||[Jan. 30th, 2002|02:55 am]
Did my taxes tonight. I owe the government 560 dollars. YEAH!!!|
how can you owe...? did you claim too many exemptions?
It has something to do with selling stock, and getting a raise.
So for the first half of the year (through May), they take out some money based on my then current income. When my salary went up, so did my total income for the year. So I owe a little more. Then, when you sell stock, they don't charge you taxes right then.
Either that, or I made a horrible mistake.
Yeah, capital gains gets about 1/3 of the value of the stock you sold it for, unless you've kept that stock for a couple (2? 3?) of years. D'oh.
Thank god for those tax breaks, huh? :P
2002-01-30 08:56 pm (UTC)
You could do my taxes and pay them for me too!!!
I swear i wouldn't be hurt if you did that!!