Comments on: This Year I Owe Even More

By: How I Save Money Visits: 10 Jan 09 | How I Save Money.net

How I Save Money Visits: 10 Jan 09 | How I Save Money.net — Sat, 10 Jan 2009 12:09:42 +0000

[...] “This Year I Owe Even More” at Debt Reduction Formula. Ryan owes the government. Ouch! [...]

By: Ryan Healy

Ryan Healy — Fri, 09 Jan 2009 18:22:39 +0000

Yep, because I run a business AND I only pay taxes once a year. Employed people pay taxes every paycheck. Big difference.

I’m convinced there’d be a revolution in the U.S. if every citizen had to write a big fat check to the IRS a couple times a year. Most people truly don’t realize how much the government takes.

Also, it would probably be better to put my money in an ING account. Good reminder.

Ryan

By: lulugal11

lulugal11 — Thu, 08 Jan 2009 15:40:36 +0000

Wow that is still a lot of money to be owing the government.

I guess it is different because you run a business (I just read the original posts) so I guess you need to really overestimate the taxes and put that in your ING account.

By: Ryan Healy

Ryan Healy — Thu, 08 Jan 2009 13:55:26 +0000

@Bill – True. Plus, knowing that you have money in the bank in case of an emergency is worth something, too.

By: EasyLearnStockMarket

EasyLearnStockMarket — Thu, 08 Jan 2009 00:48:56 +0000

Hey, at least you had the money in your hands earning interest instead of in their hands…mmm maybe I’ll just end the rant here. I’m glad you didn’t have to stress too bad.

-Bill