Whats the Income Tax % in NY??

[Slcareco]

How much does the gov. make off your earnings in a year??? In new york pref... or other states just for an idea...

[AI Inc]

5.7 % in Mass

[Slcareco]

5.7 % in Mass

Now is that all you get taken out by the gov?? (income tax)

[AI Inc]

Thats the state , then there is federal on top of that.

[Slcareco]

whats the federal %?

[edgeman2003]

I had some of the same questions when I started. I found a website that calculates all the taxes, all I had to do is fill in the blanks with gross pay, allowances, state, and other deductions. It free to use. Then I think they might have a link to a quick book payroll software to use also. So since I work a full-time job else where, I wanted to see how close it came to calculate my net or take home pay. So I enter all my info from my pay stub. It came close, the website took a few more dollars then what is taken out now. so it almost dead on to what I would bring home. here is the link: http://www.payroll-taxes.com/calculators.htm

[AI Inc]

whats the federal %?

If your successful , upwards of 35% , if you suck at what you do , its not that much.

[edgeman2003]

it was off by $6 due to my life insurance after tax deductions which makes it exact. it gave me the same as the pay stub. question, do you guys send your taxes in monthly , quarterly or yearly? thanks

[Slcareco]

Edgeman thanks for the link!!

How the hell do you make good money by being fully legit and getting like 40% taken out if ur really good all together??

[AztlanLC]

I'm not Joe the plumber and I'd happy to pay 30% after making 250k

[Slcareco]

250 doing what?? and is that net?

[AztlanLC]

You only pay taxes on the money that you put in your pockets after all deductions, health insurance, simple ira plan, etc etc.
If you don't think you can make a decent living in this industry maybe it's time to reconsider you plans for the future.
I started my business back in 2000 and every single season for he past 7 years have seeing 2 or more new companies emerge and at the same time the same going under but this season was so much different I didn't notice new companies but saw several call it quits mid season we actually were the opposite we grew 25-30% this year maybe we won't next season but I'm sure we will stay on business since we are financially capable.

[Slcareco]

Doing just maintenance? What towns?