Posted on 11/29/2012 11:31:01 AM PST by Red Badger
Well aware of the “fine”....but, you can plan so that you avoid it...you just have to have a good financial person thinking about it (which my husband is)
Should have added....planning by paying QUARTERLY Estimated taxes...
Good!!!! I got hit with the AMT once, it was very, very painful. I want the pain to be felt FAR and WIDE.
If only people making $33K a year WOULD pay some taxes.
Right now I think they are on the bubble for getting EITC.
It takes me about four hours to complete the stupid form. Not an easy task, especially after a few glasses of wine. I have screwed it up three times in the last few years and usually to my advantage, so they send me a larger refund.
Wish everyone had to pay their taxes quarterly. You would see a LOT of people crawling all over their congressmen to get the code changed and rates lowered.
in other words: Keep em occupied.......over there.
Don’t be such a passive quitter!
Cant you get your IRA into something you can self-manage?
having some of your IRA in physical gold or silver will ensure you do not lose every paper dollar of it
after you stop funding your IRA think hard about some tangible investment you can buy and hold for the long term!
Even a doublewide parked on some arable land with underground water, owned free and clear
They will.
To many people on SS and other forms of governmental assistance. The pile of money is to large.
My plan:
move tax day to Oct 31st and eliminate withholding.
Make everyone write one big check right before election day.
Let it go into affect. REV II comes earlier than expected.>>>>>>>>>>>>>>>>
Agreed. Its time to make POSHITUS pay.
I have long advocated exactly that.
http://www.freerepublic.com/focus/news/2963306/posts
As usual FR is ahead of the curve....
I posted weeks ago what are your CPA's and Enrolled Agents doing? Are they Freaking? Mine are, they have been warning of all this for weeks.
Tomorrow I go see the a CPA friend who has taken a tax planning program and taken out the "Patch" to see if we are in AMT land this year if this all falls apart, I'll keep you posted....
This is all serious as a Heart Attack folks, I need to start another thread about CPA's etc and what they are experiencing and what they are recommending their clients to at least consider....
You don't have to be wealthy to be annoyed with this. Just be middle class and use TurboTax (or its equivalent) and you'll know what I mean.
It seems totally ‘unfair’, in that if you calculate your taxes, using the government’s own laws and pay too little, then they say you have to pay more simply because you are obeying the laws.....They should just come out and say, “If you make this much, then you pay this much.” and be done with it, don’t beat around the ‘Bush”..............
Unfortunately I’m a bit of a pessimist. I’m 32 and don’t believe I’ll live to see retirement. When the gun grabbers start going door-to-door, I’m of the ilk who will fire back and likely die in the fusillade. If that doesn’t happen, I don’t believe this nation will resemble anything we currently know as I get older. If I make it to retirement age and the world hasn’t completely shit the bed, I’ll either have nothing left in my accounts or will be so beat down that I don’t care.
I was preparing for pastoral formation at one point in my life and was contented with the idea of living a life of poverty, sacrifice, and worship. Now that I’m a successful engineer making a modest living, I have no debt and do not covet material possessions. If I lost everything tomorrow, I would not weep for my loss but be thankful for my life. Material possessions can be replaced.
As life becomes more difficult in this country, I’ll be spiritually prepared to fight for my liberty, and at this point, retirement is far off and something I pray to achieve but under which don’t plan to live a life of excess.
But yes, Washington creates tax laws then gets upset when people follow them and the rich don't pay enough. So they create a second tax system which doesn't solve the problem. And they're still upset when rich people still don't pay enough taxes. So they create a third tax system...
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