ugh, Taxes — Page 2

Started mine yesterday - not pretty. I'd vote for a flat tax, too. Just tell me what you want and take it. When I showed my husband our gross income he said, "We can't make that much money - look at how we live. Where did it all go?"

Not pretty at all.....

The plan that was proposed back in the lates 70's (I think)was a 10% tax with no deductions or exemptions. If you make $30,000, you pay $3,000, if you make $200,000, you pay $20,000. It comes off automatically with each pay, so there should be much paperwork involved every April.

Updated On: 1/27/09 at 02:17 PM

To answer my own question on getting taxed twice when filing as self-employed (in the hope that it might help someone else on this site):

Self-employed individuals do get taxed twice. The portion of the FICA tax (social security etc) which is usually covered by an employer is paid by the self-employed individual out of his/her own pocket.

$10,000 gone in a flash. I hope my boyfriend enjoyed his business class flight to Pakistan (he's traveling on business for the State Dept.) 'Cause I just paid for it.

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The one thing about taxes - if you have to pay them, it means you're making money.