Taxes... arrrrg!

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Apr 14, 2004 | 09:23 PM

fantastic88

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From: Lakeville, MN

Taxes... arrrrg!

I am a private contractor so I have to pay out 15.3% of my yearly income verses 7.3% that comes out of a regular employee'* paycheck. As of this time tomarrow I will be $912 poorer.

Apr 14, 2004 | 09:27 PM

SSE14U24ME

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From: Right in front of you

Don't feel so bad. I got to watch my boss wigout all day today. He has to pay out a fortune. He doesn't share so I like to see him squirm.

Apr 14, 2004 | 09:48 PM

Jim W

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Joined: Dec 2002

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From: Mississauga, Ontario

30% tax bracket for me :?

Amen for RRSP contributions...I got a hefty return thanks to em....tax season definitely has its ups and downs :( /

Apr 15, 2004 | 12:21 AM

MOS95B

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Joined: Jul 2003

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From: Robbinsdale, MN

Re: Taxes... arrrrg!

Quote:

Originally Posted by fantastic88

I am a private contractor so I have to pay out 15.3% of my yearly income verses 7.3% that comes out of a regular employee'* paycheck. As of this time tomarrow I will be $912 poorer.

Yup, self employment sucks when tax day rolls around. I was self employed for about 5 years, but I always manage to spend enough on tools, bad debts, and losses to at least break even....