I make $2,000,000 a year so my tax bracket is 37%. $2,000,000 times .37 is $740,000 so I pay $740,000 in federal income tax. I then pay another $124,000 into Social Security. So I’m already down $864,000, so far I have $1,136,000 left. I then pay another $29,000 to Medicare every year so I pay $893,000 in taxes every year.
I also have to pay income tax in Germany which is 45% Since I live in America do they 45 - 37 which is 8%. So I pay $160,000 to the Federal Republic of Germany every year. So I have $1,107,000 left. Then I have to pay a 3.5% state income tax in Bavaria. So I have to pay another $70,000. So I’m now left with $1,037,000. Also Texas and the federal government usually take half my capital gains.
Edit: I just found out my accountant has been stealing from me. I fired him and he's been arrested.
When I originally posted this I was still at work I had a fifteen minute window where I didn’t have anything to do so I just went on .win saw this and I thought my comment would add to the post.
About an hour later I check .win again to see if anyone responded to my comment. I start seeing all the comments that say this can’t be right, the math is wrong, etc. So I emailed my files that my accountant sends over on a regular basis to me to my buddy in finance.
He looks at it for fifteen minutes and says he’s definitely stealing money from you. “You don’t pay $124,000 into Social Security.”
So me and him drive to where I live and report it to the police. The police forwarded it to an ADA, then the ADA got a warrant for his arrest, then the next thing you know he’s confessing to the entire thing.
In Amerika.Ich lerne zum Spaß. Mein Deutsch ist nicht gut. Ich lerne.
So, that sentence sort of confused me. I know "schon" as beautiful. You asked me if I am learning german in america or if I am in Germany? Is this right?
Let me tell you something about taxes.
I make $2,000,000 a year so my tax bracket is 37%. $2,000,000 times .37 is $740,000 so I pay $740,000 in federal income tax. I then pay another $124,000 into Social Security. So I’m already down $864,000, so far I have $1,136,000 left. I then pay another $29,000 to Medicare every year so I pay $893,000 in taxes every year.
I also have to pay income tax in Germany which is 45% Since I live in America do they 45 - 37 which is 8%. So I pay $160,000 to the Federal Republic of Germany every year. So I have $1,107,000 left. Then I have to pay a 3.5% state income tax in Bavaria. So I have to pay another $70,000. So I’m now left with $1,037,000. Also Texas and the federal government usually take half my capital gains.
Edit: I just found out my accountant has been stealing from me. I fired him and he's been arrested.
Would you not pay lower taxes in the lower bracket running up to your 2 mil total?
Only if he is employed. Self-employed have to pay double because there is no employer to contribute the other half.
That's how it's supposed to work
Sad. I got $3.5 million from the russians,, tax free. I'm not even gonna' mention the chinese...
Hahahaha this is hilarious. A math pee was pointing out how this doesn't add up. And justice got served!
My ex-accountant cried like a little bitch when he got arrested according to my lawyer.
Lol what!? This actually happened today in the span of you posting? Please tell me that’s true.
When I originally posted this I was still at work I had a fifteen minute window where I didn’t have anything to do so I just went on .win saw this and I thought my comment would add to the post.
About an hour later I check .win again to see if anyone responded to my comment. I start seeing all the comments that say this can’t be right, the math is wrong, etc. So I emailed my files that my accountant sends over on a regular basis to me to my buddy in finance.
He looks at it for fifteen minutes and says he’s definitely stealing money from you. “You don’t pay $124,000 into Social Security.”
So me and him drive to where I live and report it to the police. The police forwarded it to an ADA, then the ADA got a warrant for his arrest, then the next thing you know he’s confessing to the entire thing.
Joe Biden really screwed up his ex-accountant's gig. Come on man!
I own property in Germany that I rent to other people.
Sprechen sie Deutsch? Ich nehme Deutschunterricht.
Lernst du Deutch in Amerika oder bist du schon da?
In Amerika.Ich lerne zum Spaß. Mein Deutsch ist nicht gut. Ich lerne.
So, that sentence sort of confused me. I know "schon" as beautiful. You asked me if I am learning german in america or if I am in Germany? Is this right?