Yes, I track my actual pay, and all withholding and other taxes as they are paid. My W-2 is simply a confirmation of my own record keeping.
For the actual taxes I keep them all under an Expenses:Taxes:... tree For expenditures that are tax deductible, charitable donations, medical etc, I account for those under the appropriately names account, but meta tag them with Tax:Deductible Finding net income is trivially easy, and I don't often ask that question anyway. On Fri, Feb 3, 2012 at 10:52, Paul Lathrop <[email protected]> wrote: > On Thu, Feb 2, 2012 at 2:59 PM, Matt Seburn <[email protected]> wrote: > >> Has anyone found it useful to use Ledger to track deductions on their >> income, like income tax, pension contributions, etc? Or do most >> people simply enter their net income? >> >> I can see it being useful, but then the net income becomes less >> apparent, and perhaps budgeting would get more complicated as a >> result. >> > > It doesn't obscure the net income much, IMHO, and I find it nice because > I've gotten a W-2 (In case you aren't in the US, that's an end-of-year > statement of how much income tax you paid) that was wildly incorrect, so > I've needed this information. Your mileage may vary, but I think it's a > good idea. > > --Paul > -- Craig, Corona De Tucson, AZ enderw88.wordpress.com
