Dollar General W2: Fill & Download for Free

The one I worked out was usually minimum wage for Sales Associates, but I was started out at the highest amount a new hire could, which I think was about $8.25/hr? I don’t remember for sure and the whole four years I could never access the W2 thing to tell me for certain. As far as managers go, I have no idea but I do know it’s still not much.

I generally detest the income tax because it’s hidden from so many people. If you were to ask someone how much income tax they pay annually, without having their W2 infront of them, I wouldn’t expect many to do so. Additionally, it’s not really specific to anything. It turns in to a gigantic government slush fund.Take property taxes, as an example. I voted for an increase in property taxes to fund 8 new classrooms, a gym, football field, shop and cafeteria at the local high school. To see how the money is being spent, I get into a car, drive five minutes, and watch them pour concrete. Yes, the job is costing way too much money because of prevailing wage and the like, but it’s getting done. I walk into the aforementioned school and I see teaches getting paid, students reading new books, etc.Or gas taxes. Unpopular among Republicans, I actually voted in favor of the gas tax in California. Our roads are atrocious. So I pay an extra forty cents a gallon (or whatever it is) and another fifty bucks in registration (Again, not exact) and, when driving down the road, I see road crews repairing potholes and building bridges and laying down new asphalt. Again, yes, this is all costing way more than it should, but it’s getting done.But with income taxes? Who the hell knows? Shit just gets thrown into a government slush fund for some grad student to spend 50 grand on writing about Russian smoking? Or maybe we go with 2 million dollars to fund neon light museums in Las Vegas and 800k dollars to study genital washing on South American men? 175 million dollars from the VA maintaining vacant buildings?Yea. I need to write the federal government a check for more money every year. Sure.

S-corp. Here's why. When you work for some one else you can get compensated one of several ways: salary, w2, 1099 or corp-to-corp. Here's quick tax implications of all these methods:- Salary; presumably not an option for "part time" work so not discussed, but generally speaking pays less on an hourly basis than the below hourly rates in exchange for benefits. You can quantify most benefits easily enough to determine whether salary or hourly wages are better and come up with a percentage of pay that makes for a balancing point.- 1099: probably the worst way to consult independently; you get no benefits from the company to which you consult but you have to declare 100% of your earnings to the government (on the tax form 1099). Also not great from a customer perspective; even though I issue a 1099 to an independent consultant, if they stiff the government on the taxes I end up being liable.- if you're W2, then you're paying pre-tax dollars in witholding, nearly 10% depending on your locale and situation (7.5% for social security, a point here and there for the other categories). Marginally better than working 1099 though b/c at least the company pays part of your payroll taxes.- Far better for you to declare a small corporation and consult independently through it. S-corps are slightly better for this than LLCs for one reason: S-Corps do not require official 1099s from its customers. Not that I advocate mis-representing your income, but it makes life a bit easier come tax season.Pay flows into your S-corp or LLC and then you apply all your business expenses against that gross pay before it turns into net pay, effectivly lowering your taxable income dollar for dollar for your expenses. That's far better than doing it in after you've declared it to the government on a 1099. More importantly, you can then pay 20% of your W2 figure into a SEP-IRA each year to further reduce your taxable income.Downside on corp-to-corp vs 1099: you probably have to maintain your own liability policies, and they can get pretty expensive. My current customer required me to carry nearly $5,000 in annual payments worth of insurance policies to work there on a corp-to-corp basis, a ridiculous cost. But these insurance policy requirements vary greatly by customer; for years I required just one simple $800/year policy and was ok.This is the general method that I've worked in consulting for 15 years or so and it has worked great.My 2 additional cents on write-offs: I take very minimal "home office" deductions as compared to some of my colleagues, and I do NOT have my business own my car, instead taking $/mile as a deduction. Per my accountant, these two deductions are huge red-flags for IRS and make for easy identification of audit targets, so we minimize in this area.