jaymac
04-18-2009, 03:41 PM
Just a rant...
I paid all my quarterly taxes this year (independent contractor), wrote off $22 grand in business deductions, and I STILL owed $5500!!!
Unbeknownst to me, I had moved up a tax bracket over the course of last year, and I should've been paying an additional 5% of my income all year, hence the $5500 bill!!
Sucks! There goes the cash I had sitting around for my turbos, Einachs, Koni's, and wheels!!!
[headbang]
Oh well...
I paid all my quarterly taxes this year (independent contractor), wrote off $22 grand in business deductions, and I STILL owed $5500!!!
Unbeknownst to me, I had moved up a tax bracket over the course of last year, and I should've been paying an additional 5% of my income all year, hence the $5500 bill!!
Sucks! There goes the cash I had sitting around for my turbos, Einachs, Koni's, and wheels!!!
[headbang]
Oh well...