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#71
08-23-2006, 01:40 AM
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Re: paying taxes
[ QUOTE ]
Oh, and fish2p2, if you're earning outside the US, the US doesn't tax you until you earn 80k+. [/ QUOTE ] I'm fairly sure this isn't true for gambling income. Grim, find a CPA. There is a lot of misinformation in this thread. 
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#72
08-23-2006, 01:53 AM
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Re: paying taxes
Lol. US tax sucks.
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#73
08-23-2006, 02:00 AM
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Re: paying taxes
[ QUOTE ]
[ QUOTE ] [ QUOTE ] Do something good for your community and open up some churches. [/ QUOTE ] lol! just what the US needs. More religious idiots. [/ QUOTE ]not all religious people are idiots. [/ QUOTE ] Yeah, but we play the percentages, right? Close enough.
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#74
08-23-2006, 02:03 AM
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Re: paying taxes
[ QUOTE ]
ok whoever said it was stupid to post that I dont like paying all my taxes, I would like to point out I dont give my private info over the forums so no one can report me.. That's what the internet's for.. posting anonymously.. [/ QUOTE ] Your naivety is really sweet. Grimm, no way you should be paying 50% in income tax. File as a pro gambler, and write some [censored] off, for chrissakes. Also, move to Florida where there is no state income tax.
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#75
08-23-2006, 03:06 AM
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Re: paying taxes
[ QUOTE ]
[ QUOTE ] If you are a born a US Citizen, the only way to avoid taxation is to renounce your citizenship or die. If you do the former, you can never return to the USA. [/ QUOTE ] False. [/ QUOTE ] This is the type post that drives me out of my mind. If you think I am wrong (which I am not) then please explain your position.
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#76
08-23-2006, 03:08 AM
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Re: paying taxes
[ QUOTE ]
Guys, Cute thread. [/ QUOTE ] LOL
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#78
08-23-2006, 06:39 AM
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Post deleted by Mat Sklansky
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#79
08-23-2006, 09:46 AM
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Re: paying taxes
[ QUOTE ]
The SEP IRA lets you deduct the amount you put into it (up to 25% of your reported income) from your taxable income, up to a max of $44,000/yr. The magic number here is like $176k a year or whatever. You invest/save $44k tax free and pay taxes on the other $130k. The catch is that you can't withdraw this money from your IRA until you retire, if you do there are stiff penalties. [/ QUOTE ] Degen, Are we allowed to have both ROTH & the SEP? This would be [censored] sweet.
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#80
08-23-2006, 10:17 AM
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Post deleted by Mat Sklansky
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Linear Mode
