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2020 Presidental Election
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(01-01-2021, 12:33 PM)mal234 Wrote: Going back to comments about the stimulus, the second stimulus came for a lot of people today. The first one I invested some of it in the stock market (along with money from paychecks, tax refunds) and was able to generate some extra money. This one I might save or use to pay the IRS, because I believe I will owe them this year, lol. I usually don't get a really big refund, but largely because of the money I made through investments this year, it looks like I will owe the IRS something. I also got a new job which boosted my income from last year, though I also try to make sure I have enough money taken out of my check for federal and state to prevent owing the IRS. I don't want to owe anyone if I can help it. But I don't actually mind owing if it's due to something like investment income and/or having a big increase in income. Rule of thumb, if you don't owe the IRS money, you are doing it wrong. The uninformed (usually Democrat) tax payer doesn't understand why they get a big fat check back from Uncle Sam. The celebration of getting your own money back is sad. |
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