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09-05-2006 02:34 AM  14 years ago
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teamlosi2004

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CA

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Tax for 30K
How much do people pay for 30K a month salary?

is it like 35%?


is there a website that is related to accountant?

please help..
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09-05-2006 02:55 AM  14 years ago
teamlosi2004

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CA

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or where can I find experts who can help ?
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09-05-2006 03:02 AM  14 years ago
valerko

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ny,dutches county

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IRS?
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09-05-2006 03:04 AM  14 years ago
patriot21

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Byron,MN

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dang,,,, what do you do for 30k a month... i am in need of a new jobMy Sponsor:VISA
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09-05-2006 03:09 AM  14 years ago
Topher

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Rochester, Michigan

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So do you like do brain something or surgery? If your in the US and talking federal taxes, I would say about 30%. For both state and federal I would say about $40-45 just because I think your in a higher tax bracket. I dont even make 30k a year so I really shouldnt be answering this question.
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09-05-2006 03:32 AM  14 years ago
teamlosi2004

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CA

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oh man.. there are two types of taxes???

My online job wouldn't take taxes automatically (i wish they could).. I need to save taxes so that I can pay it later on.. so will it be safe to keep 40% of 30K a month?

I heard that I can get all of my tuitions back as tax refund.. is this true?
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09-05-2006 03:38 AM  14 years ago
sharam

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Northern California - Fly at Morgan Hill Field

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For federal taxes, go here:

http://www.irs.gov/formspubs/articl...=150856,00.html

For state, you need to go to the Franchise Tax Board and get the similar schedule.
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09-05-2006 03:54 AM  14 years ago
rob10000

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Western Massachusettes

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30K/month *12 months = 360,000
federal tax = $105,860
CA state tax= $33,480
FICA Tax = $5,840
Medicare = $5,220
YMMV
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09-05-2006 04:12 AM  14 years ago
teamlosi2004

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CA

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hey robo.. how did you find that out?

is there like a tool?

is that excluding expenses?
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09-05-2006 05:38 AM  14 years ago
ShellDude

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East Coventry, PA

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Depending on the source of the income, and other avenues of income, you could also be subject to AMT (Alternative Minimum Tax) which changes things a bit.

For rough calculations, 28% works well enough. That's a base rate taken from Gross income.

Schedule C / 1099 opens the door for numerous write offs as well as reducing your income. I know plenty of folks that make money in the area you're talking and their taxable income has been negative a year here and a year there.

kiddies give you a credit as well.

numerous other things effect your taxable income too.
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09-05-2006 04:15 PM  14 years ago
ericslife

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vancouver b.c. Canada

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Be thankfull you dont live in Canada, we might let you keep 'enuf t obuy a new t-rex!!
Eric D
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09-05-2006 04:30 PM  14 years ago
teamlosi2004

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CA

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I just entered college.. does that help on tax refunds?

also when should I contact the CPA?

I don't want to be late and get into trouble
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09-05-2006 04:40 PM  14 years ago
fritzthecat

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Virginia Beach, VA

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You should contact your CPA ASAP. Most of the time the IRS expects taxes to be paid quarterly. If you pay at the end of the year (April) the IRS will hit you with penalties, interest, penalties on the interest and interest on the interest penalties etc. So your taxbill can easily double.
Your CPA can set up and get the forms required to pay your hard earned $ so I can buy parts for my airplanes.

Fritz

P-3/C-130 ResTYCOM

'Send Money, Women and Guns!'
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09-05-2006 04:42 PM  14 years ago
teamlosi2004

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CA

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oh crap.. I just started earning from June.. will I still have to contact CPA as soon as possible?
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09-05-2006 05:16 PM  14 years ago
pilotError

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Long Island, NY

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oh crap.. I just started earning from June.
It's cool, your accountant can go back and file and adjusted quarterly for Q2.
Good Judgement comes from Experience. Great Judgement comes from Bad Experience.
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09-05-2006 05:18 PM  14 years ago
AGRAV8

rrProfessor

Mosquito Coast......Houston Texas

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tax cut
move to Texas, no state income tax.

would EASILY pay for a cheap apartment, huh....??
GOOD guy list-39, BAD guy list-0
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09-05-2006 05:49 PM  14 years ago
midwestpilot

rrElite Veteran

Crystal Lake, IL

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gotta know what you are doing...
What online business is giving you that kind of cash???
In life there is no spacebar!

Rich Erikson AMA 6175
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09-05-2006 05:54 PM  14 years ago
teamlosi2004

rrApprentice

CA

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Adsense/YPN

plz don't stalk me
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09-05-2006 07:30 PM  14 years ago
Dakine

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OC, Commifornia

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How much do people pay for 30K a month salary?
Too much!!
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09-05-2006 08:25 PM  14 years ago
teamlosi2004

rrApprentice

CA

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at least i can afford my new heli
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