RockStarKevin

TaxWeek: number

Do you know the dollar amount you paid in Federal and/or State taxes for 2007?

Posted on April 17th, 2008 under QC7 • RSS 2.0 feed • You can skip to the end and leave a response. Pinging is currently not allowed

7 Responses to “TaxWeek: number”

1
rockstar:
April 15th, 2008 at 9:42 am
and if you say, “I didn’t pay taxes; I got money back!”, you lose.
2
jedidiah:
April 17th, 2008 at 8:59 am
And if you thought your were going to end up only paying $60 and you actually had to pay $832, you also lose.
3
rockstark:
April 17th, 2008 at 9:06 am
but the more you pay in right at the deadline without penalty, then the more of a winner you are. it means you didn’t give the gov’t a bigger interest free loan.

and it’s not the number that you pay on April 15th, but the number that you paid for the whole year.
I’m not asking that anyone share what that number is; I just want people to know for themselves what that number is.
4
jedidiah:
April 17th, 2008 at 10:42 am
My point is that for some people it is worth it to give the government an interest free loan in exchange to not having to worry about being hit with an unexpected payment come April 15.

How much money is ease of mind worth?
5
rockstar:
April 17th, 2008 at 10:46 am
True, peace of mind is worth a lot…
now just imagine the peace of mind that you could have if 4/15 was just another ordinary day?
6
Peter:
April 17th, 2008 at 3:05 pm
I know what the taxes that I have paid every year (it is nicely presented on the tax form).

As a bonus, I also know the amount that my sister receives in federal Medicaid and state help. Which allows her to live in a home that provides for her physical and emotional needs without overburdening my parents with a debt they could not afford.

I know the amount that my wife’s grandmother and many of my uncles, aunts, and other family receive from Medicare and Social Security that make it possible for them to have food and a place to live. And I know that my taxes help to make those benefits possible.

While I am not sure of the exact amounts, I also know that my taxes support the police who patrol my neighborhood and the courts that decide the guilt and innocent of those accused.

I also know that the money I give support and protection to my neighbors, fellow church-goers, and others who are currently defending our country.

I know that there are many things that I would prefer that my taxes not be used for and some things that no taxes should ever be used for. But my point is that there are MANY things that I am happy to pay for that benefit me, my friends and family, and even those I don’t know.

I am also willing to support tax reform (we certainly need it) and I am even willing to support drastic tax reform such as a flat tax or a fair tax. And I know that our tax policy is a limited pie that must be shared for many worthy projects and sometimes the needs of those that I care for must be sacrificed for other worthy goals. My main question though for any of these changes/reforms will be “How does it affect those that I care for (whether I know them or not)?”
7
rockstar:
April 17th, 2008 at 3:14 pm
Peter, I’m glad you know the number. And it does go for great stuff.
I’ve had a few people tell me “I did pay, I got money back.” And that too me isn’t right. People should know where their money goes.
I know I can sometimes come across as being “anti-gov’t” or “anti-tax,” but I’m not really. I’m all for being more efficient and preventing as much gov’t waste as possible.
And I think your closing question is a good one to always ask.