The first year i work I will pay 36% in tax, plus student loans, so more of my money goes to the government than myself???
Am I thinking about this correctly?
2006-09-14 16:03:29 · 8 answers · asked by t c 3 in Business & Finance ➔ Taxes ➔ United States
Should i quit professional school, and join my high school friend, who already as a full-time job as a psychic healer and massage therapist instead ?
2006-09-14 16:18:30 · update #1
lol, j/k. but i feel like i need to do something about this.
2006-09-14 16:19:11 · update #2
As John Lennon said, "Be thankful [they] don't take it all."
2006-09-14 18:10:31 · answer #1 · answered by Picture Taker 7 · 1⤊ 0⤋
Get a financial advisor. You can put away some of the earnings into tax shelters and lower your taxable income.
That's how rich people stay rich.
2006-09-15 04:29:07 · answer #2 · answered by cavu_13 3 · 0⤊ 0⤋
Nope, that is correct. My parents made around 400,000 last year and gave about half to the government.
It's crazy!
2006-09-14 23:05:43 · answer #3 · answered by Sam468 2 · 1⤊ 0⤋
Don't you love paying people half your income to support their horoin addiction?
2006-09-14 23:49:23 · answer #4 · answered by chris 4 · 0⤊ 0⤋
Sounds about right for your salary range.
2006-09-14 23:12:51 · answer #5 · answered by Kainoa 5 · 0⤊ 0⤋
And I really don't know where the hell all our money goes. Doesn't that frustrate anyone?
2006-09-14 23:10:48 · answer #6 · answered by Tygirljojo 4 · 1⤊ 0⤋
You just became conservative in your thinking, congratulations!!!
2006-09-14 23:11:46 · answer #7 · answered by rhutson 4 · 0⤊ 0⤋
Welcome to reality!
2006-09-14 23:10:57 · answer #8 · answered by alandicho 5 · 0⤊ 0⤋