How much do you take out for taxes?

[Grant]

Since most of us are probably self employed, we don't have jobs that take taxes out for us. So we have to do that ourselves. On top of that, those of us in the US, will have to pay extra tax for being self employed as they call that a business. I try to put a quarter of it in savings, even if I don't make as much that week. I always take a quarter out. This way I'm covered when tax season comes and I may have some money left over.

 

[Good-Person]

I mostly pay sales taxes on products that I tend to purchase. These taxes are applicable under all circumstances. I do not own a property, otherwise, i would also need to pay property taxes as well. The government may have reduced subsidies on many products.

 

[Heatman]

Since most of us are probably self employed, we don't have jobs that take taxes out for us. So we have to do that ourselves. On top of that, those of us in the US, will have to pay extra tax for being self employed as they call that a business. I try to put a quarter of it in savings, even if I don't make as much that week. I always take a quarter out. This way I'm covered when tax season comes and I may have some money left over.

This is something that is a quality something like saving because it is going to make it very easy for you to have extra money on ground that is going to the capable of covering or your taxes when it comes to that particular business. I try to save a dollar for taxes every day.

 

[Good-Person]

This is something that is a quality something like saving because it is going to make it very easy for you to have extra money on ground that is going to the capable of covering or your taxes when it comes to that particular business. I try to save a dollar for taxes every day.

The government may also charge money if you save money in a bank account. The tax may get deducted and it depends on the amount you have in the bank. Unfortunately, the government is just so corrupt and this is why they do not spend the tax money on people.

 

[Grant]

I mostly pay sales taxes on products that I tend to purchase. These taxes are applicable under all circumstances. I do not own a property, otherwise, i would also need to pay property taxes as well. The government may have reduced subsidies on many products.

I think you misunderstood my post. I am referring to your work/freelance work, not from purchasing products. I'm referring to those who work as self employed workers, who have to in turn pay income tax and business tax around tax time.

I want to know how much you set aside to cover income and business taxes for being self employed.

 

[Heatman]

The government may also charge money if you save money in a bank account. The tax may get deducted and it depends on the amount you have in the bank. Unfortunately, the government is just so corrupt and this is why they do not spend the tax money on people.

There is always VAT tax in any transaction that you do in the banking sector in my country which is also a tax on its own and I believe there is always a percentage of that amount of money that is going to the government. Businesses are really suffering from too much taxes.

 

[Frank]

I mostly pay sales taxes on products that I tend to purchase. These taxes are applicable under all circumstances. I do not own a property, otherwise, i would also need to pay property taxes as well. The government may have reduced subsidies on many products.

I pay taxes when I buy things as small as a data for connecting to the internet. You can not escape these kind of taxes unless you don't want to make such purchases. I don't own a property, but I pay taxes for other items such as my car and the small business that I do here.

 

[glitch]

My taxes come out automatically. However, this last tax season, I owed money which I was not prepared for. It wasn't much thankfully but I am going to be putting money aside for if this happens in the future.

 

[Kane]

Whenever I receive payments from my clients and I use banks for receiving payments, I end up paying taxes. In our country, even the self-employed individuals such as bloggers, vloggers, have to pay taxes provided they are receiving payment in USD through the bank

 

[Good-Person]

This is something that is a quality something like saving because it is going to make it very easy for you to have extra money on ground that is going to the capable of covering or your taxes when it comes to that particular business. I try to save a dollar for taxes every day.

I think that you should calculate your taxes in a proper manner. This is what many people do in many countries where the system of taxation is properly implemented. In case if you are having a really harder time calculating the taxes, then you could possibly hire an accountant for that.

 

[Heatman]

I think that you should calculate your taxes in a proper manner. This is what many people do in many countries where the system of taxation is properly implemented. In case if you are having a really harder time calculating the taxes, then you could possibly hire an accountant for that.

Some people actually don't know how to calculate their taxes. I knew how long it took me before I was able to learn how to calculate. I will just pay whatever they are gave me to pay as my business taxes. Now, I can be able to calculate my own tax and pay them whenever it's due.

 

[Good-Person]

Some people actually don't know how to calculate their taxes. I knew how long it took me before I was able to learn how to calculate. I will just pay whatever they are gave me to pay as my business taxes. Now, I can be able to calculate my own tax and pay them whenever it's due.

I think many people do know how to calculate their taxes because they do not have knowledge about how the government calculates the taxes in the first place. There are a few people who calculate the taxes accurately. Majority of the people end up paying whatever they receive in the form of monthly bills.

 

[Heatman]

I think many people do know how to calculate their taxes because they do not have knowledge about how the government calculates the taxes in the first place. There are a few people who calculate the taxes accurately. Majority of the people end up paying whatever they receive in the form of monthly bills.

It is very unfortunate that the educational system doesn't make any kind of provision to teach students how to do their tax calculation when they are in school, but leave it for them to master when they go out into the society and face life.

It is the reason why a lot of people don't really know anything about how to go about their tax calculation and take whatever they were given to pay.

 

[Good-Person]

It is very unfortunate that the educational system doesn't make any kind of provision to teach students how to do their tax calculation when they are in school, but leave it for them to master when they go out into the society and face life.

It is the reason why a lot of people don't really know anything about how to go about their tax calculation and take whatever they were given to pay.

They teach you basic things for example, they will teach you how to prepare invoice, purchase orders, balance sheets, bank reconciliation statements, etc in colleges. This is what i have learned during my college life. However, there was no chapter related to taxation.

 

[Heatman]

They teach you basic things for example, they will teach you how to prepare invoice, purchase orders, balance sheets, bank reconciliation statements, etc in colleges. This is what i have learned during my college life. However, there was no chapter related to taxation.

Yeah, that's very correct. The reason why they don't have any course related to taxation and how to do your taxation in student's curriculum is still a mystery. Well, I hope it's something that's going to be taught to students because it's going to be very helpful. Taxes is very technical and we need to be good with handling it.

 

[Good-Person]

Yeah, that's very correct. The reason why they don't have any course related to taxation and how to do your taxation in student's curriculum is still a mystery. Well, I hope it's something that's going to be taught to students because it's going to be very helpful. Taxes is very technical and we need to be good with handling it.

I think that laws and taxation systems change by the passage of time and this is why they may not include this subject in the syllabus. They cannot add something that tends to change all the time. This is quite important thing students must know.