Formo
14 years ago

I'm not worried about our state taxes.. I'm pissed off at our Federal. We have to pay in this year. Well, the past 3 years we've had to pay in, but the prior 2 years, I was a subcontractor, so I expected and planned for it.

This year was a kick in the nuts. I was and still am pretty perturbed. We'll have to pay in more for 2009 than we had to the prior two years combined. And all throughout 2009 neither one of us were subcontractors. I did not plan for this, so now we are pretty much left hanging out to dry.

"DakotaT" wrote:




Sounds like you should be mad at yourself for poor forecasting of your income. I have to pay in big time this year for my part time self employment gig. But if you aren't paying in, you aren't making enough money.

As for Minnesota and Wisconsin taxes, quit voting in communists to run your governments

"Formo" wrote:



Eh? Like I said.. in all of 2009, neither my wife nor myself were self-employed. Since every dollar we made was taxed, I assumed the government was taking what it intended. No my friend, this was NOT my fault for 'poor forecasting'.

I can't help that the majority of Minnesotans are retards. My God, they haven't learned from voting Ventura, and now they go ahead and vote an effing comedian?!
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Thanks to TheViking88 for the sig!!
Pack93z
  • Pack93z
  • Select Member Topic Starter
14 years ago
What are you claiming for deductions on your w-2 with your employer?

Might be a case of a withholding issue with your employer.. seen that happen before... especially small employers that don't keep their [strike]without[/strike] withholding percentages updated in payroll.
"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Formo
14 years ago

What are you claiming for deductions on your w-2 with your employer?

Might be a case of a withholding issue with your employer.. seen that happen before... especially small employers that don't keep their without percentages updated in payroll.

"pack93z" wrote:



According to our tax lady, that was the issue. Since I had 2 W-2s last year, I have no clue what I claimed for the foundry, but at FedEx I'm claiming a single-0. My wife's W-2, she claimed a married-1.

That not withstanding, I still can't believe it makes THAT much of a difference. I don't care if I don't get any money at the end of the year, I just want to break even. It's just a pisser when you expect to, at worst, break even or even get some back, and you end up owing more in one year as employees than the previous two years as a sub-contractor.
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Thanks to TheViking88 for the sig!!
Pack93z
  • Pack93z
  • Select Member Topic Starter
14 years ago


That not withstanding, I still can't believe it makes THAT much of a difference. I don't care if I don't get any money at the end of the year, I just want to break even. It's just a pisser when you expect to, at worst, break even or even get some back, and you end up owing more in one year as employees than the previous two years as a sub-contractor.

"Formo" wrote:



It sure does.. especially if you lack deductions..

That along with the yearly tax changes... missing on your W-2's or having an employer deduct in error can add up on tax day.
"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Formo
14 years ago


That not withstanding, I still can't believe it makes THAT much of a difference. I don't care if I don't get any money at the end of the year, I just want to break even. It's just a pisser when you expect to, at worst, break even or even get some back, and you end up owing more in one year as employees than the previous two years as a sub-contractor.

"pack93z" wrote:



It sure does.. especially if you lack deductions..

That along with the yearly tax changes... missing on your W-2's or having an employer deduct in error can add up on tax day.

"Formo" wrote:



Obviously it does. That's what pisses me off. Just take whatever the hell you guys want/need out of each paycheck. Just don't come knocking on April 15.
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vegOmatic
14 years ago
The government is rolling in money. Lord knows why we have to keep waiting for free health care. C'mon, Obama, sign that piece of paper and save us from ourselves.
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