Americans! How much taxes do you pay for... - GoFuckYourself.com

shima · 08-31-2003, 01:35 PM

I'm wondering how much taxes do American companies pay for their yearly income? Do you have a certain percentage?

jscott · 08-31-2003, 01:41 PM

if you have a normal job where the company takes taxes out per paycheck they get about 22-26% taxes taken

if you're talking about adult sites etc it should'nt be as much because now you have business costs....tax deductable shit, hosting, advertising, computer hardware/software, internet costs etc etc

TheSaint · 08-31-2003, 02:43 PM

For 2002, this is the corporate rate:

2002 Corporate Tax Rates

Rate Taxable Income

15% $0-50,000
25% 50,001-75,000
34% 75,001-100,000
39% 100,001-335,000
34% 335,001-10,000,000
35% 10,000,001-15,000,000
38% 15,000,001-18,333,333
35% Over 18,333,333

*Personal service corporations pay a flat 35%

This is on NET income, so if you are the director and you happen to pay yourself a bonus equal to your net income, then the tax is 0.

But most states have a corporate tax too, or at least a franchise fee.

irishfury · 08-31-2003, 03:10 PM

Taxes AKA Legal Jack Moves

besterman · 08-31-2003, 03:14 PM

I swear this is the stupidest tax code I've ever seen:

39% 100,001-335,000

Why in the world would the tax go up in this range but be less above or below it? It's like either an incentive to really succeed or not try at all, but not inbetween.

... · 08-31-2003, 03:28 PM

Quote:

Originally posted by scorpion3600
I swear this is the stupidest tax code I've ever seen:

39% 100,001-335,000

Why in the world would the tax go up in this range but be less above or below it? It's like either an incentive to really succeed or not try at all, but not inbetween.

Yea, that doesn't sound right.

Why · 08-31-2003, 03:44 PM

Quote:

Originally posted by scorpion3600
I swear this is the stupidest tax code I've ever seen:

39% 100,001-335,000

Why in the world would the tax go up in this range but be less above or below it? It's like either an incentive to really succeed or not try at all, but not inbetween.

its the most unfavorable tax bracket to be in. thats why you get a really good accountant to either prop you over or it. or keep you under it... plus i think there is a flat fee involved in certain tax brackets as well as the percentage of income.

playa · 08-31-2003, 03:57 PM

don't forget about sales tax

crockett · 08-31-2003, 04:00 PM

I was just looking for this info aswell... trying to find a table that gives the tax deductions that employers go by for their workers...

anyone know of one off hand?

TheSaint · 08-31-2003, 05:24 PM

Quote:

Originally posted by scorpion3600
I swear this is the stupidest tax code I've ever seen:

39% 100,001-335,000

Why in the world would the tax go up in this range but be less above or below it? It's like either an incentive to really succeed or not try at all, but not inbetween.

Its the infamous "bubble" created a few years ago late at night in a deal in Congress.

Remember, it does not help you to get above the bubble. You still pay 39% on every dollar for 100K to 335K.

lexr · 08-31-2003, 05:35 PM

Quote:

Originally posted by TheSaint

Its the infamous "bubble" created a few years ago late at night in a deal in Congress.

Remember, it does not help you to get above the bubble. You still pay 39% on every dollar for 100K to 335K.

Yeah, pretty stupid. I get asked about that by like one third of my clients. It's the dumbest thing ever created. I can almost understand higher tax rates as you move up in the brackets, but definitely not bubbles like that. Why go up and then go back down in %? Someone was on crack one day at work.

I Am The Walrus · 08-31-2003, 05:45 PM

what are 'taxes' ?

and why would i need to pay them if i am running porn sites?

SpeakEasy · 08-31-2003, 06:31 PM

Quote:

Originally posted by playa
don't forget about sales tax

also, state taxes, fica, unemployment, etc.... Federal tax is not the only tax that has to be paid

slapass · 08-31-2003, 09:52 PM

but if you hit the bubble the SE tax falls off. So saving that 15% there.

lexr · 08-31-2003, 10:04 PM

Quote:

Originally posted by slapass
but if you hit the bubble the SE tax falls off. So saving that 15% there.

12.4%

Still got to pay the 2.9% to Medicare since it has no ceiling.

But that only applies to your personal income and not on the tax on money belonging to the corporation.

Paul Markham · 08-31-2003, 10:10 PM

Quote:

Originally posted by I Am The Walrus
what are 'taxes' ?

and why would i need to pay them if i am running porn sites?

The way you talk I doubt if you are old enough to pay tax.

Wait until you leave school and start flipping burgers, then you will understand.

08-31-2003, 01:35 PM	#1
shima Confirmed User Industry Role: Join Date: May 2003 Location: Office, as usual Posts: 1,753	Americans! How much taxes do you pay for... I'm wondering how much taxes do American companies pay for their yearly income? Do you have a certain percentage?

08-31-2003, 03:10 PM	#4
irishfury Confirmed User Join Date: Aug 2003 Location: In the hearts of cowards Posts: 2,611	Taxes AKA Legal Jack Moves __________________ Trust no one there all snakes

08-31-2003, 04:00 PM	#9
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	I was just looking for this info aswell... trying to find a table that gives the tax deductions that employers go by for their workers... anyone know of one off hand? __________________ In November, you can vote for America's next president or its first dictator.

08-31-2003, 01:41 PM	#2
jscott So Fucking Banned Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 25,198	if you have a normal job where the company takes taxes out per paycheck they get about 22-26% taxes taken if you're talking about adult sites etc it should'nt be as much because now you have business costs....tax deductable shit, hosting, advertising, computer hardware/software, internet costs etc etc

08-31-2003, 02:43 PM	#3
TheSaint Confirmed User Join Date: Jun 2003 Location: Everywhere at once Posts: 991	For 2002, this is the corporate rate: 2002 Corporate Tax Rates Rate Taxable Income 15% $0-50,000 25% 50,001-75,000 34% 75,001-100,000 39% 100,001-335,000 34% 335,001-10,000,000 35% 10,000,001-15,000,000 38% 15,000,001-18,333,333 35% Over 18,333,333 *Personal service corporations pay a flat 35% This is on NET income, so if you are the director and you happen to pay yourself a bonus equal to your net income, then the tax is 0. But most states have a corporate tax too, or at least a franchise fee.

08-31-2003, 03:14 PM	#5
besterman Confirmed User Join Date: Jan 2003 Posts: 623	I swear this is the stupidest tax code I've ever seen: 39% 100,001-335,000 Why in the world would the tax go up in this range but be less above or below it? It's like either an incentive to really succeed or not try at all, but not inbetween.

08-31-2003, 03:57 PM	#8
playa Confirmed User Join Date: Feb 2001 Location: atlanta, GA Posts: 6,432	don't forget about sales tax

08-31-2003, 05:45 PM	#12
I Am The Walrus Confirmed User Join Date: Aug 2003 Posts: 1,000	what are 'taxes' ? and why would i need to pay them if i am running porn sites?

08-31-2003, 09:52 PM	#14
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	but if you hit the bubble the SE tax falls off. So saving that 15% there.