am confused
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jan larsen wrote: Pfft Pfft 2.0: In addition to the +50% taxes mentioned, here in Sweden the employers pay taxes (something like 46% of the salary) for the employees before the salary is payed to the employee and taxes are drawn again, which effectively means that taxes on salary might reach levels of about 75% (disclaimer: head count without counting...). -- Dad, how strange it is that the pig can speak.
*thoughtful pause* It must have lost its "oink".
(my 3-year old daughter Moa, while watching Babe) Human beings, who are almost unique in having the ability
to learn from the experience of others, are also remarkable
for their apparent disinclination to do so. (Douglas Adams)Thank you ... I feel much better now. :-) Normally I dont complain about my income tax, but recently I inherited some money and the tax on that really surprised me. The federal goverment got 48% via inheritance tax, the state got 13% via it's inheritance tax, and since the money was from a pre-tax profit sharing account I still have to pay about 30% income tax .. which is a total of 91% .. leaving me with 9% of what I thought I inherited ... gee, I wish my parents had just spent it while they were alive that way at least they could have gotten some enjoyment out of it.
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mystro_AKA_kokie wrote: are my paying too much taxes? Talk to a Canadian, tell them you're paying too much taxes :| Norman Fung
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i just filed my tax return...i earned $24,297(wonder how i survive(in the state of New Jersey), huh?). i payed $4,408 in taxes. my refund $1,700. are my paying too much taxes? It's a sh*tty world. Take advantage of whomever,whenever,whereever. And oh.. becarefull what you say to me,am too sensitive.Or i might just show up at your house.i retract the latter,am trying to be a better person.
mystro_AKA_kokie wrote: i just filed my tax return...i earned $24,297(wonder how i survive(in the state of New Jersey), huh?). i payed $4,408 in taxes. my refund $1,700. are my paying too much taxes? How does it break down? It depends on your number of dependants etc. Also you have to look at where it is all going, Social Security, Federal income, state income etc etc. I guess I'm "fortunate" enough to have more tax deductible spending than I make in a year (college) so i always get everything back. Matt Newman
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Hehe, depending on the provence, it compares well to US taxes. The thing you have to do is compare the whole tax system, not just income tax. Tim Smith I'm going to patent thought. I have yet to see any prior art.
True. I heard tax in Europe is even higher. Know anything about it in particular? Norman Fung
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You're paying far too little; send some more. I made about $16,000, counting about $12,000 that was my retirement fund in an IRA. But half that was actually a loan against the fund that I couldn't repay for lack of income, but it's counted as income even though i didn't receive it. And I have to pay 10% of the total on top of the tax as a penalty for having to remove it from the account to live. Of course, $3300 was withheld for taxes, so I'll only owe another $3,000 or so come April 15th. Heard in Bullhead City - "You haven't lost your girl -
you've just lost your turn..." [sigh] So true...Roger Wright wrote: my retirement fund in an IRA Ok, Mr. You're busted! Homeland security will pick you up in about 3 seconds for supporting terrorism. ;) -- Gott weiß ich will kein Engel sein.
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jan larsen wrote: Pfft Pfft 2.0: In addition to the +50% taxes mentioned, here in Sweden the employers pay taxes (something like 46% of the salary) for the employees before the salary is payed to the employee and taxes are drawn again, which effectively means that taxes on salary might reach levels of about 75% (disclaimer: head count without counting...). -- Dad, how strange it is that the pig can speak.
*thoughtful pause* It must have lost its "oink".
(my 3-year old daughter Moa, while watching Babe) Human beings, who are almost unique in having the ability
to learn from the experience of others, are also remarkable
for their apparent disinclination to do so. (Douglas Adams)Arbetsgivaravgift is a company tax, not an employee tax. :) So, you don't live in a cardboard box in the middle of the road, eating nothing but dirt for breakfast, lunch and dinner ;) FYI: my effective tax for 320+k was 37.5% in taxes. But I have a home-pc deal on it, so I got tax deductions because of it. I figure I had paid perhaps 40% without it. -- Gott weiß ich will kein Engel sein.
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Thank you ... I feel much better now. :-) Normally I dont complain about my income tax, but recently I inherited some money and the tax on that really surprised me. The federal goverment got 48% via inheritance tax, the state got 13% via it's inheritance tax, and since the money was from a pre-tax profit sharing account I still have to pay about 30% income tax .. which is a total of 91% .. leaving me with 9% of what I thought I inherited ... gee, I wish my parents had just spent it while they were alive that way at least they could have gotten some enjoyment out of it.
:omg: Holy crap! Heh, and people complain about inheritance tax here in Sweden. (To the point that it's being removed in the near future IIRC) Sorry about the 91% loss. :rose: -- Gott weiß ich will kein Engel sein.
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True. I heard tax in Europe is even higher. Know anything about it in particular? Norman Fung
There is no single tax in Europe. There are as many tax systems in Europe as there are countries. Some systems are simpler than others. Also, I think it's more interesting to compare living expenses rather than taxes. I.e., how much money do you still have in your wallet/on your account when everything has been paid for. -- Gott weiß ich will kein Engel sein.
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Who said anything about paying? I just owe them.:-D Heard in Bullhead City - "You haven't lost your girl -
you've just lost your turn..." [sigh] So true...:-D I know what you mean. I just calculated my taxes for this year and it looks like I'll get a $1600 refund. Which means the IRS will keep the $1200 I owe them from last year, and probably tack on some penalties and figure out a way so that I get $0.50 back.
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i just filed my tax return...i earned $24,297(wonder how i survive(in the state of New Jersey), huh?). i payed $4,408 in taxes. my refund $1,700. are my paying too much taxes? It's a sh*tty world. Take advantage of whomever,whenever,whereever. And oh.. becarefull what you say to me,am too sensitive.Or i might just show up at your house.i retract the latter,am trying to be a better person.
If I were to guess by looking at your numbers, I would say that you only worked part of the year. Is that true? ------------------------------------------ Law of Nazi Analogies: As an online discussion grows longer, the probability of a comparison involving Nazis or Hitler approaches one. In any debate, Hitler's opinion on the subject is automatically the evil one, so it had better be contrary to the side you're arguing.
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i just filed my tax return...i earned $24,297(wonder how i survive(in the state of New Jersey), huh?). i payed $4,408 in taxes. my refund $1,700. are my paying too much taxes? It's a sh*tty world. Take advantage of whomever,whenever,whereever. And oh.. becarefull what you say to me,am too sensitive.Or i might just show up at your house.i retract the latter,am trying to be a better person.
mystro_AKA_kokie wrote: are my paying too much taxes? Yes, about $1,700 too much.
A rich person is not the one who has the most, but the one that needs the least.
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mystro_AKA_kokie wrote: are my paying too much taxes? Yes, about $1,700 too much.
A rich person is not the one who has the most, but the one that needs the least.
Someone had to say it. :)
David Wulff The Royal Woofle Museum
Putting the laughter back into slaughter
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If I were to guess by looking at your numbers, I would say that you only worked part of the year. Is that true? ------------------------------------------ Law of Nazi Analogies: As an online discussion grows longer, the probability of a comparison involving Nazis or Hitler approaches one. In any debate, Hitler's opinion on the subject is automatically the evil one, so it had better be contrary to the side you're arguing.
Brit wrote:If I were to guess by looking at your numbers, I would say that you only worked part of the year. Is that true? if u only knew.:) i worked 37hours a week 52weeks a year, answering an average of 70 telephone calls a day. my jaw will soon give up on me.:):) It's a sh*tty world. Take advantage of whomever,whenever,whereever. And oh.. becarefull what you say to me,am too sensitive.Or i might just show up at your house.i retract the latter,am trying to be a better person.