Well, the answer is to do an additional withholding each paycheck to make up the difference. But what makes NO sense to me, is why claiming zero allowance on your federal income tax withholding would cause your withholding each paycheck to be far LESS than what you actually owe?
Basically, marking "Married" on your W4 tells your company to instantly beging withholding far less than what you owe each paycheck. Someone please explain that to me. What the hell? On 2/22/07, Tony <[EMAIL PROTECTED]> wrote: > > now for the reals. > > talk to a tax dude, im sure you are already thinking about this... > but get it right dude... you are finding out what not doing it right > does... i feel for ya brah > > tw > > On 2/22/07, Tony <[EMAIL PROTECTED]> wrote: > > /must hold back perfect opportunity to call you a dipshit. > > > > fuck it. > > > > DIPSHIT > > > > :) hahahahahah > > > > On 2/22/07, G Money <[EMAIL PROTECTED]> wrote: > > > Welp, I completely fucked up my 2006 taxes. 2006 was the first year > that my > > > wife and I were both filed as "Married" for the entire year on our W4. > I > > > kept 1 allowance, she claimed 0. Turns out, clicking that one little > > > 'Married' box causes your federal withholding percentage to drop FAR > below > > > what is actually owed in income taxes. > > > > > > Put another way, we owed about 15% in federal income tax (after > deductions, > > > et. al). Marking "married" as our filing status caused our companies > to > > > withold about 11%.....leaving us with a nice fat deficit at the end of > the > > > year. > > > > > > Fuck. > > > > > > Was I just stupid to think that claiming only one allowance would > pretty > > > much ensure that our bi-weekly withholdings would be at or near the > income > > > tax percentage owed??? Has anyone else gotten hit by this, or am I > just a > > > dipshit? > > > > > > -- > > > She's a PhD in "I told you so" > > > You've a knighthood in "I'm not listening" > > > > > > > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Deploy Web Applications Quickly across the enterprise with ColdFusion MX7 & Flex 2. Free Trial http://www.adobe.com/products/coldfusion/flex2/ Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:228663 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
