Nailed it! Been there, done that! Not doing it again!
“....Lesson one: how to file your quarterly taxes...”
“...Nailed it! Been there, done that! Not doing it again!....”
Absolutely. Everyone should have to file quarterly. It’s truly eye-opening.
When I first went out on my own, I was shocked at how much the government sucks out of a productive person. My last full year of consulting, I was paying over $25K/quarter and my total tax liability for the year was over $100K!!! Sure, I made some real good money, but I was working away from home, from before dawn till past dusk, 7 days/week. I had no life whatsoever other than working. When I complained to my tax attorney, he had some ideas on how to reduce it some, but his best one was:....retire and enjoy life.
Then one day at a certain location, I drove by a large stream where a bunch of low-IQ types were laid out on the bank, fishing and drinking...I’d see this every day...while I was busting my azz off to make a buck. So one day out of the blue, I took his advice and just outright quit working....DONE! I finally had my belly full.....DONE!
Now, my total tax liability is as close to zero as possible. I went from over $100K to practically zero....and I plan on keeping that way. In my mind, It was just not worth busting my butt off so the govt can suck it out (legalized theft) and hand it to a bunch of low-life that won’t work so they can live off it. Now, I do the fishing, ride my motorcycle, do a little traveling, and fart around in my shop....a waaaaay much better life with less stress.....and a whole lot less taxes.
Yeah. Everyone should have to pay quarterly without payroll deductions of any kind. My guess is that they’ll be voting different on tax issues down the road.