UnThreaded | Threaded | Whole Thread (32) | Ignore Thread Prev | Next
Author: blackmare Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311074  
Subject: Re: It does hurt sometimes Date: 8/31/2003 1:01 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 5
I followed your link, but found they were using a lot of tax language that I don't really understand to start with. Also, they are talking to people who are employed by others and are on a payroll. Everything's different for me, as a (mostly) self-employed person.

So far, I have not been paying quarterly estimated taxes, and to my knowledge I haven't been penalized for that. Only for filing an extension and paying after 4/15.

I have figured that, as my income rises, the IRS is likely to notice and want their interest free loan, I mean their quarterlies, from me. Ugh.

We really, really need tax reform in America. It's so hard to figure anything out, and it's so ridiculously expensive to pay it all. No government should be allowed, IMO, to ever keep more than 20% of the income of its citizens; and it should never punish us for saving and investing by taxing our gains, either. Nor should it be, in a supposedly free country, that we have to either invest in Uncle Sam's dubious retirement pyramid scheme, or go to jail.

Free country? It might have been, but then came the IRS.

up too late and heading for bed
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (32) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.