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Hogie
working. Someone buy me a winning lotto ticket please!
patriotcow
Wish I could win the lottery, only just started doing it.
eddy2099
Tell me about it.. icon_cry.gif
Hogie
Feb 1 - Feb 15 was one pay period for me. 89 hours were "normal" time for that pay period. I had 131 hours. So much overtime I got pushed into another pay bracket and lost money:(

Since the 15th, Ive been working 10 - 14 hour days still, so I am afraid of the same thing happening.
Guspaz
The way it works here in Canada is that any income that is into the next income bracket is taxed at the higher tax rate, but the stuff in previous brackets is taxed in that bracket. Is that not the way it works elsewhere?

If you were in Canada, far as I can tell, you wouldn't lose money, you would just pay more tax on the extra money. But you don't pay more tax on ALL the money, just the amount into the next income bracket.
DeadEye686
QUOTE (Guspaz)
The way it works here in Canada is that any income that is into the next income bracket is taxed at the higher tax rate, but the stuff in previous brackets is taxed in that bracket. Is that not the way it works elsewhere?

If you were in Canada, far as I can tell, you wouldn't lose money, you would just pay more tax on the extra money. But you don't pay more tax on ALL the money, just the amount into the next income bracket.


thats how it works in the states
Mr.Smith
QUOTE (Hogie)
Feb 1 - Feb 15 was one pay period for me.  89 hours were "normal" time for that pay period.  I had 131 hours.  So much overtime I got pushed into another pay bracket and lost money:(

Since the 15th, Ive been working 10 - 14 hour days still, so I am afraid of the same thing happening.



Solution: Rent a server form server matrix, start a business with it and next year write it off on you taxes to lower your tax liability so that you can get the extra money they took out of your check this past week!
Sublime
QUOTE (Mr.Smith)
QUOTE (Hogie)
Feb 1 - Feb 15 was one pay period for me.  89 hours were "normal" time for that pay period.  I had 131 hours.  So much overtime I got pushed into another pay bracket and lost money:(

Since the 15th, Ive been working 10 - 14 hour days still, so I am afraid of the same thing happening.



Solution: Rent a server form server matrix, start a business with it and next year write it off on you taxes to lower your tax liability so that you can get the extra money they took out of your check this past week!


yeap, if your smart you can win the tax game. I pay less in taxes each year than my employee's who make a 1/3 what i do annually. I write everything off down to my underwear and socks. This did come back and haunt me when i was younger and trying to get a home mortgage, since my tax records show me as making very little taxable income..

I own 3l small buisness's, for example i own a lawncare buisness. I only cut a couple yard's though, but becuase i've registered it as a buisness i wrote off my $6000 lawn mower, gas and blade sharpening fee's...yada yada yade.. You get the point? Now with my online buisness it allows me to write of video games, computer's, servers, yada yada..


I still payed close to $7000 though in taxes but no where near the average 25-35% employee tax rate.
Hogie
I dont need another server:P We are moving from TC boxes to Colo boxes soon because of our "needs".

We already upgraded from SM boxen to TC boxen, so we are on our way up.
Matt2k
I'll boxen you . Mark my words.
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