Current Events > Rember how you felt as a New Adult with a your 1st Paycheck an Year Taxes?

(+) Yeah! (+)

Holy shit worst realization of the real world in my life.

Wow I worked like a slave this year and managed to make some decent money for the first time in my life.
Then you lose like 1/3rd of it on taxes.

damn yo I still remember the feeling of living in a cruel world like my money was just stolen and all my hard work was insignificant.
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My first paycheck was like 200 bucks because in boot camp they charge you for all your uniforms and stuff xd.

And my first year doing taxes the IRS didn't accept my return because my personal information and social security number didn't match, which I thought was funny because I was already in the military for like a year. Leave it to the IRS to catch stuff like that.
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AwesomeOSauce posted...

Hermiione / Aeriis says my name and says I'm cute! ^_^

so jealous!

I paid more in taxes this year as an attending than my entire yearly income as a resident.

Really helps me pay off my loans /sarcasm
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DarkRoast posted...

I paid more in taxes this year as an attending than my entire yearly income as a resident.

Really helps me pay off my loans /sarcasm

Yep we all know that feel
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My 1st paycheck was $25

I was so mad
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I paid more in taxes this year as an attending than my entire yearly income as a resident.

Pretty much the same here, but my taxes are short a couple thousand. Of course, here in MD, there's also a county tax levied in addition to the state tax based on your zip code.
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I'm paying 5000 in taxes this year, and I made 22000 this year
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Perascamin posted...

I'm paying 5000 in taxes this year, and I made 22000 this year

how the eff
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How good it will feel to get a check where you no longer have to worry about taxes being a thing.

But unfortunately, this isn't a fair world.
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That was pretty much how I felt when I got my first paycheck at 15.

"What the fuck is Medicare even doing that they need this much of my money? Why can't I use Medicare if I'm fucking paying for it?"

In that order.
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my first paycheck was 600, and taxes took a full 100 off that.

I felt the pain of the real world.
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Guide posted...

my first paycheck was 600, and taxes took a full 100 off that.

I felt the pain of the real world.

also wtf

What state/country do you live in that they even take taxes over 600 bucks
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Who gives a shit.

Like yeah you loses money from taxes but that's a fact of life, it's not like someone robbed you, the money was never yours to begin with

Hexenherz posted...

Guide posted...

my first paycheck was 600, and taxes took a full 100 off that.

I felt the pain of the real world.

also wtf

What state/country do you live in that they even take taxes over 600 bucks

New Jersey. Our tax rates were worse then, although they're still bad now.
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Unfortunately the only 2 guaranteed things in life are death or taxes
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Meh, it wasn't that big of a deal to me. I don't remember how I felt reading my paystub.
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No, I didn't feel anything like that
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ReDaZnDraGoN97 posted...

Unfortunately the only 2 guaranteed things in life are death or taxes

I found out how to cheat one of them.
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Kombucha posted...

ReDaZnDraGoN97 posted...

Unfortunately the only 2 guaranteed things in life are death or taxes

I found out how to cheat one of them.

BRB reporting you to God
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Tyranthraxus posted...

Kombucha posted...

ReDaZnDraGoN97 posted...

Unfortunately the only 2 guaranteed things in life are death or taxes

I found out how to cheat one of them.

BRB reporting you to God

Noooooo!
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Kombucha posted...

Tyranthraxus posted...

Kombucha posted...

ReDaZnDraGoN97 posted...

Unfortunately the only 2 guaranteed things in life are death or taxes

I found out how to cheat one of them.

BRB reporting you to God

Noooooo!

Just pull a Wesley Snipes except don't get caught.
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This is why you claim you have dependants so you don't pay as much in taxes.

Common sense.

Nah I realized how everyone around me was contributing to the world I lived in while I mooched for 18 years.
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I've never understood this idea. Maybe when you're working entry level retail or something as a teenager, I could understand counting up how many hours it would take for you to buy *insert thing*, but when you get a real, adult job aren't you familiar enough with the idea of taxes that it doesn't come as a surprise to you?
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Part of it goes to your retirement money. To be able to live in a civilization.

I get taken off around 22-23% of my paycheck and while its not something I like, I feel better knowing that my family has a good health insurance. That it goes towards my child's and other kids education.

The problem I do have is how wasteful the government can be. How they can have outrageous salaries and have blank checks for military contractors. Also how medicine is so expensive and thus the reason why medicare/aid is such a huge chunk of the budget.
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NameMeWhatever posted...

This is why you claim you have dependants so you don't pay as much in taxes.

Common sense.

Not quite how it works >_>
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I just started working a few months ago, and the most I've gotten taken off of my paycheck is about $40. It was a $300 check.
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I was pretty happy with my 40k salary right out of college (I know 40k isn't great, but for my field, it's good for a 1st year). But only getting $1100 bi-weekly was a bit of a bummer for how much I'm paying in student loans per month.
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It didn't bother me. I already knew taxes exist, and know why it's needed
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Hexenherz posted...

NameMeWhatever posted...

This is why you claim you have dependants so you don't pay as much in taxes.

Common sense.

Not quite how it works >_>

That is actually literally how it works.

pay a shitload in taxes so the government can function

government shuts down anyway
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is it better to owe money at the end of the tax year or get money returned
cus if you owe it, then you kept more throughout the year, but if you get money returned then you paid more from each check than needed

which is better
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I'm proud to do my part and pay 1/3rd of my income in taxes, but it pisses me the fuck off when some NEET spouts "you need to pay your fair share". Bitch, I pay my taxes unlike your mooching ass.
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Space_Man posted...

is it better to owe money at the end of the tax year or get money returned
cus if you owe it, then you kept more throughout the year, but if you get money returned then you paid more from each check than needed

which is better

I prefer refunds because if you owe more and you don't have it, you have a problem.
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I have never been bothered by the taxes. Federal taxes aren't a big deal regardless of your income level and state/local taxes are things you have a better say in through voting and choosing where to live.
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Space_Man posted...

is it better to owe money at the end of the tax year or get money returned
cus if you owe it, then you kept more throughout the year, but if you get money returned then you paid more from each check than needed

which is better

It's more work (and you have to be disciplined and realize you're going to have an enormous tax bill every spring) but if you don't have any taxes taken directly from your paycheck you can instead put that money into treasury bills or even a high interest savings account and earn a fair amount of interest on it. By having it taken directly from your paycheck you are effectively giving the government an interest free loan.
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NameMeWhatever posted...

Hexenherz posted...

NameMeWhatever posted...

This is why you claim you have dependants so you don't pay as much in taxes.

Common sense.

Not quite how it works >_>

That is actually literally how it works.

No...

The taxes you "pay" from each paycheck is an approximate amount based on information you provide to your employer, but it's not an actual reflection of how much you have to pay or are owed when you actually have to file your tax return.
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Thanks for the bag, boomers.
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Taxation is theft
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uwnim posted...

I have never been bothered by the taxes. Federal taxes aren't a big deal regardless of your income level and state/local taxes are things you have a better say in through voting and choosing where to live.

lol now thats just funny
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First paycheck? Not really since it was pure disposable income.

AwesomeOSauce posted...

uwnim posted...

I have never been bothered by the taxes. Federal taxes aren't a big deal regardless of your income level and state/local taxes are things you have a better say in through voting and choosing where to live.

lol now thats just funny

It is completely true.
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Relevant because people are talking about Social Security. It's worse than a Ponzi Scheme.

https://www.youtube.com/watch?v=O_KJ0HXu7D0" data-time="
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