Pre paying taxes and getting a refund?

[imanamerican63]

I never got a refund whenever I was on a tax form 1099! I usually had to still pay more taxes at the end of year? Trump made a hell of a lot more money than I ever thought of making!

[Beartracks]

1. "I paid very little taxes because I'm smart." vs "I pre-paid tens of millions in taxes."

Uh. .. So does that make him really dumb?



========

[Indykatie]

6. Trump's Pre-Paid Millions in Taxes Line is a Bunch of Bull Sh*t Like Everything Else He Says n/t

[marybourg]

2. The total amount of tax you owe for the year,

and the amount you may still owe after paying estimated tax (pre-paying) appear on different lines of the form and are easily discernible to anyone looking at the return, certainly including the NYT’s tax reporter.

[imanamerican63]

4. Exactly!

[NoRoadUntravelled]

3. What kind of savvy business person gives the IRS free use of their money for years

and then borrows $400Million and pays interest on it?

[Blue_true]

5. Businesses normally pay quarterly taxes.

That is pre-paying annual taxes because by the time the year ends, a company or sole proprietor has paid three tax payments.

Where the lie likely comes in for Trump is, given his stated views on paying taxes, he likely would have been very unlikely to have overpaid in one of the three early quarters of the year. I believe that he lied to cover up the fact that he paid infinitely more taxes to China than he paid in the USA during 13-15 ($800,000+ versus $0).

I honestly don’t see how people whose salaries depend upon public taxes (police officers, firefighters, EMTs, Teachers) can possibly vote for Trump.

[marybourg]

8. As do individuals whose tax liability is not covered by withholding.

[Blue_true]

9. Yes. Lots of people fall into the class of taxpayer that I mentioned.

[marlakay]

12. I have to do that in Oregon

Because our retirement income is from another state. After 3 years of doing taxes last 2 times I am within $100 of what I estimated.

But when asked what did you pay its not $50 its thousands that I pay every 3 months.

So I sincerely hope when they say Trump pays nothing they are including the total amount or its not true.

[geardaddy]

7. There were times when I was a 1099 contractor

that I overpaid my estimates and I did get a refund, but that was when I was getting a good rate.
Other times, I was eking by and paid the bare minimum.
45 doesn't understand what it takes to be an independent contractor working for your to make your family make ends meet.

[Blue_true]

10. Donald Trump has lived on bluster, loans, and ripping off people that can't fight him. nt

[unitedwethrive]

11. IF he did pay estimated taxes, IT WOULD STILL SHOW UP ON HIS TAX RETURN!!

Does he think we are stupid? The amount of taxes you owe doesn't change based on when it is paid.