what was your taxable income for 2003?

[posol]

i'm working on my taxes, and well, i'm just curious to see what other folks are doing.

if you have a wife, or whatever- don't count her, or if you do, divide by 2. 98% of us in here are single I'd say anyway.

My taxable income was 43,632.86 in 2003. not bad at all IMO for a college dropout.

 

[djyox]

something like 21k, not bad either for jumping from job to job and hardly working...


BTW, if anyone is hiring in the twincities, MN let me know, I need a job!!! lol

 

[xj0hnx]

WoooWooooo 20,000-30,000 crew

 

[DarkHand]

Taxable income in 2003 was 12,000 something, but I only worked 6 months. So I voted as if it were for a whole year, at 24,000

 

[TurboMirage]

23k. not bad for 20 and almost a BA.

 

[reckedracing]

do you have this site set up as a schedule C?
you could prob get quite a loss from a sole proprieter business entity to offset your income...?

 

[hybrid89]

$69,836.43..just shy o 70k. good money though and I am definately not complaining. no degree!

matt

 

[JDMilan]

taxable - 15k

there is about 25k floating around

 

[mdlax1]

62

 

[Hatchbacks Anonymous]

Damn, I thought I made a pretty decent amount, but I'm almost at the bottom.

13k

 

[complicity]

About $21,600. Considering I'm only 20, I'm happy with that.

 

[randerson165]

In 2002, I made about 7K, then I recieved a child tax credit for my son and recieved $3500 back from overpayment !!! Kids Own......

2003, I made 27K, just enough to qualify and this time I brought in $4600 from overpayment !!! Kids Own......

 

[MaaseyRacer]

$38,563. Best I have done in a while. However I had to pay a shit load in taxes as majority of my work is as a private consultant, so I have to pay social security and medicare myself, instead of having it pulled from my checks.

 

[reckedracing]

yea, and you get hit with the self employment tax

and you have to pay the full 15 percent for SS, instead of your employer paying 7.5 and you paying 7.5

 

[NotUrAverage_Si]

10k

but then again I still live at home and only have to pay for my cellphone bill, car and the insurance, well not even insurance right now but when it starts up again I'll have to.

 

[MiguelDelFuego]

120k yep im in the 25% group

 

[90 accord]

Originally posted by MiguelDelFuego@Apr 9 2004, 01:47 PM
120k yep im in the 25% group

wow, what do you do for a living?



i made 12000 in 9 months, but this year i am on pace for 20,000ish, not to bad being 19,.. the good thing is that i dont have any bills, no car payment, and my parents cover insurance for me

my parents = awsome!

 

[posol]

ok, you all missed the point of this thread.

I asked what was your TAXABLE income. not your gross. lol

 

[MiguelDelFuego]

So what do you mean by TAXABLE if not Gross? Net eh? I claim 120k with a 12% deduction for state and fed. I pick up the rest from deductions.

Director of Sales <- Job title not accountant.

 

[posol]

well, you enter your gross...
then you enter 4750 for yourself and all that crap
and then, there is a line, that says "this is you r adjusted gross income"

it's the number you use to 'look up yoru tax' in the back of the book