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post #1 of 15 Old Apr 5th, 2013, 5:14 am Thread Starter
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Blankety blank *&%# government and taxes

I just found out that I have to pay in for taxes this year. I have some money invested and the market did good last year. I'm informed that in addition to the money that I have to pay, I have to start paying quarterly this year on what I might make. WTH?????? How can this happen????? What a way to ruin the weekend.

In addition to this, I'm afraid the tax situation in this country is going to get worse.

Meanwhile the people on welfare (here in MI) can buy whatever they want with their bridge cards, cigarettes, steak, etc.......and do not have to submit to a drug test.

OK, I'll stop

David Hogerheide

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post #2 of 15 Old Apr 5th, 2013, 6:04 am
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Re: Blankety blank *&%# government and taxes

Be happy! When you have to pay money at filing time it means that you did better than estimated when you get a refund it means you gave the government an interest free loan. Just remember that when compared to the rest of this world's population you are already in the fortunate 2% just by being born in the western world, healthy and hopefully of sound mind

Gerhard

P.S. the bar is not set very high to join those on welfare, I don't think their funding will buy many steaks, motorcycles etc.
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post #3 of 15 Old Apr 5th, 2013, 8:20 am
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Re: Blankety blank *&%# government and taxes

Look at that, a Canadian telling someone from the US how good we have it! Interestingly enough, I agree with him, the direction we are headed, we will be in the same shape in the health care system that they are!

ObamantionCare will kill us all!

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post #4 of 15 Old Apr 5th, 2013, 8:26 am
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Re: Blankety blank *&%# government and taxes

Quote:
Originally Posted by leod029
the direction we are headed, we will be in the same shape in the health care system that they are!

ObamantionCare will kill us all!
I have only had positive experiences with Canadian health care, it seems the over all out come is pretty good too as life expectancy of Canadian residence is higher than those south of our border.

Gerhard
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post #5 of 15 Old Apr 5th, 2013, 9:02 am Thread Starter
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Re: Blankety blank *&%# government and taxes

Quote:
Originally Posted by gerhard
Be happy! When you have to pay money at filing time it means that you did better than estimated when you get a refund it means you gave the government an interest free loan. Just remember that when compared to the rest of this world's population you are already in the fortunate 2% just by being born in the western world, healthy and hopefully of sound mind

Gerhard

P.S. the bar is not set very high to join those on welfare, I don't think their funding will buy many steaks, motorcycles etc.

What really ticks me off is that I have to pay the estimated taxes this year based on how things did last year.

David Hogerheide

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post #6 of 15 Old Apr 5th, 2013, 9:52 am
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Re: Blankety blank *&%# government and taxes

Some people would complain if they were hanged with a new rope.
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post #7 of 15 Old Apr 5th, 2013, 11:31 am
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Re: Blankety blank *&%# government and taxes

Quote:
Originally Posted by dthogey
What really ticks me off is that I have to pay the estimated taxes this year based on how things did last year.
If you expect to have a similar income situation this year as last, then yes, you should use the estimated tax worksheet to make quarterly payments.

If last year was an exception and you don't expect to owe any taxes at the end of this year, then no, you don't have to use their estimated tax sheets or make any payments.

But if you get it wrong, they may decide to charge you penalties and interest on that unpaid sum . . .

When we were living in the UK, we had to file and pay UK taxes, and we had to file US taxes just to be sure we didn't owe them anything. That was fun, with a US salary and UK living expenses in different currencies, and different filing periods between the two countries.

Every year, the UK accountants did their estimates and said "Oh my god, you owe 5,000 and you have to pay it right now!"

And then we'd complete the actual forms, and get a 6,000 refund . . .

After the first year, we said "No, we're not paying anything until you complete the forms and give us a final total." And every year, we'd get a refund . . .

Ken
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post #8 of 15 Old Apr 5th, 2013, 11:32 am
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Re: Blankety blank *&%# government and taxes

Quote:
Originally Posted by leod029
ObamantionCare will kill us all!
In your opinion . . .

Personally, I'd rather spend the money here in the US taking care of our own citizens, than randomly bombing other countries just so we can pay to rebuild them . . .

And here I thought the Crapper forum was dead . . .

Ken
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All lower 48 states plus Alaska on the K13GT in two weeks . . .

Some people see the gas tank as half empty. Some see it as half full. All I care is that I know where the next tankful is coming from...
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post #9 of 15 Old Apr 5th, 2013, 11:49 am
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Re: Blankety blank *&%# government and taxes

Quote:
Originally Posted by meese
If you expect to have a similar income situation this year as last, then yes, you should use the estimated tax worksheet to make quarterly payments.

If last year was an exception and you don't expect to owe any taxes at the end of this year, then no, you don't have to use their estimated tax sheets or make any payments.

But if you get it wrong, they may decide to charge you penalties and interest on that unpaid sum . . .

When we were living in the UK, we had to file and pay UK taxes, and we had to file US taxes just to be sure we didn't owe them anything. That was fun, with a US salary and UK living expenses in different currencies, and different filing periods between the two countries.

Every year, the UK accountants did their estimates and said "Oh my god, you owe 5,000 and you have to pay it right now!"

And then we'd complete the actual forms, and get a 6,000 refund . . .

After the first year, we said "No, we're not paying anything until you complete the forms and give us a final total." And every year, we'd get a refund . . .
I

n most cases, you must pay estimated tax for 2013 if both
of the following apply.
1. You expect to owe at least $1,000 in tax for 2013,
after subtracting your withholding and refundable credits.
2. You expect your withholding and refundable credits
to be less than the smaller of:
a. 90% of the tax to be shown on your 2013 tax return,
or
b. 100% of the tax shown on your 2012 tax return.
Your 2012 tax return must cover all 12 months.

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post #10 of 15 Old Apr 5th, 2013, 11:55 am
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Re: Blankety blank *&%# government and taxes

Quote:
Originally Posted by gerhard
Be happy! When you have to pay money at filing time it means that you did better than estimated when you get a refund it means you gave the government an interest free loan. Just remember that when compared to the rest of this world's population you are already in the fortunate 2% just by being born in the western world, healthy and hopefully of sound mind

Gerhard

P.S. the bar is not set very high to join those on welfare, I don't think their funding will buy many steaks, motorcycles etc.
Really? A bunch of BS from North of the Border.

Dhogey u are lucky, you didn't work or build that!

& Hogey , dude, you could have earned .2% in your savings account.

As far as the Canadian Healthcare goes, it is a shitshow & totally corrupt. Canadians come to the US (I personally know numerous 1st hand) for care. You can get treated immediately if you pay out your ass privately, basically bribe the healthcare provider if your affluent enough so you are not stuck on the waiting list with all the other socialists!

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Last edited by Atomicman; Apr 5th, 2013 at 12:08 pm.
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post #11 of 15 Old Apr 5th, 2013, 12:00 pm
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Re: Blankety blank *&%# government and taxes

Just now waking up huh?

Just Go
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post #12 of 15 Old Apr 5th, 2013, 12:22 pm
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Re: Blankety blank *&%# government and taxes

Quote:
Originally Posted by Atomicman
Really? A bunch of BS from North of the Border.

Dhogey u are lucky, you didn't work or build that!

& Hogey , dude, you could have earned .2% in your savings account.

As far as the Canadian Healthcare goes, it is a shitshow & totally corrupt. Canadians come to the US (I personally know numerous 1st hand) for care. You can get treated immediately if you pay out your ass privately, basically bribe the healthcare provider if your affluent enough so you are not stuck on the waiting list with all the other socialists!
You must be right, I have no time have to check if the welfare cheque arrived.

Gerhard
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post #13 of 15 Old Apr 5th, 2013, 12:40 pm
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Re: Blankety blank *&%# government and taxes

Quote:
Originally Posted by Atomicman
You can get treated immediately if you pay out your ass privately, basically bribe the healthcare provider if your affluent enough
Funny, it works exactly the same here in the States.

Our health care is excellent. Our health insurance and payment systems, not so much . . .

Ken
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All lower 48 states plus Alaska on the K13GT in two weeks . . .

Some people see the gas tank as half empty. Some see it as half full. All I care is that I know where the next tankful is coming from...
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post #14 of 15 Old Apr 5th, 2013, 12:53 pm
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Re: Blankety blank *&%# government and taxes

Quote:
Originally Posted by meese
Funny, it works exactly the same here in the States.

Our health care is excellent. Our health insurance and payment systems, not so much . . .
I have never found that to be the case.

But get ready to pay out the kazoo for this miserable Obamacare sham, where 20-30 million folks will still be uninsured and folks are already losing their jobs and being cut to part-time because this absurd law.

CBO has already projected this joke to cost over double what the bloviator in chief sold to the American people and the taxation and fees are exorbitant.

Additionally, the basic premise of insurance does not work if you can buy after the house is on fire.

Young folks will pay the measly penalty and then sign up for HC after they have become sick.

In the states (Massachusetts for example) the idea that particpants will stop using the expensive emergency room has proven to be a total falsehood, because they only wnet to the E. Room when something occasionally. When they have inexpensive access to "Universal Care" the utilization goes thorugh the roof and cost many times more then the occasional E. Room visit!

And the exchanges are either not happening or being dramatically postponed.

Thanks Judge Roberts, this 2700 page clusterf _ _K IS A DISASTER THAT IS GOING TO BANKRUPT us. wAIT , WE ARE ALREADY BANKRUOPT AT 17 TRILLION IN DEBT.

ARE THE AMERICAN PEOPLE THAT IGNORANT??? Who voted for this moron?

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post #15 of 15 Old Apr 5th, 2013, 1:03 pm
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Re: Blankety blank *&%# government and taxes

I do believe we have officially entered Crapper Country.

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