I just moved into a higher tax bracket, I know, but seriously...I'm only taking home about $500 a week!
2007-03-21 04:23:13 · 5 answers · asked by Year of the Monkey 5 in Business & Finance ➔ Taxes ➔ United States
are all the withholdings for taxes, or are you having your medical insurance, 401(k), etc withheld as well?
remember, your FICA/Medicare is always going to be 7.65% of your gross wages. Your state taxes (if any) could be between 3% and 7%. I do agree with the person that said check your W-4 - assuming you have no other significant sources of income, make sure it says Single 1, and not Single 0.
2007-03-21 06:23:01 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Because, despite all the shallow and baseless rhetoric from G W Bush and the neocons, Big Government just keeps getting bigger. Remember, he's got a military engagement to pay for and Halliburton getting fatter from all those no-bid contracts.
2007-03-21 08:44:29 · answer #2 · answered by S D Modiano 5 · 0⤊ 0⤋
Make out a dummy tax return to estimate how much your tax liability will be for 2007, and then submit a new W4 to your employer to adjust witholding to have that much witheld by year end.
2007-03-21 04:41:08 · answer #3 · answered by r_kav 4 · 0⤊ 0⤋
Holy Moly - How many exemtions did you put down on your W-4??
I think that's what's messing you up!
I did notice we're not getting as many tax breaks as Bush always seems to "give" and you know exactly where all your money is going......right?
2007-03-21 04:33:14 · answer #4 · answered by Carolina 4 · 0⤊ 0⤋
And it's nice to know that our government spends another billion dollars of our tax money every two and a half days in Iraq.
2007-03-21 04:32:09 · answer #5 · answered by Anonymous · 0⤊ 2⤋