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Now you can make a donation to help pay off the national debt; they make it really simple
Topic Started: Apr 26 2010, 07:06 AM (829 Views)
Horace
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HOLY CARP!!!
Thanks for the info, FR.

I've been wondering why the government encourages "quarterly estimated taxes" if there aren't necessarily "quarterly tax deadlines". It seems the only real deadline for paying income tax is the end of the year (as opposed to april 15 of the following year which is the due date for tax paperwork rather than taxes) but I'm still not 100% clear on that.
As a good person, I implore you to do as I, a good person, do. Be good. Do NOT be bad. If you see bad, end bad. End it in yourself, and end it in others. By any means necessary, the good must conquer the bad. Good people know this. Do you know this? Are you good?
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Kincaid
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HOLY CARP!!!
Steve Miller
Apr 26 2010, 07:43 AM
This is the oddest board.

So many here are just recently obsessed with the deficit, having ignored it for some 10 years prior, and now when offered a way to help do something about it they make jokes.

Puzzling.



I was always obsessed with the deficit, I just didn't think that with Iraq and Afghanistan going on that much could be done about it. I thought I saw once that other than Military spending and entitlements (and remember, Bush tried to do something about Social Security) the Federal gov't spent less during the Bush years than his predecessor. Anyways, after the initial hits after the .com bubble and 9/11, wasn't the deficit shrinking remarkably well until the last eighth of Bush's presidency?

Really, Mark has it right IMO. Gov't needs to be slashed. Imagine if the gov't only had the programs they had back in 1954. I bet we'd be quickly out of debt. Once we did that, we could revisit the "1954-style" expenditures and see where we should shrink it even more.
Kincaid - disgusted Republican Partisan since 2006.
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Axtremus
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HOLY CARP!!!
Horace
Apr 26 2010, 10:07 PM
Thanks for the info, FR.

I've been wondering why the government encourages "quarterly estimated taxes" if there aren't necessarily "quarterly tax deadlines". It seems the only real deadline for paying income tax is the end of the year (as opposed to april 15 of the following year which is the due date for tax paperwork rather than taxes) but I'm still not 100% clear on that.
No ... there really are 4 quarterly deadlines, and penalty can be assessed against you if you pay enough by each deadline. The penalty can be a big deal if you have a big tax bill to begin with; not so much (may even be non-existent) if your tax bill is small enough.

Nobody is "100% clear" on this stuff, unfortunately. Just do the four equal payments by their respective deadlines and hope for the best, I suppose.
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