Through a series of circumstances (no longer a homeowner, switched from W-2 to S-corp income, had to pay very little estimated tax through the year), I just sent the biggest check of my life to the federal and state government.
Ouch.
Ouch.
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At least the Big Ten went after a big-time addition in Nebraska; the Pac-10 wanted a game so badly, it added Utah
-Berry Trammel, 12/3/10 -
I too was stuck in this situation today. I've always gotten refunds on my taxes, but this year we had to pay a lot out due to some bad financial advice to my wife from her boss. Can't really afford it, but what do you do? -
We owed a FORTUNE this year. And might I just say that if this is deficit taxation I'd hate to see what things would look like if we actually started paying the piper. Sheesh!Comment
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Imagine if we didn't have income taxes, but instead we had to pay-as-we-go on everything. Can you imagine the nightmare?"Wuap's "problem" is that he is smart & principled & committed to a moral course of action. His actions are supposed to reflect his ethical code.
The rest of us rarely bother to think about our actions." --SolonComment
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Uh...no.Originally posted by wuapinmon View Post
I would much prefer a VAT. A tax based on consumption makes so much more sense to me in a world of limited resources than one based on income.At least the Big Ten went after a big-time addition in Nebraska; the Pac-10 wanted a game so badly, it added Utah
-Berry Trammel, 12/3/10Comment
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No joke. I'm very nervous for the future.Originally posted by Babs View PostAt least the Big Ten went after a big-time addition in Nebraska; the Pac-10 wanted a game so badly, it added Utah
-Berry Trammel, 12/3/10Comment
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Except that we can hardly afford a disincentive to spending. Our entire economy rests on three pillars: spending, spending, and spending.Originally posted by ERCougar View PostComment
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I got the biggest return I can remember this year. Go figure.
That just means I overpaid est taxes earlier in the year. Grossly overestimated profit for the year."There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creeksterComment
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I did too. A pay cut and deductible moving expenses will do that. Plus with the job change they over-withheld FICA.Originally posted by Jeff Lebowski View Post"It's true that everything happens for a reason. Just remember that sometimes that reason is that you did something really, really, stupid."Comment
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Four, you forgot breastses.Originally posted by Babs View PostThere's no such thing as luck, only drunken invincibility. Make it happen.
Tila Tequila and Juggalos, America’s saddest punchline since the South.
Yesterday was Thursday, Thursday
Today is Friday, Friday (Partyin’)
…
Tomorrow is Saturday
And Sunday comes afterwardsComment
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I'm getting a refund, but I also saw $14,000 fly out the window in the form of tax credits that I missed out on by building a home (our first home) that was completed in October 2008 as opposed to, say, February 2009. $8,000 federal tax credit (doesn't have to be paid back) and a $6,000 state tax credit for building a new home that only applies for homes purchased after January 1, 2009 (may also apply to buying a never-lived-in foreclosure, I'm not sure).Originally posted by ERCougar View PostPart of it is based on academic grounds. Among major conferences, the Pac-10 is the best academically, largely because of Stanford, Cal and UCLA. “Colorado is on a par with Oregon,” he said. “Utah isn’t even in the picture.”Comment
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There's a spending stimulus from higher take-home pay. And if there is one good thing that will hopefully result from this recession, it's that Americans will learn how to save and not spend. Our prior levels of spending were unsustainable. This generation that has no idea how to save money will eventually stop making it, and then what?Originally posted by Babs View PostAt least the Big Ten went after a big-time addition in Nebraska; the Pac-10 wanted a game so badly, it added Utah
-Berry Trammel, 12/3/10Comment
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2008 was our first full calendar year of home ownership, and we added another child to the mix, so we had nothing against which to really gauge our witholdings. It turns out we withheld quite a bit too much, and received a nice return in February.Prepare to put mustard on those words, for you will soon be consuming them, along with this slice of humble pie that comes direct from the oven of shame set at gas mark “egg on your face”! -- Moss
There's three rules that I live by: never get less than twelve hours sleep; never play cards with a guy who's got the same first name as a city; and never go near a lady's got a tattoo of a dagger on her body. Now you stick to that, everything else is cream cheese. --Coach FinstockComment
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Welcome to extensionville!Get confident, stupid
-landpokeComment
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Same boat. I chose to have very little withheld this year so I also wrote the largest check I've ever written today. I also had to pay a penalty for insufficient withholding that I was unaware I would owe, but it was much less than the interest I earned on the money I got to hold.
I say it every year, but I think you'd see a lot more motivation for tax (and spending) reform if we did away with mandatory withholding. Writing one big check every year is very painful."It's devastating, because we lost to a team that's not even in the Pac-12. To lose to Utah State is horrible." - John White IVComment
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