Small businesses and people who are independent contractors, must pay quarterly taxes, IN ADVANCE. They have to guess what they’re going to make and pay taxes on it. Right now, they’re paying their estimated first quarter taxes for 2014.
Drudge is telling the truth.
It’s ironic to see that the libs’ main (false) argument is that Drudge won’t have to pay the penalty until next year. They aren’t arguing that it isn’t bad. Just delayed. And it’s not.
Farmers and fishermen Do Not pre-pay quarterly: we never know what the year will bring.