How much tax?

[MrColin]

I need to make a decent estimate of my tax liability for earnings as a private contractor.
Does anyone know the %'s ?

edit: spelling

 

[MrChad]

I'm no tax expert, but I imagine it would pretty difficult to estimate the percentage without knowing the amount. The percentage will be based on whatever tax bracket you fall in.

 

[tfinch2]

http://www.lzpcpa.com/calctax.html

 

[MrColin]

Originally posted by: MrChad
I'm no tax expert, but I imagine it would pretty difficult to estimate the percentage without knowing the amount. The percentage will be based on whatever tax bracket you fall in.

It will certainly be the lowest tax bracket, possibly sub-poverty level.

EDIT: I mean <35k

 

[MrColin]

Originally posted by: tfinch2
http://www.lzpcpa.com/calctax.html

That's pretty helpful, but I still need to find my state tax rate (North Carolina), any suggestions?

 

[tfinch2]

Originally posted by: MrColin

Originally posted by: tfinch2
http://www.lzpcpa.com/calctax.html

That's pretty helpful, but I still need to find my state tax rate (North Carolina), any suggestions?

I'm taking a shot in the dark here, but look on your state tax site for a rate table?