Blockland Forums > General Discussion
Version 20?
Reinforcements:
--- Quote from: Kalphiter on August 10, 2011, 11:05:16 PM ---Badspot keeps $9 out of $20
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Where does that $11 go?
MegaScientifical:
--- Quote from: Reinforcements on August 11, 2011, 07:00:08 PM ---Where does that $11 go?
--- End quote ---
Paypal, transactions. Must you really ask?
phflack:
--- Quote from: MegaScientifical on August 11, 2011, 07:25:36 PM ---Paypal, transactions. Must you really ask?
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taxes too i think?
Chrono:
--- Quote from: Reinforcements on August 11, 2011, 07:00:08 PM ---Where does that $11 go?
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I can't seem to find the post about it.
Chrono:
Oh because it's in a board I can't view.
Good thing someone quoted it.
--- Quote ---Ho ho ho. Good one.
Lets take a look at how my taxes break down.
I'm in the 3rd income bracket for federal taxes - that means I pay 25%. Then there's FICA which is 7.65% - oh wait since I'm self employed and your employer usually matches that amount I have to pay double - so that's 15.3% (note: employer "matching" is the biggest scam going in the tax code - it's all your money, they just don't want you to see how much they're taking). Then there's Oregon income tax which is 9%.
25 + 15.3 + 9 = 49.3%
Oh and the credit card company and paypal take about a buck total from my $20.
So 19 * 50.7% (my share) = $9.63
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It's probably changed since then.