The IRS
The IRS
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Senior User
Joined: Sep 2003
Posts: 329
Likes: 1
From: Virginia
Oh No... Definately not a news flash... I was just wondering if anyone had a surprise they weren't expecting... 2002 my wife and I got stuck owing another 2k more than we had paid. 2003 was a better year for us thank goodness.
Posting Guru
Joined: Jun 2002
Posts: 2,375
Likes: 1
From: inver grove heights MN
pretty much everything i buy or spend money on, or own, is a tax write off. so i cant complain about income taxes.
BUT, i have to charge my customers SALES TAX, which i then have to keep until the end of the year. it sucks cause you feel like you have that extra couple thousand dollars, but in reality... its not yours to begin with. worst part is, for the sales tax theres so many issues that you do or dont have to charge for, no one even knows what they have to charge for. i asked the tax guy and he couldnt even give me a straight answer
BUT, i have to charge my customers SALES TAX, which i then have to keep until the end of the year. it sucks cause you feel like you have that extra couple thousand dollars, but in reality... its not yours to begin with. worst part is, for the sales tax theres so many issues that you do or dont have to charge for, no one even knows what they have to charge for. i asked the tax guy and he couldnt even give me a straight answer
Cargo Master
Joined: Sep 2003
Posts: 2,543
Likes: 2
From: Georgia
Originally posted by BuiltToughF250
BUT, i have to charge my customers SALES TAX, which i then have to keep until the end of the year. it sucks cause you feel like you have that extra couple thousand dollars, but in reality... its not yours to begin with.
BUT, i have to charge my customers SALES TAX, which i then have to keep until the end of the year. it sucks cause you feel like you have that extra couple thousand dollars, but in reality... its not yours to begin with.
The interest earned will be yours also, It may not seem like much but in the long run it could add up to a new shiny penny or a quarter.
You don't pay your sale tax quarterly? I'm not sure about MN laws, but when I had my shop in NC we had to pay it quarterly or were fined.
Senior User
Joined: Jan 2004
Posts: 167
Likes: 0
From: western ky
well first off, the IRS only collects the taxes, they dont set them. but the main point is, this country went quite a long time without income tax, it was created as a temporary measure for the war effort. Kinda like the bridge tolls in the northeast that were only going to be there until they paid off the construction bill?
the boston tea party was over a %3 tax on tea -- now most people pay nearly %40 of their income in taxes. Wake up America!
the boston tea party was over a %3 tax on tea -- now most people pay nearly %40 of their income in taxes. Wake up America!
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Cargo Master
Joined: Sep 2003
Posts: 2,543
Likes: 2
From: Georgia
Justdan is correct.
Although when I tell people that taxes are actually illegal I get laughed at.
Although when I tell people that taxes are actually illegal I get laughed at.
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