12-17-2018

[showa58taro]

Found out if I exceed 60 hours in one work week that my tax rate will dramatically increase.

From now on if I hit 50 hours before the end of the week, I'm taking the rest of the week off. Total nonsense.

Also, I stopped at a gas station a few hours ago and paid 4 dollars and 48 cents for a can of Coke and small bag of chips.

Fuck California.

That's not how taxes work.

If you go up the tax bracket, the old bracket it still in effect for your taxes up to the limit of your bracket. If your income goes over the upper limit of that bracket, the amount over is taxed in the new bracket.
The first $9k you make isn't taxed.
the next 29k is taxed at 12%
the next 31k after that is taxed at 22%
the next 90k is taxed at 24% and so on.

If you hit that 22% bracket, only the income over the 12% bracket limit is taxed at the higher rate, and that's only if that's your income after deductions, otherwise any additional tax bracket you end up in when calculating taxes to take out of your check should come back to you come tax return time, unless the person who does your taxes is completely inept.

Also, the price of your chips and soda probably has more to do with you buying them in a gas station (notoriously higher markups) than it has anything to do with CA taxes or whatever. You probably could have gotten the same stuff for about a buck or two less at a grocery store.

Exactly.

[DancesWithWerewolves]

Couldn't be the chips, the prices are printed right on the bags, and the grocery stores use the same. I noticed they went up in price though. I don't think he was referencing tax on that though, just complaining about the constant rising costs.

I do need to ask, why size bag of chips? The regular small one's only 1.89 now, and there's no way a can of Coke could beef it up that much higher.

We do have a recycling tax though, which is a pain in the ass if you don't have the room to save up the recycle-ables so you can get that money back.

[Dream]

Couldn't be the chips, the prices are printed right on the bags, and the grocery stores use the same. I noticed they went up in price though. I don't think he was referencing tax on that though, just complaining about the constant rising costs.

I do need to ask, why size bag of chips? The regular small one's only 1.89 now, and there's no way a can of Coke could beef it up that much higher.

We do have a recycling tax though, which is a pain in the ass if you don't have the room to save up the recycle-ables so you can get that money back.

Prices going up isn't a CA thing, it's a greedy company thing across the country/world and they will slowly rise prices until they see sales take a hit and back off.

And we have the redemption rates as well. 5 cents a can/bottle I believe and can be turned in at machines in the grocery store.

[Tiggnutz]

Maryland used to get taxed by the amount of rain that fell. Everytime it rained the tax bill went up. It fucking rains alot here :x Thank god the governor booted that shit.

[Jason]

Found out if I exceed 60 hours in one work week that my tax rate will dramatically increase.

From now on if I hit 50 hours before the end of the week, I'm taking the rest of the week off. Total nonsense.

Also, I stopped at a gas station a few hours ago and paid 4 dollars and 48 cents for a can of Coke and small bag of chips.

Fuck California.

That's not how taxes work.

If you go up the tax bracket, the old bracket it still in effect for your taxes up to the limit of your bracket. If your income goes over the upper limit of that bracket, the amount over is taxed in the new bracket.
The first $9k you make isn't taxed.
the next 29k is taxed at 12%
the next 31k after that is taxed at 22%
the next 90k is taxed at 24% and so on.

If you hit that 22% bracket, only the income over the 12% bracket limit is taxed at the higher rate, and that's only if that's your income after deductions, otherwise any additional tax bracket you end up in when calculating taxes to take out of your check should come back to you come tax return time, unless the person who does your taxes is completely inept.

Also, the price of your chips and soda probably has more to do with you buying them in a gas station (notoriously higher markups) than it has anything to do with CA taxes or whatever. You probably could have gotten the same stuff for about a buck or two less at a grocery store.

Some of the guys relocated to Stockton at my work for about a month. They all said it's not worth it and that they're losing more money than gaining.

Gas station or not, a bag of chips and a soda four years ago was about two bucks. Portion sizes are smaller, cost dramatically increases and now they're trying to tax conversations.

I stand by my statement. Fuck California.

[Jmac Attack]

Couldn't be the chips, the prices are printed right on the bags, and the grocery stores use the same. I noticed they went up in price though. I don't think he was referencing tax on that though, just complaining about the constant rising costs.

I do need to ask, why size bag of chips? The regular small one's only 1.89 now, and there's no way a can of Coke could beef it up that much higher.

We do have a recycling tax though, which is a pain in the ass if you don't have the room to save up the recycle-ables so you can get that money back.

Prices going up isn't a CA thing, it's a greedy company thing across the country/world and they will slowly rise prices until they see sales take a hit and back off.

And we have the redemption rates as well. 5 cents a can/bottle I believe and can be turned in at machines in the grocery store.

I was just talking about how prices at fast food joints have dramatically increased their prices in not that long of time.

[Jmac Attack]

Found out if I exceed 60 hours in one work week that my tax rate will dramatically increase.

From now on if I hit 50 hours before the end of the week, I'm taking the rest of the week off. Total nonsense.

Also, I stopped at a gas station a few hours ago and paid 4 dollars and 48 cents for a can of Coke and small bag of chips.

Fuck California.

That's not how taxes work.

If you go up the tax bracket, the old bracket it still in effect for your taxes up to the limit of your bracket. If your income goes over the upper limit of that bracket, the amount over is taxed in the new bracket.
The first $9k you make isn't taxed.
the next 29k is taxed at 12%
the next 31k after that is taxed at 22%
the next 90k is taxed at 24% and so on.

If you hit that 22% bracket, only the income over the 12% bracket limit is taxed at the higher rate, and that's only if that's your income after deductions, otherwise any additional tax bracket you end up in when calculating taxes to take out of your check should come back to you come tax return time, unless the person who does your taxes is completely inept.

Also, the price of your chips and soda probably has more to do with you buying them in a gas station (notoriously higher markups) than it has anything to do with CA taxes or whatever. You probably could have gotten the same stuff for about a buck or two less at a grocery store.

Some of the guys relocated to Stockton at my work for about a month. They all said it's not worth it and that they're losing more money than gaining.

Gas station or not, a bag of chips and a soda four years ago was about two bucks. Portion sizes are smaller, cost dramatically increases and now they're trying to tax conversations.

I stand by my statement. Fuck California.

Portion sizes are smaller because of companies, not California, lol. The rest I can dig, I guess.

[Dream]

Found out if I exceed 60 hours in one work week that my tax rate will dramatically increase.

From now on if I hit 50 hours before the end of the week, I'm taking the rest of the week off. Total nonsense.

Also, I stopped at a gas station a few hours ago and paid 4 dollars and 48 cents for a can of Coke and small bag of chips.

Fuck California.

That's not how taxes work.

If you go up the tax bracket, the old bracket it still in effect for your taxes up to the limit of your bracket. If your income goes over the upper limit of that bracket, the amount over is taxed in the new bracket.
The first $9k you make isn't taxed.
the next 29k is taxed at 12%
the next 31k after that is taxed at 22%
the next 90k is taxed at 24% and so on.

If you hit that 22% bracket, only the income over the 12% bracket limit is taxed at the higher rate, and that's only if that's your income after deductions, otherwise any additional tax bracket you end up in when calculating taxes to take out of your check should come back to you come tax return time, unless the person who does your taxes is completely inept.

Also, the price of your chips and soda probably has more to do with you buying them in a gas station (notoriously higher markups) than it has anything to do with CA taxes or whatever. You probably could have gotten the same stuff for about a buck or two less at a grocery store.

Some of the guys relocated to Stockton at my work for about a month. They all said it's not worth it and that they're losing more money than gaining.

Gas station or not, a bag of chips and a soda four years ago was about two bucks. Portion sizes are smaller, cost dramatically increases and now they're trying to tax conversations.

I stand by my statement. Fuck California.

Oddly enough, that's a common thought with people when they hear "a new tax bracket." Most people don't actually understand how taxes work. No matter how much you earn, you will never pay more than you earn in taxes, it's 100% impossible (excluding things like you know, not paying taxes for years and accumulatively owing a ridiculously large amount of taxes that exceeds what you earn in a year.) You will only ever gain by working more hours unless you're a salaried employee, then your company is just fucking you in the ass at their leisure because they legally can.

[Jason]

Found out if I exceed 60 hours in one work week that my tax rate will dramatically increase.

From now on if I hit 50 hours before the end of the week, I'm taking the rest of the week off. Total nonsense.

Also, I stopped at a gas station a few hours ago and paid 4 dollars and 48 cents for a can of Coke and small bag of chips.

Fuck California.

That's not how taxes work.

If you go up the tax bracket, the old bracket it still in effect for your taxes up to the limit of your bracket. If your income goes over the upper limit of that bracket, the amount over is taxed in the new bracket.
The first $9k you make isn't taxed.
the next 29k is taxed at 12%
the next 31k after that is taxed at 22%
the next 90k is taxed at 24% and so on.

If you hit that 22% bracket, only the income over the 12% bracket limit is taxed at the higher rate, and that's only if that's your income after deductions, otherwise any additional tax bracket you end up in when calculating taxes to take out of your check should come back to you come tax return time, unless the person who does your taxes is completely inept.

Also, the price of your chips and soda probably has more to do with you buying them in a gas station (notoriously higher markups) than it has anything to do with CA taxes or whatever. You probably could have gotten the same stuff for about a buck or two less at a grocery store.

Some of the guys relocated to Stockton at my work for about a month. They all said it's not worth it and that they're losing more money than gaining.

Gas station or not, a bag of chips and a soda four years ago was about two bucks. Portion sizes are smaller, cost dramatically increases and now they're trying to tax conversations.

I stand by my statement. Fuck California.

Oddly enough, that's a common thought with people when they hear "a new tax bracket." Most people don't actually understand how taxes work. No matter how much you earn, you will never pay more than you earn in taxes, it's 100% impossible (excluding things like you know, not paying taxes for years and accumulatively owing a ridiculously large amount of taxes that exceeds what you earn in a year.) You will only ever gain by working more hours unless you're a salaried employee, then your company is just fucking you in the ass at their leisure because they legally can.

By "losing more than gaining", they're saying once they hit the 60 hours it isn't worth it because the taxes dramatically increase. Almost exactly 25% of my check is taxed by California. I get about 700-800 dollars in return every year, More than one full work day a week is going to the government. Can't afford to give them more.

[Dream]

Found out if I exceed 60 hours in one work week that my tax rate will dramatically increase.

From now on if I hit 50 hours before the end of the week, I'm taking the rest of the week off. Total nonsense.

Also, I stopped at a gas station a few hours ago and paid 4 dollars and 48 cents for a can of Coke and small bag of chips.

Fuck California.

That's not how taxes work.

If you go up the tax bracket, the old bracket it still in effect for your taxes up to the limit of your bracket. If your income goes over the upper limit of that bracket, the amount over is taxed in the new bracket.
The first $9k you make isn't taxed.
the next 29k is taxed at 12%
the next 31k after that is taxed at 22%
the next 90k is taxed at 24% and so on.

If you hit that 22% bracket, only the income over the 12% bracket limit is taxed at the higher rate, and that's only if that's your income after deductions, otherwise any additional tax bracket you end up in when calculating taxes to take out of your check should come back to you come tax return time, unless the person who does your taxes is completely inept.

Also, the price of your chips and soda probably has more to do with you buying them in a gas station (notoriously higher markups) than it has anything to do with CA taxes or whatever. You probably could have gotten the same stuff for about a buck or two less at a grocery store.

Some of the guys relocated to Stockton at my work for about a month. They all said it's not worth it and that they're losing more money than gaining.

Gas station or not, a bag of chips and a soda four years ago was about two bucks. Portion sizes are smaller, cost dramatically increases and now they're trying to tax conversations.

I stand by my statement. Fuck California.

Oddly enough, that's a common thought with people when they hear "a new tax bracket." Most people don't actually understand how taxes work. No matter how much you earn, you will never pay more than you earn in taxes, it's 100% impossible (excluding things like you know, not paying taxes for years and accumulatively owing a ridiculously large amount of taxes that exceeds what you earn in a year.) You will only ever gain by working more hours unless you're a salaried employee, then your company is just fucking you in the ass at their leisure because they legally can.

By "losing more than gaining", they're saying once they hit the 60 hours it isn't worth it because the taxes dramatically increase. Almost exactly 25% of my check is taxed by California. I get about 700-800 dollars in return every year, More than one full work day a week is going to the government. Can't afford to give them more.

The biggest jump in taxes is that first 12% to 22% jump. It's a 10% difference for the income over the 38,700 bracket (again that's earnings after your deduction) If you earn $500 over that second tax bracket number, $60 of it would normally go to the government. Instead $110 of it will go to the government leaving you with an extra $390 you wouldn't otherwise have.


And again, if after deductions your income falls below that 38,700 bracket, you will get the extra 10% you paid on that $500 back in a refund, at a minimum.


If you don't, you need to go somewhere else to get your taxes done because they likely don't know what they are doing.

California's highest tax bracket is 13.3% on incomes of 1 million+

[Jason]

A big gripe for me is the government pocketing 25% of my check and then leaving me in charge of the amount they owe me back. If someone isn't as good as another person doing taxes, the government reaps the benefit.