Re: Never paid taxes before... how much should I expect to pay?
$10,500 = 17.5%. That isn't anywhere near as bad as I expected. I thought I'd have to be paying something like at least 30%. I've never had a "real" job so I really don't know anything about this stuff. What's a "single personal exemption"?
I think it'd be pretty cool to be recognized by the government as a pro, but obviously that's not worth it if I have to pay more. I don't know whether I'll have to file as a pro or not, so I'll just cross that bridge when and if I come to it (when I talk to a CPA, right?)
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