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steeledge

12/16/09 12:32 PM

#17086 RE: researcher59 #17083

r59/drex - fortunately I know you guys know what you're doing, but in my experience, almost EVERY decision i have made that was influenced by taxes turned out poorly. Nowadays, I just buy and sell without regard to the taxes because then I know i'm making clear-headed decisions based on the stock/market, not on uncle sam. But like I said, you guys are among the best, so kudos.
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Drexion2004

12/16/09 12:38 PM

#17092 RE: researcher59 #17083

Certainly I make 'estimated payments' but my estimates are often 'off' and seem to somehow be weighted heavily towards the end of the year.

Silly me, bad at math I guess =P.

I simply utilize this suggestion "If you expect your income to increase or to decrease significantly, you may want to calculate your estimated taxes using your projected total income.".

I guess i'm a pessimist, I always expect the rest of the year to go really badly and my projected total income tends to be lower than it actually is by the end of the year...Happens every year ;).

-Fernando