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Uh...a lot of people did plan their taxes - but the Obama administration changed the withholding formulas to take out more money partway through last year. Yes, people could then change their W-4s - but the change intimidated many into thinking that they actually owed more taxes.
I personally am not - will probably have to pay a bit due to cap gains and stock option income. I made quarterly payments; but what with re-financing the house to get the 4.75% mortgage, to figure it all out would have required doing the detailed taxes to nail the #. No thank you.
It's not quite that easy to perfectly estimate taxes when one does the long form - and has variable income and some extraordinary events mid-year.
There is also the factor of How Much Frelling Time does one want to spend on taxes? It's a trade-off: recalculate every month; or just live with a bit of imprecision and clean it up by April 15th. Taxes should not have to be a lifestyle.
Some day you'll be rich and retired like I was -- at 42...Already Recovered PLUS... And will Continue... But then again I am only 38.
That gets paid back when you do your taxes, because the tables weren't changed, therefore NO tax cut.actually, midstream last year, we got a tax break, and paid LESS in taxes via with holding.....something very small, like $20 bucks a month less for us! came from the stimulus bill, i think?
That gets paid back when you do your taxes, because the tables weren't changed, therefore NO tax cut.actually, midstream last year, we got a tax break, and paid LESS in taxes via with holding.....something very small, like $20 bucks a month less for us! came from the stimulus bill, i think?
It was a deferment. Not a cut.
No doubt then, since you realize this -- you'll call BULLSHIT each and every time Obama, his staff, and his acolytes and idiotic minion parrots out there claim that "Obama cut taxes for 95% of people" when clearly, demonstrably, he did no such thing. It's a fucking LIE, if you'll pardon the profanity.That gets paid back when you do your taxes, because the tables weren't changed, therefore NO tax cut.actually, midstream last year, we got a tax break, and paid LESS in taxes via with holding.....something very small, like $20 bucks a month less for us! came from the stimulus bill, i think?
It was a deferment. Not a cut.
true...
I got money back as well, because my actual income is well below the poverty level. In fact I got back everything I paid in, and a few thousand more because I am so poor.but because of some other credit I did not expect, I still get some money back....at least from my preliminary run through on turbo tax....
I cannot be so cavalier regarding my finances.
No one gets a dime more out of me than is absolutely necessary and that goes double for the fucking government.
I cannot be so cavalier regarding my finances.
No one gets a dime more out of me than is absolutely necessary and that goes double for the fucking government.
Freedom - it's a wonderful thing.
I can respect your effort - but have chosen to damage only a certain brain cells in the quest for precision on my estimates.
Life is just too short!
I cannot be so cavalier regarding my finances.
No one gets a dime more out of me than is absolutely necessary and that goes double for the fucking government.
Freedom - it's a wonderful thing.
I can respect your effort - but have chosen to damage only a certain brain cells in the quest for precision on my estimates.
hahahahahahahahahahaha! I know what you mean!
I gotta spread some rep before you can get it again....sorry!
Life is even shorter when you run out of money.
And what makes you think it takes all kinds of time to properly manage one's money?
Life is even shorter when you run out of money.
And what makes you think it takes all kinds of time to properly manage one's money?
Scuze me - I'm not criticizing how you handle your finances. We are not all the same. I have a very complicated return for 2009 - and have chosen an approach with which my husband and I are both comfortable.
You don't know the specifics of my situation. I'm not questioning how you handle your money - and ask equal consideration in return.
How long until the government has the 14K back?
2 months?
You need to shop around for a better CPA.
Uh...a lot of people did plan their taxes - but the Obama administration changed the withholding formulas to take out more money partway through last year. Yes, people could then change their W-4s - but the change intimidated many into thinking that they actually owed more taxes.
Not stupid, just poor.only stupid people have 4 figure refunds.
