YOU ROTTEN LOWLIFE MOTHERFUCKERS!!!!!!! OHH I AM GONNA RANT

I just found out that I owe close to $1000 in taxes.

Last year I barely pulled in $16k

Of course I am gonna talk to an accountant about this, but ultimately no matter how I slice it I owe around a grand.

16 fucking grand is fucking poverty level wages-how in the fuck can it be justified that I need to be shaken down like this.

Okay okay yea I'm 24 years old I've never had a year where I have OWED any money and I spent the last year scraping by on contract jobs and this is how much I made and now I am finally doing well and everything with a real job (where the fuckers will probably demand my new car as their tax payment for '07) but this is fucking ridiculous.

What do you lowlife motherfucking rat bastard sons a bitches need to shake a desperately needed thousand dollars out of me for? need a new piece of electronics in a missle to bomb more kids? get the fucking money out of that stupidass that Cheney shot-he's got enough I guess to donate millions to the repukes.

This really hurts me because I am finally getting my own place I just bought a ton of furniture I am trying to save up to have a life a nice law abiding working life and BAM the fuckers just give me another reason to sympathize with the bank robber.

TAX BREAKS MY FUCKING ASS MORE LIKE A TAX TO BREAK THE WORKING PERSON


FUCK YOU UNCLE SAM FUCK YOU

$1000 seems high for 16k in income. Are you considered an "idependent contractor" and have to pay social security tax as part of the $1000?

The other jobs I had none withheld at all...but another kind responder noted social security, ect...

Do you get the full deduction as a single filer which is $8200? Looking at the tax tables let's go 16,500- 8200 = taxable income of 8300 On tax tables as single I see $884 -400 withheld = 484 you'd owe.

You know your filing status, dependent status, etc. so I may be wrong for you. Just wanted to make sure it was not an easy error (I'm made a few that I later discovered).

Any student loan interest? That is deductable.

honestly something may have gone wrong somewhere....I just saw that chart too and I calculated around $500 also.

If that's all I'm going to owe then fine I can live with that (and still think the bastards deserve a death that would make the Viet Cong blush) but I can live with it.

You got a link for that table?

Thanks for your help.

http://www.irs.gov/individuals/article/0,,id=118506,00.html

With instructions or 1040, 1040 A, 1040EZ etc.

is STILL fucking ridiculous when millionares are sitting pretty. they REALLY have to reajust the poverty rate. who in the hell can live on that little???

like you.. the people least able to defend themselves. See, those rich people have lawyers to talk for them, negotiate for them and to whittle down their tax debt. You don't. You have you. You have a job and work and little time in the day to spend negotiating with them, so, you're the easy target.

Luckily, you can make it in payments, if it turns out that they're correct. If you can, have someone re-do the return for you to check for errors.

someone making over $200K. What a country.

Also--ask any accountant, even IRS agents --figuring out your basis on stock sales is largely a creative writing exam. You see, the government does not actually track those transactions, so it's kinda on the honor system. Seems strange, doesn't it? When you think about it, doesn't it seem like there would be alot of money to be taxed here? Nah...

You must have been self employed and paid $0 estimated taxes. I'm also guessing that the $16k you refer to is your profit and not your gross. Otherwise, owing $1,000 would be impossible, especially if you had $400 withholding on other income.

Someone making 16K should not pay any taxes in my book.

Bush and bushbots have fleeced the working class.

if you don't have enough money withheld up-front for taxes, you are going to have to pay in.

that's why, when you get money back, they call it a tax REFUND- they're refunding to you the difference between what was withheld throughout the year and what you actually owe.

if you're a contractor who just gets a lump sum from a client, with notaxes taken out- you should get into the habit of withholding the taxes yourself, and put them in an interest-bearing account until you need it to pay taxes in april.

it's the structure of the tax system, not his filing errors, that is the real problem.

and has no employees, doing janitorial work. He has done this for close to 30 years. For the last several years, if it weren't for the self employment tax, we would have had to pay no taxes at all. I'm always after him to get a permanent job so we don't have to deal with the self employment tax.

I know that doesn't help, but thought I'd acknowledge your outrage

He needed a new one to match his new Lamborghini.

..but it struck me as funny that you misspelled "Lear" but "Lamborghini" was not a problem. My unscientific statistical guess is that 97.2% of people would have been the other way around...

That was most definitely some sort of Freudian slap.

:evilgrin:

:evilgrin:

$14,000 in taxes because of the sale of some property that gave me $50,000 property. The second year of retirement I had to pay the State of CA almost $4,000. Go figure.

Made $1600 last year and ended up owing $55 in taxes.
You really didn't think they would make WEALTHY people pay for this war and never ending tax cuts did you?

happened.

1. If she only made $1,600, she shouldn't have had to pay any taxes...and in fact, didn't even have to file a tax return.

2. If she did choose to file a return, she could have chosen to file without claiming herself (and she still wouldn't have had to pay any taxes--even if no FIT were withheld)

and

3. You could have claimed her on your taxes because she's not 19 years old.....and gotten the dependent deduction....even in her filing her own return
without claiming herself.

Who did her taxes?

We were told she had to do them separately and she couldn't claim herself as a dependent because I claimed her on mine. We had to fill out her FAFSA and her counselor told us that.
It really sucked because it ended up increasing our family responsibility for her college financial aid in the amount of what she earned.
It didn't sound right to me either, but I have never been successful in arguments with the IRS.:shrug:
Can I have some free advice? Is it too late to amend anything? I have already filed mine and her taxes.

n/t

:) or else Turbo Tax was wrong. I have no reason to lie about it.

:argh:

Couldn't she qualify for EIC or something?

She isn't head of household.
I have to say, we all scratched our head when it came out she owed taxes.

your w-2 so a bit more is taken out that way you can get a refund or break even at tax time.

personally IMO a government that is spending money it does not have (deficit spending) ought not tax anybody at all
since there is no need to generate income if you are spending make believe money in the first place :-)

let's all make believe :-)

Msongs
www.msongs.com/democratsmugs.htm

:)

We just found out we have, get this, a $884,000+ back tax bill. The state has been estimating our taxes based on my husband's former job - which he hasn't had since 1998 - and thinks we're holding out on them. I'm in a bit of a shock. We're expecting an audit for the past few years. I don't know whether to laugh or cry.

:wow: :hurts: *hits floor*

That's what my husband says. He's pretty sure he can prove he hasn't been working at his old job in California since 1998. We've met with a tax specialist and she's been helpful. She said the state and the feds were desperate for tax collections and probably pulled our file because of the huge drop in income that my husband has experienced over the past few years. It's just crazy. It's given me more than a couple of sleepless nights.

I'll be sending you "good vibes". Here's a funny quote for you,

Be like a duck.
Calm on the surface,
but always paddling like the dickens underneath.

- Michael Caine


Or this one,


Through every trial we grow.
All suffering we experience has a meaning.
Though it seems very cruel, it is like the fire that smelts the iron ore:
The steel that emerges from that furnace is beautifully strong,
Useful for many purposes.

- Paramhansa Yogananda

many people find it difficult to think of adverse circumstances as an opportunity.

A long time ago my then-current boyfriend took off on his motorcycle on an icy day. He went to run some errands and told me he'd be back in less than an hour. Three hours later it had started snowing fiercely and still no boyfriend. I listened to the radio and heard there were traffic accidents all over town and warnings for people not to leave their homes unless they absolutely had to. My stomach was in knots and I was getting more anxious by the minute. I tried to call the hospital but the phone was out. In the middle of my mental chaos there was a knock on the door. I figured it was the cops to tell me my boyfriend had been in an accident or worse. Instead it was an old friend. He lived a couple of blocks away and came over to ride out the storm with us. When he found out what I was worrying abou the told me, "If you worry about something and nothing happens, you've wasted a lot of time worrying when you didn't need to; if you worry about something and it does happen, then you wasted a lot of time worrying and it didn't change anything." He gave me one of the beers he brought with him and told me to stop worrying.

Of course I didn't stop worrying but at least I had someone to hold my hand. Shortly after our friend dropped by, in the middle of my second or third beer, my boyfriend showed up. He apologized for being late. He explained there had been some detours because of accidents and he got so cold that he stopped off at another friend's house to warm up. He tried to call but the phone was out. He'd spent the afternoon in a warm friendly atmosphere playing "Go" and relaxing. He knew I would understand. I could've killed him but I was so happy to see him. It also taught me a lot about worrying. Our beer-toting friend was right. Sometimes I forget his advice but your quotes helped remind me of it.

Sometimes I seem to have experiences in my life that end up helping others through theirs. Just as often, I run into people who have experienced what I'm going through and they help me through it. Life is a good thing and should be a shared activity.

:hi: Back to the paddling.

you're so right about trying not to waste time worrying...
I'm getting better and better at this as the years go by.
I still worry, but I'm able to live in the moment more effectively
than I could when I was younger.
:hi: :)

Actually, I found them to be quite good. If your paperwork is in order and you don't own anything, the audit will clear it up.

Once we get to someone who has time to listen they understand what's happened. My husband used to work out in Silicon Valley and sold out before the boom ended. He reinvested most of it in the stock market, was in the middle of a divorce and when he got hit with a freeze on his assets right at the time most of his tech heavy portfolio collapsed. He still ended up paying a lot for capital gains. What was left of the portfolio was liquidated as part of his divorce settlement with his ex-wife getting most of it. Basically, the taxing entities thought he should be paying the same huge amount that he the thousand-aire he is now as he paid during his last year as a multimillionaire (the $884K figure was the average tax amount they have figured for the past five years).

LOL, as luck would have it, I fell in love with him when he was broke and starting over. :banghead: Oh well, we're having fun.

Actually, it shouldn't be too hard to clear up. It's just a pain. We're cooperating and have the records. Like I said, so far they have been pretty nice about it.

I should have known it was directed toward the IRS. That can't be right though. Sorry for your troubles.

Often lets the employers skate on payroll taxes. Questions: did they take out for Social Security? When you are 'self employed' you have to pay the full amount- what would have been deducted from your checks if you were a regular paid employee AND that portion the employer would have had to pay if you were a regular employee.

Self employment tax comes as a surprise to many and a costly surprise too often.

You do get to deduct 1/2 of the self employment tax from your income. Make sure all the i's are dotted and t's crossed.

Contact IRS to make sure the work you did actually does meet the rules for contract work. There are employers out there who will tell people they are 'contract workers' and therefore responsible for self employment taxes when they really don't meet the rules. Some employers will do this to screw the government AND the workers. Been there, done that, cleaned some clocks and shut a cheating bastard down big time.

Get the info you need so you know it really is contract work and your bill.

contract work has bitten many people...see my post below...

I was working a part time job and the accountant was supposed to "set me up." He set me up, alright. I think I ended up owing close to $1,200 and I made about what you did. I had to set up a payment plan with the IRS and, of course, ended up paying a penalty.

The same thing happened the next year after I had been assured that everything had been taken care of. I told the guys I worked for that if they didn't pay my taxes, I was calling the IRS. They were so afraid of being audited that they paid it.

and a Big Fuck You to all the politicians!

My husband learned that lesson the very hard way...

He was doing contract work after being laid off. Taxes were not properly taken out and my husband who was so shell-shocked at the time about being laid off...wasn't paying attention to it...plus he was in the middle of divorcing his ex wife...

So...he ends up owing $700 in back taxes....well he ignored it and was indignant..hoping it would go away...

We meet...we go to get married and low and behold the IRS has found us and now that tax bill is $1800...it more than doubled...

I feel your pain...I agree with your rant...it is unfair...

I sincerely hope that it is a math error!!!


edit:...I really can't help but wonder about how dumb the IRS is...they go after people who are barely scraping by...and who may not be able to afford the tax bill...but they let millionaires skate by with huge loop holes...it pisses me off....I am getting madder the more I think about this..

If I owe it I will pay it.......but they still get the finger from me ALL of them I'll tell em what they can do with the money and a freakin plunger.

Most likely I'm gonna get on a plan with those bastards and if it's not paid off by next tax time then I'm going to use my return for '06 taxes to pay it off I guess (I am 110% certain I am going to get a fat return next year because I finally have a fully legit job where I am having a healthy portion witheld)

who has been working odd jobs to earn cash ....I really hope she doesn't get screwed either...it wouldl really push her over the edge.

if I could check off boxes on my form that would direct where my money would go. I don't want to pay for George W. Bush's war machine and "his" military. Let the conservatives pay for it since they like to cheer on the war from the sidelines. I'd prefer my tax dollars go to programs like the National Endowment for the Arts, the National Park Service, the Environmental Protection Agency, and other social services. I'd be fine with allowing the conservatives to do the same thing with their tax dollars: they can direct all of their tax dollars to killing brown people and shiny new toys for the Pentagram, er, Pentagon.

:D

must pay "income" tax? We pay many taxes that are on the books...marriage license, property tax, a whole list. Income tax is not on it. There is no law. There have been suites brought against Uncle Sam...and there are now IRS whistleblowers, that have targets on their backs. Millions will learn all of this soon, in the next smash movie...

America...Freedom to Fascism

I went to the premier and it is at Cannes now. They hope to send it off like Farenheit in the summer. A libertarian did it...but it has the four grievences, we as a people have and a right to be heard.

1. Income Tax

2. Iraq War resolution

3. Patriot Act

4. Electronic Election Fraud

The showing was split...repugs and dems. And we all had the same questions, and agreed to disagree on abortion. The movie says for all people to come together, and fight for our constitution, that is what is at stake.

I hope you all see the movie when they relese it!
:popcorn:

along that line.

The problem here is two fold. Contract work = self employed and responsible for paying taxes (no employer doing withholding) AND forgot self employed people have to pay double the withholding rate on Social Security.

Since people with employers get part of the SS paid BY the employer, self employed folks have to pay both halves themself. It is a bit surprise to 'contract workers' but a big savings to many companies.

As Democrats who believe in helping out the lower class, retired persons, etc, we are supposed to be happy about paying taxes. Under Clinton (where we actually paid more tax) we were happy paying them. Clinton and his administration really tried to help out. Under Bush we are just funding the crooks and war machine.

they found out single taxpayers get screwed..take out alot of taxes this year and you won`t be as pissed off next year..my daughter also figured out that she didn`t make jack shit after 4 hours of overtime....

i thought that they were doing away with the 'marriage penalty'- which isn't all that much at all anyway- you have to have kids to start making it pay off tax-wise.

NOT! Especially lately since we're getting NO representation for our bucks. Did you know when taxes were originally imposed, it was only corporate america that had to pay them? My how things have changed.

It looks like you're getting hit with a self-employment tax. So start thinking about itemizing to increase your deduction. Can you write off any business equipment (like computer hardware or software, books or classes, a home office)? Did you have job search expenses, such as employment agency fees, resume printing fees or postage? Medical bills? Did you donate anything to charity? Do you have student loan interest?

It sounds like you probably rent rather than own, but if you happen to own the place where you live, there's that interest.

If all else fails and you can borrow money from someone (or have it in the bank), put it in an IRA and deduct it. You can open an IRA for 2005 until the date you file your taxes or April 15, whichever comes first.

Itemized deductions the salvation of the self-employed in America.

deductions on Schedule C and then use the profit (net income minus deductions) on Schedule C as your income on the 1040.

Also, even if you rent, you can take the home office deduction if you have a part of the house/apartment that actually functions as an office.

As I said, itemized deductions are the salvation of the self-employed.

I'm not an accountant, but rather a person whose been self-employed for more years than not in the past 20.

Your advice sounds very much like that of my accountant's. :)

When I did contract work, man o' man did I lodge every freakin' mile.

if you itemize, you can deduct any state income taxes you paid last year, if you in fact live in a state with state income payroll taxes...

the certainly fair taxes so they can get the 36 million a day they have to multiply times 365 to pay the interest to the Chinese and Japanese for the money Bush borrowed last year so we have the money needed to send to Iraq.

had a co-worker (years ago) get nailed by the IRS or back-taxes owed by her X-HUSBAND

these were not taxes owed from when they were married - they were taxes owed by "X" a couple of years after the divorce

she wanted to know why they were coming after her for X's taxes

the reason "ummmm..you're the one we found"

her job was just barely above minimum wage, and had 3 kids to raise - and no money for a lawyer/accountant to help her out. Fortunately, through a relative's connections she did manage to hook up with a tax lawyer that took care of it pro-bono

and not income taxes. Being self-emplyed, you have to pick up the part not covered by those who paid you.

do your taxes free of charge.

her take home pay was 19,000 after taxes and insurance (family). We nearly owed if it weren't for a child tax credit and some educational credits. I'm not sure how, but it seems clear where the tax burden lies.

I believe you will receive a free service due to your income. Even if it is not free(I believe it will be) you can use the system to calculate your tax liability. You do not pay until you print/transmit. It's a good way to check your work.

there used to be a colleague of mine who 'ran a business from home' painted pictures and tried to sell them, made nothing but claimed losses.

Eventually the IRS will declare your activity to be a hobby rather than a business.

after that, you can still claim a deduction for hobby expenses, but only up to the amount you make in hobby income.

I hope you can survive this shock and keep your progressive values.

I was pretty far to the left before I saw the deductions from my first "real" paycheck, which was BTW a $16,500/year job (albeit many years ago so I could afford rent and a car).

:toast:

that thousand dollars will pay for a nice mil-spec bomb strap, or some such thing.

It would be one thing if that money were being used for us.

Sorry. I know how you feel. I remember the day I saw daylight from debt. April 1985. That would make me 29 years old. Sick.

and had to pay about $1000 in taxes. The worst part is when some smug Republican politician comes on TV and says that the poor don't even PAY taxes. What crap.

I had a year of mostly part time classification and then moved over to full-time classifications (note: income wise there wasn't much difference) and got whacked for an extra grand, in addition, to the 7000 already paid on a 24k income.... NO deductions anymore.

It's not Uncle Sam's fault your taxes weren't planned right. It might be yours. It might be your company's, but it's not his. Also, how are you doing your taxes? Accountant, H&R Block, Software? Do you're homework so this doesn't happen again next year. Mainly watch your withholdings.

but with your work last year being contract work, I'd say you had to pay self-employment tax. My husband is self employed and that is the ONLY the tax we have to pay.

Edited to change biggest to only tax.

I was self-employed, but I had to pay estimated taxes every quarter. It did spread out the tax obligation. When I filed my taxes the estimated taxes were subtracted from the money owed and then I either paid the balance due or could recieve a refund. However that was something that never happened, although what I owed was usually less than $100.

to the wrong post? :-)

P.S. My husband is semiretired and I am retired so our earned income isn't enough for income tax, but that self-employment tax is still due every year.

self-employment tax unless I call it something else. Is this something that's done in Florida, but not other states?

it is the federal tax you pay when your are self employed. You have to use Schedule SE, titled "Self Employment Tax." Every self employed person has to fill it out. If you are employed, your employer pays half - then it is called Social Security and Medicare taxes.

Edit: What you are calling "estimated tax" is the combination of income tax AND self employment tax.

twenty years ago. It was a different form, the number of which I can't remember, that I filled for each company I did business with as a contractor. It put the burden of paying taxes on me, which I did with estimated taxes.

or do contract work, you get to pay both halves of the FICA tax which is about 16% of your gross and deductions don't count.

Its that poor tax that you can't get around under the current system.

It sucks.

I pay tons of it being self employed

I made a little over $22K last year, paid a about $1500 in income tax and am getting back almost $7K due to EIC and Child Tax Credits.

fuck the working class, give all the breaks to the filthy rich. That's why I'd vote for a piece of maggot riddled road kill, before I'd vote for a Republican.

Maybe they think you're smart and are concerned enough to sick the IRS on you.