- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Why is the government so unreliable?
Posted on 4/13/21 at 8:22 am to meansonny
Posted on 4/13/21 at 8:22 am to meansonny
quote:
What do you know about commissions and bonuses?
Not much, im guessing.
what do you know about proper withholding, estimated tax payments and managing your tax bill throughout the year instead of once a year?
not much I’m guessing
BTW if your point about bonuses and commissions was that many people’s income fluctuates, that would generally result in underpayment due to increased income at uneven intervals. Thus the prevailing issue with bonus based income is a tax bill, not a refund
There is nothing at all wrong with a tax bill, that means you are erring on the side of keeping your money with you, not the US treasury, until and if it is called away.
This post was edited on 4/13/21 at 8:33 am
2
Posted on 4/13/21 at 10:36 am to cgrand
quote:
what do you know about proper withholding, estimated tax payments and managing your tax bill throughout the year instead of once a year?
not much I’m guessing
Avoid the question much?
Looks like u r trying to change the subject
quote:
BTW if your point about bonuses and commissions was that many people’s income fluctuates, that would generally result in underpayment due to increased income at uneven intervals. Thus the prevailing issue with bonus based income is a tax bill, not a refund
And now i know why you want to change the subject. You dont know anything about payroll withholdings on commissions/bonuses.
The withholding on commissions/bonuses is 22%. W4 forms have no effect on commission and bonus payments.
quote:
There is nothing at all wrong with a tax bill, that means you are erring on the side of keeping your money with you, not the US treasury, until and if it is called away.
When payroll is withholding 6 figures of my pay at 22% because of laws, im going to get a healthy refund... not a bill.
Posted on 4/13/21 at 12:18 pm to cgrand
quote:
There is nothing at all wrong with a tax bill, that means you are erring on the side of keeping your money with you, not the US treasury, until and if it is called away.
I'm actually celebrating that we're going on five years of not giving the government interest free loans.
It sucks cutting a check to the IRS, but it's a lot better than knowing that I gave them a chunk of my income all year long that they didn't deserve to have.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News