my ass hurts

[TAB]

just finally got my taxes done. 


it really, really hurt. 


I though I was doing really good and saved quite a bit of cash last year.... nope.  savings drops down to almost nothing.

[MikeBjerum]

Perfect timing:  now you can be a Bernie voter

[Timothy]

I break even, year after year...  I have it figured out.

[billt]

Have more withheld.

[fatbaldguy]

Owed 'Uncle Sugar' $500, my state refunded me $488.  Have changed withholding on W-4 for $10 more dollars per week.

TAB, since you are self-employed, pay estimated taxes quarterly.  It will help, if you don't already do so.

[Sponsor]

[r_w]

I owed last year more than I will make this year...

[Big Frank]

I was having too much federal tax withheld, an extra $50 a month, so I changed it and thought I would get $400 back. I must not have changed it soon enough because I got $800. My goal is to get something back but not that much.

[TAB]

Have more withheld.

self employed, I pay quarterly.  This year it was the unearned income that got me.   

[TAB]

http://www.vox.com/policy-and-politics/2016/3/25/11293258/tax-plan-calculator-2016



punch in your last years numbers and see what you get....


$70070 more.   granted that's earned income only not unearned...   yes I did very well, but it came from flipping houses. ( 29 in total)  my construction company didn't do so well last year.  only made me 38k and change.  ALL OF MY EMPLOYEES MADE MORE THEN I DID!   all but 2 made more then twice what i did.

yet at the end of the year, after I write the check to the feds I will have a whole $941.17  in my personal savings.  $1000 in my checking( min for the bank with out getting fees, I always transfer what I need from my saving into my checking to pay the bills. )   so i busted my ass for a entire year and only have 1 gun, $1500 in new tools and 2k in the bank.   yet people wonder why the hell i think the system is crap.    every thing else went into keeping people employed.



PS i live in a 1400 sqft house, i drive a 22 year old truck.... yeah sure feels like i am working to pay the bills of those that mooch off the system.

[MikeBjerum]

http://www.vox.com/policy-and-politics/2016/3/25/11293258/tax-plan-calculator-2016



punch in your last years numbers and see what you get....


$70070 more.   granted that's earned income only not unearned...   yes I did very well, but it came from flipping houses. ( 29 in total)  my construction company didn't do so well last year.  only made me 38k and change.  ALL OF MY EMPLOYEES MADE MORE THEN I DID!   all but 2 made more then twice what i did.

yet at the end of the year, after I write the check to the feds I will have a whole $941.17  in my personal savings.  $1000 in my checking( min for the bank with out getting fees, I always transfer what I need from my saving into my checking to pay the bills. )   so i busted my ass for a entire year and only have 1 gun, $1500 in new tools and 2k in the bank.   yet people wonder why the hell i think the system is crap.    every thing else went into keeping people employed.



PS i live in a 1400 sqft house, i drive a 22 year old truck.... yeah sure feels like i am working to pay the bills of those that mooch off the system.

And you have a hot doctor wife and child 

You need to look at something with your financial people - Knowing a little about property and equipment, it doesn't sound like they are reporting your financial transactions correctly - unless you are not in the business of buying and selling or if you do not intend to reinvest the procedes.  Second, they need to do a better job of estimating through the year, or your large sums will cost you larger penalties for not making large enough contributions through the year.