Tax question

Mike · 01-20-2010, 10:06 AM

And, you guys are looking at it the wrong way, its not how much you owe at the end of the year or how much you get back, its the total that you pay. This withholding and refund business is BS. Everyone should have to pay quarterly and not have it withheld so you can see what you really are paying in taxes.

I got a state refund of 1287 state and 5622 federal last year, but I actually paid 7501 to the state and 25236 to the feds, so those refund amounts dont really mean squat, other than I paid too much in my quarterlies for my small business and withholding from my main job.

01-20-2010, 10:06 AM	#16 (permalink)
Mike The370Z.com Sponsor Join Date: Jun 2009 Location: Loganville, GA Posts: 5,944 Drives: 370z Rep Power: 2186	And, you guys are looking at it the wrong way, its not how much you owe at the end of the year or how much you get back, its the total that you pay. This withholding and refund business is BS. Everyone should have to pay quarterly and not have it withheld so you can see what you really are paying in taxes. I got a state refund of 1287 state and 5622 federal last year, but I actually paid 7501 to the state and 25236 to the feds, so those refund amounts dont really mean squat, other than I paid too much in my quarterlies for my small business and withholding from my main job. __________________ NISSAN: 75 280Z / 86 300ZX GLL /87 Sentra SE / 03 350Z / 23 Z Porsche: 93 968 / 23 Macan GTS / 93 968