General Discussion
In reply to the discussion: Fellow childfree folks, how much did you love writing the check out to the IRS after hearing all the [View all]Xyzse
(8,217 posts)It is really dependent on a few things regarding your employment.
If:
A - You are self-employed - Congrats you will more likely than not, always write a check unless you find enough on your operating costs to defray that.
B - You are an employee - If so, you fall under a few categories:
1 - You've set your withholding too low that you will pay taxes.
2 - You've set your withholding lower but have a business on the side that you can use to justify operating costs which then would either make you pay taxes or not.
3 - You've set your withholding high enough that you will always get a refund
I fall under the B2 category. In many ways, I want the Bush tax cuts to expire by the end of the year. That way, the conversation shifts to creating a tax cut rather than raising taxes.