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Tax Return arrives.

A Off-Topic forum to discuss things that aren't related to the Amusement Park Industry.
Postby EagleFan344 on May 9th, 2006, 6:07 pm
Happiest day of my life.
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Postby mschulz5 on May 9th, 2006, 8:36 pm
The state owes me $26, and damned if they screw me out of it.

I was astounded when I saw my older brother's. His is in the $500 range. That's only for a summer job.
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Postby w00dland on May 9th, 2006, 9:53 pm
I got 80 bucks. Woo?
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Postby EagleFan344 on May 9th, 2006, 9:57 pm
I got $122 with like $60 more coming from the State.
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Postby Galvan on May 10th, 2006, 12:45 am
i got $2,383 woo :)
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Postby RBull4life on May 10th, 2006, 6:22 am
$2,785.
Some of it already spent on my new HDTV.
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Postby Danhockey04 on May 10th, 2006, 9:06 am
I owed the state $3, but got $268 from national. :D
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Postby CoasterDude12-2 on May 10th, 2006, 3:14 pm
I think I owe my mom $20
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Postby twixmix0303 on May 10th, 2006, 5:45 pm
mschulz5 wrote:I was astounded when I saw my older brother's. His is in the $500 range. That's only for a summer job.


Same happened to me. That's because the more you make, the higher percentage you pay towards taxes. When withholding taxes, it's assumed that the job will be kept year-round, and the amount you make that week is the amount you'll make every week. So, for example, if you make $5,000 one summer, they'll assume you are going to make $20,000 that year, so a higher percentage is taken out then necessary.

I'm no tax expert, so someone please correct me if I'm wrong.
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Postby Rusty888 on May 10th, 2006, 7:49 pm
I could ask my mom who's an accountant but I won't because I don't get how the whole thing works anyways.
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Postby Trailblazer Tony on May 12th, 2006, 8:46 pm
I got around $150, I don't mind taxes.....yet....
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