Personal Finance

If you make 50K a year how much tax do you have to pay?

  • Last Updated:
  • Apr 15th, 2005 12:41 am
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Mar 17, 2003
7742 posts
danfromwaterloo wrote:No, that's why you pay to get an accountant....a good accountant. ;)

If you drop a grand on an accountant, they'll usually get you back at least 4-5K in taxes.

LOL guess you did not follow it,thats all the tax that was paid period,talk to any accountant and you will see that for that income paying 14K at year end is more than decent as a subcontractor with minimal expenses in the financial sector. I do not pay installments I pay after my taxes have been completed and have done so for 15 years.

How can I be broke when I am saving so much?