Toc rescheduled

Bryan Worner · 11-17-2009, 09:02 PM

Not having the All Stars race with the TOC is a big mistake! Every All Star is qualified for the TOC, so why not have that race too??? This is why I suggested having ONLY those two races when they rescheduled them! They just won't learn from their mistakes!

Hey Beard. The TOC winner gets $10,000!! How much would be taken out for NC taxes???

Beth Denysenko · 11-17-2009, 09:15 PM

Quote:

Originally Posted by Bryan Worner

Not having the All Stars race with the TOC is a big mistake! Every All Star is qualified for the TOC, so why not have that race too??? This is why I suggested having ONLY those two races when they rescheduled them! They just won't learn from their mistakes!

Hey Beard. The TOC winner gets $10,000!! How much would be taken out for NC taxes???

$400 - and $200 for the All Stars winner. That alone should make IHRA reconsider this location. If they insist on having these big money races, this should be part of the consideration when scheduling them.

Myron Piatek · 11-17-2009, 09:46 PM

I don't know what it is, but I think there is a loophole.

Beth Denysenko · 11-17-2009, 10:05 PM

Quote:

Originally Posted by Myron Piatek

I don't know what it is, but I think there is a loophole.

Oh, that would be awesome, Myron! Do share if you find one . . .

Julie Jordan · 11-17-2009, 11:02 PM

All states have laws that require a non-resident to pay income tax on income earned in a state. As you can imagine, few file non-resident returns and claim that income so more and more the states are withholding to make sure the state gets their tax. It is a withholding of tax, not a tax, so all you have to do is file a non-resident return for the state and get your refund. Also, states have reciprocity agreements with each other so if you do pay tax in another state you get a credit on one of the returns so the income isn't technically double-taxed.

danny waters sr · 11-18-2009, 07:26 AM

Quote:

Originally Posted by Beth Kieffer

Oh, that would be awesome, Myron! Do share if you find one . . .

I'm sure you can come up with enough expense to cover taxes,like fuel ,maintanance, time off work,food ,lodging ect........ Pretty sure an accountant can help you find things . Every $100.00 dollars i make here in NC i get around $70.00. I don't like it either. But i ain't leaving my GRAND CHILDREN & FAMILY to pay lower taxes. NC taxes , i don't like it ,but it is what it is.

X-TECH MAN · 11-18-2009, 09:13 AM

Id rather be paid in CASH....screw the local and Fed. Govt. LOL

11-17-2009, 09:02 PM	#1
Bryan Worner Senior Member Join Date: Oct 2002 Location: Duncannon, PA Posts: 825 Likes: 136 Liked 535 Times in 86 Posts	Re: Toc rescheduled Not having the All Stars race with the TOC is a big mistake! Every All Star is qualified for the TOC, so why not have that race too??? This is why I suggested having ONLY those two races when they rescheduled them! They just won't learn from their mistakes! Hey Beard. The TOC winner gets $10,000!! How much would be taken out for NC taxes???

11-17-2009, 09:46 PM	#3
Myron Piatek VIP Member Join Date: Nov 2001 Location: Florida Posts: 1,542 Likes: 34 Liked 138 Times in 51 Posts	Re: Toc rescheduled I don't know what it is, but I think there is a loophole.

11-17-2009, 11:02 PM	#5
Julie Jordan Senior Member Join Date: Dec 2001 Location: Modesto, CA Posts: 643 Likes: 92 Liked 553 Times in 97 Posts	Re: Toc rescheduled All states have laws that require a non-resident to pay income tax on income earned in a state. As you can imagine, few file non-resident returns and claim that income so more and more the states are withholding to make sure the state gets their tax. It is a withholding of tax, not a tax, so all you have to do is file a non-resident return for the state and get your refund. Also, states have reciprocity agreements with each other so if you do pay tax in another state you get a credit on one of the returns so the income isn't technically double-taxed. __________________ Julie Jordan 7549 STK

11-18-2009, 09:13 AM	#7
X-TECH MAN Banned Join Date: Dec 2007 Location: Lake Placid, Florida Posts: 3,203 Likes: 1,047 Liked 235 Times in 110 Posts	Re: Toc rescheduled Id rather be paid in CASH....screw the local and Fed. Govt. LOL