Quote:
Originally Posted by
monsterj
That's how the tax system works Druff. Have you never gotten a refund? Or, have you ever had to pay quarterly? It's like you haven't paid taxes in years or something...hmmm.
Refunds are not mandatory. You can elect for lesser withholdings to bring your refund down or make it nonexistent.
Quarterly estimated taxes are also not for overpaying by design. They are attempting to estimate what your income will be for that year, and then you pay quarterly based upon that, because otherwise self-employed individuals get away with delaying their tax payments for a full year.
There is no such thing in the US tax code which requires you to pay with the guarantee of a refund. If you owe to the IRS and they owe you back, you can always subtract one for the other.
Also, I'm totally shocked that monsterj the "conservative" is picking a petty point like this from my long, anti-UBI mesasge, and hasn't had one critical word about UBI itself.
Tell us more about your conservatism, monsterj.