Tax Man gets stiffed!!!

[The Happy Mug]

No! My taxes still aren't done!

 

[MrBulldogg]

Did you know they passed out concert tickets at work last year, and they showed up as taxable income??? Bastages.

You know, I may actually be able to top that. Back in school I was cold-calling people to pitch property insurance over the phone as a part-time source of extra $$$. Terrible job, but then xmas came around and we were all looking forward to some kind of holiday bonus.

I got: a pair of Mickey Mouse socks. I'm not kidding. And morale soared even higher when I got my next paycheck: "socks - $5 deduction". AND ... Of course, minus TAXES to cover what I owed for those friggin' $5 Mickey Mouse socks. I kept the paystub as a fond memory of how motivating these small little gestures of generousity really can be...

 

[Baron von BeeGee]

I think I might have the record for Money Owed.

I owe the feds about $2300.
I owe the state of NC about $3200.
I get a whopping $300 refunded from the state of CA.

I hope to win all of this back in Vegas this weekend.

WTF did you do? Claim 12 deduction on your W-4?

 

[Beermaker]

Mywife ended up getting us over 10k back.....new brew gear....

 

[Pumbaa]

Man, I feel sorry for all you in the US! It would tweak my swede if I had to do all that form-filling every year. Thank the Houses of Parliament for Pay As You Earn...did I really say that!!

Oh, we have to pay as we earn (most of us anyway)...then we have to fill out tons of paperwork to prove that we paid enough! Kind of the worst of both worlds.

I wish we didnt do pay as you earn just so the pain of writting out a $10k check every year would piss more people off, said pissed off people wold raise a stink and maybe the feds would get thier spending under control.

(I'm always looking for a good rebelion to participate in)

 

[Baron von BeeGee]

In the grand scheme of things I'm okay with the rate of taxation here in the US (especially compared to more socialist countries), and I'm pretty much responsible and independent enough to provide certain services for myself instead of the gov't while pocketing a good bit of change they would have wasted on inefficiencies. What really bothers me is the tax code itself...is there any one person that actually understands the whole thing? We have dozens of volumes of taxcode that could probably be condensed into 4-5 manuals. Just do it.

 

[Walker]

WTF did you do? Claim 12 deduction on your W-4?

Nope. I sold some stock. Quite a bit of stock. Ok, I sold a SH1TTON of stock for an obscene profit.

I thought I was being slick and made an estimated payment to the feds. Problem solved, right?

Well, (1) I forgot to send an estimated payment to the state of NC and (2) I neglected to note that the profit from the stock pushed me into a higher tax bracket, so the estimated payment that I did make was too small.

I totally railroaded myself. SWMBO will never let me forget it, too.

-walker