Posted on 01/07/2010 8:05:03 AM PST by Paratrooper
I have underpaid my withholding in the past and had to pay a quarterly supplement the next year, but I never underpaid by April 15, the due date. I got no penalties then and hope to have none for the future as long as I plan to pay up on April 15.
The NappyOne
Yes and no. You pretty much have to be in bad faith. I always mark “0” exemptions to prevent a nasty surprise in April (I generally still owe a bunch), but this year I marked the full number of dependants I can (8).
I will save up for 4/15.
I kinda want to starve the beast.
You’ve got the wrong date. As long as it will be a Constitutional Amendment, the tax payment due date should be set as 5 days before any general election.
You pay taxes twice yearly, once before “super Tuesday” and once before the general election.
Withholding is a scam that should have been terminated decades ago.
(It relies on the same general rule of thumb that many successful savers use, e.g., a split in periodic direct deposit payments to divert a portion of each paycheck to one’s savings account.)
Unfortunately, the GOP leadership is too busy participating in the scam to actually push for its repeal.
Stay under 10 unless you want to give the IRS reason to start sniffing around.
It may come to the point where we all do #1 (increase exemptions) but fail to do #2 (send in the payments) in order to “starve the beast” and refuse to support this insanity. It’s our only weapon outside of the ballot box and unfortunately we can only do our part in our own district/state with regard to voting and are at the mercy of morons in the rest of the country.
I seen mine today this is Real!!
This needs Bumped back to Top
Didn’t he also say (about 8 times or more) that there would be transparency in this government and we could all watch the “debate” on the health care thing on C-SPAN?
Oh, and that the bills would be on the internet for people to see?
And didn’t he also say that no decisions on the bills would be made for a full 5 days...?
Pffft. I LOATHE this man and this government. Absolutely!
It will be significant increase in my taxes with held
Congress has spent so much that they could take 100% of of all earnings and still not have enough to make a dent in the debt; and still they spend more and more every day. Collapse is inevitable.
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