tag:blogger.com,1999:blog-32639162.post240105600661366436..comments2023-12-07T01:00:56.264-05:00Comments on My Wealth Builder: I Want To Owe TaxesSuper Saverhttp://www.blogger.com/profile/11172939501208456194noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-32639162.post-14244935210524081432008-03-01T19:09:00.000-05:002008-03-01T19:09:00.000-05:00Need some explanation!I owe $12,000 to Federal and...Need some explanation!<BR/><BR/>I owe $12,000 to Federal and State this year. WHY? I know - woe is me - I made $100M more over last year, but shouldn't the appropriate amount of tax be taken out of my pay?<BR/><BR/>Does anyone have an explanation?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32639162.post-89754786516874001002008-02-10T10:44:00.000-05:002008-02-10T10:44:00.000-05:00I'm glad to see someone has FINALLY figured this o...I'm glad to see someone has FINALLY figured this out!<BR/><BR/>Everyone I know keeps telling me I'm nuts for _wanting_ to owe money. Even most bloggers suggest aiming for a zero tax return.<BR/><BR/>This year, premliminary estimates have me owing around $4000. Yup, that's a LOT of money, but I meet both tests for no penalty/interest, so that extra $4000 has been sitting in my ING account earning interest over the last year.<BR/><BR/>I will gladly take that option over anything else!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32639162.post-7397366500304691652008-02-10T07:59:00.000-05:002008-02-10T07:59:00.000-05:00I know what you mean, I prefer to owe them myself ...I know what you mean, I prefer to owe them myself too. I've been trying to get less and less back, this past year I had 9 exemptions with my employer, yet I'm still getting all but $30 back from taxes.Sick of Debthttps://www.blogger.com/profile/08823916489556418817noreply@blogger.comtag:blogger.com,1999:blog-32639162.post-36185339492048782492008-02-09T23:56:00.000-05:002008-02-09T23:56:00.000-05:00I should talk to my accountant about #2. For 2007,...I should talk to my accountant about #2. For 2007, we were told not to make any adjustments to our withholding in case there was no AMT relief. Now that AMT relief has been passed, I'm hoping for a significant refund. But I'd rather not go through the same thing this year, having tax taken out that might well prove to be "extra."Chief Family Officerhttps://www.blogger.com/profile/02320154821990804327noreply@blogger.com