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Old 04-14-2004, 10:23 PM   #1
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Default 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.
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Old 04-14-2004, 10:27 PM   #2
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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.
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Old 04-14-2004, 10:48 PM   #3
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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 :( /
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Old 04-15-2004, 01:21 AM   #4
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Default 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....
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Old 04-15-2004, 01:46 AM   #5
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Taxes... I got money back, so that was good.


Did you know that if you own a buisness you can buy a hummer H2 and write it off? I think...
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Old 04-15-2004, 01:50 AM   #6
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Only if it'* used for business ONLY - and then only so much of it
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Old 04-15-2004, 02:09 AM   #7
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Quote:
Originally Posted by 97NAbonneville1
Taxes... I got money back, so that was good.
Correction, they paid back the 0% loan you gave them.
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