Taxes. I'm confused.
snitches get stitches
Joined: May 2002
Posts: 49,696
Likes: 1
From: Portland, OR
There is a minimum level at which tax payers get all their money back that they paid in taxes (for those who have taxes paid out every check, aka filling out a W-4). For someone that uses a 1099 (contractor type work), I'm sure the same rule applies.
I'm a little wary of the "as far as they know" part. Sounds like something shady is going on. For being such a fastidious conservative, I would expect more from BetterBob.
I'm a little wary of the "as far as they know" part. Sounds like something shady is going on. For being such a fastidious conservative, I would expect more from BetterBob.
un-Touch'd krew
Joined: May 2001
Posts: 51,774
Likes: 1
From: My own level of hell
There is a minimum level at which tax payers get all their money back that they paid in taxes (for those who have taxes paid out every check, aka filling out a W-4). For someone that uses a 1099 (contractor type work), I'm sure the same rule applies.
I'm a little wary of the "as far as they know" part. Sounds like something shady is going on. For being such a fastidious conservative, I would expect more from BetterBob.
I'm a little wary of the "as far as they know" part. Sounds like something shady is going on. For being such a fastidious conservative, I would expect more from BetterBob.
snitches get stitches
Joined: May 2002
Posts: 49,696
Likes: 1
From: Portland, OR
snitches get stitches
Joined: May 2002
Posts: 49,696
Likes: 1
From: Portland, OR
"No taxation without representation" started when Colonists in the New World were taxed on imports and exports, but had no representation in British Parliament. It's not like they had representation that they didn't agree with.
Regardless of personal political belief, tax dollars still go towards roads, schools, police, public infrastructure, etc. You may not agree with the direction of said representation, but that doesn't give you the right to not pay your taxes.
Regardless of personal political belief, tax dollars still go towards roads, schools, police, public infrastructure, etc. You may not agree with the direction of said representation, but that doesn't give you the right to not pay your taxes.
Thread Starter
Nobama
Joined: Sep 2004
Posts: 6,961
Likes: 0
From: Sarasota, Florida
As much as i would like to argue this issue, I need to know what is going on.
I know i don't have to pay the fed. But what about Social Security and such?
I'm going to call the IRS monday, on work time, of course.
I know i don't have to pay the fed. But what about Social Security and such?
I'm going to call the IRS monday, on work time, of course.
snitches get stitches
Joined: May 2002
Posts: 49,696
Likes: 1
From: Portland, OR
you have to file a schedule SE (self employment) and pay taxes that way, via a self employment tax:
http://www.irs.gov/pub/irs-pdf/f1040sse.pdf
here's instructions and info about schedule SE: http://www.irs.gov/pub/irs-pdf/i1040sse.pdf
Last edited by RB; Jul 18, 2009 at 07:11 PM.
Checking it twice
Joined: May 2002
Posts: 13,539
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From: Twixt Hell/Ann Arbor MI
You will owe Social Security and Medicare...about 15.3% of your income. Since you aren't an employee, but a contractor you are responsible for both halves of your SS/medicare, normally an employer pays half or 7.15%, it may be a little different number but that's what it was a while ago.
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Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming ...."WOW! What a ride!!!!!"
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Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming ...."WOW! What a ride!!!!!"
LUNCH with THEOLDMAN...On a break for now...
snitches get stitches
Joined: May 2002
Posts: 49,696
Likes: 1
From: Portland, OR
You will owe Social Security and Medicare...about 15.3% of your income. Since you aren't an employee, but a contractor you are responsible for both halves of your SS/medicare, normally an employer pays half or 7.15%, it may be a little different number but that's what it was a while ago.
Bob: More useful information about the self employment tax and how to claim/pay it: http://www.irs.gov/businesses/small/...=98846,00.html