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Xrak
Black Eclipse Corp Band of Brothers
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Posted - 2008.01.19 00:46:00 -
[31]
Originally by: Kiviar Edited by: Kiviar on 18/01/2008 22:19:35 Does being a lover, and a fighter count as two jobs?
This won the thread tbh, nevermind all you number lovers.
Sig stolen from Tekka. Evemail him for details about free sigs. <3 |

Sister Impotentata
Elite Angels Of Death
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Posted - 2008.01.19 00:48:00 -
[32]
Well I'm a smoker, a toker, and a midnight joker.  ----- TANSTAAFL
Originally by: Professor Falken What you see here on these screens is a fantasy, a computer-enhanced hallucination! Those blips are not real missiles, they're phantoms!
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Shalia Ripper
Caldari Caldari Provisions
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Posted - 2008.01.19 01:08:00 -
[33]
I did my taxes last night, so these figures are fresh in my head.
A rough estimate of my federal withholding is 18%. Of that 18%, I get 5% back (of the 18%).
Of course, this does not take into account some of the highest tobacco taxes in the nation that I pay weekly, the 8% sales tax on items purchased, or gas taxes.
There is no state income tax where I live.
And yes to the comment earlier about Oregon, they have no sales tax still.
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Imperator Jora'h
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Posted - 2008.01.19 02:38:00 -
[34]
Originally by: Ademaro Imre
Originally by: Dark Shikari
Originally by: Ademaro Imre They classified your one paycheck as though you got that amount every week when they should have classified that payment an an annual amount. Lazy human resources employee. That was probably illegal also.
When you do your taxes - you will basically get it all back.
"They" are a government agency.
Yeah - but its still a human resources employee that enters your data into their computers. They did it wrong plan and simple.
I'm not so sure. Some years ago when I had a job that paid bonuses I was eagerly looking forward to the windfall and was shocked at the withheld taxes. I ran to my HR person and they said they had to withhold as if that was a regularly occurring check (like I got paid that every two weeks). They were firm and unapologetic about it (my guess is they get a few like me every year).
It sorts itself all out when you do your returns but still...seems like SOP to me (note this was a multinational corporation and they used ADP for payroll which is to say they were very aware of their responsibilities and laws and were scrupulous about it).
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Wendat Huron
Stellar Solutions
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Posted - 2008.01.19 02:40:00 -
[35]
2nd job is fail, get in the breadline proletarian!
These forums are FUBAR, upgrade this decade! |

Tecknoblaze
An Eye For An Eye Rule of Three
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Posted - 2008.01.19 07:53:00 -
[36]
Edited by: Tecknoblaze on 19/01/2008 07:53:40
Originally by: Sister Impotentata Both last year and this year, I will get $50 back from the IRS for my personal taxes, as a "thanks for filing, sorry you don't have anything we can tax you on" compensation. My business doesn't get the fifty boogs, but it won't be paying anything either. It's all in how you structure things, and account for your spending.
The IRS wants tax on: 1) any cash on hand 2) any money you spend on booze, butts; or cash spent on "other" stuff for which you cannot provide a reciept. 3) basically any money you don't put "back into the system."
So long as, by the end of the year, you've spent all your money on things needed for living, or things needed for business, you don't owe Uncle Sam squat.
This is the way I understand it as well. However, how would investments play into the tax game? I am a student as well and have an upcoming internship this summer. The company offers a private bond to its employees (that being me). If I were to immediately invest my earnings into some sort of cyclic investment (so I don't receive any of the cash to hand, staying in the "system") could I possibly attribute that to business related? ------------------------------------ You are now reading an important message. |

Kirjava
Lothian Quay Industries Zzz
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Posted - 2008.01.19 08:30:00 -
[37]
Edited by: Kirjava on 19/01/2008 08:30:48 Not realy following with the multiple taxes, but for a fair comparison you should include the money you have to pay for "health insurance" into your taxes. This is a free state provided service to the people in every country bar the US so this should be accounted for. Taxes are higher but we are better off as a nation for it, we all throw money in the pot and some people never use it but it is allways there should it be needed. If nothing else - there aren't any massive companies taking every penny they can out of consumers.
~Nyron
Originally by: Minerva Vulcan But poor victimized Ulf...I weep lavender scented tears for you.
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BalZ
Gallente topSTUFFed Productions Inc
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Posted - 2008.01.19 08:35:00 -
[38]
Edited by: BalZ on 19/01/2008 08:35:35
Originally by: Imperator Jora'h In Denmark the lowest tax rate is 42%
not quite true..
from wikipedia: "The Danish welfare model is accompanied by a taxation system that is both broad based (25% VAT and excise) and with high income tax rates (minimum tax rate for adults is 39.6%)."
 ________
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Imperator Jora'h
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Posted - 2008.01.19 13:11:00 -
[39]
Originally by: Tecknoblaze This is the way I understand it as well. However, how would investments play into the tax game? I am a student as well and have an upcoming internship this summer. The company offers a private bond to its employees (that being me). If I were to immediately invest my earnings into some sort of cyclic investment (so I don't receive any of the cash to hand, staying in the "system") could I possibly attribute that to business related?
If the investment is via a 401K through the company then it is before taxes. Say you make $50,000/year and you invest $10,000/year into your 401K. The government will tax you on $40,000 for that year. However, you do pay taxes on it when you take the money out of your 401K. There are often options to take it out in bits and only pay taxes on the bits you take out but if you takes it out all at once when you (say) retire the government will tax you on the whole lot.
If this is not part of a 401K then you have to report the bond on your taxes. Say the bond is qorth $100 then you pay taxes on your salary plus that $100. When you cash the bond sometime in the future you will pay a Capital Gains Tax on the difference between $100 and whatever it sold for (although if you use the money to immediately reinvest then no taxes...you only pay taxes when you realize the profit).
If you lose money on your investments I *think* you can write that off as a loss to decrease your taxes. Not 100% sure about that.
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Shinnen
Caldari Northern Intelligence The Reckoning.
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Posted - 2008.01.19 15:12:00 -
[40]
Might I remind everyone it differs by states. For example, NH has no income or sales tax.
-- Banned since 2005, back by popular demand! They said it wouldn't happen!! |

Ademaro Imre
Caldari
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Posted - 2008.01.19 17:00:00 -
[41]
Originally by: Shinnen Might I remind everyone it differs by states. For example, NH has no income or sales tax.
But doesn't NH already have the highest property taxes int he nation? And new adjustment to property taxes if you have a scenic view - they add a tax for that now. Or they tried too. |

Kata Dakini
An Eye For An Eye Rule of Three
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Posted - 2008.01.19 19:27:00 -
[42]
Originally by: Kirjava Edited by: Kirjava on 19/01/2008 08:30:48 Not realy following with the multiple taxes, but for a fair comparison you should include the money you have to pay for "health insurance" into your taxes. This is a free state provided service to the people in every country bar the US so this should be accounted for. Taxes are higher but we are better off as a nation for it, we all throw money in the pot and some people never use it but it is allways there should it be needed. If nothing else - there aren't any massive companies taking every penny they can out of consumers.
It's not free if you're paying for it. The only "free" health insurance out there, is the kind I have.
None.
I would much less happy if I had to throw an additional 20-25% of my paycheck to health insurance. Screw that.
For more enjoyment and greater efficiency, consumption is being standardized.
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Imperator Jora'h
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Posted - 2008.01.19 20:00:00 -
[43]
Originally by: Kata Dakini I would much less happy if I had to throw an additional 20-25% of my paycheck to health insurance. Screw that.
No one likes doing it but if you get sick believe me...no insurance and you are screwed. Unless you are spectacularly wealthy (my dad, before he died, got a total of $1 million in medical bills...not too hard to do). Without insurance he would have passed on much sooner.
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Zeonos
Amarr Fairtrade Syndicate
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Posted - 2008.01.19 21:10:00 -
[44]
well 40% tax ain't bad. we danes pay that. and we are the happiest country in the world. and normally we only have one job :) we even get paid to study! (after 10th grade of cause)
Look I Hijacked a sig!! -Kaemonn <3 Kaemonn -Zeonos A sunset with Kaemonn... how nice... -Wachtmeister In Eve-Online Forum Hijack Signature! -Ivan K This space is reserved for moderator hijacking, Need more colors! Red & Yellow & Pink & Green, Orange & Purple & ME! - Deckard My yellow pwns Deckard's fruity rainbow thingie anyday. BRING IT BABY! -Hango Black and pink 4tw however gold pwns -Eldo
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Kirjava
Lothian Quay Industries Zzz
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Posted - 2008.01.19 21:50:00 -
[45]
Originally by: Kata Dakini
Originally by: Kirjava Edited by: Kirjava on 19/01/2008 08:30:48 Not realy following with the multiple taxes, but for a fair comparison you should include the money you have to pay for "health insurance" into your taxes. This is a free state provided service to the people in every country bar the US so this should be accounted for. Taxes are higher but we are better off as a nation for it, we all throw money in the pot and some people never use it but it is allways there should it be needed. If nothing else - there aren't any massive companies taking every penny they can out of consumers.
It's not free if you're paying for it. The only "free" health insurance out there, is the kind I have.
None.
I would much less happy if I had to throw an additional 20-25% of my paycheck to health insurance. Screw that.
You know what I mean, don't dodge the issue. I pay through taxes money that supports schooling, military and the health industry. Point is, what % of your money is spent on health insurance, if you have none in America and you get ill - you are ****** right? Even homeless here get medical treatment, they are British so are entitled to it.
~Nyron
Originally by: Minerva Vulcan But poor victimized Ulf...I weep lavender scented tears for you.
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Benny Hill
Caldari Deceased Inc
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Posted - 2008.01.20 02:36:00 -
[46]
Originally by: Kirjava
You know what I mean, don't dodge the issue. I pay through taxes money that supports schooling, military and the health industry. Point is, what % of your money is spent on health insurance, if you have none in America and you get ill - you are ****** right? Even homeless here get medical treatment, they are British so are entitled to it.
This issue is hammered in the forums week after week. Poor and elderly people get free medical care in the US. In fact, tens of thousands of foreigners get free health care in the US for the mere fact of stepping on the soil.
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Dark Shikari
Caldari Sharks With Frickin' Laser Beams Mercenary Coalition
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Posted - 2008.01.20 03:05:00 -
[47]
Edited by: Dark Shikari on 20/01/2008 03:04:54
Originally by: Benny Hill This issue is hammered in the forums week after week. Poor and elderly people get free medical care in the US. In fact, tens of thousands of foreigners get free health care in the US for the mere fact of stepping on the soil.
Except that the United States (whole country, not just the government) spends twice as much per capita on health care than any other Western country, yet life expectancy is one of the worst of all Western countries.
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Sister Impotentata
Elite Angels Of Death
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Posted - 2008.01.20 03:29:00 -
[48]
Originally by: Kirjava Point is, what % of your money is spent on health insurance, if you have none in America and you get ill - you are ****** right? Even homeless here get medical treatment, they are British so are entitled to it.
In the Commonwealth of Massachusetts we are just this year required by law to have some form of medical insurance. Which is not as harsh and overbearing as it seems upon first reading. Either you're a wage slave of a corporation that provides some form of group coverage (for usually a very reasonable sum, I paid a couple percent of gross when I was a slave, including dental, disability, and death benefit), or you're working for a small business/yourself and paying as much as 25% of gross for small-group coverage, or you're structuring your accounting properly/just plain poor therefore qualifying for State subsidized care.
State subsidized, where I am currently managing to position myself, is very good in this country. Since health care here in the US is still pretty much free-market, the doctors submitting bills to the State know they're going to get better payouts than they'll get from HMOs. ----- TANSTAAFL
Originally by: Professor Falken What you see here on these screens is a fantasy, a computer-enhanced hallucination! Those blips are not real missiles, they're phantoms!
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Kata Dakini
An Eye For An Eye Rule of Three
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Posted - 2008.01.20 03:41:00 -
[49]
Originally by: Kirjava
You know what I mean, don't dodge the issue. I pay through taxes money that supports schooling, military and the health industry. Point is, what % of your money is spent on health insurance, if you have none in America and you get ill - you are ****** right? Even homeless here get medical treatment, they are British so are entitled to it.
Yeah sure, I'd probably be screwed, but shouldn't that be my choice? Let me keep my money to do as I see fit.
For more enjoyment and greater efficiency, consumption is being standardized.
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Darkrydar
Destructive Influence Band of Brothers
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Posted - 2008.01.20 05:12:00 -
[50]
Originally by: Benny Hill
Originally by: Kirjava
You know what I mean, don't dodge the issue. I pay through taxes money that supports schooling, military and the health industry. Point is, what % of your money is spent on health insurance, if you have none in America and you get ill - you are ****** right? Even homeless here get medical treatment, they are British so are entitled to it.
This issue is hammered in the forums week after week. Poor and elderly people get free medical care in the US. In fact, tens of thousands of foreigners get free health care in the US for the mere fact of stepping on the soil.
Try turning off libaugh or slanity and try getting your own info for once. You'd be suprised what you find.
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Tarquin Tarquinius
Gallente Escorts of Eve HUNTER'S BROTHERHOOD
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Posted - 2008.01.20 05:27:00 -
[51]
The only person I know who works two jobs is my brother and he's a cop. He works security during the day and does police stuff at night. The security work pays a lot more too. ------ Any factual errors or mistakes in spelling and grammar should be attributed solely to me and not my nation of origin. |

Indigolent
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Posted - 2008.01.20 09:02:00 -
[52]
I just watched an episode of the american office and the receptionist girl said she got 10 ***s of holiday a year. Everyone I was with gasped at how little that is. Is this the norm in american employment?
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Mr Funkadelic
Tenacious Danes Ka-Tet
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Posted - 2008.01.20 11:40:00 -
[53]
Paying 60% tax here and 25% vat O_o I win at crappy tax
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Max Godsnottlingson
Amarr Freelancing Corp Confederation of Independent Corporations
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Posted - 2008.01.20 12:01:00 -
[54]
Edited by: Max Godsnottlingson on 20/01/2008 12:02:28
Originally by: Imperator Jora'h
Well...may sound extreme for Americans but such rates are far from uncommon. In Denmark the lowest tax rate is 42% and goes up to 68%. Oddly they are also supposedly the happiest people on the planet.
But is not that balanced out by the fact that the Danes are generally paid a much higher wage? So the end result is that they tend to average about the same as most of the rest of the European Union countries after tax.
My ex is a Dane, and both my son and daughter live and work there. My daughter recently considered a job in the UK. One of the things that put her off was that, due to some obscure EU rulings, she would have been paid a much lower wage in the UK, but would have still had to pay tax to the Danish Government for the first six month, at the Danish tax rate too.
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Amarria Black
Clan Anthraxx
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Posted - 2008.01.20 12:14:00 -
[55]
Originally by: Indigolent I just watched an episode of the american office and the receptionist girl said she got 10 days of holiday a year. Everyone I was with gasped at how little that is. Is this the norm in american employment?
I'm full time in a low to middle management position. I get a week of paid vacation a year, which was used last year so that I could attend my mother-in-law's funeral. (One helluva vacation...) That said, I can usually take whatever unpaid days off I'd like, so long as shifts are covered. I'd say I average around 2-3 weeks of total "vacation" time a year, tops, and at least a week of that is weddings and funerals.
Originally by: Frug Your reputation has been entirely redeemed in my eyes. I now want your babies.
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Lance Hawke
Beyond Divinity Inc
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Posted - 2008.01.22 20:27:00 -
[56]
tbfh i'd rather pay a bit more tax than fill in all these *******s forms you're all talking about. lofty29 likes boys |

Micheal Dietrich
Caldari The Delta Source Dread Sovereign
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Posted - 2008.01.22 20:35:00 -
[57]
Originally by: Indigolent I just watched an episode of the american office and the receptionist girl said she got 10 ***s of holiday a year. Everyone I was with gasped at how little that is. Is this the norm in american employment?
10 ***s of holiday? I know those guys like to celebrate and party but should we really be passing them out like that?
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Sister Impotentata
Elite Angels Of Death
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Posted - 2008.01.22 20:37:00 -
[58]
Originally by: Indigolent I just watched an episode of the american office and the receptionist girl said she got 10 ***s of holiday a year. Everyone I was with gasped at how little that is. Is this the norm in american employment?
Nah. A typical entry-level package would have something like two weeks paid vacation (which you can often take in short chunks if you like), three to ten "personal days" ("hey guys I'm not coming in today. Not sick, but I've got some personal business to attend to"), and on major holidays the option of working for time-and-a-half or more; or not working and taking a half day's pay.
A lot of this is being consolidated into one pool of "personal time" though. When I was last a wage slave, I was entitled to four weeks vacay (increases with seniority). But instead of vacation + personal time, reset at the beginning of each year, I earned something like five and a half hours a week of vacation + personal time. Meaning I could take a vacation every other month, or a personal day just about every week if I wanted to. ----- TANSTAAFL
Originally by: Professor Falken What you see here on these screens is a fantasy, a computer-enhanced hallucination! Those blips are not real missiles, they're phantoms!
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Keorythe
Caldari Terra Rosa Militia Sev3rance
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Posted - 2008.01.23 01:30:00 -
[59]
Holiday time is based on your employer. Some places have it re-occurring some have it set. I knew one guy who was told to take a vacation or leave his job because he had over a month of vacation accumulated. At an old job of mine I was given 1 week worth of vacation time but no holidays since we had to work. So yes its dependent on the job. An entry level anything might not get that much until they have accumulated time at a job.
To one of the other posters. Our underpriviledged get stuff that would blow your mind. Free food, housing, free medical care, and other little goodies. Unfortunately they often dont understand how to get this stuff or had it and seriously screwed up that opportunity. Sadly I have to work with many of those people and its a darn shame how dumb some of them are giving up a free ride like that. Heck in Houston they are pushing to get the "low income" people free broadband (to match their free central A/C houses). This is all coming from a state that has no state tax yet still has a low over all tax rate per person.
The problem with many Euro nations having high taxation is their rate of unemployment. Their social services gobble up money faster than a hummer does gasoline. And yet its not enough. Britain, Canada, and other social service heavy nations are fighting an uphill battle trying to cope with the issue of rising costs and the amount of money generated isn't enough (Britain being one of the exceptions).
For some single income families its a necessity but for people who often have two jobs in the US they have them to live a particular lifestyle. Its very easy to budget money and get by but thats not enough for many. Police I know can work up to 80hrs a week by working security while off duty. Of course one of them managed to make over 100k one year. I asked one who had a nice fishing boat how often he took out his $50,000 boat. He said at least 3 times a year but he was always busy working. I lolz.
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Shameless Avenger
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Posted - 2008.01.23 02:22:00 -
[60]
It really depends on your US Postal Zip Code. For example, if you live in the 00923 zip code, you won't pay any federal taxes... none at all, zero!
Wuahaha!  |
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