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Re: bobwill9 post# 115081

Thursday, 01/03/2008 8:55:22 PM

Thursday, January 03, 2008 8:55:22 PM

Post# of 361303
If You Owe Too Much At The End Of The Year (I Think It's More Than 10% Of Your Total Tax) You Will Be Penalized, Unless Withholding Equals At Least As Much As Your Previous Years Tax.
Businesses have to pay Quarterly/Monthly taxes cause Uncle Sam does not wish to wait until April of the next year to get payed.
Uncle Sam wants to WITHHOLD YOUR money. He doesn't like you WITHHOLDING HIS.