wnaplay1647545503 Posted October 5, 2012 Report Share Posted October 5, 2012 Any easy way to calculate a tax liability on a certain dollar amount? Quote Link to comment Share on other sites More sharing options...
Littleguy Posted October 5, 2012 Report Share Posted October 5, 2012 Depends very much on how you got the money. Quote Link to comment Share on other sites More sharing options...
Furloaf Posted October 5, 2012 Report Share Posted October 5, 2012 Try looking at: http://www.bankrate.com/taxes.aspx Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted October 5, 2012 Author Report Share Posted October 5, 2012 Depends very much on how you got the money. My painting company, usually the tax man just calculates it at the end of the year but I need to know now and he only comes into town at tax time. Quote Link to comment Share on other sites More sharing options...
iwishiwascool Posted October 5, 2012 Report Share Posted October 5, 2012 You should probably be making quarterly payments. I'd suggest a CPA that works with you all year. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted October 5, 2012 Report Share Posted October 5, 2012 15-30%, of your gross. Quote Link to comment Share on other sites More sharing options...
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