View Full Version : I hate my job. (Tax related)
My mom started doing my taxes today... and noticed that, for the entire year, only $53 in Federal taxes were removed from my paycheck.
I'm not one to keep stubs, and I am one to trust the simpletons in the payroll office... but I'll have to be now. I dug up a few stubs from out of my desk, and to my surprise, an average of 40 cents has been removed each pay period (sometimes zero). What. The. Fuck.
I claimed zero excemptions... in fact, because I'm paranoid about the wrong stuff, I called my mom up three times when I was filling out my tax form upon being hired, asking if it was zero I should write down (just to triple-check). Looks like they entered 10, or something possibly more unrealistic.
Now I have to pay the government $470+ before April. There's no way to back-track and fix it, obviously... I have to go into my workplace tomorrow and ask the payroll office to pull out my initial tax form and pull out what they've entered in the computer for me to be taxed 40 cents a pay period.
I wouldn't mind quitting so I could get a job that pays more for doing less so I could pay off my taxes. Hell, I used to make $9 an hour at fucking Kmart.
Soodmeg
02-01-2006, 08:59 PM
Damn dude thats fucked up.....Hmmm does everyones mom do their taxes? I know about 12 people including myself whos mom do their taxes.
Must be a mom thing.
Anyway....damn dude that just sucks ass.
AFStealth
02-01-2006, 10:12 PM
How old are you Brak?
Also, no, I do my own taxes.
Soodmeg
02-01-2006, 10:31 PM
How old are you Brak?
Also, no, I do my own taxes.
Is it hard to learn how to do your own taxes?
Every year i just give them to my mom.....walk away and soon after get my money back. Been doing that for about 5 years now (i am only 20 and in college) maybe i should learn how to do them myself.
Then again........thats more work for me to do.
KingDox
02-01-2006, 10:47 PM
that blows, My dad does my taxes. But he's an accountant so I think it's normal. Also I bet his feeling would be hurt if I didn't ask him to do mine.
Metal Boss
02-01-2006, 10:48 PM
I dont keep the stubs either
rodeojones903
02-01-2006, 10:50 PM
I still have stubs from when I was 16.
Graystone
02-01-2006, 11:20 PM
Is it hard to learn how to do your own taxes?
Not at all if you can read and do basic math you are okay. I think its sad that so many people depend on others to do their taxes. I did my taxes on my own with no help at all and got my return back just fine the first time I did them. All you have to do is read carefully. Of all the people I know I am one of two that does their own taxes.
corrosivefrost
02-01-2006, 11:27 PM
Taxes aren't too difificult as long as you don't own a home or have any capital gains type issues (related to stocks/real estate/etc.)... if you can file with a 1040A it's not so bad. :)
Javery
02-01-2006, 11:48 PM
What really blows is paying roughly 35% of my pay in taxes.
Mr Unoriginal
02-01-2006, 11:49 PM
It's the not the worst news. Depends on how much you made in the year, but the $450+ may be what you honestly owe the govt. Of course if you make less than $5000 or whatever the magic number is, you'd be getting it all back.
shrike4242
02-01-2006, 11:52 PM
The thing is, you should have a copy of your W-4 form, which shows how many deductions you're supposed to have on your check.
If it lists 0, then your employed fucked up. If it says 10, then you fucked up.
The W-4 should show what the issue is. Plus, if you owe money, you don't have to put it in the mail until April 17th. Check doesn't cash for a number of weeks beyond that point, and it can be a personal check to pay your taxes.
Plus, if it comes down to it, you can get a form to do the payments in installment form, though you pay interest on the installments, so you pay more than you did if you lump sum it.
As an aside, I've not done my own taxes in numerous years, though this was the first year in a few (4, maybe 5), that I've had my taxes done on a 1040EZ, and something I'd have done on my own. My state return paid for the money to do my taxes, so that's OK in my book.
mykevermin
02-01-2006, 11:54 PM
What really blows is paying roughly 35% of my pay in taxes.
The flipside, of course, being the income needed to be in that tax bracket.
shrike4242
02-01-2006, 11:56 PM
The flipside, of course, being the income needed to be in that tax bracket.
Amen, brother.
I'm not there, though close enough to feel his pain. :cry:
Amen, brother.
I'm not there, though close enough to feel his pain. :cry:
Yea, but you have to put away for retirement in a few years :D
I felt foolish filling out my forms for my whole $8.25K of part time gain :rofl:
Javery
02-02-2006, 12:04 AM
The flipside, of course, being the income needed to be in that tax bracket.
yeah but it kind of sucks that just because I can afford to pay a higher amount of taxes that I am forced to.
shrike4242
02-02-2006, 12:10 AM
Yea, but you have to put away for retirement in a few years :D
I felt foolish filling out my forms for my whole $8.25K of part time gain :rofl:
I'm sorry, did you say something? You know how my hearing is at this age. :rofl:
I'm sorry, did you say something? You know how my hearing is at this age. :rofl:
You probably just forgot I said something - you're doing that a lot nowadays ;)
How old are you Brak?
Also, no, I do my own taxes.
21.
The thing is, you should have a copy of your W-4 form, which shows how many deductions you're supposed to have on your check.
If it lists 0, then your employed fucked up. If it says 10, then you fucked up.
When I was hired in, I turned my W-4 in to my boss' boss. He said I'd get direct deposit and a copy of my W-4... I didn't get either, asked about both two or three times and they'd say that they'd get around to it. It got to the point where I dropped it.
Regardless, and come to think of it, their W-4 form was so confusing that I had my mom do it (hehe). She put zero exemptions (which she'd militant over), and I double checked that she did. Also, when I was trying to fill it out at work, I called her 300 times asking if I should put zero.
They fucked up. I have to go in to work tomorrow and sort this year out (I haven't been taxed anything this year, yet :roll: ). The fat woman in the payroll office is a bitch, and she's going to give me shit 'cause SHE fucked up... so I'm looking at the possibility of storming out tomorrow and never returning.
Another strange thing... a couple weeks after I got my W-2, my boss asked "you're not leaving anywhere, are you?" As in ultimately leaving. And I was late for work a couple nights ago because of a scheduling error, and he was terrified that I had quit. Maybe they know about it?
sblymnlcrymnl
02-02-2006, 12:35 AM
That fucking sucks. I did my taxes today, first time for me. But my dad is a CPA, so he usually handles that stuff.
friedram
02-02-2006, 12:44 AM
If he's going to college- his parents are taking him as a dependant since he can't make real money and they probably do.
Most people want to do less work and get paid more- it's what everyone wants.
Most people want to do less work and get paid more- it's what everyone wants.
Not so much that as I'd like someone else to do more work -- or do their job properly, more like it.
jlindsay26
02-02-2006, 12:58 AM
Damn dude thats fucked up.....Hmmm does everyones mom do their taxes? I know about 12 people including myself whos mom do their taxes.
Must be a mom thing.
Anyway....damn dude that just sucks ass.
Just the opposite I do my Mom's taxes, I've been doing them since high school stange thing is I'm not sure who did her taxes before I start doing them. I usually use Turbo Tax makes it pretty easy even if you have a moderately difficult return 1099's, self-employed, etc.
craven_fiend
02-02-2006, 01:19 AM
Sucks that the hellish job is fucking you over once again. Try to get these issues fixed, the pack it up and leave.
Dead of Knight
02-02-2006, 09:14 AM
My mom does my taxes, but I'm 18, she used to be an accountant, and I'm in college hundreds of miles away from home, so I think I'm ok.
mtxbass1
02-02-2006, 10:08 AM
yeah but it kind of sucks that just because I can afford to pay a higher amount of taxes that I am forced to.
Amen brother. I'm in the 35% bracket myself. It absolutely sucks to see how much gets taken out for taxes. I did a little estimating, and for every $500 that I put into my 401k (per paycheck) I only take home $287.00 less. It lowers my tax bracket, but still...damn.
Kayden
02-02-2006, 10:35 AM
If you can't do a 10-40EZ you should be hit in the fucking head with a sledge hammer.
"Insert cell 1 from w-4 to space 1. Insert cell 2 from w-4 into space 2. Add space 1 and space 2..."
When I was working at my college they took taxes out for about the first half of my job. Then I got a check for the taxes I had payed and they stopped taking taxes out. Then when tax time came I find out that I owed like $300 because they didn't take out taxes. They said I was tax exempt as a student worker. However, thats only federal, they didn't take out any taxes.
Javery
02-02-2006, 10:53 AM
Amen brother. I'm in the 35% bracket myself. It absolutely sucks to see how much gets taken out for taxes. I did a little estimating, and for every $500 that I put into my 401k (per paycheck) I only take home $287.00 less. It lowers my tax bracket, but still...damn.
yeah, I got a $20,000 raise from last year and I net $190 per month more (I get paid monthly). WTF is that? I thought I'd be all bling bling and shit... or something... but all I get out of it is that I can now afford Burger Heaven instead of Wendy's for lunch... wait a minute, that rules!!
The good news is that since you owe less than $1K, I don't believe you'll be hit with any penalty from the IRS. Wouldn't that have been a kick in the teeth?
TurkeyOnRye
02-02-2006, 11:16 AM
yeah, I got a $20,000 raise from last year and I net $190 per month more (I get paid monthly). WTF is that? I thought I'd be all bling bling and shit... or something... but all I get out of it is that I can now afford Burger Heaven instead of Wendy's for lunch... wait a minute, that rules!!
That can't be right... maybe you should check into that. I did some quick math on just the $20,000 bonus and the 35% tax bracket.
$20,000 x 35% = $7,000
$7,000 of that should be all of the taxes you pay on the bonus...
$13,000/12 months = $1083.34 per month.
I'm guessing the jumping of tax brackets made a monthly $893 difference in your original monthly paycheck? That can't be right man... have you checked into this?
We're talking a Backyard Burger difference here...
Javery
02-02-2006, 11:40 AM
That can't be right... maybe you should check into that. I did some quick math on just the $20,000 bonus and the 35% tax bracket.
$20,000 x 35% = $7,000
$7,000 of that should be all of the taxes you pay on the bonus...
$13,000/12 months = $1083.34 per month.
I'm guessing the jumping of tax brackets made a monthly $893 difference in your original monthly paycheck? That can't be right man... have you checked into this?
We're talking a Backyard Burger difference here...
OK, you are right. I did some digging and it looks like the extra money being taken out is going towards social security. There is roughly a $14,000(?) cap on what you can put in during any given year. I max out my contribution so I hit the threshold at the end of July (I contribute roughly $2,000/month(?)). Once July is over, my paycheck should increase $2,000 per month until the end of the year. It looked like my pay raise was nothing because last year I also maxed out my social security contributions and got the extra money at the end of 2005. Once 2006 hit and I started to contribute again, the contribution and my raise net out to $190/month of extra money so I won't feel the effects of my raise until August or so.
Kayden
02-02-2006, 01:08 PM
You poor bastard... I don't even net 2k a month. 14*40=560*2=1120*.78=873.60*2=1747.2
Yea... your raise is more than I even make in a month. :hot:
sblymnlcrymnl
02-02-2006, 01:20 PM
You poor bastard... I don't even net 2k a month. 14*40=560*2=1120*.78=873.60*2=1747.2
Yea... your raise is more than I even make in a month. :hot:Same here, at least at the moment. :cry:
TurkeyOnRye
02-02-2006, 02:42 PM
OK, you are right. I did some digging and it looks like the extra money being taken out is going towards social security. There is roughly a $14,000(?) cap on what you can put in during any given year. I max out my contribution so I hit the threshold at the end of July (I contribute roughly $2,000/month(?)). Once July is over, my paycheck should increase $2,000 per month until the end of the year. It looked like my pay raise was nothing because last year I also maxed out my social security contributions and got the extra money at the end of 2005. Once 2006 hit and I started to contribute again, the contribution and my raise net out to $190/month of extra money so I won't feel the effects of my raise until August or so.
Let's just hope that social security is still there when you retire...
bmsdaddy
02-02-2006, 02:49 PM
Come on, Social Security contributions are 6.2 percent by employee and 6.2 percent by employer. Social Security taxes the first $94,200 of your income (for 2006) thus the maximum you would pay in Social Security tax is $5840.40 for 2006. Unless you are self-employeed then it would be double as you would have to pay both portions.
Pookymeister
02-02-2006, 02:50 PM
isn't the 35% bracket at $326,450/yr or more?
The Shiznit
02-02-2006, 02:54 PM
Just the opposite I do my Mom's taxes, I've been doing them since high school stange thing is I'm not sure who did her taxes before I start doing them. I usually use Turbo Tax makes it pretty easy even if you have a moderately difficult return 1099's, self-employed, etc.
I also do my Mom's taxes.
Javery
02-02-2006, 03:29 PM
Come on, Social Security contributions are 6.2 percent by employee and 6.2 percent by employer. Social Security taxes the first $94,200 of your income (for 2006) thus the maximum you would pay in Social Security tax is $5840.40 for 2006. Unless you are self-employeed then it would be double as you would have to pay both portions.
Really? It must be a combination of social security and 401(k) which has like a $15,000 limit.... I don't really know anything about taxes and such...
ryanbph
02-02-2006, 03:44 PM
I used to take care of my taxes, but with my house, recent stock gains, and over $40k in ebay a year, I now pay a fucken accountant to tell me how much i owe.
mtxbass1
02-02-2006, 03:47 PM
The max contribution for a year for your 401k is $14,000.
The max contribution for a Roth IRA is $4000.
TurkeyOnRye
02-02-2006, 06:01 PM
Really? It must be a combination of social security and 401(k) which has like a $15,000 limit.... I don't really know anything about taxes and such...
Regardless... you might want to take some stubs and go ask the people in payroll just in case.
You might be entitled to some moolah.
Just remember ol' Turkey when you're wiping with greens...
Javery
02-02-2006, 06:10 PM
Regardless... you might want to take some stubs and go ask the people in payroll just in case.
You might be entitled to some moolah.
Just remember ol' Turkey when you're wiping with greens...
haha... I looked into it and everything is as it should be. They take over $6,000 per paycheck!! Granted, some of it goes to important things like health insurance, 401k and stuff but damn that's a lot!
sblymnlcrymnl
02-02-2006, 06:16 PM
Shit, that's $72,000 a year. That's gotta be 40 some % of your pay, right?
Pookymeister
02-02-2006, 06:27 PM
Shit, that's $72,000 a year. That's gotta be 40 some % of your pay, right?
The 35% bracket is at $326,450/yr or more for a single person
Javery
02-02-2006, 06:31 PM
The 35% bracket is at $326,450/yr or more for a single person
It's only $163,225 for married filing separate though... hmmm... maybe it's time to consolidate to one return...
Kayden
02-02-2006, 09:02 PM
Jumping fuck christ... they TAKE OUT 72,000 a year!?!?!?!? Fucking hell man. You pay in taxes more than double what I make in a year... Probably three times.
I found out the problem. They put that I was married on my tax information. Fucking idiots.
Note that I put "single" as my marital status on my W-4.
TurkeyOnRye
02-02-2006, 10:37 PM
Shit, that's $72,000 a year. That's gotta be 40 some % of your pay, right?
Well, like he said... it's $6,000 for 7 months, then alot less for the remaining year.
I just watched Stacy Keibler dance in a skimpy outfit though, so I'm not doing the math. I'm doing something else.
shrike4242
02-03-2006, 12:27 AM
I found out the problem. They put that I was married on my tax information. Fucking idiots.
Note that I put "single" as my marital status on my W-4.
So, how's Mrs. Brak doing? :D