InvestorsHub Logo
Followers 23
Posts 2215
Boards Moderated 0
Alias Born 03/18/2013

Re: Dante Fantasia post# 150267

Wednesday, 10/17/2018 2:19:40 PM

Wednesday, October 17, 2018 2:19:40 PM

Post# of 426859
Yeah whatever..... Why spend money on an expensive CPA or Account Manager when you can do it yourself, by educating yourself. Too many times we rely upon others to make our decisions for us, when all it takes is a little homework and communication. Also, It's called the IRS. Frankly, the IRS should be abolished, I know put a label on me..... Case in point; You work for 50 years, the gubmint takes out Income Tax, FICA, god knows what else. Then when you're old enough to start taking your Social Security you're taxed again on top of the FICA you never gained one red cent of interest on. This is total BS

Then the Gubmint puts a limit on the amount of money you can salt away that is tax free. Then on top of that the gubmint taxes your retirement accounts when you want to withdraw the money.

What about this scenario; You pay income taxes on your paycheck, the gubmint holds those taxes until tax deadline, either April 15th or October 15th. of the previous year. So, by the time I file my taxes, the gubmint has your tax dollars for 12 - 18 months, which the gubmint is making interest on. If you pay your taxes late like I do in October, the gubmint makes you pay interest on any taxes owed. So, for example I paid in $18k in income taxes in 2017, I didn't file until October 15th (call me lazy), the gubmint will bill me for additional taxes owed plus any interest from April 15th. This is BS.

No wonder folks move out of country and drop their US citizenship.

I wonder if someone has tried to take the IRS to court over interest owed on their income taxes? Probably go over like a Turd in a punchbowl if brought before Congress.

Security? Military spending? Now you know why rich people move to the Caimans or Costa Rica.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent AMRN News