with the idea of having to always pay income tax at year end when doing taxes. so... i want to make more money annual, but that'll push me to a bigger bracket, which means i'll always be paying a higher percentage in taxes, but if it doesn't get taxed all completely at the source, then by the time taxes come i have to pay in the thousands?! and that's if i don't claim my RSPs.
a whole different story if i do claim my RSP, which will drop me to a much lower bracket, which means a possible small return, but the year after, as i make more money, i will be taxed more which means i'll have to save more for my RSPs....
or i could suck it up and not claim my RSPs for this year, pay what i would owe, and then have a crazy huge RSP claim for the coming year, which would be good b/c i would make more money anyway, bringing me to a higher tax bracket...
and so really... by working my 2nd job it's like trying to earn the money not just for my pocket money but also to save for the money i owe when income tax time comes...
has YOUR head exploded yet?!
b/c MINE did when my dad had to sit me down and explain my situation... i literally.. exploded... my eyes burst into tears, and i seriously felt suicidal. why can't i just have a day with NO feelings of being let down or being disappointment, i mean come ON with my 1am phone interview where i was so obviously under qualified by like 5 years and then like 16 hrs later seeing the impending doom of my finances being drained to the gvt, i just ... i mean... man i just want a break !!!
*head explodes*
rest assured, i've since calm down, but i just want a break from constantly calculating finances!
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2 comments:
just be like me and have no income :P
pfft... i can't even fatham being in that state. though it would help, if i had a 30K asset to back my ass if i needed to! uh hum! :)
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