How Much Do You Pay in Taxes

Discussion in 'Politics and News' started by Jadow, May 12, 2010.

  1. Jadow

    Jadow Diamond Member

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    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.
     
    #1 Jadow, May 12, 2010
    Last edited: May 12, 2010
  2. Skitzer

    Skitzer Diamond Member

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    If you mean ALL Taxes ........... I pay way too much.
     
  3. spidey07

    spidey07 No Lifer

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

    piasabird Lifer

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    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?
     
    #4 piasabird, May 12, 2010
    Last edited: May 12, 2010
  5. her209

    her209 No Lifer

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    My guess is:

    $45,000 = 60% x Salary

    $75,000 = Salary

    :p
     
  6. Dekasa

    Dekasa Senior member

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    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.
     
  7. heyheybooboo

    heyheybooboo Diamond Member

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    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.




    --
     
  8. Cuda1447

    Cuda1447 Lifer

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    Eleventybillion
     
  9. StageLeft

    StageLeft No Lifer

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    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.
     
  10. ElFenix

    ElFenix Elite Member<br> Super Moderator<br>Off Topic
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    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.
     
  11. DaveSimmons

    DaveSimmons Elite Member

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    I like how you include payroll, sales and other taxes when figuring your total, then compare that total to just federal income taxes.
     
  12. JS80

    JS80 Lifer

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    I pay more than you, less that Slew Foot.
     
  13. boomerang

    boomerang Lifer

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    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.
     
  14. EagleKeeper

    EagleKeeper Discussion Club Moderator<br>Elite Member
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    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?
     
  15. Dekasa

    Dekasa Senior member

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    I counted sales tax, SS, and the little bit of income I ended up paying. So, 7&#37; + ~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.
     
  16. Jadow

    Jadow Diamond Member

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    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
     
  17. KlokWyze

    KlokWyze Diamond Member

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    Nothing or next to nothing, but I make less than 30k a year.
     
  18. woolfe9999

    woolfe9999 Diamond Member

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    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
     
  19. Slew Foot

    Slew Foot Lifer

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    77K in federal income tax, 22K in CA state tax last year. FML
     
  20. JS80

    JS80 Lifer

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    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?
     
  21. Slew Foot

    Slew Foot Lifer

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

    Probably in the 150-200K range this year.
     
  22. spidey07

    spidey07 No Lifer

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    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.
     
  23. nick1985

    nick1985 Lifer

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  24. Balt

    Balt Lifer

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    I'm sure they're enjoying their lives in poverty and near-poverty, yes. :p
     
  25. JS80

    JS80 Lifer

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