Quote:
Originally Posted by stomachmonkey
I overpaid my ESTIMATED taxes by $10.00
They fined me $150.00 and credited me the $10.00 I overpaid.
WTF, I thought that's why they call them estimated.
So rather than raise a stink that could make things worse I paid it.
Two months later get two more fines, one for me and one for the wife, same issue, $150.00 each with a $10.00 credit for a balance due of $290.00
Again, figured $450.00 is cheap to keep them from wanting to look deeper so I paid the $290.00.
A month later I got a refund for $290.00.
I cashed it.
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Sounds very typical. The IRS is an absolute bureaucratic nightmare with the power to do anything they want, strike fear into anyone, and ultimately kill you if you don't pay up (why else would they have 5 million rounds of ammo ready to go ...). The withholding tax must be eliminated and EVERYONE should write a check each quarter,just like business owners. This is the only way the majority of citizens will comprehend the amount of tax they pay and rebel. Better yet, eliminate the IRS and replace it with a department that issues a simple Steve Forbes-like postcard flat tax.
