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Reply to "Taxes - big jump this year?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just sent off an unexpected 18K check to the IRS. Our landscaping will be not happen this year :([/quote] So high taxes can hurt jobs? Someone needs to bring this up to the powers that be. [/quote] No, because the landscaper will simply find a client who is better prepared and ha s refund to blow. All this and the other posts means is that there are some unprepared people out there. You should be preparing and saving from January for the highest/worst case scenario for taxes. You have a good idea of your income, your tax bracket, and the changes in the tax code at the beginning of every year. None of this should ever be that big a surprise for people at these income levels and for anyone with a modicum of common sense. [/quote] They keep changing stuff and it really makes it difficult for every day folks. Most of us have lives and a million other things to think about like how to feed your family or pay for childcare.[/quote] They don't change things mid year. We know at the beginning of every year, and these particular hikes were well-known. Anyone who didn't know had his buried deep in the sand. And the "We have lives" argument is bunk: we all have bills and responsibilities, taxes are no different. You have no excuse.[/quote] It's impossible to predict on January 1 how investments will perform during the year. Directly impacts tax liability. [/quote]
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