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Jadow
05-12-2010, 12:50 PM
I just estimated that for 2010, when combining federal and state income taxes, payroll taxes, and estimating sales taxes, (EDIT and property tax), my wife and I will pay $45,000 in taxes in 2010.

Frankly I am stunned, I never realized we paid this much.

I hope the 50% of people who pay no federal income taxes enjoy living off my money.

Note, we are NOT rich and we are not HENRYs either.

Skitzer
05-12-2010, 12:53 PM
If you mean ALL Taxes ........... I pay way too much.

spidey07
05-12-2010, 01:00 PM
I just estimated that for 2010, when combining federal and state income taxes, payroll taxes, and estimating sales taxes, my wife and I will pay $45,000 in taxes in 2010.

Frankly I am stunned, I never realized we paid this much.

I hope the 50% of people who pay no federal income taxes enjoy living off my money.

Note, we are NOT rich and we are not HENRYs either.

Oh you're rich alright. According to Obama and the leftists here you're rich. Why are you not paying your fair share?

piasabird
05-12-2010, 01:10 PM
How much a person pays in taxes is pretty much irrelevent unless you know how much income they make. So you probably paid more in taxes than most people in the USA make in income??? (On average).

Congratulations, you are rich!

Wish I made enough money to pay that much in taxes. So how much $$ do you make in income per year? $200,000?

If you start adding up the liquer tax, sales tax, Gas Tax, and Tobacco Tax, the Vehicle Lic Fees and taxes, and the Property taxes, and taxes on student loans, things can get pretty high.

I went to the store last night and was debating about whether I had enough money to buy some razor blades so I could shave.

My wife works for the census (Dept of Public Info?). She gets like no benefits for this job. So should the Govt have to pay the penalty for not paying for her medical insurance?

her209
05-12-2010, 01:13 PM
So how much $$ do you make in income per year? $200,000?
My guess is:

$45,000 = 60% x Salary

$75,000 = Salary

:P

Dekasa
05-12-2010, 01:16 PM
Let's see, I paid:
$3,000. Give or take. I was self-employed last summer so I paid all my SS, which sucked.

So, somewhere right around $3k on $9k income.

heyheybooboo
05-12-2010, 01:18 PM
Gee ...

An Internet troll thread where a little crying sock puppet claims they pay $45k in taxes. In ATP&N, no less.

I'm shocked, I tell yah. Shocked.




--

Cuda1447
05-12-2010, 01:19 PM
Eleventybillion

StageLeft
05-12-2010, 01:20 PM
I honestly have no idea if you tabulate all taxes. You'd even have to get down to your cellphone bill and tab out the taxes within that, or your power bill, it would be impossible. My overall federal taxes honestly are not that high after all the child credits and mortgage deductions and all that. State in NY is pretty terrible, though.

ElFenix
05-12-2010, 01:25 PM
just from an accounting standpoint i paid over $260 in gasoline taxes last year. that's probably not much more than what i paid from an economic standpoint. also add in the fact that i probably paid some portion of the taxes 'paid' by the companies that sold the gasoline to me.

DaveSimmons
05-12-2010, 01:28 PM
I just estimated that for 2010, when combining federal and state income taxes, payroll taxes, and estimating sales taxes, my wife and I will pay $45,000 in taxes in 2010.

I hope the 50% of people who pay no federal income taxes enjoy living off my money.

I like how you include payroll, sales and other taxes when figuring your total, then compare that total to just federal income taxes.

JS80
05-12-2010, 02:32 PM
I just estimated that for 2010, when combining federal and state income taxes, payroll taxes, and estimating sales taxes, my wife and I will pay $45,000 in taxes in 2010.

Frankly I am stunned, I never realized we paid this much.

I hope the 50% of people who pay no federal income taxes enjoy living off my money.

Note, we are NOT rich and we are not HENRYs either.

I pay more than you, less that Slew Foot.

boomerang
05-12-2010, 03:02 PM
It's not necessarily how much you pay, it's what's done with the money. There is a huge disconnect between those that pay and those that spend. While those of us in the trenches learn to get by with what we have, the spenders in DC just keep borrowing.

EagleKeeper
05-12-2010, 03:11 PM
Let's see, I paid:
$3,000. Give or take. I was self-employed last summer so I paid all my SS, which sucked.

So, somewhere right around $3k on $9k income.
Seems like you deliberately ripped yourself off.

With that level of income and being self employed- you should have been able to expense off a large amount.

What did you Schedule C look like? Did you utilize the Tax thread information?

Dekasa
05-12-2010, 03:25 PM
I counted sales tax, SS, and the little bit of income I ended up paying. So, 7% + ~12% + several hundred $'s.

Might've been closer to $2,000, I didn't do my own taxes this year so I don't know exactly what I paid in for my non-self employed jobs.

Jadow
05-12-2010, 04:14 PM
I forgot to list property tax, but I was including that too. And no, we definitely are NOT rich, and make NOWHERE near 200k.

I'll think about how rich I am when I have store brand mac and cheese for dinner tonight. lol

KlokWyze
05-12-2010, 04:15 PM
Nothing or next to nothing, but I make less than 30k a year.

woolfe9999
05-12-2010, 04:49 PM
My wife and I paid about 37% of our total income out in payroll and income taxes for last year. We are in a very high income bracket.

It's probably best to discuss this in terms of percentages.

- wolf

Slew Foot
05-12-2010, 04:52 PM
I pay more than you, less that Slew Foot.


77K in federal income tax, 22K in CA state tax last year. FML

JS80
05-12-2010, 05:08 PM
77K in federal income tax, 22K in CA state tax last year. FML

hmm...I didn't think I'd be so close. But I'm sure you will outpace me. Didn't your wife start a new biz this year?

Slew Foot
05-12-2010, 08:14 PM
hmm...I didn't think I'd be so close. But I'm sure you will outpace me. Didn't your wife start a new biz this year?


She started Nov of 2009, had about 800 in taxable income that year :)

Probably in the 150-200K range this year.

spidey07
05-12-2010, 08:23 PM
She started Nov of 2009, had about 800 in taxable income that year :)

Probably in the 150-200K range this year.

You guys are going to get creamed real soon. As in next year, CY 2011. He's coming after our wallets, hold onto them and save as much as you can now.

Don't spend, just save because he is coming after your hard earned money. Why do you think the economy is in such a shitter still? Obama. People are scared shitless from what he says he wants to do and will do.

nick1985
05-12-2010, 08:33 PM
I hope the 50% of people who pay no federal income taxes enjoy living off my money.



They love your money.

http://www.youtube.com/watch?v=19v5Kjmc8FI

Balt
05-12-2010, 09:30 PM
I hope the 50% of people who pay no federal income taxes enjoy living off my money.

I'm sure they're enjoying their lives in poverty and near-poverty, yes. :P

JS80
05-12-2010, 09:48 PM
You guys are going to get creamed real soon. As in next year, CY 2011. He's coming after our wallets, hold onto them and save as much as you can now.

Don't spend, just save because he is coming after your hard earned money. Why do you think the economy is in such a shitter still? Obama. People are scared shitless from what he says he wants to do and will do.

I like to think we're already in the creamed camp.

spidey07
05-12-2010, 10:33 PM
I like to think we're already in the creamed camp.

Nope. It's only going to get much, much worse. Hold onto your wallets people, don't spend. Obama's coming.

ProfJohn
05-12-2010, 11:38 PM
25% of my pay check goes to some kind of tax.

I end up getting perhaps 3-5% back tax return time so at least 20% of my income is going to income or payroll taxes.

I would also guess that 5% of my take home goes to taxes of some kind via sales, gas or property taxes etc etc.

So most likely 25% of my income goes to the government.

dullard
05-13-2010, 07:40 AM
My guess is:
$45,000 = 60% x Salary

$75,000 = Salary

I think you are a bit low.

Lets assume $5000 in property tax, 40% federal tax (income tax + payroll tax, assuming the worst case scenario of a self-employed person and all income being earned income), 8% state/local income tax, 10% federal/state/local sales tax and spending nearly every dime earned on taxable goods, and $25k of deductions/deduction equivalents of credits.

Then the salary would be $90000.
* Property tax: $5000.
* Federal income tax: ($90000-$25000)*.25 = $16250
* Federal payroll tax: $90000*.15 = $13500
* State/local income tax: ($90000-$25000)*.08 = $5200
* Federal/State/local sales tax: ($90000-$45000)*.10 = $5005
* Total: $45000.

Of course, I estimated a fairly high tax rate for everything (especially sales tax where I assumed everything was spent on taxable goods and not on things like a mortgage). If he has lower tax rates for any area, then the salary is higher (it could easilly be in the ~$120k range). At double the typical national income, that is pretty close to being a HENRY.

I do love the inclusion of payroll taxes in taxes that the OP pays, but then the OP ignores payroll taxes paid by other people. Silly P&N posters.