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Bobby
Junior Artist Username: Bobby
Post Number: 258 Registered: 04-2008 Posted From: 207.70.163.246
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 12:23 pm: |
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Wellsfargo:Brother I have already told you. social security tax is not tax deductible. so the total taxable amount is 200k in both cases. Read the last paragraph from IRS.. http://www.irs.gov/taxtopics/tc503.html
hmm ok. got it... |
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Wellsfargo
Side Hero Username: Wellsfargo
Post Number: 4554 Registered: 06-2012 Posted From: 183.83.43.158
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 12:21 pm: |
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Bobby:In this case, you are paying less federal tax and more SSN tax. If you pay more SSN tax , that will come back , ofcourse whatever ratio ...but stil it is going to contribution where it has avenue to come back. Total Income 200000 ssn 14396 Taxable Amount 185604 Total Income 100000 100000 ssn 12000 12000 Taxable Amount 88000 88000 Total Taxable Amount: 176000 annaya..if you feel otherwise, let us know..I think always running two paychecks is better if you are going beyond 200K .
Brother I have already told you. social security tax is not tax deductible. so the total taxable amount is 200k in both cases. Read the last paragraph from IRS.. http://www.irs.gov/taxtopics/tc503.html |
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Bobby
Junior Artist Username: Bobby
Post Number: 257 Registered: 04-2008 Posted From: 207.70.163.246
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 11:51 am: |
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Vjawarrior:.better to file jointly rathre than individually.
Always better, any time |
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Bobby
Junior Artist Username: Bobby
Post Number: 256 Registered: 04-2008 Posted From: 207.70.163.246
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 11:49 am: |
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Wellsfargo:Naaku ardham kaaledu nee calculation. social security taxes are not tax deductable. Only state taxes are tas deductible that too if you are itemizing your deductions. The state taxes are deductible in any case whether you have one pay check or the other. for 200k, In case of two pay checks of 100k each social security tax : 24400 Medicare : 5800 Fed + state taxes on (200k-deductions) In case of one paycheck social security taxes : 14396 Medicate: 5800 Fed + state taxes on same (200k -deductions). so what is more beneficial?
In this case, you are paying less federal tax and more SSN tax. If you pay more SSN tax , that will come back , ofcourse whatever ratio ...but stil it is going to contribution where it has avenue to come back. Total Income 200000 ssn 14396 Taxable Amount 185604 Total Income 100000 100000 ssn 12000 12000 Taxable Amount 88000 88000 Total Taxable Amount: 176000 annaya..if you feel otherwise, let us know..I think always running two paychecks is better if you are going beyond 200K . |
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Wellsfargo
Side Hero Username: Wellsfargo
Post Number: 4553 Registered: 06-2012 Posted From: 183.83.43.158
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 11:41 am: |
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Vjawarrior:anduke married and both working aithe....better to file jointly rathre than individually.
eppudaina ade better.. |
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Gotcha
Megastar Username: Gotcha
Post Number: 21712 Registered: 02-2008 Posted From: 50.179.11.96
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 11:38 am: |
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Maverick:
tax filing appudu ekkuva ssn kadite venaki vastundi This Andhra real estate is for sale. |
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Vjawarrior
Hero Username: Vjawarrior
Post Number: 18931 Registered: 02-2014 Posted From: 153.2.247.30
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 11:34 am: |
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Andhrawala: Two payrolls run sesthee u end up paying SS Tax on the entire 240K FOr single payroll SS tax limited to first 118K. Federal and state tax remaisn same either if it is two 120Ks or a single 240K as husband+wife total income meedha federal and state tax are taxed
very well said bro... anduke married and both working aithe....better to file jointly rathre than individually. |
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Wellsfargo
Side Hero Username: Wellsfargo
Post Number: 4552 Registered: 06-2012 Posted From: 183.83.43.158
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 11:13 am: |
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Maverick:my wife is ft and little short of that limit, when we file jointly, should that be handled by cpa or the software takes the combined income into account and says u paid excess ssn tax etc?
brother, ss taxes are the responsibility of the employers. the employee need not do anything to comply with the law. This tax is independent of the family status... you will not pay extra ss tax in normal conditions... |
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Andhrawala
Legend Username: Andhrawala
Post Number: 41770 Registered: 03-2008 Posted From: 152.51.56.1
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 11:10 am: |
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Bobby:hmm ..ardham kaledhu .. do we pay tax on SSN tax deduction also?
Two payrolls run sesthee u end up paying SS Tax on the entire 240K FOr single payroll SS tax limited to first 118K. Federal and state tax remaisn same either if it is two 120Ks or a single 240K as husband+wife total income meedha federal and state tax are taxed No Signature |
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Maverick
Legend Username: Maverick
Post Number: 57736 Registered: 01-2008 Posted From: 108.171.130.186
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 11:09 am: |
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All_day:
Maverick:in joint filing, what if one of them is less than that number, but joint income crosses that number. how is that handled?
my wife is ft and little short of that limit, when we file jointly, should that be handled by cpa or the software takes the combined income into account and says u paid excess ssn tax etc? Happy Vizag |
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Wellsfargo
Side Hero Username: Wellsfargo
Post Number: 4551 Registered: 06-2012 Posted From: 183.83.43.158
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 11:02 am: |
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Maverick:in joint filing, what if one of them is less than that number, but joint income crosses that number. how is that handled?
unfortunately you have to pay taxes on the highest number. Maaku california lo spouses entry level positions lo kaani, non Tech jobs chesthe it was better to stay at home as almost 45% of their wages was lost on taxes as it pushed the person into higher tax brackets due to the husband's high salary. Oka 50k salary vacchina spouse take home pay was just 26k or something which accounted for the wife working costs (extra costumes, more eating outside, kid's day care etc) |
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All_day
Side Hero Username: All_day
Post Number: 3449 Registered: 06-2012 Posted From: 107.0.27.252
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 11:00 am: |
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Maverick:kaasta detailed ga cheppandi ee point
Bobby:the maximum amount of taxable earnings is $118,500. After that amount ,SSN dont take taxes on your earnings. its all Federal and State taxes
The current tax rate for Social Security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. Let's say your annual income is 150K (12.5K per month), you will be paying 12.5K * 6.2% ($775) as SS tax per month, your employer makes an equal contribution. Once your gross earned income reaches $118,500 you won't be paying SS tax anymore. Your paycheck should see additional $775 per month. Federal and state tax continues to be deducted from your pay check. The Only Thing We Have to Fear Is Fear Itself - FDR |
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Wellsfargo
Side Hero Username: Wellsfargo
Post Number: 4550 Registered: 06-2012 Posted From: 183.83.43.158
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 10:58 am: |
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Bobby:After 110K you dont need to pay SSN tax, but still you need to pay the Federal and State tax for the remaning amount? for example: 200K salary, they pay only SSN taxes 110K means around 7000(just assuming number), federal tax they pay after remaning on 110K-7K=103K remaning amount 90K , they have to pay Federal and state on 90K?/ if you run two paychecks for same 200K salary they pay only SSN taxes 110K means around 7000(just assuming number), federal tax they pay after remaning on 110K-7K=103K remaning amount 90K , SSN tax might be 5K ,they have to pay Federal and state on 90K-5K=85K. So you are taking the amount to SSN tax instead of Federal ,state tax
Naaku ardham kaaledu nee calculation. social security taxes are not tax deductable. Only state taxes are tas deductible that too if you are itemizing your deductions. The state taxes are deductible in any case whether you have one pay check or the other. for 200k, In case of two pay checks of 100k each social security tax : 24400 Medicare : 5800 Fed + state taxes on (200k-deductions) In case of one paycheck social security taxes : 14396 Medicate: 5800 Fed + state taxes on same (200k -deductions). so what is more beneficial? |
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Wellsfargo
Side Hero Username: Wellsfargo
Post Number: 4549 Registered: 06-2012 Posted From: 183.83.43.158
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 10:50 am: |
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Bobby:i am not sure on this, may be you are correct. But If one person whose salary is 50K all years and other person salary is 100K all years. Both contributed to SSN tax as per their paycheck. At the end of reteriment both get sames amount?? I read somewhere both get different amounts based on their contribution using Some formula
usually last 10 years before 59.5 years age meeda ekkuva dependent avuthundi. 40 years age lo kattina social security meeda takkuva depend avuthundi. Mana pension schemes like 401k is directly proportional where as social security benefits depend on lot of other factors... |
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Maverick
Legend Username: Maverick
Post Number: 57735 Registered: 01-2008 Posted From: 108.171.130.186
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 10:48 am: |
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Bobby:if you are full time , pay software will take care, if you have your own company , then your CPA or Payroll sites should take care whoever is running your paychecks
in joint filing, what if one of them is less than that number, but joint income crosses that number. how is that handled? Happy Vizag |
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Bobby
Junior Artist Username: Bobby
Post Number: 255 Registered: 04-2008 Posted From: 207.70.163.246
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 10:45 am: |
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Maverick:is that automatically done by tax softwares and irs or we should explicitly do it so that we dont end up paying
if you are full time , pay software will take care, if you have your own company , then your CPA or Payroll sites should take care whoever is running your paychecks |
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Maverick
Legend Username: Maverick
Post Number: 57734 Registered: 01-2008 Posted From: 108.171.130.186
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 10:42 am: |
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Bobby:the maximum amount of taxable earnings is $118,500. After that amount ,SSN dont take taxes on your earnings. its all Federal and State taxes
is that automatically done by tax softwares and irs or we should explicitly do it so that we dont end up paying Happy Vizag |
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Bobby
Junior Artist Username: Bobby
Post Number: 254 Registered: 04-2008 Posted From: 207.70.163.246
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 10:40 am: |
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Maverick:kaasta detailed ga cheppandi ee point
the maximum amount of taxable earnings is $118,500. After that amount ,SSN dont take taxes on your earnings. its all Federal and State taxes |
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Vjawarrior
Hero Username: Vjawarrior
Post Number: 18930 Registered: 02-2014 Posted From: 153.2.247.30
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 10:35 am: |
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gagu...neeku vere employer telisthe...tell him to invoice ur employer for some services...and collect money in cash from other person. anosaramgaa 40k vaadi degara daachi malli ela teeskuntaav without paying taxes ainaa aa billing endi saami..super gaa nuvvu asalu....125/hr straight to the pocket is wall street stuff |
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Maverick
Legend Username: Maverick
Post Number: 57733 Registered: 01-2008 Posted From: 108.171.130.186
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 10:32 am: |
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All_day:110K is 3 years old number, current gross income has to be $118,500 before you stop paying SS tax.
kaasta detailed ga cheppandi ee point Happy Vizag |
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Bobby
Junior Artist Username: Bobby
Post Number: 253 Registered: 04-2008 Posted From: 207.70.163.246
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 10:28 am: |
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Andhrawala: federal tax finally at the rime of return filing will be same
hmm ..ardham kaledhu .. do we pay tax on SSN tax deduction also? All_Day That is correct, i just took old 110K for calculation |
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All_day
Side Hero Username: All_day
Post Number: 3447 Registered: 06-2012 Posted From: 107.0.27.252
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 10:05 am: |
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Bobby:After 110K you dont need to pay SSN tax, but still you need to pay the Federal and State tax for the remaning amount?
110K is 3 years old number, current gross income has to be $118,500 before you stop paying SS tax. http://www.ssa.gov/planners/maxtax.html The Only Thing We Have to Fear Is Fear Itself - FDR |
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Bobby
Junior Artist Username: Bobby
Post Number: 252 Registered: 04-2008 Posted From: 207.70.163.246
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 10:04 am: |
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Gotcha: both get different amounts based on their contribution using Some formula idi confirm
yes, but wellsfargo saying they take only last year contributions. I dont think so. |
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Andhrawala
Legend Username: Andhrawala
Post Number: 41768 Registered: 03-2008 Posted From: 152.51.56.1
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 10:00 am: |
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Bobby: if you run two paychecks for same 200K salary they pay only SSN taxes 110K means around 7000(just assuming number), federal tax they pay after remaning on 110K-7K=103K remaning amount 90K , SSN tax might be 5K ,they have to pay Federal and state on 90K-5K=85K. So you are taking the amount to SSN tax instead of Federal ,state tax
federal tax finally at the rime of return filing will be same. So u will loose whatver paid to SOcial securityyy No Signature |
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Gotcha
Megastar Username: Gotcha
Post Number: 21704 Registered: 02-2008 Posted From: 8.19.193.14
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 09:56 am: |
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Bobby:both get different amounts based on their contribution using Some formula
idi confirm This Andhra real estate is for sale. |
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Bobby
Junior Artist Username: Bobby
Post Number: 251 Registered: 04-2008 Posted From: 207.70.163.246
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 09:48 am: |
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Wellsfargo: How? after 110k you don't need to pay social security taxes. so you will save that taxes. you don't need to pay taxes at all.
After 110K you dont need to pay SSN tax, but still you need to pay the Federal and State tax for the remaning amount? for example: 200K salary, they pay only SSN taxes 110K means around 7000(just assuming number), federal tax they pay after remaning on 110K-7K=103K remaning amount 90K , they have to pay Federal and state on 90K?/ if you run two paychecks for same 200K salary they pay only SSN taxes 110K means around 7000(just assuming number), federal tax they pay after remaning on 110K-7K=103K remaning amount 90K , SSN tax might be 5K ,they have to pay Federal and state on 90K-5K=85K. So you are taking the amount to SSN tax instead of Federal ,state tax
Wellsfargo:these are social security taxes and not contribution towards some pension scheme. so manam pay chesinavi exact gaa manaki back ki raavu. just for qualification, your contribution counts. However the actual amount is dependent on your last few years of contribution.
i am not sure on this, may be you are correct. But If one person whose salary is 50K all years and other person salary is 100K all years. Both contributed to SSN tax as per their paycheck. At the end of reteriment both get sames amount?? I read somewhere both get different amounts based on their contribution using Some formula |
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Wellsfargo
Side Hero Username: Wellsfargo
Post Number: 4547 Registered: 06-2012 Posted From: 183.83.43.158
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 02:10 am: |
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Bobby:you need to pay taxes on these whatever you saved from not running 2nd paycheck. then how can be better from not running 2nd paycheck.
How? after 110k you don't need to pay social security taxes. so you will save that taxes. you don't need to pay taxes at all.
Wellsfargo:In SSN taxes , atleast you have amount in your SSN account till retirement, where you can use after retirement.
these are social security taxes and not contribution towards some pension scheme. so manam pay chesinavi exact gaa manaki back ki raavu. just for qualification, your contribution counts. However the actual amount is dependent on your last few years of contribution. |
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Wellsfargo
Side Hero Username: Wellsfargo
Post Number: 4546 Registered: 06-2012 Posted From: 183.83.43.158
Rating: N/A Votes: 0 (Vote!) | | Posted on Monday, August 03, 2015 - 02:03 am: |
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Gandhiguevara: but history okati start avuthundhi kadhaa
History evaru choostharu brother. |
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Chillarodu
Side Hero Username: Chillarodu
Post Number: 7420 Registered: 03-2008 Posted From: 98.217.238.26
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 07:14 pm: |
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249 dhatithe mothaniki kalipi tax bracket maradhu. It will be in slabs. aa pain neeku 40K vasthe.. only aa 40K 250K bracket vuntadhi mothaniki kaadhu |
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Maverick
Legend Username: Maverick
Post Number: 57724 Registered: 01-2008 Posted From: 68.50.101.68
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 07:09 pm: |
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Gandhiguevara:
employer hand ivvadu anukunte keep it constant..technically u cant even fight if he says fucxk off if u get gc and decide to go on ur own. Happy Vizag |
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Bobby
Junior Artist Username: Bobby
Post Number: 250 Registered: 04-2008 Posted From: 76.31.108.109
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 06:24 pm: |
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Wellsfargo:o you will save $11904 compared to using two pay checks
you need to pay taxes on these whatever you saved from not running 2nd paycheck. then how can be better from not running 2nd paycheck. In SSN taxes , atleast you have amount in your SSN account till retirement, where you can use after retirement. |
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Gandhiguevara
Legend Username: Gandhiguevara
Post Number: 53970 Registered: 10-2009 Posted From: 98.193.178.109
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 05:34 pm: |
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Wellsfargo:To be technically correct, I assume you are referring to wife when you talk about inkokallu. If it is wife, I say it is better to use single person for pay check. You avoid social security taxes on 96k. so you will save $11904 compared to using two pay checks. so it is better to go with one pay check.
but history okati start avuthundhi kadhaa |
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Gandhiguevara
Legend Username: Gandhiguevara
Post Number: 53969 Registered: 10-2009 Posted From: 98.193.178.109
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 05:32 pm: |
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Bobby:Gandhi In that scenario both works best You pay ssn tax only till 110k If you run both payrolls you will pay ssn tax 220k in your scenario, so you save some amount for future purpose for retriment If you run only one pay check , then you pay only ssn tax till 110k After that everything is federal and state tax , you will pay taxes , it will never come Not sure on 401k plan
maa employer gaani daggara 401k plan laantivi emi levu....so 240k run cheyinchukuni oka 40 ....for a rainy day vunchudhaam ani... so naa idea kudaa ilaa H4 EAD ki kudaa social security history start avuthundhi kadhaa ani...
Maverick:u cant have too many deductions. mininum tax kattali for ur income. dont get under scanner
evari sommoo denne aalochana ledhu...just looking for an efficient way |
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Sesani
Megastar Username: Sesani
Post Number: 27486 Registered: 08-2014 Posted From: 173.54.170.179
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 04:35 pm: |
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Gotcha:
naadi so far antha daataledu bro.. Anduke asking ... Hence proved i am below poverty line.. |
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Chiru_fan
Megastar Username: Chiru_fan
Post Number: 23026 Registered: 04-2008 Posted From: 71.166.32.10
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 04:30 pm: |
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Gandhiguevara:
GaGu....250K jeetham antee....nuvvu keka appa!! CHIRU - SACHIN - FEDERER |
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Gandhiguevara
Legend Username: Gandhiguevara
Post Number: 53968 Registered: 10-2009 Posted From: 98.193.178.109
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 04:22 pm: |
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Chivariki edhi telchaaru? 1 pay check all amount? Or 2 ? |
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Maverick
Legend Username: Maverick
Post Number: 57721 Registered: 01-2008 Posted From: 108.171.130.189
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 03:56 pm: |
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Siloan:Ead kaakunda ssn kooda vundalanta ga sesu
vundalanta entehe..nuvvu fresh ga h1 meeda vacchinappudu first chesina pani enti? dhs work authorization lekunda how u can start working? Happy Vizag |
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Siloan
Legend Username: Siloan
Post Number: 42334 Registered: 03-2008 Posted From: 71.79.226.137
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 03:03 pm: |
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Ead kaakunda ssn kooda vundalanta ga sesu |
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Sesani
Megastar Username: Sesani
Post Number: 27483 Registered: 08-2014 Posted From: 173.54.170.179
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 12:52 pm: |
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Hadoop:need to wait until it gets approved
... EAD card raakamundhu u cant start working... |
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Hadoop
Comedian Username: Hadoop
Post Number: 1322 Registered: 12-2014 Posted From: 99.127.225.114
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 12:25 pm: |
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btw, oka gootle q....h4ead ki apply chesaka receipt vaste work cheyocchaa...or they need to wait until it get approved ? |
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Gotcha
Megastar Username: Gotcha
Post Number: 21692 Registered: 02-2008 Posted From: 50.179.11.96
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 12:24 pm: |
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Babu sesani If ur payscale crosses 200k u will hit amt. This Andhra real estate is for sale. |
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Sesani
Megastar Username: Sesani
Post Number: 27478 Registered: 08-2014 Posted From: 173.54.170.179
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 11:59 am: |
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Farmer:vaarni...inthaki theginchaadaa...gundelu theesina bantu laga vunndaee eee emc2....of course, i guessed he is a desamudhuru...
doctor saab... he himself opened a thread for long weekend.. oka job off inko job no holiday ani.. nen ventane konchen sesthe joke ani covering sesindu.. mana madhya normal ga untunna apara kuberudu... Naa laanti IT kufli gaallani nilabetti kontaadu EMC2... adi aayana range
Farmer:vongunta v'kayal d'kukelthaad....
LOL.. |
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Maverick
Legend Username: Maverick
Post Number: 57714 Registered: 01-2008 Posted From: 108.171.131.189
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 11:56 am: |
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u cant have too many deductions. mininum tax kattali for ur income. dont get under scanner Happy Vizag |
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Sesani
Megastar Username: Sesani
Post Number: 27477 Registered: 08-2014 Posted From: 173.54.170.179
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 11:52 am: |
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Rgb:There is no limit kaani AMT (Alternate Minimum Tax) kicks in if you have too many deductions. No difference if houses are on one name or other
agree .. bkaani manam antha deductions pedtama bhayya?? an average IT coolie (which is the most common in desi indians) will probably have standard deductions plus mortgage interest and property taxes... i dnt think we hit AMT... unless property value has very high taxes.. of course well off desis case different.. Rgb:I think that having income on one person is a little better since Social Security taxes will be a little lower.
but 2 payrolls meeda more SSN will be saved no?? |
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Farmer
Junior Artist Username: Farmer
Post Number: 650 Registered: 04-2015 Posted From: 162.252.85.172
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 11:38 am: |
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Sesani:EMC2 is acting like swathy muthyam.. he himself worked on 2 projects in the past, I am sure...
vaarni...inthaki theginchaadaa...gundelu theesina bantu laga vunndaee eee emc2....of course, i guessed he is a desamudhuru....vongunta v'kayal d'kukelthaad.... |
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Sesani
Megastar Username: Sesani
Post Number: 27476 Registered: 08-2014 Posted From: 173.54.170.179
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 11:30 am: |
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Emc2:nuvvu nee depression comments, ellehey
Happydays:
Jalsa:250k naaa...sesani that's veejee antunnaad... jeevithaaam lo soodalenu emo aa pigure
Nijam uncles... nen comedy sestunna anukuntunnara endi... naa x colleague okkadu worked on 3 projects simultaneously for few months... andula oka project billing 100 bucks an hr.. inka 2 projects la okkati SAP thoti inkoti maa client... no kidding... imagine how much he made for few months.. he is always open to work on multiple projects... also inka friend 2 projects chestaadu simultaneously.. i have friends who make 200k single gaa.. forget abt family... Ur underestimating the desis.. chusss.. Happydays and Jalsa ante ok... EMC2 is acting like swathy muthyam.. he himself worked on 2 projects in the past, I am sure...  |
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Emc2
Legend Username: Emc2
Post Number: 43767 Registered: 03-2008 Posted From: 108.48.4.24
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 11:18 am: |
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advantae of running pay check for spouse is SSC benefits for both in case some thing happen to one of you you will get benefits, |
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Siloan
Legend Username: Siloan
Post Number: 42328 Registered: 03-2008 Posted From: 71.79.226.137
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 11:17 am: |
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guvvesh rendu always betteru ....long run lo |
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Gotcha
Megastar Username: Gotcha
Post Number: 21690 Registered: 02-2008 Posted From: 107.77.83.124
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 11:12 am: |
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Second house kinda konochu and mana desis ki rent ki ivochu This Andhra real estate is for sale. |
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Kuyyo_morro
Hero Username: Kuyyo_morro
Post Number: 19331 Registered: 02-2011 Posted From: 173.169.22.176
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 11:07 am: |
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2 houses antunna andarki oka question. how can you have 2 houses if it is husband and wife working. since they will be living in the same house. unless one house has been rented out and you have to show the rent as an income on tax. |
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Gotcha
Megastar Username: Gotcha
Post Number: 21689 Registered: 02-2008 Posted From: 50.179.11.96
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 10:37 am: |
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Gagu follow my advice 2 paycheques u can 2 houses on separate names, market tank ayite oka house foreclosure ayina 2 nd vadidi effect avadu. Ade oka paycheque meeda 2 houses anuko oka foreclosure una ur credit history is effected and might lose both. This Andhra real estate is for sale. |
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Wellsfargo
Side Hero Username: Wellsfargo
Post Number: 4544 Registered: 06-2012 Posted From: 183.82.228.201
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 10:34 am: |
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Gandhiguevara:family cap 250 ki minchakundaa...oka 240k per annum run cheyyaali ante okari peru meedha 144k and inkokalla peru meedha 96k run chesthe better aaa? Leka motham okari peru meedhe run cheyyadam better aaaa?
To be technically correct, I assume you are referring to wife when you talk about inkokallu. If it is wife, I say it is better to use single person for pay check. You avoid social security taxes on 96k. so you will save $11904 compared to using two pay checks. so it is better to go with one pay check. I assume that you don't have a qualified 401k plan with the employer who is running the payroll. |
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Kuyyo_morro
Hero Username: Kuyyo_morro
Post Number: 19330 Registered: 02-2011 Posted From: 173.169.22.176
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 10:31 am: |
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Gagu answer dorkinda. Am in the same boat as you now with H4EAD. Company register chesukovatam better if one is in consulting and one FTE. Lekunte iddaru W2 mida undatam better aa. Experts please suggest. |
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Twitter
Legend Username: Twitter
Post Number: 38835 Registered: 10-2009 Posted From: 98.26.64.91
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 10:29 am: |
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Gandhiguevara:
cheroka 100k salary oka 40k lo sagam expense inko sagam 401k lo thosei ..lekka saripoddhi |
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Emc2
Legend Username: Emc2
Post Number: 43763 Registered: 03-2008 Posted From: 108.48.4.24
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 09:19 am: |
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Farmer:
payroll run cheyadaniki ead or work ssn unte saripothadi
 |
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Farmer
Junior Artist Username: Farmer
Post Number: 645 Registered: 04-2015 Posted From: 162.252.85.172
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 09:08 am: |
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Emc2:gagu billing $125/hr, that goes to his company, company ki vachaka he can run pay roll for any body
aaa company ki work cheyyani vallaki payroll run sesthe illegal avudhi.... |
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Jalsa
Legend Username: Jalsa
Post Number: 32456 Registered: 02-2008 Posted From: 69.126.211.48
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 09:03 am: |
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250k naaa...sesani that's veejee antunnaad... jeevithaaam lo soodalenu emo aa pigure Only when the tide goes out do you discover who's been swimming naked - Warren Buffett |
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Emc2
Legend Username: Emc2
Post Number: 43762 Registered: 03-2008 Posted From: 108.48.4.24
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 08:55 am: |
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Sesani:
nuvvu nee depression comments, ellehey
 |
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Happydays
Side Hero Username: Happydays
Post Number: 2070 Registered: 02-2015 Posted From: 73.53.135.206
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 08:52 am: |
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Sesani:endi 250k ki ali expression aa?? naa friends single ga 200k kodtunnaru with multiple projects...
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Rgb
Comedian Username: Rgb
Post Number: 1726 Registered: 06-2014 Posted From: 96.234.43.54
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 08:52 am: |
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Farmer:evari pay checks vallake vasthayi kadha valla peru meedha...ilaa elaa kaavaali ante alaa elaa run chesukuntaar ani asking
Corp pettukoni income only to corp. Paychecks can be paid to any employees. Works with corp to corp consulting |
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Emc2
Legend Username: Emc2
Post Number: 43761 Registered: 03-2008 Posted From: 108.48.4.24
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 08:52 am: |
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Farmer:
gagu billing $125/hr, that goes to his company, company ki vachaka he can run pay roll for any body adanna mata matter |
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Farmer
Junior Artist Username: Farmer
Post Number: 644 Registered: 04-2015 Posted From: 162.252.85.172
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 08:50 am: |
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Emc2: so neeku own clinic ledu ani ardham ayindi, inka enni rojulu ila hospital lo paini chesthavu oka super speciality hospital kattu
rekka aadithe kani dokka aadani badugu jeevulam unkl....nuvvu kadithe nenu manage sesthaa.... |
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Emc2
Legend Username: Emc2
Post Number: 43760 Registered: 03-2008 Posted From: 108.48.4.24
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 08:45 am: |
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Farmer:
so neeku own clinic ledu ani ardham ayindi, inka enni rojulu ila hospital lo paini chesthavu oka super speciality hospital kattu |
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Farmer
Junior Artist Username: Farmer
Post Number: 643 Registered: 04-2015 Posted From: 162.252.85.172
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 08:44 am: |
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Mass:farmer calm ga vundu leda musestaaa yay
nee aradhya devudu ciru ni emi analedhu gaa...enduku ban...uzles felo |
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Farmer
Junior Artist Username: Farmer
Post Number: 642 Registered: 04-2015 Posted From: 162.252.85.172
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 08:42 am: |
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Bimmer:Sunday breakfast ki halwa puri thinnava leda
..ippude poori chole thinnaa...no halwa...neekela thelisindhi..heyy eval nuvv |
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Mass
Moderator Username: Mass
Post Number: 2478 Registered: 10-2014
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 08:41 am: |
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farmer:
farmer calm ga vundu leda musestaaa yay |
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Bimmer
Junior Artist Username: Bimmer
Post Number: 685 Registered: 04-2014 Posted From: 99.228.216.22
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 08:39 am: |
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Farmer:
Sunday breakfast ki halwa puri thinnava leda |
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Farmer
Junior Artist Username: Farmer
Post Number: 641 Registered: 04-2015 Posted From: 162.252.85.172
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 08:36 am: |
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evari pay checks vallake vasthayi kadha valla peru meedha...ilaa elaa kaavaali ante alaa elaa run chesukuntaar ani asking |
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Rgb
Comedian Username: Rgb
Post Number: 1725 Registered: 06-2014 Posted From: 96.234.43.54
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 08:18 am: |
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Sesani:hows does it matter when u file jointly?? if one person has both homes or one each... there is no limit as long as the loan is more than 1 million.. am i missing something here?
There is no limit kaani AMT (Alternate Minimum Tax) kicks in if you have too many deductions. No difference if houses are on one name or other I think that having income on one person is a little better since Social Security taxes will be a little lower. Marriage penalty teesesthe (in discussion in congress), then equally dividing between two is better |
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Sannayi_nokkulu
Side Hero Username: Sannayi_nokkulu
Post Number: 3830 Registered: 06-2014 Posted From: 68.100.234.172
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 07:51 am: |
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Gandhiguevara:
guvvesh nee client kada same tech job set seyyi.....work kuda helping seyyi...80-20 cheskundam...ala aina naaku ippudu vache daniki double vastadi... OT review on Osaravell: Paatallo ayithe okko saari Micheal jackson videos ki Jr.NTR thala emanna athikinchaaraa anipinchindhi naaku....literal ga shocking ga vunnaayi konni steps ayithe.....so called heroes ayithe ee cinema teesinanni rojulu practice chesi vundaali http://stream1.gifsoup.com/view7/20150210/5172520/chandrababu-naidu-dance-yoga-o.gif |
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Boglehead
Junior Artist Username: Boglehead
Post Number: 48 Registered: 06-2014 Posted From: 70.215.79.7
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, August 02, 2015 - 07:41 am: |
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Question artham kaaledu. Mee question SS tax gurinchaa ledaa fed tax gurinchaa leda state tax aa or something else? |
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Sesani
Megastar Username: Sesani
Post Number: 27474 Registered: 08-2014 Posted From: 173.54.170.179
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, August 01, 2015 - 11:49 pm: |
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Hadoop:
btw.. nijamga friend aa .. naadi kaadu  |
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Sesani
Megastar Username: Sesani
Post Number: 27473 Registered: 08-2014 Posted From: 173.54.170.179
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, August 01, 2015 - 11:48 pm: |
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Hadoop:asalu tax brackets ela untayi baa.. i heard 150 250K, what is next ?
ivi federal tax rates baa... http://www.bankrate.com/finance/taxes/tax-brackets.aspx State di depends on state ba.. |
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Sesani
Megastar Username: Sesani
Post Number: 27472 Registered: 08-2014 Posted From: 173.54.170.179
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, August 01, 2015 - 11:41 pm: |
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Gotcha:Iddari per meda run cheyi buy houses on both names and get deductions
hows does it matter when u file jointly?? if one person has both homes or one each... there is no limit as long as the loan is more than 1 million.. am i missing something here? |
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Bobby
Junior Artist Username: Bobby
Post Number: 249 Registered: 04-2008 Posted From: 107.77.100.55
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, August 01, 2015 - 11:36 pm: |
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Gandhi In that scenario both works best You pay ssn tax only till 110k If you run both payrolls you will pay ssn tax 220k in your scenario, so you save some amount for future purpose for retriment If you run only one pay check , then you pay only ssn tax till 110k After that everything is federal and state tax , you will pay taxes , it will never come Not sure on 401k plan |
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Hadoop
Comedian Username: Hadoop
Post Number: 1321 Registered: 12-2014 Posted From: 99.127.225.114
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, August 01, 2015 - 11:35 pm: |
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Sesani:Iddari peru meeda aithe better because tax filing appudu standard deductions will be more for married filing jointly vs. head of household... very minimal compared to 250k income... but still it matters
asalu tax brackets ela untayi baa.. i heard 150 250K, what is next ? |
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Hadoop
Comedian Username: Hadoop
Post Number: 1320 Registered: 12-2014 Posted From: 99.127.225.114
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, August 01, 2015 - 11:33 pm: |
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Sesani:aa friends single ga 200k kodtunnaru
 |
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Sesani
Megastar Username: Sesani
Post Number: 27471 Registered: 08-2014 Posted From: 173.54.170.179
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, August 01, 2015 - 11:25 pm: |
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Happydays:
endi 250k ki ali expression aa?? naa friends single ga 200k kodtunnaru with multiple projects... |
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Sesani
Megastar Username: Sesani
Post Number: 27470 Registered: 08-2014 Posted From: 173.54.170.179
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, August 01, 2015 - 11:24 pm: |
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Iddari peru meeda aithe better because tax filing appudu standard deductions will be more for married filing jointly vs. head of household... very minimal compared to 250k income... but still it matters |
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Gandhiguevara
Legend Username: Gandhiguevara
Post Number: 53967 Registered: 10-2009 Posted From: 98.193.178.109
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, August 01, 2015 - 11:14 pm: |
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Gotcha:Iddari per meda run cheyi buy houses on both names and get deductions
idhari peru meedha oka illu workout avvadhaa? |
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Gotcha
Megastar Username: Gotcha
Post Number: 21687 Registered: 02-2008 Posted From: 107.77.83.36
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, August 01, 2015 - 11:03 pm: |
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Iddari per meda run cheyi buy houses on both names and get deductions This Andhra real estate is for sale. |
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Vjawarrior
Hero Username: Vjawarrior
Post Number: 18929 Registered: 02-2014 Posted From: 166.137.10.57
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, August 01, 2015 - 11:01 pm: |
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U get 250k...damnnnn....that's my 4 year pay |
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Gandhiguevara
Legend Username: Gandhiguevara
Post Number: 53966 Registered: 10-2009 Posted From: 98.193.178.109
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, August 01, 2015 - 10:58 pm: |
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Happydays:
thammudannayi serious kochen ye... Evarno adigithe social security avi double kattadam deniki okalla peru meedhe run chesthe better annaadu...any idea? |
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Happydays
Side Hero Username: Happydays
Post Number: 2064 Registered: 02-2015 Posted From: 73.53.135.206
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, August 01, 2015 - 10:55 pm: |
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Gandhiguevara
Legend Username: Gandhiguevara
Post Number: 53965 Registered: 10-2009 Posted From: 98.193.178.109
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, August 01, 2015 - 10:54 pm: |
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family cap 250 ki minchakundaa...oka 240k per annum run cheyyaali ante okari peru meedha 144k and inkokalla peru meedha 96k run chesthe better aaa? Leka motham okari peru meedhe run cheyyadam better aaaa? |