labworm
US Veteran
Joe, you and I have two numbers that match $962.00
Have to stay under $1000.00
I play it real close.
I AM FED UP !
- Thread starter williamlayton
- Start date
Joe, you and I have two numbers that match $962.00
Have to stay under $1000.00
I play it real close.
LVSteve
Member
In the US retired folk with investments that are earning are always in the hole at the end of the year. Coming from England I did not understand this at first. In the UK most, if not ALL, interest bearing accounts are taxed at source, i.e., your financial institution sends in a percentage on your behalf like an employer would.
In the US you earn a bunch of interest and either pay tax quarterly or suck it up at the end of the year. There is no way of adjusting your withholdings as you are not paid like an employed person, so unless you pay quarterly you dinged for the whole lot at the end of the year and complain about it here. Simple, huh?.
OP
williamlayton
Member
I'm feein better after hearing from youse guys.
My good feeling this year was that I paid the CPA more that I paid UNCLE.
Being retired, it is difficult, in these times, to know what to send in quarterly---.We try to not underestimate---buttttt---well, you know.
I had a friend who touted a CPA he used because he always got big bucks back----that CPA is washing dishes for the feds for a few years these days.
Blessings
My good feeling this year was that I paid the CPA more that I paid UNCLE.
Being retired, it is difficult, in these times, to know what to send in quarterly---.We try to not underestimate---buttttt---well, you know.
I had a friend who touted a CPA he used because he always got big bucks back----that CPA is washing dishes for the feds for a few years these days.
Blessings
CAJUNLAWYER
Member
Perfect!!!
Not filing your taxes is frowned upon by the bar association and can get you suspended or disbarred. Something about that "officer of the Court" thing
Apparantly not paying is OK since lots of lawyers are in major tax trouble and there are support groups for them to help them overcome the personal demons that drove them to that plight. But God help the poor schlub that doesn't return a clients' phone call fast enough - those little pieces of low hanging fruit are what the disciplinary board goes after 
Regarding those organizations that promise to get you out of tax trouble. They are making a killing by doing "Offers in compromise". It has been around for years and basicaly allows the IRS to get something instead of nothing. The stories you see are abberations designed to set the hook, the real process is a lot more painful. It ain't fair to those of us who pay through the nose, but then that relates back to rule #1 "Life ain't fair". Most of us here would never use it, just like most would not consider bankruptcy. But it's nice to have it thee just in case-since every bankruptcy client I have ever had first had to overcome the shame of even coming into my office in the first place to even discuss bankruptcy. There are a bunch of people that abuse these things, but the vast, and I mean vast majority are people at their wits end with nowhere else to turn. To tell you the truth, I don't begrudge them at all-I'd rather be paying and moaning than in their shoes anyday.
Brian41
Member
I got my taxes done by my CPA last night. We owed $1200 until he figured wife's school deductions and now we will get a $1500 refund which is going back into school costs. She's done with school this year and will need to adjust deductions next year.
I'd rather be close to zero but my wife loves the refund check.
No gun buying though until school's done.
I'd rather be close to zero but my wife loves the refund check.
No gun buying though until school's done.
dcxplant
Member
I got one for ya....
A fellow worker told me, about thirteen years ago when I was a newbie, about how federal taxes are unconstitutional, and that he sends in a letter each year instead of filing/paying and tried to advise me the same. I said thanks, but no thanks.....
I ran into him a few years later, and he showed me an IRS garnished paycheck that left him .62c! Boy was he singing the blues...
He pays his taxes now.
What bothers me the most is the money we spend in foreign countries... People are suffering under the increasing taxes and some countries get free F16 jets... I am so sick and tired that my money is thrown away like that while US SOLDIERS have their tuition assistance cut...
LouisianaJoe
Member
Joe, you and I have two numbers that match $962.00
Have to stay under $1000.00
I play it real close.
I would hit the like button, but that would just be mean!
Already spent
We get good returns. Trouble is the money is already spent before we get it.
We get good returns. Trouble is the money is already spent before we get it.
I love tax problems. When I was in the pharma biz, I made so much money I was paying heavy 5 figure tax bills. Even with itemizing and adding every receipt I could find. 20 page returns. Now, me and the wife pay about the same as a good quarterly "pill pushing" bonus would be. Even got some of it back this year. Heck, if the economy gets any better we'll get an EBT card and we can eat the expensive cuts of meat. Joe
JcMack
Member
In 4 more years we'll look back and think of 2013 as the good ol days. I've got my tax deductions figured out almost to the penny. When I die either I won't anything to the gov, or the IRS (girl I hope) will going thru my pockets at the funeral looking for the last dime I owe em.
Thanks to my tax refund, I'm going to be able to afford physical therapy for another year.
Check this out. If I went to the physical therapy facility recommended by my insurance company, it would cost me $200 a month going twice a week, out of pocket, plus a 40 mile drive one way. If instead, I joined a local resort 6 miles away for a year, it comes out to be $150 a month, has the same facilities and I can go everyday if I wanted to. Just seems kinda screwy to me.
Check this out. If I went to the physical therapy facility recommended by my insurance company, it would cost me $200 a month going twice a week, out of pocket, plus a 40 mile drive one way. If instead, I joined a local resort 6 miles away for a year, it comes out to be $150 a month, has the same facilities and I can go everyday if I wanted to. Just seems kinda screwy to me.
Peter M. Eick
Member
Exactly!
This year I will pay more in taxes then my first house costs when I bought it.
I worked it out that I pay 3 seconds of our debt for this year. So who is paying the rest of it?
This year I will pay more in taxes then my first house costs when I bought it.
I worked it out that I pay 3 seconds of our debt for this year. So who is paying the rest of it?
That'd be me, Peter. Unfortunately.
bluegrassrules
Member
Self employed, have paid every year for23 years.
Cheers
Cheers
I pay a lot of taxes. My return is only my inability to regulate correctly my withholdings. I get a bi-weekly check but also quarterly bonuses. These bonuses are taxed at a much higher rate that I have no ability to control nor predict their value. So the Govt. gets to play with a bunch of my money during the year and then around February they return it without interest. It's a great system. It's not what you get in a return...it's what they keep that doesn't get returned that is the real problem.
Last edited:
CW Spook
US Veteran
Once again this year I'll be buying someone in the IRS another Registered Magnum...sigh...
Peter M. Eick
Member
If my tax bill were only a Registered I would be celebrating. Mine could pay for a bunch of them. I got hit very hard with changes in the Tax code.
deadin
US Veteran
To all those that are crying how much overall taxes they pay:
I would happily pay that amount as long as I had the income that caused it.
I would happily pay that amount as long as I had the income that caused it.
So that's what has happened to all the cats in the neighborhood! Fellas, it could be a whole lot worst... I suppose you all have heard that Crete nationalized (that's a government uphamism for "stole") 40% of all deposits in the national banks of Crete. They called it a "hair cut". I thought they called that a guillotine.
I understand Spain is next.
True. I was bellyaching about taxes to my property manager in Hawaii a few years ago when he said, "It is a nice to be in a position where you have that problem...."To all those that are crying how much overall taxes they pay:
I would happily pay that amount as long as I had the income that caused it.
True enough. Thanks for the reminder.
medxam
US Veteran
Just wait until your beloved wife of 48 years dies and you have to file at the "single" rate. It is unfair. My estimated taxes for next year have sky rocketed!
medxam
medxam
Jeff423
US Veteran
Between state and Federal I owe $10.00. That says my with holdings are perfect!
Jeff
Jeff
williamcrane
Member
Last year I got over 4K refund. Through some tax planning I got only $67 this year. Don't lend the Govt your money.
okav8tor
Member
- Joined
- Mar 21, 2013
- Messages
- 59
- Reaction score
- 10
The way taxes are collected is ingenious. People are happy when they get a refund, they think they are getting government money!!! 
We all pay taxes. Some just overpay all year long. They get their own money back and are happy! Brilliant!
The best thing that could happen to this country would be to eliminate payroll collection of taxes and have EVERYONE pay their taxes in full on election day.
We all pay taxes. Some just overpay all year long. They get their own money back and are happy! Brilliant!
The best thing that could happen to this country would be to eliminate payroll collection of taxes and have EVERYONE pay their taxes in full on election day.
DeathGrip
US Veteran
My tax repairer died last year. RIP
Similar threads
