I never understood that.
Envy. Yes, some "true conservatives" fail in that human condition.
Of course they'll never admit it.
Jesus Christ: You can’t impeach Him and He ain’t gonna resign.
Posted on 01/09/2015 1:58:41 PM PST by Evil Slayer
It could turn nasty if the “clients” don’t get the dough they’ve been accustomed to. Then again if they’re all on Medicaid, maybe it’s no big deal? We’ll just have to observe.
bump
SO many would rather have $100 now than $200 tomorrow
I prefer "Kennedy or Reid Level Rich"......Rush earned his without any family or political influence.............
True. Joe Kennedy pretty much created the dynasty, by hook or by crook. After that point, the sons inherited looks, libido and trust funds portfolios.
I haven’t seen the 2014 1040 yet but won’t they just include any TAX on that form so no matter if you are supposed to get a refund or not, it will be added to the tax you owe? So if you owed $100 on your tax return, the fact that you hadn’t purchased insurance caused a $1000 fine so now you would owe $1100?
Bttt.
You are exactly right. I often have wondered whether it would be worthwhile to post something to teach people how to fill out W-4's so as not to have excess withholding.
I never understood that.
Envy. Yes, some "true conservatives" fail in that human condition.
Of course they'll never admit it.
Jesus Christ: You can’t impeach Him and He ain’t gonna resign.
As opposed to putting it in a bank and drawing a whopping 00.17% interest.
About three years ago, I got about $5,000 tax refund. We had adopted two children and I gave no thought to the tax implications of that until tax preparing time. I immediately adjusted my withholdings accordingly. My goal is to owe the IRS around $100-$200 each April. I'm right on target so far.
PFL - what does it mean?
Good question, please ping me if you get an answer.
Rush is MUCH more wealthy than Milt. By at least a factor of thirty.
“This whole mess is incredibly complex. In the ‘hood, “fast tax” offices pop up on every street corner in January. Does anybody know if the law also allows IRS to not pay EITCs in addition to garnishing refunds?”
I think that will be the case, since the bottom-line number is all that counts (and EITC is just one of many factors). On the other hand, most of the EITC types can get free or nearly-free healthcare, either through Obamacare or Medicaid (at least in states that have expanded Medicaid)...so they can stay legal if they take the time to do so. If not...yep, their EITC is at risk.
Really? It’s none of my business at all, but one has to wonder what he does with all that money, other than save and manage it. Maybe he has a few foundations and owns a lot of property. To me, that is unimaginable wealth, apparently he feels differently. “Imagine there are no bills due, no expirations too”
Did he earn it or didn’t he?
It’s all his money, every cent, dollar, round lot and bit-coin of it.
It’s shorthand for “Ping For Later”
Sounds like a take over.
Here’s how it works in 2014: there are two ACA (Øbamacare) “taxes” that may be on your return.
The first is the failure to cover everyone in your tax household. Your “shared responsibility” payment. Yes, that includes the out-of-work BIL living in the basement if you claim him as a dependent. That’s $95 a head OR 1% of your income after std deduction plus exemption (itemizing doesn’t count), which ever is GREATER. Doubles for 2015, 50% per head for the kiddies. There are some caps but they are not trivial. Earn over 400% of the Poverty Index and you are uncapped.
Second is if you got a subsidy from a healthcare exchange and made more in 2014 than you told them you would at the time, you have to pay a clawback of the “excess” Advance Premium Tax Credit. That clawback is subject to penalty if you did not withhold enough to cover it, BTW. I remember there was some Internet advice floating around at the start about low-balling your income to get a sweet subsidy. Reality sucks and I’ll bet you won’t have recourse.
Now, Rush says “have no refund” and there’s no way they can collect? Partially correct. The ACA stops the IRS from using its nuclear toolkit of Liens and Levys but you will still be on the books as owing Uncle Sam. And it will be charged interest. Forever. Chances are being in that condition just might preclude you from doing business with the gubermint in the future.
You don’t seriously think the gubermint was just going to let you escape out from under, did you Mr. Reardon?
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