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#1 |
Asks alot of questions
![]() Join Date: Feb 2009
Location: Rogers, Arkansas
Posts: 231
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Uncle Sam just took a giant bite out of my C10
Well, looks like my plans to get started on my c10 just got derailed! Did my taxes last night, looks like 6 brutal months of 3am paper routes as a second job Just cost me a grand. I watched my tax refund go from $900 down to -$950...unbelievable....
Anyone else feel like you gotta be a CEO of a horribly run company to get a help in hard times? Anyway bye-bye nice new wood bed! DOES THIS LOOK LIKE A TRUCK FROWN? ![]()
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MY STABLE: '66 C10 LWB turning it into a shortbed stepside '77 LWB (my daily driver).....oh its a FORD ahhhhh! '07 MAZDA 3 (the wife's ride) |
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#2 |
Registered User
![]() Join Date: Oct 2005
Location: Sacramento, CA
Posts: 1,970
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Re: Uncle Sam just took a giant bite out of my C10
Nothing like being penalized for working harder.
I feel your pain my friend!
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72 Cheyenne SWB Fleet Nut & bolt frame off in progress...99.9999% - supercharged 383 - 4 wheel discs - relocated fuel tank - ![]() My Build Thread |
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#3 |
classic=of recognized value
Join Date: Sep 2008
Location: Wichita, KS
Posts: 317
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Re: Uncle Sam just took a giant bite out of my C10
Welcome to the real world! Enjoy those nice roads your taxes helped build
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#4 |
Asks alot of questions
![]() Join Date: Feb 2009
Location: Rogers, Arkansas
Posts: 231
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Re: Uncle Sam just took a giant bite out of my C10
Arkansas roads are terrible...
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MY STABLE: '66 C10 LWB turning it into a shortbed stepside '77 LWB (my daily driver).....oh its a FORD ahhhhh! '07 MAZDA 3 (the wife's ride) |
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#5 |
Registered User
Join Date: Sep 2007
Location: Oregon
Posts: 123
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Re: Uncle Sam just took a giant bite out of my C10
You need to change your w-4 so that the gov takes out more money each check, that way you pay the tax over the whole year and not all at once.
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72' Custom10 4wd 350: Daily Driver |
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#6 | |
resident oilfield trash
Join Date: Jan 2009
Location: Lubbock TX
Posts: 1,465
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Re: Uncle Sam just took a giant bite out of my C10
Quote:
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1967 SWB C10 396/400 factory air factory tach (sadly had to send to a new home) 1986 Honda 70 Fourtrax 1991 Chevrolet K5 blazer 2wd 1982 Mastercraft Pro Star 190 Stars and Stripes 2002 Chevrolet Tahoe 2011 Nissan Armada ![]() |
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#7 |
Asks alot of questions
![]() Join Date: Feb 2009
Location: Rogers, Arkansas
Posts: 231
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Re: Uncle Sam just took a giant bite out of my C10
You're very right it did cost me 1850. I dont get a W-4, its a 1099 MSC. Newspaper companies screw the carriers by not employing them but signing them as independent contractors. So you pay taxes as a self-employed person would.
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MY STABLE: '66 C10 LWB turning it into a shortbed stepside '77 LWB (my daily driver).....oh its a FORD ahhhhh! '07 MAZDA 3 (the wife's ride) |
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#8 |
Registered User
Join Date: Oct 2007
Location: Rutherfordton, NC
Posts: 89
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Re: Uncle Sam just took a giant bite out of my C10
I estimate my taxes every quarter to be about 15%, and then I send the US Treasury dept. their money four times a year. I don't usually make alot of money (that they know of) and I get most of it back! Never wait till the end of the year to pay taxes.
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When life gives you lemons, make lemonade. When I was laid off, I opened my own business. So now I need a bailout to keep my business open, so I can hire more help, so I can stimulate our economy, so people can pay on their mortgage, so the mortgage company won't need a multi-billion dollar bailout! |
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#9 |
Registered User
Join Date: Dec 2008
Location: richmond, MO
Posts: 794
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Re: Uncle Sam just took a giant bite out of my C10
lol i think your truck looks like Sylvester Stallone's lip
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#10 |
Moderator
![]() Join Date: May 2007
Location: Southern Cal
Posts: 20,006
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Re: Uncle Sam just took a giant bite out of my C10
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#11 |
Registered User
Join Date: Jun 2008
Location: South Florida
Posts: 11,375
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Re: Uncle Sam just took a giant bite out of my C10
I would much rather owe, I have not had a refund in I dont know how many years.....
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Get your facts first, and then you can distort them as much as you please!!!!!. Sylvester's build thread >>>http://67-72chevytrucks.com/vboard/s...ht=big+rebuild |
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#12 | |
Gone to greener pastures
![]() Join Date: May 2007
Location: Gateway to the Delta
Posts: 7,354
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Re: Uncle Sam just took a giant bite out of my C10
Quote:
My checks will be posted about 14 Apr., just to avoid the rush.
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'69 Chevy 1/2 T LWB Stepper: Daily Beater '72 GMC 3/4 T Fleet: Another Daily Beater '72 Plymouth Gran Coupe: ? "Ah women. They make the highs higher and the lows more frequent." Friedrich Nietzsche "Never kick a fresh turd on a hot day." Harry S. Truman GUN CONTROL: Never having to say, "I missed you." Always fire two warning shots into your attacker's chest area before putting a bullet between his eyes. Paraphrased from Louis Awerbuck |
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#13 |
Senior Member
![]() Join Date: Oct 2007
Location: Nampa Idaho
Posts: 7,511
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Re: Uncle Sam just took a giant bite out of my C10
Bummer about your Income taxes .. You arn't alone on that one .
As for the frown on your truck ,yep ! it does look like a frown ..and while we are imagining what it looks like ..How about the Elvis Lip ? |
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#14 |
Registered User
Join Date: Mar 2008
Location: N.C.
Posts: 250
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Re: Uncle Sam just took a giant bite out of my C10
Keep your head up buddy,it's only a test of your faith to see if you really love these trucks.
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If it ain't a chevy,I don't want it |
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#15 |
Registered User
Join Date: Mar 2006
Location: AZ
Posts: 372
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Re: Uncle Sam just took a giant bite out of my C10
Had the same happened here but wasn't the government it was the dentist. Had a couple hundred to stimulate the engine rebuilders economic situation, but now its going to the dentist. At least its for bling somewhere, you just wont be able to see it in the back of my mouth.
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#16 |
resident oilfield trash
Join Date: Jan 2009
Location: Lubbock TX
Posts: 1,465
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Re: Uncle Sam just took a giant bite out of my C10
Speak for yourself I got 11 grand back..............too bad I also got laid off
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1967 SWB C10 396/400 factory air factory tach (sadly had to send to a new home) 1986 Honda 70 Fourtrax 1991 Chevrolet K5 blazer 2wd 1982 Mastercraft Pro Star 190 Stars and Stripes 2002 Chevrolet Tahoe 2011 Nissan Armada ![]() |
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#17 |
Asks alot of questions
![]() Join Date: Feb 2009
Location: Rogers, Arkansas
Posts: 231
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Re: Uncle Sam just took a giant bite out of my C10
It does kinda look like Sly or Elvis. Good call....I dunno much about Idol, I was a little guy in his day.
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MY STABLE: '66 C10 LWB turning it into a shortbed stepside '77 LWB (my daily driver).....oh its a FORD ahhhhh! '07 MAZDA 3 (the wife's ride) |
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#18 |
Moderator
![]() Join Date: May 2007
Location: Southern Cal
Posts: 20,006
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Re: Uncle Sam just took a giant bite out of my C10
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#19 |
Registered User
Join Date: Jul 2006
Location: Central PA
Posts: 12,201
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Re: Uncle Sam just took a giant bite out of my C10
Did you even make that much on the paper route? I pay about 10% tax on each paycheck..
Tri-pro automotive is having a sale on those grilles right now inthe parts board. They are a little dull but nicer than yours and cheap.
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The Garage: 1968 K-10 SWB - "Project Money Pit" 1996 Z-71 - "huntin rig" 1969 C-10 LWB (SOLD) "Project flip that truck or else" 1993 Passport, F@rd 1-ton (SOLD)"Project Cousin Eddie" My Garage Build "The 1,000 footer" |
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#20 |
Prestige Worldwide
![]() Join Date: Feb 2001
Location: Worldwide
Posts: 2,553
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Re: Uncle Sam just took a giant bite out of my C10
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#21 |
I have a radical idea!
Join Date: Jan 2005
Location: Sweet Home Alabama!
Posts: 6,513
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Re: Uncle Sam just took a giant bite out of my C10
I deal with the same thing with my swimming business. It takes my wife and I both claiming Single, and "0" at our regular jobs to offset the taxes, but the extra income is more than worth it.
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'67 C-30 Dually Pickup 6.2 Turbo Diesel, NP435 ‘72 C-10 SWB , 350 4bbl, TH350 '69 C-10 SWB , 250 L6, 3 OTT '69 GMC C3500, dump truck, 351 V6, NP435 '84 M1009 CUCV Military Blazer 67 C-30 Turbodiesel build thread http://67-72chevytrucks.com/vboard/s...d.php?t=254096 My trucks http://s226.photobucket.com/albums/d...ediafilter=all Member of the 1-Ton Club! |
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#22 |
72 LONGHORN OWNER
Join Date: Sep 2002
Location: Seattle Wash.
Posts: 963
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Re: Uncle Sam just took a giant bite out of my C10
Paper Route???????????You still have a paper to deliver I thought New's paper's were becoming extinct.At least here in Seattle they are...One news paper going under...Times are Changing...........
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72-SUPER CHEYENNE/20 LONGHORN 70-C/30 DUALLY |
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#23 |
Registered User
Join Date: Dec 2008
Location: Austin, MN
Posts: 117
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Re: Uncle Sam just took a giant bite out of my C10
If I become a CEO, I only want to make $249,999.99, so I won't need a second job to pay taxes.
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#24 | |
Old Skool Club
![]() Join Date: Jun 2001
Location: Benton, AR "The Heart of Arkansas"
Posts: 10,880
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Re: Uncle Sam just took a giant bite out of my C10
Quote:
Self-employment tax gurus want to remind you to pay income taxes, quarterly. If you don't, then Uncle Sam and Uncle Mike want to add on penalties. Been there, suffered through that. Sucks a big one when it gets into your "play" money.
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Member Nr. 2770 '96 GMC Sportside; 4.3/SLT - Daily driven....constantly needs washed. '69 C-10 SWB; 350/TH400 - in limbo The older I get, the better I was. |
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#25 |
Moderator
![]() Join Date: May 2007
Location: Southern Cal
Posts: 20,006
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Re: Uncle Sam just took a giant bite out of my C10
Whatever Obama gives me, Arnold just takes away
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