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Coffee Shop
Another tax thread
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<blockquote data-quote="Jogeephus" data-source="post: 1325582" data-attributes="member: 4362"><p>That may be the case but I don't think so. If they are basing it on what I made last year there is no guarantee I'm going to make that amount again so in my view I'm paying for money I haven't made. </p><p></p><p>For example, a few years ago I claimed no deductions and they zapped me good on my payroll income but in addition to this I had to pay a huge sum of money quarterly based on what I had made the previous year. That year was special. The moon and the stars had lined up in a unique way and I earned way above average and every dime I had after paying my monthly payroll taxes went to pay this quarterly tax which left me nothing. </p><p></p><p>Had my wife not been working we would not have been able to pay the light bill without going into savings. True, I got it all back but to me my getting it back just proves I paid taxes on money I did not earn. Just think how hard it would be to make ends meet if you were forced to work all year before you could draw a paycheck. It just doesn't seem right. After all, if I owed them money they would charge 1.5%/month but they got use of my money for a year interest free - well actually it was 18 - 19 months because of the lag time before getting the refund - and they didn't even send me a phone with the check.</p><p></p><p></p><p></p><p>I think this is how it has applied to me. I don't think this is right. Tomorrow is promised to no one, nor am I guaranteed the same income as last year. No, its not good on my blood pressure but who am I to call what with me without an obama phone and all.</p></blockquote><p></p>
[QUOTE="Jogeephus, post: 1325582, member: 4362"] That may be the case but I don't think so. If they are basing it on what I made last year there is no guarantee I'm going to make that amount again so in my view I'm paying for money I haven't made. For example, a few years ago I claimed no deductions and they zapped me good on my payroll income but in addition to this I had to pay a huge sum of money quarterly based on what I had made the previous year. That year was special. The moon and the stars had lined up in a unique way and I earned way above average and every dime I had after paying my monthly payroll taxes went to pay this quarterly tax which left me nothing. Had my wife not been working we would not have been able to pay the light bill without going into savings. True, I got it all back but to me my getting it back just proves I paid taxes on money I did not earn. Just think how hard it would be to make ends meet if you were forced to work all year before you could draw a paycheck. It just doesn't seem right. After all, if I owed them money they would charge 1.5%/month but they got use of my money for a year interest free - well actually it was 18 - 19 months because of the lag time before getting the refund - and they didn't even send me a phone with the check. I think this is how it has applied to me. I don't think this is right. Tomorrow is promised to no one, nor am I guaranteed the same income as last year. No, its not good on my blood pressure but who am I to call what with me without an obama phone and all. [/QUOTE]
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