Taxes
Finished up my taxes today. Owe some money to the feds but that is covered by the money I’m getting back from Georgia. Since I’m a SRF and have investment income, I have to pay estimated taxes every quarter. Yannow, the one thing that would make people rise up in arms is the abolishing of withholding. Then people would actually see how much they are paying in taxes. Ask one of your friends or coworkers how much they’ve paid in taxes. Here is the number one answer: “I didn’t pay anything. I got money back.”
Those of us who have investment income, or those of us who are self-employed (They really get screwed since they have to pay twice as much FICA as people who have jobs) know what we pay since every quarter we have to send a check to the gummint. Then, if we don’t send enough money besides having to send additional money on April 15th, we have to pay a fine if our estimated taxes are too low. Withholding is the second biggest scam run by the gummint. The first? Social Security, but that’s a topic for another day.
By the way, now that I’m collecting Social Security and I am on Medicare, I think the FICA taxes should be raised. BWAHAHAHAHAHAHA!
