Income tax

[ucbruin]

Tax refunds are an entitlement....

 

[Zoe]

I am done. Transferred some money. About $7,800 paid and going through tonight.

I am stressing little. I am no Fernado.

I need to work now. LOL

I already paid some in and my wife paid a bunch in already being an employee. That was the end result.

Ugh.

 

[Zoe]

They say if you get it paid today your okay............and don't file for an extension, you could owe as much as 25% on balance due. Idk if that is true or not.

That would make it harder to swallow.

 

[Zoe]

I probably paid more than Trump and Warren Buffett.

 

[Fernando]

I am done. Transferred some money. About $7,800 paid and going through tonight.

I am stressing little. I am no Fernado.

I need to work now. LOL

I already paid some in and my wife paid a bunch in already being an employee. That was the end result.

Ugh.

I never get tax refunds.
Every year I pay more and more.
This year I have to pay about $11,000 more. When you make more, you pay more.

 

[Zoe]

I never get tax refunds.
Every year I pay more and more.
This year I have to pay about $11,000 more. When you make more, you pay more.

You hate it but you feel like your helping someone. I know the feeling. What kills me is some billionaires don't pay any taxes on their earned income.

 

[Fernando]

You hate it but you feel like your helping someone. I know the feeling. What kills me is some billionaires don't pay any taxes on their earned income.

Billionaires have experts hired to cut their taxes. Congress can change that but instead the millionaires pay the larger share.
The poorer 50% don't pay much.

 

[Zoe]

Billionaires have experts hired to cut their taxes. Congress can change that but instead the millionaires pay the larger share.
The poorer 50% don't pay much.

The truth is Warren Buffett says his secretary pays more than him. He is multi-billionaire.

 

[Fernando]

The truth is Warren Buffett says his secretary pays more than him. He is multi-billionaire.

When you have earned income that is wage earners, government will get you.
With appreciating values not sold, capital gains are not tax.
However dividends do get tax.
Berkshire Hathaway shares do not pay dividends so Buffett doesn't have to pay taxes. It explains why the stock is so high.

 

[Fernando]

Crap. They rejected the return because I missed the 1095-A. Now I owe $1800 more. I have to go move some money around. Evidently we made too much money to get the tax credits we got through the market place.

I wish I was on medicare.

I didn't want to charge it on credit card because you pay a service fee for credit card transaction. Like 2.5% maybe.

I will shift some money around. It won't go through the checking I drew it out of until around midnight tonight.

I think an overdraft fee is around $30-$40.

Wished I could pay by credit card but the transaction fee way to high (would cost me over $1,000).
Speaking of credit card, I usually pay off my balance but last month I paid half of it and meant to pay the other half.
I can't believe the interest rate credit card charges. I think it's like 10% after I realized it a week later. Ugh.
It's ridiculously high and it continues if not paid in full for next month.
No one should pay minimum payments. Never. You'll stay poor for rest of your life.