Tax Time Is Over...Ugh!!!!

[DJ Gray]

I have been off the board awhile until today. I had to write the big check for taxes. I "foam at the month" for a few days, each year I try to equate the amount paid versus services received.......and each year it gets more and more unbalanced....

Do you ever feel that you have "taxation without representation"? Isn't that what caused the Revolutionary war back when...?

Question....... Do you feel your interests are represented when it comes to taxes? Remember You work for Uncle Sam until the end of April. After the first of May you work for yourself....(If you are in a 30-40% tax bracket). Uncle Sam thanks you..............

 

[Precisionpower]

I bought a ton of stuff this year for my sound rig, and stuff for the dj rig.

So i payed in NOTHING!

Thanks clever tax man!

 

[DJ Freddy]

I purchased a lot of gear also and did not have to pay anything.

 

[DJ Puma]

.

It was my first year in business and with my other fulltime job I actually received a refund for the first time is many many years. I got $2600

-Puma-

.

 

[DJMC]

My wife cashed in some stock options, they withheld 40% of her distribution, which meant my quarterly estimates were way too high, and we ended up with a small refund.....

 

[Guest]

My wife cashed in some stock options, they withheld 40% of her distribution, which meant my quarterly estimates were way too high, and we ended up with a small refund.....

The IRS does not look kindly on people who have a high overage on their estimates. You may be getting a little letter in the mail soon wanting an explination.

 

[SoftJock Rick]

Because of global warming, there was less food for the corporate trademark (goats), so we had to buy more food, which is a direct write off

Heck, they even sent a few bucks back.

It pays to hire a good accountant and lawyers

 

[DJMC]

The IRS does not look kindly on people who have a high overage on their estimates. You may be getting a little letter in the mail soon wanting an explination.

I guess "way over" was $800 per quarter, instead of $500 per quarter.

You are right though......it looks suspicious if your refund is over $2,000 (ours was much much less than $2k)

and since I don't take Home Office deduction, chances are they will leave us alone.

 

[DJ Gray]

Well.....I guess most of you got money back.......must be nice.....Since all of mine is IRA money it's 100% taxable............The Question was ....Do you feel you are getting fair representation when it comes to Uncle Sam spending your money?

 

[SoftJock Rick]

Do you feel you are getting fair representation when it comes to Uncle Sam spending your money?

No, not currently. I could think of better things my money could be going for, than an un-winnable war for oil, that we don't really need.

Uncle Sam shouldn't even be spending my money, the states should, and only for purposes that benefit the whole state, and not the select few.

 

[Guest]

Aha, a fellow State's Rights believer. Remember, "The South Was Right" (that's a book title folks).

 

[DJMC]

....Do you feel you are getting fair representation when it comes to Uncle Sam spending your money?

NO......but then again we could be living in India, China, or some other goddawful place where the air and water is polluted and the average wage is $2 per day.

I'm happy that we live in the best country on earth....well maybe Iceland is better but its a LOT colder there...LOL

 

[DJ Gray]

Because of global warming, there was less food for the corporate trademark (goats), so we had to buy more food, which is a direct write off

Heck, they even sent a few bucks back.

It pays to hire a good accountant and lawyers

I have had the same accountant for 20 Years, He is ready to retire and join the like's of me, were a couple of old farts......

He took me unscathed thru two IRS audits....good man. So it's not the accountant.........it's the penalty you pay in this country for success.....I guess ??

 

[John Allo]

Do you feel you are getting fair representation when it comes to Uncle Sam spending your money?

You tell me. I am a Conservative in a state where the Senators are Ted Kennedy and John Kerry, one of the state reps is Barney Frank, others include John Olver, Bill Delahunt, Jim McGovern and Ed Markey, all of whom want the tax cuts repealed because they only "benefitted the rich."

Look at me, I'm rich! :sqerr: