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Post Reply How much did you pay in tax last year?
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M / Fort Bragg, NC
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Posted 8/5/15
$35,000
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52 / M / Bay Area
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Posted 8/5/15
Still paying I pay quartly then always do payment plan with penalties don't want government to have my money until the end I might die owning taxes fine by me
Posted 8/5/15
One thousand something dollars.

I earned 34k last year, but because I work in a hospital (known here as public benevolent institutions), I don't have to pay tax for 9k. So the tax was calculated on 25k only.
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40 / M / USA
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Posted 8/5/15

GayAsianBoy wrote:

One thousand something dollars.

I earned 34k last year, but because I work in a hospital (known here as public benevolent institutions), I don't have to pay tax for 9k. So the tax was calculated on 25k only.


Damn I wish my job did that lol. 9k wouldn't do much for me but still, I'd take it over nothing.
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31 / M / Scotland
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Posted 8/5/15 , edited 8/5/15

biscuitnote wrote:


Biggle wrote:


dotsforlife wrote:

Too. Damn. Much.

On a positive note, my stocks are doing fucking fantastic.


Getting into that kind of business is always so risky.


The best way to make money is calculated risk. Plopping money in a savings account is not the path to wealth. You have to do some form of financial speculation.


It's one of those things that is so damn easy to think of as 'easy money'...... and then get a nasty shock. I do a little trading now and then, but it's pocket money, really. Not that I have a lot of capital to invest with, anyway.

On topic-too much, it seems. HM Revenue and Customs sent me a cheque the other day for about £340! ^_^
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Posted 8/5/15

dotsforlife wrote:

Too. Damn. Much.

On a positive note, my stocks are doing fucking fantastic.
Stock? When should a person start investing?
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40 / M / USA
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Posted 8/5/15 , edited 8/5/15

FlyinDumpling wrote:


dotsforlife wrote:

Too. Damn. Much.

On a positive note, my stocks are doing fucking fantastic.
Stock? When should a person start investing?


Most companies will allow you to invest in a 401k at 21. As for stocks in general, any age really unless you're like younger than 18. If that's the case I'd get a parent or advisor of sorts to help you setup a portfolio.

I couldn't start investing until I started making money since I had a piss poor childhood, but I would recommend investing young and when you have excess money. 401k for sure when you hit 21. Any extra money I don't need I throw into investments. Which currently is around 30% of what I make.
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Posted 8/5/15

dotsforlife wrote:

Most companies will allow you to invest in a 401k at 21. As for stocks in general, any age really unless you're like younger than 18. If that's the case I'd get a parent or advisor of sorts to help you setup a portfolio.

I couldn't start investing until I started making money since I had a piss poor childhood, but I would recommend investing young and when you have excess money. 401k for sure when you hit 21. Any extra money I don't need I throw into investments. Which currently is around 30% of what I make.
can you make it easier for all of us youngsters and tell us all the companies you are investing in? k thanks
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Posted 8/5/15 , edited 8/5/15

FlyinDumpling wrote:


dotsforlife wrote:

Most companies will allow you to invest in a 401k at 21. As for stocks in general, any age really unless you're like younger than 18. If that's the case I'd get a parent or advisor of sorts to help you setup a portfolio.

I couldn't start investing until I started making money since I had a piss poor childhood, but I would recommend investing young and when you have excess money. 401k for sure when you hit 21. Any extra money I don't need I throw into investments. Which currently is around 30% of what I make.
can you make it easier for all of us youngsters and tell us all the companies you are investing in? k thanks


That I won't do I'm a firm believer in people making it on their own. All I will say is do your research and watch companies carefully.
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Posted 8/5/15

dotsforlife wrote:

That I won't do I'm a firm believer in people making it on their own. All I will say is do your research and watch companies carefully.
Buy low sell high, seems easy enough. I'm gonna invest my entire savings now. thanks
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24 / M / Scotland
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Posted 8/5/15
I can't quite calculate what went on VAT but as I'm a student that was the only tax I paid.
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24 / M / USA
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Posted 8/5/15

FlyinDumpling wrote:


dotsforlife wrote:

That I won't do I'm a firm believer in people making it on their own. All I will say is do your research and watch companies carefully.
Buy low sell high, seems easy enough. I'm gonna invest my entire savings now. thanks


No before you do any investing make sure you are debt free and have a enough savings for six months living expenses.
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Posted 8/5/15 , edited 8/5/15

biscuitnote wrote:

No before you do any investing make sure you are debt free and have a enough savings for six months living expenses.
How much is 6 months of living expenses?
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24 / M / USA
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Posted 8/5/15

FlyinDumpling wrote:


biscuitnote wrote:

No before you do any investing make sure you are debt free and have a enough savings for six months living expenses.
How much is 6 months of living expenses?


How much do you spend per month on necessities food rent utilities etc?
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Posted 8/5/15
Probably around the same amount as OP
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