I owe $24,000 in TAX!!!
Out of context: Reply #18
- Started
- Last post
- 29 Responses
- iodine740
Ok.. have to get on my soap box. hehehe. Not directed at anyone in particular.
Just remember, that for you guys that are traditionally employed.... whenever you "owe" taxes and have to write the gov't a check, that's ABOVE and BEYOND the money you've already been paying out throughout the course of the year via Withholding.
Withholding is the most evil part of taxes in the US (do you guys overseas have that?) It was supposed to be a temporary thing for WWII, to get the gov't funded better and quicker for the war. Before that you had to write a big fat check at the end of the year.
Could you imagine getting a bill from the gov't at the end of every year saying you owed $15K? Most people would sh*t a brick... even if they were getting about 30-40% more in their checks over the course of the year.