I used to sell real estate. You have to pay your own taxes. And it has to be quarterly.
That’s what I was thinking. But most people never see it so it’s more painless.
Right - we were self employed for years and had the pleasure of paying the entire FICA tax also. It was called SE tax. The estimated quarterly payment had to be pretty near accurate or there was a penalty at tax time. Everyone really should have to go through that procedure, I agree! It would bring it home more than talking about it ever would.