Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 Why do we pay taxes if there is no law that requires us and the supreme court agreed?
There is no mandated law that requires taxation? The supreme court agreed in 1898 and 1913...Further, the only writing about it says that it is "voluntary cooperation". So why do we pay?
...


 Is it better to claim single or married on your taxes?
I was wondering if you get more money back ... I have heard you get more money single and I have also heard you get more money married. Which is more true?...


 Would they really pay me £3.40 an hour?
Hi, im leaving school within the next month, (returning next year) and noticed that the Minimum wage for Under 18 in Uk is £3.40, and the Minimum wage is £5.52(over 22)

Do employers ...


 Does my FICA contributions MY retirement money? Or for current old people?
My employer takes alot of money out of my paycheck for FICA!

What happens to that money when I reach the retirement age? Can I get it ALL back at age 68? Or do I have to qualify for my ...


 If I worked in Saudi, paid into a dollar bank account by American company, could I evade paying income tax?
I am trying to pay less UK tax, as I dont think I should be paying it in this circumstance....


 What do i need to do to pay off taxes and my job don't automatically deduct them?
i just got a new job, different from my last one, and my checks are gona be the gross what i make. What do i need to do in order to not get my crap repossessed in th future? I know i gotta save and ...


 Regarding income taxes , my 23 year old son has lived all year at home with us , his parents. When I get?
ready to file my taxes will I still be eligible to use him as a deduction even though he will have to file ?...


 Can you file income tax if you have a warrant?
can you file income tax if the police are looking for you and your not a u.s citizen?
Additional Details
my husband has a warrant i didn't know he came back frm mexico and filed ...


 My ex wife claimed my daughter on her taxes when the divorce papers say I am entitled to?
The papers clearly state I am supposed to claim her until she is emancipated and when I filed my tax return I sent copies of that along with my tax return. The IRS sent me a letter saying that ...


 89 year old blind woman not aware of owing $38 in back taxes being evicted. Is this fair?
Leave it to the State of Illinois. An 89 year old blind widow was never informed that she had owed $38.00 in back taxes. Her home was sold at auction for the tax payment. A property company (LLC) ...


 Will these expenses get me audited?
My husband and I both have regular jobs, but I also do some freelance editing on the side. For 2007, I received a 1099 for about $1,179. I figured my expenses to be $63 for supplies.

This ...


 Emergency tax?
Hi guys, I have read some of the other Q&A regarding tax codes which helped me quite a bit but not completely. Please can anyone out there can answer my question?

Q1 My previous ...


 Need to resolve unfiled tax issues!?
I haven't filed my personal tax returns for the past 4 years...I own a small business and have recently been divorced. I need help..am unable to sleep at night from worrying about this. Do I ...


 Would be possible for me to ask back the taxes I've been paying here in the UK once I leave the job?
Who should I ask then? My company or the tax office of the city where I am living? What is the exact name of the office? And since I am leaving at the end of July when should I begin ask the money ...


 If I am getting a tax refund from 2007 tax, will I still get the tax rebate check?
I filed my 2007 taxes and am recieving a tax refund. Will we recieve the tax rebate? There is myself, my hubby and 5 kids. We made around $24,000 last year. Do we qualify for the rebate check? And ...


 Subject Taxes: I was divorced in March of 2007 in the state of Colorado can I still file for 2007 as married?
...


 If i am single, claimed 2 federal and state exemptions, made 23k in wages and had 4400 witheld, will i owe?
please don't just say it depends on so many factors. i made the money in a six month span (so 46K a year). i have very little i can cliam for deducitons. this is my first time. please give me a ...


 I once heard that if you were to give someone a large amount of money as a gift then the government....?
Can and will tax the money? Is this true? And if so how much money does it have to be for the government to tax it and what percentage do they take? Thanks!...


 Do the richest top 10% of taxpayers really pay 90% of the taxes?
I have heard this rough statistc before. Is it true and if so where can I find information confirming its veracity?...


 What does it mean exactly to "ATTACH" your W2 to your tax return form?
Do you:

-stick it on ???
-pin it on ???
-do you use a stapler ???
???????

IRS should be more specific............
Additional Details
....ALSO, online,...



Katie
What percentage of my paycheck can I expect to be taxen out for taxes?
I am about to graduate college in 2 months and have a second interview for a job with the county. My starting pay (first 6 months) would be $14.66/hr. How much of that would be taken out for taxes?

I am married and we have no children. Would the tax be somewhere around 30%? I'm just curious. Thanks.
                     
 




wondermom
Rating
Yes, roughly 30%. Depending on how many exemptions you claim. If you want to bring home more, claim more M2, if you want more withheld, claim less.


Mr Chris
Rating
You can get a tax table from IRS.gov. At 14.66 per hour you're set to make $30,492. Using the federal tax table located at irs.gov, you will owe $4,183 in federal taxes (assuming no bonus or other income) for 12 months of employment at this salary. This works out to around 14% in FEDERAL taxes. This doesn't include social security taxes, medicare taxes, or any state income taxes. The state you live in will make a big difference, google state income tax with your state and you can find out this percentage. Hope this helps.


Dan M
you and your employer will EACH pay 7.8% of the gross wage for your fica(social security) and futa(fed unemployment) from there YOU can decide how much of your wage you want withheld based on # of dependents or you can state a flat $ amount or percentage. you will also need to to factor in your spouses income and withholdings as well as other things like mortgage interest, business expenses etc. would recommend that you speak to a tax advisor or govt publications to add in all the factors. if you give up more per pay period, your getting a refund will be more probable.


DB
Yes, to be safe 30% is a good estimate but it will probably be a little less depending on what you do with your w4.


vegas_iwish
Actually does not matter at all what they take out. What matters is total you will pay. Total will be the same - all you can decide is when you pay it. 7.65% will vanish for SS/Medicare. Don't know your state rate. If husband earns more you should be married zero so will have a higher percentage taken out. If you are higher earner he should be married zero & you should be married 3 if no house. Refunds are for people who make mistakes & give the govt an interest free loan. Without more answers can't give firm # but not important as compared to planning the big picture.


jhon m
Definitely u will get the more details about u r questions ...go and visit the following site..


bvpeterson
Rating
Start with social security and medicare, which will take out 7.7 pct total.

Then state income tax. Depends where you live. Maybe 5%.

Then federal income tax. At 30K per year, probably no more than 10 pct for federal.

Total probably closer to 25% unless you live in NY, which you probably dont, since you cant live there on $14.66 per hour.


Lenalu23
Rating
my only answer is that the government is a ******* rip off i would have to say except damn near all your paycheck to the thieving bastards the more you make the more they take lifes moto


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.034
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy