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re: Rep. Ferderica Wilson doesn’t think people prepay taxes

Posted on 10/23/20 at 9:42 pm to
Posted by DaManiacLovesYou
Member since Mar 2020
244 posts
Posted on 10/23/20 at 9:42 pm to
I don’t take anyone serious that chooses to dress like that.
Posted by LongueCarabine
Pointe Aux Pins, LA
Member since Jan 2011
8205 posts
Posted on 10/23/20 at 9:46 pm to
Is that Cowboy Curtis after the sec change?
Posted by Penrod
Member since Jan 2011
39617 posts
Posted on 10/23/20 at 10:15 pm to
quote:

Also people who aren’t sure if they’ll qualify for tax credits.

Business owners, who are on a cash basis, have to make estimated tax payments each quarter. Those payments are safe harbored (in other words if they are not enough there will be no penalties) if they are high enough to cover a certain percentage of the previous year’s taxes.

In short, many business people make quarterly estimated payments that are essentially pre-paid.
Posted by obdobd918
Member since Jun 2020
3228 posts
Posted on 10/23/20 at 10:30 pm to
quote:

Amazing the idiocy running this country.

It's astonishing how many people vote FOR these idiots. What does that say for them?
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