Uncle Sam just took a giant bite out of my C10 - The 1947 - Present Chevrolet & GMC Truck Message Board Network

JesseSimon · 03-03-2009, 03:28 PM

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?

**SactoJim** · 03-03-2009, 03:31 PM

Nothing like being penalized for working harder.

I feel your pain my friend!

Stock72c10 · 03-03-2009, 03:50 PM

Welcome to the real world! Enjoy those nice roads your taxes helped build

At least your truck taxes should be pretty low (tags & taxes only run $17/year here in KS).

JesseSimon · 03-03-2009, 03:52 PM

Arkansas roads are terrible...

imholte · 03-03-2009, 03:59 PM

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.

jbristo67 · 03-03-2009, 04:03 PM

Quote:

Originally Posted by JesseSimon

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?

Actually it cost you 1850

JesseSimon · 03-03-2009, 04:32 PM

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.

yotaforce · 03-03-2009, 11:08 PM

Quote:

Originally Posted by JesseSimon

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.

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.

weircc · 03-03-2009, 04:41 PM

lol i think your truck looks like Sylvester Stallone's lip

**leddzepp** · 03-03-2009, 05:04 PM

Quote:

Originally Posted by weircc

lol i think your truck looks like Sylvester Stallone's lip

kinda looks like Billy Idol's lip

big_al_71 · 03-03-2009, 06:13 PM

I would much rather owe, I have not had a refund in I dont know how many years.....

**El Jay** · 03-03-2009, 10:50 PM

Quote:

Originally Posted by big_al_71

I would much rather owe, I have not had a refund in I dont know how many years.....

I agree. I hate giving the governments interest free loans.
My checks will be posted about 14 Apr., just to avoid the rush.

GOPAPA · 03-03-2009, 04:52 PM

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 ?

greygoose · 03-03-2009, 04:56 PM

Keep your head up buddy,it's only a test of your faith to see if you really love these trucks.

hchad18 · 03-03-2009, 04:58 PM

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.

jbristo67 · 03-04-2009, 01:02 AM

Quote:

Originally Posted by GOPAPA

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 ?

Speak for yourself I got 11 grand back..............too bad I also got laid off

JesseSimon · 03-03-2009, 06:23 PM

It does kinda look like Sly or Elvis. Good call....I dunno much about Idol, I was a little guy in his day.

**leddzepp** · 03-03-2009, 06:25 PM

Quote:

Originally Posted by JesseSimon

It does kinda look like Sly or Elvis. Good call....I dunno much about Idol, I was a little guy in his day.

Idol is younger than both Sly and Elvis...

msgross · 03-03-2009, 06:26 PM

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.

Number98 · 03-03-2009, 06:29 PM

67_C-30 · 03-03-2009, 06:32 PM

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.

Castiron9 · 03-03-2009, 07:01 PM

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...........

norske · 03-03-2009, 07:23 PM

If I become a CEO, I only want to make $249,999.99, so I won't need a second job to pay taxes.

ChevLoRay · 03-04-2009, 02:16 PM

Quote:

Originally Posted by Castiron9

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...........

We got peep's in Arkansas who are computer illegitimate. Piping in sunshine from day-to-day.....electricity that goes out for two weeks at a time....makes newspapers the most reliable form of communication of all that's fit to print.

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.

**leddzepp** · 03-03-2009, 07:31 PM

Whatever Obama gives me, Arnold just takes away

03-03-2009, 03:28 PM	#1
JesseSimon Asks alot of questions Join Date: Feb 2009 Location: Rogers, Arkansas Posts: 231	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? __________________ 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)

03-03-2009, 03:31 PM	#2
SactoJim Registered User Join Date: Oct 2005 Location: Sacramento, CA Posts: 1,970	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! __________________ 72 Cheyenne SWB Fleet Nut & bolt frame off in progress...99.9999% - supercharged 383 - 4 wheel discs - relocated fuel tank - My Build Thread

03-03-2009, 03:50 PM	#3
Stock72c10 classic=of recognized value Join Date: Sep 2008 Location: Wichita, KS Posts: 317	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 At least your truck taxes should be pretty low (tags & taxes only run $17/year here in KS).

03-03-2009, 03:52 PM	#4
JesseSimon Asks alot of questions Join Date: Feb 2009 Location: Rogers, Arkansas Posts: 231	Re: Uncle Sam just took a giant bite out of my C10 Arkansas roads are terrible... __________________ 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)

03-03-2009, 03:59 PM	#5
imholte Registered User Join Date: Sep 2007 Location: Oregon Posts: 123	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. __________________ 72' Custom10 4wd 350: Daily Driver

03-03-2009, 04:32 PM	#7
JesseSimon Asks alot of questions Join Date: Feb 2009 Location: Rogers, Arkansas Posts: 231	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. __________________ 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)

03-03-2009, 04:41 PM	#9
weircc Registered User Join Date: Dec 2008 Location: richmond, MO Posts: 794	Re: Uncle Sam just took a giant bite out of my C10 lol i think your truck looks like Sylvester Stallone's lip

03-03-2009, 06:13 PM	#11
big_al_71 Registered User Join Date: Jun 2008 Location: South Florida Posts: 11,375	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..... __________________ 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

03-03-2009, 04:52 PM	#13
GOPAPA Registered User Join Date: Oct 2007 Location: Nampa Idaho Posts: 7,558	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 ?

03-03-2009, 04:56 PM	#14
greygoose Registered User Join Date: Mar 2008 Location: N.C. Posts: 250	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. __________________ If it ain't a chevy,I don't want it

03-03-2009, 04:58 PM	#15
hchad18 Registered User Join Date: Mar 2006 Location: AZ Posts: 372	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.

03-03-2009, 06:23 PM	#17
JesseSimon Asks alot of questions Join Date: Feb 2009 Location: Rogers, Arkansas Posts: 231	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. __________________ 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)

03-03-2009, 06:26 PM	#19
msgross Registered User Join Date: Jul 2006 Location: Central PA Posts: 12,201	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. __________________ 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"

03-03-2009, 06:29 PM	#20
Number98 Prestige Worldwide Join Date: Feb 2001 Location: Worldwide Posts: 2,552	Re: Uncle Sam just took a giant bite out of my C10

03-03-2009, 06:32 PM	#21
67_C-30 I have a radical idea! Join Date: Jan 2005 Location: Sweet Home Alabama! Posts: 6,513	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. __________________ '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!



Register or Log In To remove these advertisements.

03-03-2009, 07:01 PM	#22
Castiron9 72 LONGHORN OWNER Join Date: Sep 2002 Location: Seattle Wash. Posts: 963	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........... __________________ 72-SUPER CHEYENNE/20 LONGHORN 70-C/30 DUALLY

03-03-2009, 07:23 PM	#23
norske Registered User Join Date: Dec 2008 Location: Austin, MN Posts: 117	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.

03-03-2009, 07:31 PM	#25
leddzepp Moderator Join Date: May 2007 Location: Southern Cal Posts: 20,053	Re: Uncle Sam just took a giant bite out of my C10 Whatever Obama gives me, Arnold just takes away

Register or Log In To remove these advertisements.