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re: How are the results of your tax returns coming along?

Posted on 4/9/24 at 7:43 am to
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
66960 posts
Posted on 4/9/24 at 7:43 am to
quote:

know that means that my withholdings were correct throughout the year but when I see how much I paid and think about how much easier my life would be if I had that money I get pissed AF.


The world would be a better place if withholdings were not a thing and we all had to write gigantic checks in April. Taxes and rampant government spending would get fixed with a quickness
Posted by Sidicous
NELA
Member since Aug 2015
18355 posts
Posted on 4/9/24 at 8:03 am to
quote:

The world would be a better place if withholdings were not a thing and we all had to write gigantic checks in April. Taxes and rampant government spending would get fixed with a quickness


Nope, not happening. Wait till you’re retired and have to make quarterly estimated tax payments for being considered self employed. Depending on investments payments can fluctuate wildly (mom gets a refund this year that covers this year estimated taxes in full and a substantial cash payment to her because previous years income was so much greater).

Point is, with so many retirees making substantial quarterly payments and not a single one demanding changes for several decades now, don’t look for any serious complaints to start.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
102300 posts
Posted on 4/9/24 at 7:19 pm to
quote:

The world would be a better place if withholdings were not a thing and we all had to write gigantic checks in April


Automatic withholding should be illegal.

People should have to stroke a check to the government every month (and every adult pays - even if it's only $100). You bet you arse people will start caring about taxation and spending.
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