Income Tax Return time!

[AznKirby]

Originally Posted by iag48st

lol is it that bad?

My provincial income brackets:

Taxable income Rate
$41,495 or less 16%
More than $41,495 but not more than $82,985 20%
More than $82,985 but not more than $100,970 24%
More than $100,970 25.75%

PLUS My federal income brackets:

15% on the first $43,953 of taxable income, +
22% on the next $43,954 of taxable income (up to $87,907), +
26% on the next $48,363 of taxable income (up to $136,270), +
29% of taxable income over $136,270.


So yeah. I'd say it's pretty bad. But maybe I'm just complaining for no reason.

[iag48st]

Originally Posted by AznKirby

My provincial income brackets:

Taxable income Rate
$41,495 or less 16%
More than $41,495 but not more than $82,985 20%
More than $82,985 but not more than $100,970 24%
More than $100,970 25.75%

PLUS My federal income brackets:

15% on the first $43,953 of taxable income, +
22% on the next $43,954 of taxable income (up to $87,907), +
26% on the next $48,363 of taxable income (up to $136,270), +
29% of taxable income over $136,270.


So yeah. I'd say it's pretty bad. But maybe I'm just complaining for no reason.

OUCH!!

[boxer 2.5]

Originally Posted by iag48st

The restaurant where I work at 95% customers pay in credit cards so everything is documented. Last year I made 70k and paid 12k. Not being ungrateful but damn!!

70k as a waiter... Yeah I would just be thankful you're making between $30-35 an hour... As a waiter... What restaurant and where do I sign up?

[m.box.design]

Originally Posted by AznKirby

My provincial income brackets:

Taxable income Rate
$41,495 or less 16%
More than $41,495 but not more than $82,985 20%
More than $82,985 but not more than $100,970 24%
More than $100,970 25.75%

PLUS My federal income brackets:

15% on the first $43,953 of taxable income, +
22% on the next $43,954 of taxable income (up to $87,907), +
26% on the next $48,363 of taxable income (up to $136,270), +
29% of taxable income over $136,270.


So yeah. I'd say it's pretty bad. But maybe I'm just complaining for no reason.

but you guys have better social services! health care in the USA is tanking. last year my employer switched over to a high deductible plan. my coworker's infant son had to undergo surgery this month, he's $4600 in the hole already. He hit the deductible and it's only 80/20 from that point on. Also, the deductible is per individual, so let's say he gets sick or another member of his family, well, they will have to pay 100% til they reach the individual deductibles.

[iag48st]

Originally Posted by boxer 2.5

70k as a waiter... Yeah I would just be thankful you're making between $30-35 an hour... As a waiter... What restaurant and where do I sign up?

Little Italian restaurant in NYC.

[fistpoint]

Thread not going the way OP intended...welcome to the real world

[Dingle049]

Originally Posted by fistpoint

Thread not going the way OP intended...welcome to the real world

Wherever it goes is where it goes, I've been a member of car forums and the world long enough regardless of my post count here. Probably didn't help that I posted so late at night either.

I'm only expecting about 1,800 back and using it to pay off my current gas sipper before saving for a downpayment on an upper trim level frs hopefully in early 2016.

[iag48st]

Originally Posted by Dingle049

Wherever it goes is where it goes, I've been a member of car forums and the world long enough regardless of my post count here.

Sorry Dingle for going off topic.

I don't get money back but I do want to get a cutback exhaust but don't want to spend a lot of $

[OICU812]

Originally Posted by AznKirby

Nobody should complain until they have to pay Canadian income tax.

Exactly it's 3x our southern friends but give and take and good and bad.

On topic come tax time if there's a small chance of any return I'm sure I'll figure out something for car within 5 minutes it'll be gone. Lol

[Tgionet]

Originally Posted by indesign

but you guys have better social services! health care in the USA is tanking. last year my employer switched over to a high deductible plan. my coworker's infant son had to undergo surgery this month, he's $4600 in the hole already. He hit the deductible and it's only 80/20 from that point on. Also, the deductible is per individual, so let's say he gets sick or another member of his family, well, they will have to pay 100% til they reach the individual deductibles.

QFT, before my dad passed he was paying 2700/mo for health insurance for himself, myself and my mother. I, alone, was quoted at something around 1700/mo (20 at the time, pre-existing condition) when he looked into retiring. Our out-of-pocket expenses for the 2 months he was sick (cancer, 1 chemo treatment) were almost 50k. I can't fathom how the average family can cope with costs like that.

[Knickstape]

Originally Posted by iag48st

I feel you bro, I pay around 12-13k in taxes. I hate this time of the year, its depressing. I guess being a waiter and not being married or having kids costs over 10k a year.

Off topic still but Got damn! I've been serving tables for 5 years now and always get at least $2000 back, and i show $50,000 on paper. I sure as hell wouldn't serve if I had to give 15-20% back every year!

[AznKirby]

Originally Posted by indesign

but you guys have better social services! health care in the USA is tanking. last year my employer switched over to a high deductible plan. my coworker's infant son had to undergo surgery this month, he's $4600 in the hole already. He hit the deductible and it's only 80/20 from that point on. Also, the deductible is per individual, so let's say he gets sick or another member of his family, well, they will have to pay 100% til they reach the individual deductibles.

Originally Posted by OICU812

Exactly it's 3x our southern friends but give and take and good and bad.

On topic come tax time if there's a small chance of any return I'm sure I'll figure out something for car within 5 minutes it'll be gone. Lol

Yeah, that's why I said maybe I'm complaining for no reason.
Although sometimes I have egotistical passes, and wish I could pay 25k for a BRZ, instead of our 30k+.

[serith]

A) Not everyone gives the government an interest free loan. It's better to try and break even come time to file.

B) If you are due a refund and your car isn't paid off, I'd suggest throwing the money at the loan instead of over-priced accessories that you'll never see a return on.

[Frstorm]

I claim zero dependents and my wife does the same. Always have to have the 10k put away for taxes and next year we will probably hit 20k in taxes due to big raises for both recently