Current Events > This is bullshit, I owe money on my taxes.

(+) Yeah! (+)

Made 87 and change from working 2 jobs, they took 12 and change combined and now I owe like 40 bucks. But I'm getting 93 from the state so I'm up a whopping 50 bucks.

This sucks, my returns used to be 4 digits...

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i would gladly give 40 bucks to make 87 last year

the pandemic turbo roasted my income

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Literally nobody on this planet will feel sorry for you about this.

If anything, it's a hell of a lot better than giving the IRS an interest-free loan over the past year.

this thread just sounds exceptionally childish and uninformed

i'm guessing op is trolling

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Sackgurl posted...

this thread just sounds exceptionally childish and uninformed

i'm guessing op is trolling

Nah I'm dead serious lol. Had I not killed myself working 2 jobs 70 hours a week for the most part I could've saved myself hours of exhaustion every week for months, worked more at the job that paid more, and came out ahead financially because of it.

I worked 2 jobs for no goddamn reason. Is what I'm saying. I could've just came in on my day off once a week instead of sacrificing hours there to go to the second job that paid half as much 5 days a week and been better off.

CommunismFTW posted...

i would gladly give 40 bucks to make 87 last year

the pandemic turbo roasted my income

Sackgurl posted...

this thread just sounds exceptionally childish and uninformed

i'm guessing op is trolling

I have been working 50-70+ hours a week since December of 2019. I haven't been working from home or sitting in a damn office.



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You should be absolutely delighted if you got that close to hitting $0, I don't understand the problem. you were able to keep your dollars and maximize them if you wanted instead of the government making interest.

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Trolling or doesn't know how taxes work.

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Makeveli_lives posted...

Nah I'm dead serious lol. Had I not killed myself working 2 jobs 70 hours a week for the most part I could've saved myself hours of exhaustion every week for months, worked more at the job that paid more, and came out ahead financially because of it.

I worked 2 jobs for no goddamn reason. Is what I'm saying. I could've just came in on my day off once a week instead of sacrificing hours there to go to the second job that paid half as much 5 days a week and been better off.

Why would you have been out ahead by making less money? I'm confused
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I owe like 1200 lmao
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Is that 12 grand in taxes just federal taxes? It sounds kinda low if it's both Federal and social security, etc
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damn the government where money'd us

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So you're complaining you had the correct amount withheld?

Idgi

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emblem boy posted...

Why would you have been out ahead by making less money? I'm confused

I've been working 50-70+ hours since December of 2019. I could've cut that by at least 15 hours a week, every week, for a year and only lost a hundred bucks a week. That means coming in fully rested and non stressed and all that for a year straight. I'm saying the time investment and sacrifices I made to maintain the second job were fucking worthless

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Makeveli_lives posted...

emblem boy posted...

Why would you have been out ahead by making less money? I'm confused

I've been working 50-70+ hours since December of 2019. I could've cut that by at least 15 hours a week, every week, for a year and only lost a hundred bucks a week. That means coming in fully rested and non stressed and all that for a year straight. I'm saying the time investment and sacrifices I made to maintain the second job were fucking worthless

Because of the taxes?
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Tax return = the paperwork you submit to report your tax situation to the government each year.
Tax refund = the money you get back from the government if it is calculated that too much money was withheld from your paycheck over the course of the year.

Having a big tax refund is not necessarily a good thing. Not... a bad thing, either, but it *is* ultimately your money that you could have already had in your bank account before claiming it the following year. As they say, "interest-free loan to the government"

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Makeveli_lives posted...

I've been working 50-70+ hours since December of 2019. I could've cut that by at least 15 hours a week, every week, for a year and only lost a hundred bucks a week. That means coming in fully rested and non stressed and all that for a year straight. I'm saying the time investment and sacrifices I made to maintain the second job were fucking worthless

So you made$100 from working 15 hours? That's your own fault you didn't stop working those hours

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Makeveli_lives posted...

Made 87 and change from working 2 jobs, they took 12 and change combined and now I owe like 40 bucks. But I'm getting 93 from the state so I'm up a whopping 50 bucks.

This sucks, my returns used to be 4 digits...

Mail them a paper check and poke your ass doing it. Tell them they'll receive it in 9-12 weeks. And if they don't, to call you and it'll be another 9-12 weeks at that point.

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That means you didn't give the government an interest free loan. Fuck yeah.

You shouldn't be upset. You had more spending power throughout the year then if you had paid too much in taxes.
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harley2280 posted...

That means you didn't give the government an interest free loan. Fuck yeah.

You shouldn't be upset. You had more spending power throughout the year then if you had paid too much in taxes.

I'm not upset about the money. I'm upset about the time put into a second job that paid less, sacrificing hours at the primary job that paid more. Had I not had it, I still would have made more and got a bigger return because of it

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Makeveli_lives posted...

and came out ahead financially because of it.

that's not how taxes work at all
Makeveli_lives posted...

and got a bigger return because of it

that's not how taxes work at all

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Makeveli_lives posted...

harley2280 posted...

That means you didn't give the government an interest free loan. Fuck yeah.

You shouldn't be upset. You had more spending power throughout the year then if you had paid too much in taxes.

I'm not upset about the money. I'm upset about the time put into a second job that paid less, sacrificing hours at the primary job that paid more. Had I not had it, I still would have made more and got a bigger return because of it

That's absurd and makes me believe you don't understand how income taxes work.

You didn't make less. If you go into a higher tax bracket you don't pay that much on all of your income only the amount over it.

For example say you normally make 40K. The first 10K you make is taxes at like 12% then the next 30K you make is taxed at 22%.

So this year with an extra job you made 20K more than normal. However the 24% bracket starts at 58K.

10K would be taxed at 12%
48K at 22%
And the remaining 2K would be taxed at 24%.

You still come out ahead because you made 20K more than you would without a job. Just part of that 20K was taxed a little more.

Those aren't the actual brackets used, but that's how tax brackets work.
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harley2280 posted...

That's absurd and makes me believe you don't understand how income taxes work.

You didn't make less. If you go into a higher tax bracket you don't pay that much on all of your income only the amount over it.

For example say you normally make 40K. The first 10K you make is taxes at like 12% then the next 30K you make is taxed at 22%.

So this year with an extra job you made 20K more than normal. However the 24% bracket starts at 58K.

10K would be taxed at 12%
48K at 22%
And the remaining 2K would be taxed at 24%.

You still come out ahead because you made 20K more than you would without a job. Just part of that 20K was taxed a little more.

Those aren't the actual brackets used, but that's how tax brackets work.

How many times I got to clarify I'm not talking about the money, I'm talking about the fact that I maintained my second job which paid a third as much by sacrificing hours at my primary job which paid more.

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Sorry for your inability to do 2nd grade math TC.

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I'm going to owe like 5 grand in taxes this year RIP. Interest on that I think is prime + 1.x%.

"We can't go after the tax cheats though, because admittedly we don't have the talent" -- Literally what the CRA has stated (Canadian version of IRS).

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Okay just reading TC's posts, I'm pretty damn sure he's just trolling.

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Makeveli_lives posted...

How many times I got to clarify I'm not talking about the money, I'm talking about the fact that I maintained my second job which paid a third as much by sacrificing hours at my primary job which paid more.

Well that's just a stupid thing to do in the first place.
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dolomedes posted...

well, why'd you do that?

I quit once I got full time at the primary. First time in 4 years they hired for it. Wasn't expecting the pandemic hours to last as long as they have and I was trying to think long term. As in it wouldn't be worth quitting the second job now that it's difficult just to need it again in a few months when I'd only been there for like 2.

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That has nothing to do with taxes at all lmao

If one job is working at a super secret chemical laboratory making $50 an hour and one job is working at Wendy's for $8 an hour and you work more at Wendy's than you do at the chemical laboratory then of course you're going to make less money.

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I owed $2. I feel you TC.

I had to spend $20 to efile that $2

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I didnt work at all and made $23,000 in unemployment and still came out with $5,669 return lol.

Work your ass off now and save the money bro. Youll thank yourself later

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