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It's that time of the year!!!!!(Tax Season)

 
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lipstickwhore View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote lipstickwhore Quote  Post ReplyReply Direct Link To This Post Topic: It's that time of the year!!!!!(Tax Season)
    Posted: Feb 22 2014 at 5:25pm
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KingsQueen9810 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote KingsQueen9810 Quote  Post ReplyReply Direct Link To This Post Posted: Feb 22 2014 at 4:55pm
Lord knows I need some new hair but because IT IS tax season and everybody and they mama gonna be investing in some hair I'm scared to buy because all the good stuff might be gone and here comes the "virgin" mix sitting at my door *sigh* UnhappyThumbs DownSickCryPinch
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Aihtnyck Quote  Post ReplyReply Direct Link To This Post Posted: Feb 15 2014 at 1:34pm
Oooooook, I get it now Thumbs Up
Basically where I live it's the contrary : the tax is also on a sliding scale but they substract what is deductible before taking the money, and then if there's a change in the situation we declared we eventually pay it back ! 
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Post Options Post Options   Thanks (3) Thanks(3)   Quote NARSAddict Quote  Post ReplyReply Direct Link To This Post Posted: Feb 14 2014 at 8:56pm
Originally posted by Aihtnyck Aihtnyck wrote:

[
Ooooooooh. Okay. Thanks for you explanation girl ! 
But what exactly is the point of the government taking money from you all the year long, if it is to give it back after ? Confused


I will answer this question to the best of my knowledge. Because the government "takes" too much based on how folks fill out their W-2.  I don't know what country you reside but in the US, well on a federal level, your income taxed on a sliding scale.  Like if you make 50k, you will be taxed around 35% give or take.  But you will get some money back if you are in school(books, tuition, supplies, etc), have kids (big money here), or any other tax-deductible donation made during the previous year.  That is the gist of it.
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Brown Sugah Quote  Post ReplyReply Direct Link To This Post Posted: Feb 14 2014 at 8:08pm
Originally posted by Aihtnyck Aihtnyck wrote:

Okay, someone has to explain this to me Geek
I don't live in the US, so I don't understand why is everyone raving about this "tax season" !! 
I did Google, but I still don't get what is so special about a period when you have to gather papers to pay a tax Wacko

Pretty much ppl get tax refunds so they use some of that to make purchases on things they've been wanting Star

I'm going to try some Sassy Mitchell Tight Curl but I'm not sure if I'll be super thirsty for the hair to install it nxt month..what ya think?!?!?!
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Aihtnyck View Drop Down
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Post Options Post Options   Thanks (2) Thanks(2)   Quote Aihtnyck Quote  Post ReplyReply Direct Link To This Post Posted: Feb 14 2014 at 7:07pm
Originally posted by iChinaaBanks iChinaaBanks wrote:


*sigh*...can we NOT do this?

Do what ? Explain the whole thing ? That's okay, I'll just go annoy the people on Yahoo Answers with my questions LOL
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Post Options Post Options   Thanks (2) Thanks(2)   Quote iChinaaBanks Quote  Post ReplyReply Direct Link To This Post Posted: Feb 14 2014 at 6:54pm
Originally posted by Aihtnyck Aihtnyck wrote:

Originally posted by iChinaaBanks iChinaaBanks wrote:

All year, our government takes money out of our paychecks (tax).  In January, we gather our work W2 forms and file for a tax return to get the money back the government collected from us all year.

ETA: Some people use the money they get back to pay bills, buy new hair, & shop. Others just leave it in their bank accounts.

Ooooooooh. Okay. Thanks for you explanation girl ! 
But what exactly is the point of the government taking money from you all the year long, if it is to give it back after ? Confused

*sigh*...can we NOT do this?
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Aihtnyck View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Aihtnyck Quote  Post ReplyReply Direct Link To This Post Posted: Feb 14 2014 at 6:44pm
Originally posted by iChinaaBanks iChinaaBanks wrote:

All year, our government takes money out of our paychecks (tax).  In January, we gather our work W2 forms and file for a tax return to get the money back the government collected from us all year.

ETA: Some people use the money they get back to pay bills, buy new hair, & shop. Others just leave it in their bank accounts.

Ooooooooh. Okay. Thanks for you explanation girl ! 
But what exactly is the point of the government taking money from you all the year long, if it is to give it back after ? Confused
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iChinaaBanks View Drop Down
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Post Options Post Options   Thanks (3) Thanks(3)   Quote iChinaaBanks Quote  Post ReplyReply Direct Link To This Post Posted: Feb 14 2014 at 6:29pm
Originally posted by Aihtnyck Aihtnyck wrote:

Okay, someone has to explain this to me Geek
I don't live in the US, so I don't understand why is everyone raving about this "tax season" !! 
I did Google, but I still don't get what is so special about a period when you have to gather papers to pay a tax Wacko

All year, our government takes money out of our paychecks (tax).  In January, we gather our work W2 forms and file for a tax return to get the money back the government collected from us all year.

ETA: Some people use the money they get back to pay bills, buy new hair, & shop. Others just leave it in their bank accounts.


Edited by iChinaaBanks - Feb 14 2014 at 6:30pm
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Aihtnyck View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Aihtnyck Quote  Post ReplyReply Direct Link To This Post Posted: Feb 14 2014 at 6:19pm
Okay, someone has to explain this to me Geek
I don't live in the US, so I don't understand why is everyone raving about this "tax season" !! 
I did Google, but I still don't get what is so special about a period when you have to gather papers to pay a tax Wacko
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