Thread 101785244

5 digit tax refund? Wtf how is that even possible?

Eurocucks are getting fucked to pay for fake asylum seekers. So she got heavily taxed.

Probably did the Austrian equivalent of starting an S Corp with herself as an employee, paying herself a salary, then taking advantage of all possible deductions

>>101785244 (OP)
IDK how Austrian taxes work but I highly doubt the majority of a 5 digit refund would be refundable credits so she clearly fucked up somehow.

>>101785244 (OP)
This is the same girl that will complain about the price of a pro controller on stream to make people send a few more akasupas

god dont remind me of 2023 deadlines
lol

>>101785290
We really out here preventing them from coming to burgerland instead and this is the thanks we get

>>101785244 (OP)
Neet here. Why is this such a big deal? 10,000 is not a lot. You can't even buy a decent car with that?
Is it too little?

>>101785439
Never ever help Americans, retard.

>>101785483
>Is it too little?
Its way too much.

Once again I am glad I love in a third world country that does not care if I receive a gazillion bills of monopoly money from an Asian Island.

>>101785515
Explain like I'm retarded. I have never worked.

IIRC Austrian tax collectors reamed her out for a few years. Her accountant was constantly in her ear the past few years. I guess they realized they overtaxed her.

>>101785244 (OP)
5 digits just means 10k. Are you thinking 5 0's?

She probably makes in the range of like ~300k-400k, so it wouldn't be surprising at all. But vtubers do have to spend a lot on covers, plane flights, and holos have to pay their own 3D...etc. these costs can end up being a significant amount of their take home pay

It just means that she prepaid too much taxes to begin with. The optimal refund is 0.

>>101785611
5 digits could mean 10k to 99k

>>101785568
Taxes are based on income. Most people don't know the exact amount of income they'll make by the end of the year or what their tax situation will be, and therefore don't know how much they'll owe. So at least for people who earn a paycheck (Kiara probably doesn't), an estimated withholding is taken out to be applied toward your tax burden at the end of the year. At the end of the year when you calculate how much you owe, if you paid in more than you owe, the surplus is returned to you as a refund.

Seeing as Kiara almost certainly does not get paychecks, I have no fucking clue how she ended up paying in at a minimum 10k more than she owed. But I also have no fucking idea how Austrian taxes work. Maybe she calculated her taxes wrong the year prior and thought she owed more than she actually did.

>>101785641
And you can write alot of that off when doing your taxes as work expenses, especially the traveling.
People here clearly don't know how German and Austrian taxes work

>>101785244 (OP)
this entire thread is so fucking poorfag.
she's not a burger and i don't know austria's tax code. but in burgerland, if you're a contractor (all of these girls are), you have to pay quarterly estimated taxes.
the lazy way is to just pay based on the income you owe the last year.

so in my case, i made $400k in 2023 and owed $170k. So in 2024 i split that amount into 4 parts and paid that every quarter on the estimated tax form.
But when i finally calculate what i actually made in 2024, i made significantly less (like $200k). so i severely overpaid my taxes and got back 5 digits in tax refund.

all it means is that i was an idiot and gave the government a free loan.

>>101785844
Yes that's literally what everyone here is saying, thanks for your contribution.

>>101785844
Interesting, so this means she's making a lot less than she used to?

wait so you can just "overpay" taxes and get refunded the excess?
then why bother calculating anything at all?

>>101786010
there's sooo many possible variables here there's no way to know given the available information. she overpaid and now is getting that extra back is all.

if i ever hear this bitch whine about money or stress again im going to crash out in chat

and thats on hitler

>>101785842
Does austria have the same snitching system as the US where you can report tax evasion and get a share of the cut?
I'm about to expose her and tell them that the maldives trip was PERSONAL. yes she did stream and use it for work content. but it's mostly for her to get HER PUSSY WET. fucking coworkers is NOT a business expense and she shouldn't be allowed to deduct it.

>>101786052
Anon give me 10k right now and I'll pay you back in as year, with 100% guaranteed certainty you'll get the money back. Sound good?

/vt/ is literally full of underage retards from the third world
don't ever cook

Yall retards.
The government basically can take 50%+ of your money from your paycheck via corporations. If they took too much, you have to give the government proof and they will give you a refund of your own money they took (no interest of course)

>>101786143
>Kiara
>paycheck
Who is the retard here exactly?

Wonder how much Elon and Trump pay in taxes

>>101785439
Anon, those fake assylum seekers of yours have to cross a big ocean for that. Burgers are more worried about mexicans and people from the south of the continent.

>>101785244 (OP)
She probably makes something in the area of multiple 100k so that's not really surprising.
Add to that that as her own business she pays taxes based on what she paid last year, if she had a worse year or higher business expenses she'll get back money, because she paid too much.

>>101785724
>Seeing as Kiara almost certainly does not get paychecks, I have no fucking clue how she ended up paying in at a minimum 10k more than she owed.
She talked about it before, she has it set up to basically pay an estimate of her taxes for the next year quarterly (without write-offs etc.)
Basically so that she doesn't get hit with a single massive bill at the end of a year.

>>101786052
You calculate that so that you get the refund.

>>101786405
Most of the talents do.
Cover paid 39 million dollars to the talents in the last fiscal year. Everyone here can make a guess of how much they can earn.

>>101785307
This. If you're self-employed you can do a shitton of deductions in austrian tax law.

>>101785439
Be glad you don't have mexicans

>>101786141
You don't say

>>101786425
>Basically so that she doesn't get hit with a single massive bill at the end of a year.
That's stupid. She could just as well put that money in a savings account and receive interest on that money for a year before paying the exact amount.

>>101786052
Your refund is judged by calculation

You generally don't want a return on your taxes since it's money just sitting on a 0% interest rate government account. Much better to have that money on hand so that you can invest it

>>101786462
>The average Holo earns 430k annually
Damn.

>>101786603
Not exactly. She still has to pay an estimated quarterly tax. But being off by 5 digits is too much.

>>101785439
Oh they're coming to America in swarms, too, don't think too highly of yourself

Anons, remember that these are women who like to waste money. It is rare to see women who are smart with money.

>>101786603
you're not as smart as you think you are. if you don't the estimated tax, you get charged a penalty on it (7% if i recall correctly). you can in theory beat it if you invest in stocks but no saving account or bonds will make you 7%.

>>101786629
But taxes and deductions can make them lose like half of that money.

>>101786625
>Much better to have that money on hand so that you can invest it
In theory yeah but what investment these days can you make that isn't just random luck?

>>101786818
Depends on country I guess. Back tax is interest free here in Norway. Skattetaten even pays you interest on tax returns.

>>101785244 (OP)
She's an Austrian woman working for a Japanese company and primarily receiving income from an American website (Which would give her a duty to declare said income to the IRS). Probably a lot of money was withheld when sorting out which government had to be paid how much
>>101785483
In simple terms: A tax refund is the government sending back any excess money you paid when doing taxes, if you did everything properly, it should be very small. Getting a large return isn't the end of the world, but you basically gave the government an interest-free loan

>>101785244 (OP)
Income tax payments for employees are deducted from an employee's gross salary, the more you make, the higher the rate. In addition to this, if there are other sources of income(bar capital investments), she'll have to pay quarterly installments in advance as well.
Her returns are likely high as a result of work related deductions i.e. paying third party artists for their work on videos and art, travel expenses not covered by your employer etc. Also, inb4 you misunderstand, you got to realize that a tax return of 10k requires you to have paid around 18k in work related expenses[under the assumption she made at least 200k, which I believe to be a fair estimation of her taxable income]

>>101785307
she had a tax lady to deal with her finances but she wasn't very happy with her work so far. well perhaps she did her job after all and it just went slower.

>>101786730
This.
Calli was so stupid she was paying double taxes when both America and Japan have a treaty that prevents that.

>>101785483
Big return = you paid too much in taxes
little to no return = you're paying about what you should
Owe = you got a loan from the government

>>101786860
gold and bitcoin

>>101787026
>Calli gave up free money because she couldn't bother hiring a tax accountant worth their salt.

>>101787173
extra funny part is that she was working as an english teacher in japan for several years before this. it wasn't like she suddenly got her first jp tax bill

>>101787173
She is lucky that Holo gave her a good job. Fucking hell that was very dumb of her.

>>101786603
Basically every self-employed person I know choses to do the quarterly pre-payments.
Partly because it makes accidentally fucking yourself much harder, and partly because for obvious reasons the deadlines for tax returns are significantly looser when you pre-pay.
Like you really don't want to be in a situation where you owe more int taxes than you currently have in liquid assets.

>>101787437
bitch you live like this??

>>101785483
>Buying a car
>Ever
Lmao
$10k can go far if you don't need the funds for expenditures and are able to invest.

>>101785244 (OP)
Surely she's talking about 5 digits of yen, right?

>>101786178
On a year by year basis Trump often uses the capital loss of businesses to offset capital gains. The US tax code allows business owners to spread their capital losses out over multiple years.

>>101786629
Bear in mind that there are Holos that earn way less than that. Mainly ID and Holostars if you actually counted them in the average.

>>101787960
By ID standards, even if they earn 40k dollars that is way above the average salary in that country.
No wonder none of them think about graduating.

>>101786010
No it just means she got better at/hired someone to take care of all possible tax deductions. Like some other anon said, if you're self employed you can create a company with yourself as the sole employee and pay yourself a salary and get some tax benefits that way.

>>101786052
Pretty sure it's different in burgerland but in a lot of EU countries you are basically "charged" a flat tax bracket monthly and then at the end of the fiscal year your final tax gets calculated by progressive tax brackets and you either get some money back or have to pay more depending on how the flat fee you paid monthly compares to your final tax bracket, usually you get some back. Contractors without full-time contracts don't pay that flat tax, however, so they have to pay all their tax at the end of the year like I believe is how it works in the US.

In theory it's always better to have all your money and only paying your tax at the end of the fiscal year but most people say they prefer monthly flat payments since it's easier to manage your money that way and not get blindsided by having to pay a bunch of income tax at the end of the fiscal year. The governent prefers it that way too since it's basically free loans for them.

>>101786629
Keep in mind they'll all be without the same well-paying job within 10 years

>>101788644
Then I hope they know how to use the money they have now.

>>101788780
Anon, that is hopeless for a lot of them. Have you seen how much they waste money?
Only a few know how to think about their future.
The very few in my mind who are good are Noel and her properties, AZKi and investing in tax free stocks and Sora by spending what is neccesary, having money for future emergencies and (possibly) her stocks in Cover.

>>101789008
>Noel and her properties
QRD?

>>101789057
Noel has like 3 properties, but part of that does not come from her Holo earnings. She is loaded.

>>101789008
boglehead holo supremacy

>>101789008
>Only a few know how to think about their future.
That's why they should go the La+ way.
People mock La+ and her tendency of running out of money, but given that her mother keeps a big part of her monthly income for her, I wouldn't be surprised if she will turn out to be one of the more well off Holo

>>101789057
Professional whore.

>>101789008
Most of Sora's songs and MVs are covered by her music label so her costs are way less than 90% of the talents. She is a frugal woman.

>>101789241
The biggest surprise here is that Kanade knows how to read.

>>101787026
>>101787173
>Calli was so stupid she was paying double taxes when both America and Japan have a treaty that prevents that.
Nah she never actually did this
She *thought* that might've been what she was doing after an IRL friend bought it to her attention, but she talked to her accountant and they already had that covered

>>101785244 (OP)
life tip: once you begin making 6 figures, get an accountant. you'll save far more than it costs.

>>101785244 (OP)
tax returns are a normie carrot on a stick scheme

>>101788780
>>101789008
thankfully Ina has talked about papa'nis forcing her to go to financial planners and tax CPA since her debut and bought a new build house in Canada (the worse housing market in the world at the moment) but lives in Japan half the year.

>>101789538
that's never stopped anyone

>>101790661
Real. My grandparents were semi-literate at best and started as poor immigrants doing menial jobs, but they were good with numbers, took the family business up the value chain and reinvested the profits in real estate and index funds, enabling me to blow an unreasonable amount of the amount they set aside for my college in nerd shit (it's chill, I went on a scholarship).

>>101785244 (OP)
>Wtf how is that even possible?

In case you really want to know: 22 was a very good year for her, so she made a ton of money.
In Austria you pre-pay income taxes in 4 installments or at once, since 22 was such a good year she had to fork over a ton of money for 23, even though that was one of her worst years so far.
Now she gets back money because the tax bureau realized she made way less that year. Since 2024 was also worse than 2022 she will probably get some money back again next year.
BUT she needs to be careful they don't set her taxes for this year too low now, because she will likely make more than 2023 this year, otherwise she will have to pay back outstanding taxes in 2027.

>>101785244 (OP)
5 figures only starts at 10k. It's a lot, but not like a lot a lot.

>>101790475
Yes much better to just not fet any returns and pay in full lmao

>>101785774
Wait, you think paying taxes is a flex in this scenario? Holy shit you're buckbroken by your government lmao

>>101799440
Bragging about being a parasite is a very immigrant thing to do anon, aren't brown right?

>>101799548
I'm not lmao, but the way you champion your knowledge of giving the government money is the most cucked thing I've seen all day. Hope you can shape up soon but seeing as your oshi Raora I think you're a lost cause, I'll tell Merryweather you said hello.

>>101799548
I'm not lmao, but the way you champion your knowledge of giving the government money is the most cucked thing I've seen all day. Hope you can shape up soon but seeing as your oshi is probably Raora I think you're a lost cause, I'll tell Merryweather you said hello.

>>101796940
they could just take a flat amount or the correct amount to begin with, they don't to manipulate you and keep you invested

>>101799662
You wouldn't even have internet to spew your drivel without other people paying tax for infrastructure subhuman.

>>101785244 (OP)
By being really shit at estimating your taxes.

>>101785244 (OP)
quite common for contract work. the income is irregular so you do an estimate of how much you'll owe for the year and pay it in advance quarterly. it's better to overpay than to end up owing money at filing time. they put interest on the amount owed from the quarter you start owing them money. (at least in for the US federal tax)
i think the swiss does this too not sure about austria

>>101785244 (OP)
10,000 Austrian shekels is worth like $1000 American.

>>101801255
They use euros, so regardless of the currency (either dollar or euros) she paid too much.

>>101786555
I'd take the worst mexican over the best syrian or gypsy.

>>101801255
Yuros are still worth more (barely) than Dollarinos retard.

>>101785244 (OP)
does she have a lot of children?

People act like this is huge? People usually get 4 digit tax returns on average. She's not saying it's on the high end or she would really brag about that so it's in the lower bracket. Using every tax trick in the book and you should be able to get a 5 digit tax return as easily if you earn a lot of money and have a good tax accountant.

>>101802927
You should be getting two digit returns, if you're getting a four digit return as an average salaried worker you need to have a talk with accounting and reduce the amount they withhold from each paycheck so that money can go in your pocket instead of being a free loan to the government for a year