to spend less than $450 for that $500.– arthur

  

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  Dog-earOct 7, 08, 12:08 p.m. – Permalink

• TheBlueOne

  I'm still lost here. Are you saying you made $1000 for the ENTIRE year?

  • And an accountant was still required.– canuck1/4

    yeah, after i subtracted what i spend on to make all my money i ended up with $1000– pr22/4

    drops this years income down a couple hundred
    – lackofcolor3/4

    So what was your gross?– babaganush4/4

  

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  Dog-earOct 7, 08, 12:08 p.m. – Permalink

• grunttt

  vote.

  

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  Dog-earOct 7, 08, 12:09 p.m. – Permalink

• max_prophet

  In the UK you have something like £4500 before yo start paying tax.

  The US probably has some similar allowance.

  • Yeah exactly...so that's why I am confused...– TheBlueOne1/3

    so what happens if you spend £4400 to make that £4500???– pr22/3

    you're homeless but you dont pay tax.– max_prophet3/3

  

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  Dog-earOct 7, 08, 12:10 p.m. – Permalink

• TheBlueOne

  I am still confused - if you only made $1000 for the year where the hell do you live? In a cardboard box?

  • He uses the barter system.– canuck1/2

    It looks like the government expect you to live in one, yes.– pr22/2

  

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  Dog-earOct 7, 08, 12:11 p.m. – Permalink

• lackofcolor

  are subtracting basic things to get down to a hundred like food and rent and shit. cause if you only have a 1000 to spend in a year I would assume you are homeless.

  

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  Dog-earOct 7, 08, 12:12 p.m. – Permalink

• max_prophet

  you're redflagging for an audit with these kind of figures.

  • i got recipes for everything, i don't care– pr21/4

    if anything i'm red flagged because i clearly shows their formulas are fake.– pr22/4

    recipes for cookin the books!!– max_prophet3/4

    still living in a wonder land where the gov't is always right and never lies/steals??? Huh?– pr24/4

  

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  Dog-earOct 7, 08, 12:12 p.m. – Permalink

• TheBlueOne

  This whole thing makes no kinds of sense.

  • dude, you should see my jaw drop when i heard it– pr21/2

    Good, I thought I was the only one thinking this.– canuck2/2

  

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  Dog-earOct 7, 08, 12:16 p.m. – Permalink

• Greedo

  Cracka please, as a freelancer, you can deduct every kind of bullshit you have a receipt for, which us salaried slobs don't get to do. So be more creative in your bookkeeping and shut up your face.
  I do agree tho that the 30% flat rate for all self-employed people is pretty hefty, especially if you're making peanuts. That should be gradated, but again, with the 'creative' bookkeeping, it'd be super easy to slide down a few tax brackets...

  • Exactly. If your accountant didn't clue you in on deductions he's a moron.– TheBlueOne

  

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  Dog-earOct 7, 08, 12:17 p.m. – Permalink

• pr2

  That's exactly what i did, but still i didn't fucking count in %50 of my rent, utilities, phone and internet and food -- which trust me comes to way more then $1000. So how the hell am i suppose to survive if even on that $1000 leftover they still want to take away tax on it??????????

  • do you declare the 'business use of home' thing? careful btw, that's apparently an audit flag...– Greedo1/2

    my home is more business then home nowdays anyway, so i'm not worried.– pr22/2

  

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  Dog-earOct 7, 08, 12:19 p.m. – Permalink

• 7point34

  this is just like the 3 men go out to eat, the bill is $25 and they all put in $30 riddle.

  you are looking at it the wrong way.

  • Cracka please– canuck1/2

    boom shaka laka boom shaka laka– Greedo2/2

  

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  Dog-earOct 7, 08, 12:19 p.m. – Permalink

• skt

  

  • might help.– skt1/2

    lol– arthur2/2

  

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  Dog-earOct 7, 08, 12:21 p.m. – Permalink

• TheBlueOne

  pr2 I'm still not following you at all here. Are you saying like you had $30,000 worth of work during the year and at the end of it, minus direct expenses you walked out with $31,000? And you spent $30,000 on direct design costs related to that work?

  A) if so how the hell do you pay your everyday living/overhead?
  B) If this is indeed the case you need to find a different line of work...

  • this is where i am with this topic currently.– robco

  

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  Dog-earOct 7, 08, 12:21 p.m. – Permalink

• scarabin_net

  maybe what he's saying is that according to his calculations his tax return totals $1000 and his accountant says that instead he actually owes money

  

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  Dog-earOct 7, 08, 12:26 p.m. – Permalink

• pr2

  Yes, your examples is correct. I'm trying to answer your A question because the government apparently doesn't think paying for "everyday living/overhead" is necessary (or they really want you to go into debt to pay for it) because even on the leftover $1000 they want their money.... Total madness.

  • The BlueOne– pr2

  

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  Dog-earOct 7, 08, 12:26 p.m. – Permalink