UnThreaded | Threaded | Whole Thread (69) | Ignore Thread Prev | Next
Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 734645  
Subject: Re: thank you working stiffs.... Date: 1/4/2013 12:47 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
"Never mind...I'll ask my accountant."


That's the problem with lots of folks these days. They don't look at how they are getting socked by taxes, what taxes do to them.


If everyone had no taxes deducted from their paychecks, and at the end of the year had to write a check to Uncle Sam....one for income tax, say for $25,000 or more....one for SS..maybe $6600 a year...one for Medicare.....equal to say $2300 a year......for a total tax bill of over $30,000 per year....

they'd realize how badly they are getting gouged by the welfare weenies.

And of course, in CA, another $10,000 check to the state of California.

Instead, all the money is never seen by them in their 'paycheck'...and when the tax forms come, they send them all off their 'accountant' to handle (for which they pay even more)......and the accountant likely has really little interest in 'minimizing taxes'....other than claiming all the legal deductions each year.

Too many people run on auto pilot.....

and for someone pushing 'life insurance' in retirement, and formerly pushing all sorts of mortgage loans that likely self destructed for half the people getting them in the next decade.... it's a bit concerting when you don't understand the 'standard deduction' and 'itemized deductions'.

Just saying....


t.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (69) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Medallion Financial: TAXI!
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement