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Maggie Fletcher posted:"Non poors" keep more money throughout the year, and save some up for their tax bill. Really savvy people make the right adjustments so that they break even and have a steady income all year long. I have not yet figured out the math to do this. it is literally illegal to intentionally underpay and will eventually result in an audit followed by some p hefty fines just so you know
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Feb 2, 2016 23:50
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I guess I got $750 since I didn't change the exemptions until I started my new job. Cool beans.
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Feb 3, 2016 00:19
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Juando290 posted:I do, last year we were in the 15% bracket, this year we are in the 25% bracket. Seems pretty straight forward.
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Feb 3, 2016 00:19
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ZombieParts posted:I don't have a lot of experience with it, but isn't the SE tax pretty tough if you actually make any money? If you're doing your own stuff and getting pounded on 25% of it's rough if you don't have any expenses. When you make more you have more options available to you to help make it manageable. When you are making more you're probably expending more too (yeah I know expense =/= free money irt taxes but if you're already paying for stuff like renting your own office space, getting it written off doesn't hurt) if you're making a ton more you can file as a s-Corp and "pay" yourself a paycheck that gets taxed separately rather than ALL income from your gig. The way my accountant explained it though was s-Corp filing isn't really worth it if you're a solo runner and not making >70k
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Feb 3, 2016 00:28
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I don't get my investment 1099s until March. Suck my taint, brokerage firm.
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Feb 3, 2016 00:59
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