Home › Forums › Financial Markets/Economics › Where is the outrage?
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April 16, 2009 at 3:46 PM #382825April 17, 2009 at 12:50 AM #382479partypupParticipant
[quote=Rt.66]So am I the only one horribly shocked at the outcome of doing their taxes?
I owed when I thought I’d get money back, that is a shitty feeling. What makes it unbearable is that, at the point when you have to write that check to Uncle Bailout, it really feels as though you might as well send it straight to Goldman Sachs or AIG and just cut out the formalities of the middle man.
Yep, across the country yesterday we simple folks wrote checks that will help pay for billion dollar bailouts of insolvent banks who in turn are using that money to enrich themselves with multi-million dollar bonuses.
That’s not news really, but writing that check made it seem all the more frustrating, evil and downright unfair. That check made me feel like a victim in this robbery on a personal level.
[/quote]
I always owe the IRS (why give them an interest-free loan when I can keep the money and make it work for me?). I always get on an installment plan. I never pay them in full until 12 months have passed. The interest rate is reasonable, and the payments are manageable.
Anyone who hands over full payment to the Fed/IRS is crazy – especially in these times. I’ve sold my house – I’m completely liquid. I’ll continue to pay as long as I have a job. And when that ends, so will the payments to the Man. Good luck finding me, and good lucking squeezing another dime out of me.
There’s a tax revolt brewing. By 2011, I’d be surprised if half the country is paying taxes.
April 17, 2009 at 12:50 AM #382748partypupParticipant[quote=Rt.66]So am I the only one horribly shocked at the outcome of doing their taxes?
I owed when I thought I’d get money back, that is a shitty feeling. What makes it unbearable is that, at the point when you have to write that check to Uncle Bailout, it really feels as though you might as well send it straight to Goldman Sachs or AIG and just cut out the formalities of the middle man.
Yep, across the country yesterday we simple folks wrote checks that will help pay for billion dollar bailouts of insolvent banks who in turn are using that money to enrich themselves with multi-million dollar bonuses.
That’s not news really, but writing that check made it seem all the more frustrating, evil and downright unfair. That check made me feel like a victim in this robbery on a personal level.
[/quote]
I always owe the IRS (why give them an interest-free loan when I can keep the money and make it work for me?). I always get on an installment plan. I never pay them in full until 12 months have passed. The interest rate is reasonable, and the payments are manageable.
Anyone who hands over full payment to the Fed/IRS is crazy – especially in these times. I’ve sold my house – I’m completely liquid. I’ll continue to pay as long as I have a job. And when that ends, so will the payments to the Man. Good luck finding me, and good lucking squeezing another dime out of me.
There’s a tax revolt brewing. By 2011, I’d be surprised if half the country is paying taxes.
April 17, 2009 at 12:50 AM #382940partypupParticipant[quote=Rt.66]So am I the only one horribly shocked at the outcome of doing their taxes?
I owed when I thought I’d get money back, that is a shitty feeling. What makes it unbearable is that, at the point when you have to write that check to Uncle Bailout, it really feels as though you might as well send it straight to Goldman Sachs or AIG and just cut out the formalities of the middle man.
Yep, across the country yesterday we simple folks wrote checks that will help pay for billion dollar bailouts of insolvent banks who in turn are using that money to enrich themselves with multi-million dollar bonuses.
That’s not news really, but writing that check made it seem all the more frustrating, evil and downright unfair. That check made me feel like a victim in this robbery on a personal level.
[/quote]
I always owe the IRS (why give them an interest-free loan when I can keep the money and make it work for me?). I always get on an installment plan. I never pay them in full until 12 months have passed. The interest rate is reasonable, and the payments are manageable.
Anyone who hands over full payment to the Fed/IRS is crazy – especially in these times. I’ve sold my house – I’m completely liquid. I’ll continue to pay as long as I have a job. And when that ends, so will the payments to the Man. Good luck finding me, and good lucking squeezing another dime out of me.
There’s a tax revolt brewing. By 2011, I’d be surprised if half the country is paying taxes.
April 17, 2009 at 12:50 AM #382987partypupParticipant[quote=Rt.66]So am I the only one horribly shocked at the outcome of doing their taxes?
I owed when I thought I’d get money back, that is a shitty feeling. What makes it unbearable is that, at the point when you have to write that check to Uncle Bailout, it really feels as though you might as well send it straight to Goldman Sachs or AIG and just cut out the formalities of the middle man.
Yep, across the country yesterday we simple folks wrote checks that will help pay for billion dollar bailouts of insolvent banks who in turn are using that money to enrich themselves with multi-million dollar bonuses.
That’s not news really, but writing that check made it seem all the more frustrating, evil and downright unfair. That check made me feel like a victim in this robbery on a personal level.
[/quote]
I always owe the IRS (why give them an interest-free loan when I can keep the money and make it work for me?). I always get on an installment plan. I never pay them in full until 12 months have passed. The interest rate is reasonable, and the payments are manageable.
Anyone who hands over full payment to the Fed/IRS is crazy – especially in these times. I’ve sold my house – I’m completely liquid. I’ll continue to pay as long as I have a job. And when that ends, so will the payments to the Man. Good luck finding me, and good lucking squeezing another dime out of me.
There’s a tax revolt brewing. By 2011, I’d be surprised if half the country is paying taxes.
April 17, 2009 at 12:50 AM #383119partypupParticipant[quote=Rt.66]So am I the only one horribly shocked at the outcome of doing their taxes?
I owed when I thought I’d get money back, that is a shitty feeling. What makes it unbearable is that, at the point when you have to write that check to Uncle Bailout, it really feels as though you might as well send it straight to Goldman Sachs or AIG and just cut out the formalities of the middle man.
Yep, across the country yesterday we simple folks wrote checks that will help pay for billion dollar bailouts of insolvent banks who in turn are using that money to enrich themselves with multi-million dollar bonuses.
That’s not news really, but writing that check made it seem all the more frustrating, evil and downright unfair. That check made me feel like a victim in this robbery on a personal level.
[/quote]
I always owe the IRS (why give them an interest-free loan when I can keep the money and make it work for me?). I always get on an installment plan. I never pay them in full until 12 months have passed. The interest rate is reasonable, and the payments are manageable.
Anyone who hands over full payment to the Fed/IRS is crazy – especially in these times. I’ve sold my house – I’m completely liquid. I’ll continue to pay as long as I have a job. And when that ends, so will the payments to the Man. Good luck finding me, and good lucking squeezing another dime out of me.
There’s a tax revolt brewing. By 2011, I’d be surprised if half the country is paying taxes.
April 17, 2009 at 6:56 AM #382544AnonymousGuestHere’s some data for the discussion, in the form of a pretty picture.
So we all want to lower taxes? That means we need to lower spending…but by how much?
The “outrage” will fizzle unless there is some consensus upon what specifically should be cut from the budget.
If we want to make any meaningful reductions in spending (at least 15% to eliminate the annual deficit) there needs to be some substantial cuts — somewhere between $150-$200 billion.
So what needs to go?
(And don’t just say “pork”, — any meaningful answer must be specific and must sum to at least $200 billion)
April 17, 2009 at 6:56 AM #382813AnonymousGuestHere’s some data for the discussion, in the form of a pretty picture.
So we all want to lower taxes? That means we need to lower spending…but by how much?
The “outrage” will fizzle unless there is some consensus upon what specifically should be cut from the budget.
If we want to make any meaningful reductions in spending (at least 15% to eliminate the annual deficit) there needs to be some substantial cuts — somewhere between $150-$200 billion.
So what needs to go?
(And don’t just say “pork”, — any meaningful answer must be specific and must sum to at least $200 billion)
April 17, 2009 at 6:56 AM #383005AnonymousGuestHere’s some data for the discussion, in the form of a pretty picture.
So we all want to lower taxes? That means we need to lower spending…but by how much?
The “outrage” will fizzle unless there is some consensus upon what specifically should be cut from the budget.
If we want to make any meaningful reductions in spending (at least 15% to eliminate the annual deficit) there needs to be some substantial cuts — somewhere between $150-$200 billion.
So what needs to go?
(And don’t just say “pork”, — any meaningful answer must be specific and must sum to at least $200 billion)
April 17, 2009 at 6:56 AM #383052AnonymousGuestHere’s some data for the discussion, in the form of a pretty picture.
So we all want to lower taxes? That means we need to lower spending…but by how much?
The “outrage” will fizzle unless there is some consensus upon what specifically should be cut from the budget.
If we want to make any meaningful reductions in spending (at least 15% to eliminate the annual deficit) there needs to be some substantial cuts — somewhere between $150-$200 billion.
So what needs to go?
(And don’t just say “pork”, — any meaningful answer must be specific and must sum to at least $200 billion)
April 17, 2009 at 6:56 AM #383182AnonymousGuestHere’s some data for the discussion, in the form of a pretty picture.
So we all want to lower taxes? That means we need to lower spending…but by how much?
The “outrage” will fizzle unless there is some consensus upon what specifically should be cut from the budget.
If we want to make any meaningful reductions in spending (at least 15% to eliminate the annual deficit) there needs to be some substantial cuts — somewhere between $150-$200 billion.
So what needs to go?
(And don’t just say “pork”, — any meaningful answer must be specific and must sum to at least $200 billion)
April 17, 2009 at 7:45 AM #382558meadandaleParticipant[quote=Rt.66]
That’s not news really, but writing that check made it seem all the more frustrating, evil and downright unfair. That check made me feel like a victim in this robbery on a personal level.[/quote]
Good. I’m glad you had to whip out your checkbook and see what it is like to write a check to the government. I’ve been writing five figure checks to the government for the past few years on tax day after sending in large checks every quarter.
I’ve long surmised that if more people had to actually site down and write a check to the government instead of having the taxes simply removed from their paychecks they’d finally realize just how much they paid in taxes and the outrage would be more palpable. You’ve proved my point.
April 17, 2009 at 7:45 AM #382828meadandaleParticipant[quote=Rt.66]
That’s not news really, but writing that check made it seem all the more frustrating, evil and downright unfair. That check made me feel like a victim in this robbery on a personal level.[/quote]
Good. I’m glad you had to whip out your checkbook and see what it is like to write a check to the government. I’ve been writing five figure checks to the government for the past few years on tax day after sending in large checks every quarter.
I’ve long surmised that if more people had to actually site down and write a check to the government instead of having the taxes simply removed from their paychecks they’d finally realize just how much they paid in taxes and the outrage would be more palpable. You’ve proved my point.
April 17, 2009 at 7:45 AM #383020meadandaleParticipant[quote=Rt.66]
That’s not news really, but writing that check made it seem all the more frustrating, evil and downright unfair. That check made me feel like a victim in this robbery on a personal level.[/quote]
Good. I’m glad you had to whip out your checkbook and see what it is like to write a check to the government. I’ve been writing five figure checks to the government for the past few years on tax day after sending in large checks every quarter.
I’ve long surmised that if more people had to actually site down and write a check to the government instead of having the taxes simply removed from their paychecks they’d finally realize just how much they paid in taxes and the outrage would be more palpable. You’ve proved my point.
April 17, 2009 at 7:45 AM #383067meadandaleParticipant[quote=Rt.66]
That’s not news really, but writing that check made it seem all the more frustrating, evil and downright unfair. That check made me feel like a victim in this robbery on a personal level.[/quote]
Good. I’m glad you had to whip out your checkbook and see what it is like to write a check to the government. I’ve been writing five figure checks to the government for the past few years on tax day after sending in large checks every quarter.
I’ve long surmised that if more people had to actually site down and write a check to the government instead of having the taxes simply removed from their paychecks they’d finally realize just how much they paid in taxes and the outrage would be more palpable. You’ve proved my point.
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