SnapThat
Senior Member
Cash: $ 26.48
Posts: 235
Joined: 07 Nov 2004
Location: Illinois
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Hey all,
I just finished reading Rich Dad Poor Dad and he talks a lot about how taxes are the largest expense for most people. Could someone please explain taxes to me and/or tell me where I can find more information on taxes? (I know basics... sort of)
Thanks,
SnapThat
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Mon Nov 08, 2004 3:14 am |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 796
Joined: 19 Sep 2004
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Yes most people pay around 1/3 of there income to taxes.... You don't have to file taxes if you make under 5000 a year(i think thats right)??? Usually you will want to do up the numbers to see if you will get money back as usually you will then file. If you owe and made under 5000 dont file 
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Mon Nov 08, 2004 1:04 pm |
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BlankenshipFP
Money Talk Advisor
Cash: $ 79.56
Posts: 390
Joined: 05 Oct 2004
Location: Illinois
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You might try the IRS web site for basic information on taxes (www.irs.gov). They have a ton of information on taxes if you're willing to dig around a little.
If you have a specific question, post it on the board and we'll do what we can to answer it.
Hope this helps -
Jim Blankenship, CFP®, EA
Blankenship Financial Planning, Ltd.
www.BlankenshipFinancial.com
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Tue Nov 16, 2004 6:35 pm |
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