I have my own business, and pay estimated taxes quarterly. Fortunately, I “self withhold” on all income to pay those taxes. When I opened my business, a colleague told me that if all Americans had to pay taxes the same way, we would never have allowed our government to grow to the size it has. I agree with that statement.
If all small businesses decided NOT to send in those quarterly payments we would have them by the balls!
Starve the friggin bastards I say!
“I have my own business, and pay estimated taxes quarterly. Fortunately, I “self withhold” on all income to pay those taxes. When I opened my business, a colleague told me that if all Americans had to pay taxes the same way, we would never have allowed our government to grow to the size it has. I agree with that statement.”
Yep, make everybody cut a check quarterly or yearly for a few grand and you would hear the hollering.
Withholding is out of sight out of mind. And that’s just the way the IRS likes it.
Absolutely agree! Everyone should have to write out that painful check every year. If we could get that into law, I guarantee a great fewer democrats would be elected and the tax system would be immediately overhauled.