Monday, March 23, 2009
Fousesquawk's Form 1040
"Being a CEO ain't all it's cracked up to be."
Like the rest of you, I am doing my income taxes. This is the worst time of year. No football, no baseball-just income taxes-which means either I spend 3 days putting the info together for some tax accountant to charge me 160 bucks to tell me I owe more money to the US and California governments, or I spend 2 weeks trying to do it myself. This year, I thought I would do it in the simplified version. Here goes.
Name: Gary Fouse ssn 000-00-0001
Occupation- CEO blogger (Fousesquawk)
Wife's name: Mary Jo Stalin- ssn: 000-00-0002
Wife's occupation: ball breaker
Address: 0000 Dead End Rd
Bullsnuts, Calif. 90000
Annual income (from AdSense) $50.00
Taxable amount: $50.00
Deductions: None (Since last month)
Taxable rate: 90% (That's because I am a CEO)
Total tax owed: $45.00 (check attached)
There, that was easy. Now for my state form (California). This should be easy. What's 10% of $50.00?.......$5.00.
Got it. Check for $5.00 to California.....and I'm finished!
We're all finished!