Taxes ... grrrr.

Just did the taxes. Every single day I go to work, every single hour I work, goes to pay our taxes.

 

Preach, sister! (brother?)

[YOUTUBE]y8OgkjcW0g4[/YOUTUBE]

 

You do know that you can make a million $ and never pay taxes?.......1st...get a million dollars...and then...dont pay taxes, It's that simple.

 

It does seem that way, but this year tax freedom day arrives April 24 - something to look forward to, right?


"Tax Freedom Day® is the day when the nation as a whole has earned enough money to pay its total tax bill for the year. Tax Freedom Day takes all federal, state, and local taxes and divides them by the nation’s income. In 2016, Americans will pay $3.34 trillion in federal taxes and $1.64 trillion in state and local taxes, for a total tax bill of $4.99 trillion, or 31 percent of national income. This year, Tax Freedom Day falls on April 24th, or 114 days into the year (excluding Leap Day)."

 

I hate tax time too...





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HOLY CRAP- just burn 'em all!

 

So are those your W2-G's or a lifetime of IOU's?

 

One in the same...right? It was fun getting them...lol

 

You seem way too organized - it would be embarrassing if I took a pic of my tax stuff.

 

We owe so much the damn govt is getting a hand pay.

 

Keno Lounge?

 

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actually, that's the way it should be..proper withholding so you don't owe and also haven't given an interest free loan to DC

 

Exactly, I got a pretty big refund this year and was pretty annoyed. My ideal scenario would be that I would have to a write a check for $1 every year come tax time.

 

The ideal payment amount on 4/15 is the highest amount one can pay without being penalized for an underpayment.

 

Given where interest rates are right now, I think I'd prefer to come out exactly even.

 

I see this a lot but if it sits in my checking account, I'm getting a whopping .2% interest? For some people, the built in savings plan is worth it. Until they get their return and go blow it on stuff. The American way!

 

Reviewed several hundred returns this year. Hooray. Looking forward to the summer of freedom

 

I max out my individual retirement (pre-tax) savings with employer contribution - that's where I want my "extra" money to go. There are plenty of savings options other than a standard bank savings or checking account. I want my tax bill/refund to be as close to $0 as possible. It's very difficult for us as my husband runs a couple of his own businesses and we do quarterly estimated taxes - depending on the year, they can be on target or way off, so.....

 

true, but interest rates won't stay this low forever, I try to keep a bare minimum in checking, and there are several online accounts paying .75%, but there are many safe preferred stocks yielding 6-7%