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taxes?

Discussion in 'Business Fundamentals' started by NickSnow&Mow, Dec 8, 2014.

  1. NickSnow&Mow

    NickSnow&Mow Senior Member
    Messages: 647

    hey guys, just wondering what precentage of what we make should go to the government? im a bit under 30k annually so I dont have to yet but just curious. also im in ontario. thanks
     
  2. SnoFarmer

    SnoFarmer PlowSite Fanatic
    from N,E. MN
    Messages: 8,518

    I hire someone to do my taxes.

    I'm in the states
     
  3. NickSnow&Mow

    NickSnow&Mow Senior Member
    Messages: 647

    haha ya but what % are you paying. or dont know lol?
     
  4. seville009

    seville009 Senior Member
    from CNY
    Messages: 736

    Depends on your filing status, if you have kids, what deductions you have, etc. Assuming $30,000 is net business income, you'd have to pay roughly 10% in self employment taxes and probably at most 15% in federsl and state income taxes. Total of about 25%.......come on down!
     
  5. NickSnow&Mow

    NickSnow&Mow Senior Member
    Messages: 647

    im 14, no kids lol. should i even worry about that yet?
     
  6. SnoFarmer

    SnoFarmer PlowSite Fanatic
    from N,E. MN
    Messages: 8,518

    There good friends of the family, I just sign them and put them back in the envelope.
    So, :dizzy: clueless :D

    My wife watches the $$ I just work.
     
  7. grandview

    grandview PlowSite Fanatic
    Messages: 14,609

    Your a Socialist country,so 90%
     
  8. seville009

    seville009 Senior Member
    from CNY
    Messages: 736

    Age doesn't matter.....if you have earned income, you have to file
     
  9. cet

    cet PlowSite Fanatic
    Messages: 7,202

    Are you writing invoices, getting cheques? If your gross is over $30,000 your suppose to be charging HST too. Do you have a company? Lots of questions to be answered first.
     
  10. Mark Oomkes

    Mark Oomkes PlowSite Fanatic
    Messages: 10,857

    How much should? 10% was good enough for God back in the OT, so I would say aboot 5% for the crooks in office.
     
  11. maxwellp

    maxwellp PlowSite.com Addict
    Messages: 1,112

    Thats funny..............:laughing::laughing::nod::gunsfiring:
     
  12. gc3

    gc3 Senior Member
    Messages: 713

    I don't pay so I don't know
     
  13. Herm Witte

    Herm Witte Senior Member
    Messages: 553

    Give unto Caesar.... :)
     
  14. NickSnow&Mow

    NickSnow&Mow Senior Member
    Messages: 647

    OT? Old testiment? Haha the crooks at the office dont get anything from me yet.
     
  15. crazyboy

    crazyboy Senior Member
    from NJ
    Messages: 296

    Most of it, someone has to pay for all the people that refuse to work.
     
  16. Mark Oomkes

    Mark Oomkes PlowSite Fanatic
    Messages: 10,857

    Actually, that's from the NT.

    If taxes were reasonable, I wouldn't have a problem "giving" to Ceasar. But they aren't.
     
  17. Flawless440

    Flawless440 PlowSite.com Addict
    Messages: 1,543

    14 years old... Your parents still claim you so talk to them..

    Work as long as you can "under the table"
     
  18. Mr.Markus

    Mr.Markus PlowSite Fanatic
    Messages: 5,164

    Lol if your parents are still responsible for you, let them pay it.
     
  19. LapeerLandscape

    LapeerLandscape PlowSite.com Addict
    Messages: 1,597

    I don't mid paying some taxes, its a necessity. I just don't like the way they spend it.

    Close to 30k at 14yrs old, good for you, keep it up. Don't spend it all on beer, the drinking age in Canada is like 12 isn't it.
     
  20. cet

    cet PlowSite Fanatic
    Messages: 7,202

    You can drink American beer at 12. :drinkup: