so how many of you work two or three jobs? Legitimatly, so you get real paychecks and everything?
Just a pole to see.....
Just a pole to see.....
BlackMKIII;903968 said:Just one, but I've worked two jobs before. 7:30 - 5:30 at one, then 6:30-12 at the other. 6 days a week.
Supracentral;903981 said:One thing to watch your ass with is our lovely progressive tax system. You know the more you make, the higher percentage you pay...
I'll use small even numbers for simplicity's sake, but you'll get the point:
For example, you work one job, it pays $200 a week so they estimate that your $10K a year puts you in a 10% bracket so they take $20 a week out of that check.
You work a second job, also at $200 a week, so they also take $20 a week out of that check.
Your combined salary of over $20K a year however puts you in a 15% bracket.
End of the year rolls around:
Job 1: $20 x 52 weeks = $1040 withholding held out of checks for job 1.
Job 2: $20 x 52 weeks = $1040 withholding held out of checks for job 2.
Total held out of your paychecks = $2080
However, when you do your taxes, due to your combined salary, you are in a higher tax bracket (you evil rich motherfucker you...). Total withholding should have been $3120.
Guess what sparky? You owe the IRS a check for $1040 on April 15th!
Lots of people trying very hard to work their way up get fucked like this every single year.
http://www.fairtax.org folks...