smokin5s Posted April 19, 2005 Report Share Posted April 19, 2005 Originally posted by Homey D. Clown: My wife got about 4 grand back.. I had to pay about 900. Damn gubmentnot bad considering the profit Quote Link to comment Share on other sites More sharing options...
black00ws6 Posted April 19, 2005 Report Share Posted April 19, 2005 Originally posted by ( . Y . ): not bad considering the profit We were able to write off enough stuff last year to bring the profit down to 0... This year will be different, we're probably have to pay 40-50 grand in taxes next year. graemlins/doh.gif Quote Link to comment Share on other sites More sharing options...
Mowgli1647545497 Posted April 19, 2005 Report Share Posted April 19, 2005 Profit? Ain't no profit in that. Quote Link to comment Share on other sites More sharing options...
Trouble Maker Posted April 19, 2005 Report Share Posted April 19, 2005 Originally posted by Homey D. Clown: We were able to write off enough stuff last year to bring the profit down to 0... This year will be different, we're probably have to pay 40-50 grand in taxes next year. graemlins/doh.gif Damn, I wish I made enough money to get taxed that much. At a 25% effective tax rate you guys made a total of 160-200k. If it's only 20% (I would guess you're closer to that), it would be 200-250k. IIRC that's post pre-tax withdraws too, ie insurance, retirement. I'd be doing a lot of graemlins/doh.gif too if I were you. tongue.gif Quote Link to comment Share on other sites More sharing options...
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