I make $3,840 a month. At the end of the month, taxes take away

>>1006489
But anon the government needs that money so it can give it to the rich people who own everything.

>>1006489
buy anon how are mothers who got pumped and dumped by chad going to feed their kids?

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>>1006489
I make $8,500 a month. At the end of the month, taxes take away 30% of my income. I am left with $6,000 to live on at the end of the month. In Texas. WHAT THE FUCKING FUCK.

I feel like my income is getting raped.

>>1006489
>hurr California is great! we vote democratic all the time!! liberalism is the best!!
>hey wtf are all these taxes? shit im moving states
>hey new state! I'm from California and I'm a liberal!! you should listen to my great ideas!!

and the cycle continues

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Try Finland
Making 3k a month and pay 28% taxes

>>1006495

Dude if you're getting taxed 30% one week of work goes straight into the governments pocket.

>>1006504
hes a buttmad liberal trying to say Texas has a higher tax rate than California which is retarded. Texas is great for business.

>>1006498
>I know I'll vote someone new in office who will fix things!
>goes to vote
>ballot 6 pages long
>7 people running for one office have the last name smith

wtf!?

>>1006489
>live in texas
>make ~1000 more per month
>same percent of income siphoned by taxes

can't win

California is a containment state. I feel no sympathy for those over the age of 18 who live there.

OP, if you want to help yourself, I would suggest moving to a state with no income tax. Nevada or Washington are nearby.

>>1006516

My state income tax withholding isn't what I'm concerned about. It comes out to like $60 per pay check. Federal income tax, however.... fucks me in the anus.

>>1006524
ever since women were allowed to vote the federal government has gone up and up. It will only end when we get invaded by hordes of subhuman mongrels

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>>1006505
No, I'm a libertarian saying i pay as much in taxes as he has left because people who vote liberal have made the entire US pay "progressive" taxes...NIGGER

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>>1006489
26% of 4k is nothing. try your luck in soviet european union

>>1006489

You're living in a shit state, goy. Try moving to a state where you have freedoms.

>>1006489
>>1006495
>not knowing about tax deductible expenses.
>not dropping down 2 tax brackets by maxing out your IRA contribution
>not a mortgage on a house for the mortgage interest deduction
>not donating junk to charity to deduct the full "new" retail value

>faggot who doesn't understand that we live in a society and things need to be paid for

Taxes are what you pay for the privilege of society. Freeways, public transportation, subsidized agricultural products are all there because we pay taxes like civilized people.

>>1006567

I'm all for paying taxes. But it seems excessive to me that 1/4 of my small income gets taken away in form of taxes. 1/4 of $46k will put me in a worse position than someone making $92k and 1/4 of their income is taken due to taxes.

>>1006583
Y-you guys don't have progressive taxation?
Here the first ~$20k is tax free, then $20-40k or whatever is a little, then $40-70k is taxed a bit more, and so on.

>>1006591
Figures are probably wrong, but the idea is you never end up worse off by earning more money.

>>1006489
>Indeed in the United States, with the exceptions of wars, real per
capita federal government expenditures remained remarkably constant
until the 1920s. In fact, as has been widely noted by public
choice scholars, World War I was the first war after which per capita
government expenditures did not return to their prewar levels, and
by the end of the 1920s the growth trend that we are so familiar with
today had begun.
>The Nineteenth Amendment, which prohibited state or federal sex-based restrictions on voting, was ratified by sufficient states in 1920

tl;dr:
Women vote for more taxes and government spending.

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>>1006601

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>>1006558
>not a mortgage on a house for the mortgage interest deduction
What kind of fucking retard spends a dollar to save the tax on it?

>>1006608

Its the shape of the merchant's erect penis when more monies due to wimmin votan.

>>1006721
It's the statist's erection when he realises women can't handle FREEDOM*

>>1006695
I've never met anyone whose house is paid for complaining about not having that tax deduction. Never.

>>1006489
I wish I was you. I also live in CA, and I make $3,680 a month but I have to send 27% of that before taxes to my baby's momma (she lied about being on the pill). Of course when I pay taxes it's about a third of the original $3,680. That leaves me with about $1400.

Did I mention my new job is in SF? Rent for just a shitty room is $900.

I have about $500 left for living expenses and investing.

>>1006489

>live in commiefornia
>complain about high taxes

>>1006695

Paying for a house gets you equity in return. Whereas if you give it to the government it's all gone.

>>1006695
I don't expect a neet who is living in their parents basement to understand.

Mortgage = housing = productive use of leverage

Live in california, make $7174/month. Spend ~$1200 on my monthly expenses. Not a materialistic fool, got plans for that extra money.
And I don't think the state taxes are really all that significant. FICA and federal income takes way more.

>>1007023
What do you do for a living?

>>1006583
>But it seems excessive
>Gov't has literally got a trillion dollar deficit cause it isn't getting enough tax revenue
>25% of a guy who makes around $50,000 is excessive

All things considered, I'm surprised you aren't taxed 1/3rd your income.

>Get a job that doesn't take out taxes
>Don't pay taxes
>???
>profit

But seriously income tax is unconstitutional and there's no law requiring you to pay.

>>1007128
>income tax is unconstitutional

>The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows the Congress to levy an income tax without apportioning it among the states or basing it on the United States Census.

>>1007015
>productive use of leverage
Ekekekekekekek.
Why, because it keeps pace with inflation?

>>1007131
I wonder who voted on that amendment huehuehue.

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>>1006495
>>1006730
>>1006695
>>1006766
>>1007015
I bought a house once. Paid $146k for about $200k worth of house. Interest rate was fixed 3.5%. My note was around $500 per month. Now you explain to me how awesome it is to deduct $250 per month in interest from your income of $8500. Protip: you won't even reach the standard deductible.

>>1007150
>The Sixteenth Amendment

The amendment was adopted on February 3, 1913.

>>1006489

Wait until you get into the 35% tax bracket. Bitch then.

>>1007159
I was implying that the congress voted on that amendment, when really it should have been a referendum, because in effect the government just voted itself a million-fold increase in power, something your constitution was meant to prevent.

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>>1006489
Holy kek

>live in Texas
>no state income tax
>I make less than you yet bring home more than you

Kek

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>live in Sweden
>employer pays me $2000 a month
>gubernment takes half of that
>get $1000 left over
That FREE healthcare sure is awesome

>>1006489
>This whole thread
>Not exploiting trust law or creating an LLC to completely avoid taxes

You faggots are NEVER gonna make it

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>>1007165
IOW, the amendment was unconstitutional because congress didn't have the power to give itself that power.

>>1007173
The US government pays 30% more per capita on healthcare compared to Sweden, so that is some pretty nice free healthcare.

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>>1007186
If you could outline how to do this for us, that would be great FAGGOT

>>1007173
Well sweden is fucked.. im sorry

>>1007199
Either that or your constitution was shit and your founding fathers retarded (seems likely).

>>1007202
>Create LLC with you as the sole proprietor
>Have your employers pay the LLC
>No tax until you take it out of the LLC

The money is 100% yours but is not taxed until you take it out

>>1007216
>ScandinaviaBrah
As if any other Scandinavian country has a more lenient tax system.

>>1007219
This is tax avoidance done wrong.

>>1007228
and what does a Swedish fucked fucker like you know about avoiding taxes?

I would think if you avoided them in Scandinavia, you would surely be deported to the sandlands, no?

>>1007230
Tax avoidance is simpler in Sweden, I do think. Never tried it myself, but I do know the gist of it.

>Set up a private company with you as the owner and sole employee
>You recieve pre-taxed money from your employer in your regular job
>In your company write off housing costs, electricity, internet bill, etc. as expenditures, since they're necessary for your work
>This will cause a net loss in the company of those costs
>Write them off at the end of the year and you'll basically have to tax on that amount less of your income
Considering most people's income chiefly go to rent, and stuff like that, this is a pretty good method. Problem with your approach is you don't get to spend the money. This way the money you spend is "clean" because all you did was write off expenses. It's a legal grey area, but you'd probably get arrested and fined if you got found out over here.

>>1006489
How much do you get back when you file your taxes?

>>1006498
I live in North Idaho and this is EX ACTLY how those fuckers are. It's a disease.

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>>1007218
Hurr Durr. Each state a sovereign nation. Why would they want to be taxed by some entity they created solely for the purpose of: "to form a more perfect union", "establish justice", "ensure domestic tranquility", "provide for the common defense", "promote the general welfare","secure the blessings of liberty to ourselves and our posterity"

Explain how these require 30% income tax...protip: you can't niggerfaggot

Crackthecode dot com

Most of you aren't subject to any income tax you fucking morons.

>>1007253
People in states east and north of California generally hate people from California who move east and purchase a home. It's like this:

>be me
>move to New Mexico (albuquerque)
>find home for $200K
>Californians walk in while wife and I are looking at the $200K home.
>Californians go, "Only $200K? We'll take it and after selling our home we'll have an extra $800K in cash!"

Fuckers

>>1006489
ITT: Babby's first paycheck.

I'll never understand why people are so entitled to think that they can get government services for free, or even for less.

Taxes are a fact of life kiddo. Why don't you just get rich and then you can figure out how to avoid taxes like a real man?

cry babies, try living in Scandinavia, her you pay 50%-60% taxes

>>1006506

John is that you?

>>1006591
This threads always seem to have scandanavian people popping in and telling us about their 30 hour work weeks, the fact that every citizen is a millionairre http://www.reuters.com/article/us-norway-millionaires-idUSBREA0710U20140108

etc etc

The funny thing is we pay almost as much in taxes as socialist countries, yet get none of the benefits..

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>>1006558

> not donating junk to charity to deduct the full "new" retail value

You have to donate over 25k to even get a return.

> not a mortgage on a house for the mortgage interest deduction

You're right, everyone wants to own a house in California. Not only are you paying $600,000 for a $300,000 house built in the 1960s, but hey you have a house and are getting an interest deduction to rub into your shill friend's face.

> not dropping down 2 tax brackets by maxing out your IRA contribution
> actually making sense

> not knowing about tax deductible expenses.
> implying the god of finances
> just a NEET shilling on /biz/

>>1006567

> Taxes are what you pay for the privilege of society. Freeways, public transportation, subsidized agricultural products are all there because we pay taxes like civilized people.

Socialist detected.

Freeways. Gas tax.
Public transport. Fares
Subsidized (anything). Purchase price should handle it or it should not sell.

Try spending your own Monet instead of that of others you frighten leech.

>>1007277
>getting pissed that people playing on hard mode have no trouble with easy mode areas

>>1006489

> gov takes 27%+ on ma income
> child support takes 18% on ma income
> live off $1,800 when I make $4,200.

Well that's my life. I'm literally living the top ramen life.

>>1007259
lol, dead link guy

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>>1007387
>The funny thing is we pay almost as much in taxes as socialist countries, yet get none of the benefits..
>Implying there are benefits to living in socialist countries

>>1007277
Another abq /biz/raeli? How about this wind...

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>>1007400
>Hard Mode
Try doing that while being a black genderqueer faggot.

>>1007277
You shouldn't. None of those people from California have the money to afford the million dollar home, the 800K home, or even a 500k home. That's why there's nearly 300,000 foreclosed homes in California, still. It's pretty typical California boasting.

Source: I'm from California.

>>1007485
Why would I want to be a mutant?

>>1007503
>nobody in California
>no poor people in California
Ftfy

>>1007373
Scandinavia is the best spawn point you can get

>>1007225
I not talking about taxes im talking about swedens feminism

>>1007510
Lol

>>1007168

State income tax is $60 out of my pay check every period so $120 a month. I am not complaining about that - thats nothing. I'm talking about FEDERAL income tax.

>>1007449
Almost fell for the b8

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>>1007529
You mean you'd rather pay an extra 20% of income for literally $200 in monthly benefits? poorfag detected

>>1007219
That's not how LLCs work lol

>>1007124
>Gov't has literally got a trillion dollar deficit cause it isn't getting enough tax revenue
SO STOP SPENDING SO MUCH FUCKING MONEY??

>>1007173
>$2k
>Taxed 50%
You're taxed 21% or something here, and I don't live in a particular low-tax area either. No, you can't count the employers fee as "your taxes" to get to 50%.

Where the fuck do you live, with a 50% tax?

>>1007230
>>1007250
That method might work, but how much do you need to make in order to justify it?

Could you, for example, make and sell "art" from your home, writing off rent, electricity, water and internet bills as business expenditures (provided you don't sell any of your "art", which you make digitally - necessitating the buying of new computers, tablets and so on)?

>>1007406
>implying child support wasn't a choice
You made your bed now sleep in it, trash

>>1007046
Senior Programmer. If I moved to San Francisco or L.A. I could probably make $150+k/year. I calculated it would also triple my expenses. Which would still be more money, but also make me insane with rage at the traffic.

>>1007586
seriously, LLCs are a pass-through. IRS is coming for you anon.

>>1007602
>Where the fuck do you live, with a 50% tax?

if you cant figure it out from his post then youre retarded mate

>>1006489
>20
>$4240/Month Gross
>$3200/Month Net

>$50,880/Year Gross
>$38,400/Year Net

I think I'm doing much better than most people my age, especially with full time school happening at the same time.

>>1007649
Oh, Sweden, Sweden? What's the post code for that area? Maybe you should learn to comprehend basic writing, before you write on the internet. I asked him because he's full of shit and wouldn't be able to answer - there's no area where the tax rates are 50%.

Idiotjävel.

>>1007725
>there's no area where the tax rates are 50%.

Youre joking right?

>>1007759
On $2k? Name one.

>>1007776
Hmm... Thouche, now im the person that needs to read the posts.

True in denmark we dont have taxes on the first $800 a month so its pretty hard to reach 50% on 2k

>>1007412
My fault anon. The guy must of let the URL go.

Here is the actual site: http://losthorizons.com/Cracking_the_Code.htm

>>1006492
You mean to reverse that.

>>1007933
Only if you are Democrat.

>>1007406
>child support

Lol cuck

>>1007503
>None of those people from California have the money to afford the million dollar home
Speak for yourself, jackass.

>>1006567
>privilege of society
how does one opt out? even giving up US citizenship make you take a massive tax hit.

>>1006730
yet why would one pay off a 4% loan when higher gains are achievable? Mortgages at <5% are cheap money

>>1007124
yeah it's a revenue problem, not a spending problem.

>all your high credit card debt is the fault of your employer not paying you enough money

>>1007291
half the country gets government services for free. some get paid to be alive.

I married my stepsister so I could get tax breaks. Totally worth it since she is a bro and there is no emotional attachment.

Tfw tax exempt on first 80k cause I work overseas.

Cucks stay mad.

>>1007591
BUT WHO WILL FEED THE POOR? WHY THE FLYING FUCK DO YOU THINK YOU'RE ENTITLED TO YOUR OWN SALARY?

GREED AND GUNS IS WHAT'S WRONG WITH AMERICA

/bernie

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Thank you wagecuck, you're so generous.
You make my dream life a reality.

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i still believe 30% is too low for rich people.
and it shouldn't be in percentage, like if some rich guy makes anything more than 2k a month, he should only be allowed to take home 2k, which is enough to live comfortably, the rest goes to poor people, be it 10k or 1k of the extra income that he makes.

This thread makes me feel a lot better about my own situation

>$5330 month
>$1180 in income tax
>22% tax
>In a country regarded as having arguably the highest standard of living in the world.

But we don't own any aircraft carriers, so there's that i guess.

>>1009012

Then there's zero incentive to stay in that country. Congratulations, every single industry worth a piss has left your shores. You're now a nation of dirt poor potato farmers.

>>1009020
The federal tax burden on Americans isn't that bad. It's stupid shit like California where you end up paying for all the poor people's programs.

Also, our massive military protects your yuro ass.

>>1009028

That great. Keep spending your tax dollars on protecting my "euro" ass. I'll be sure to say a little thank you prayer to American before i go to bed at night :3

>>1006756
So why are you living in the Bay Area? Get the fuck out -- its too expensive.

>>1009040
The other side of the coin is that we get a huge hand in European policy, since your defense is dependent on our support.

>>1009012

B8

>>1009045

How does that help you specifically? You're still paying more tax and you're still sitting below those europoors in livability.

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>>1009058
>you're still sitting below those europoors in livability
I am?

>>1009066

>britbongs

Please.

>>1009083
At least that's one thing we can agree on.

>>1009044
I needed to take the job here. After I've got more experience I'm bailing.

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>>1009012
>he should only be allowed to take home 2k, which is enough to live comfortably
You sir, have smoked far too much crack.

>>1009012
who gets to define "comfortably"? Do you think the $x it takes to live your "comfortable" standard in upstate NY or a flyover state will be the same as NYC or any major city in this country?

And what gives any man the right and/or moral authority to tell me how much I should live on?

>>1009397
Just ignore the fool. An income ceiling is too stupid to bother talking about.