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  1. #21
    "Beef Bacon" Commie Grant H.'s Avatar
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    Haven't checked.

    Expecting to cut a 5 figure check, and the first digit isnt a 1, to the IRS.

    Hooray being a 1099 business owner...
    Living the fall of an empire sucks!
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  2. #22
    Paper Hunter
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    I made about 20K more this year than I did last year. I'm a 1099 who hasn't quite gotten around to quarterlies yet...but I still owe only $700 or so more than last year and got another 3-4K in deductions this year.

  3. #23
    QUITTER Irving's Avatar
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    Quote Originally Posted by Grant H. View Post
    Haven't checked.

    Expecting to cut a 5 figure check, and the first digit isnt a 1, to the IRS.

    Hooray being a 1099 business owner...
    Quote Originally Posted by esizer View Post
    I made about 20K more this year than I did last year. I'm a 1099 who hasn't quite gotten around to quarterlies yet...but I still owe only $700 or so more than last year and got another 3-4K in deductions this year.
    I'm in this camp.
    "There are no finger prints under water."

  4. #24
    Fleeing Idaho to get IKEA Bailey Guns's Avatar
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    Quote Originally Posted by Grant H. View Post
    Haven't checked.

    Expecting to cut a 5 figure check, and the first digit isnt a 1, to the IRS.

    Hooray being a 1099 business owner...
    Damn...suddenly I feel much better! Thanks!

    Stella - my best girl ever.
    11/04/1994 - 12/23/2010



    Don't wanna get shot by the police?
    "Stop Resisting Arrest!"


  5. #25
    Machine Gunner DenverGP's Avatar
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    A lot of people here are mentioning a smaller refund (or having to pay), but aren't mentioning if their total tax actually went up or down... this is the same thing the fake news is harping on.

    When the tax change went into effect, most peoples withholdings automatically dropped, so its no surprise that many people didn't get as much back. But I'd bet that for most, their total tax amount decreased.
    'Unless a law-abiding individual has a firearm for his or her own defense, the police typically arrive after it is too late. With rigor mortis setting in, they mark and bag the evidence, interview bystanders, and draw a chalk outline on the ground' - Judge Benitez , 2019, Duncan v. Becerra.

    'One of the ordinary modes by which Tyrants accomplish their purpose without resistance is by disarming the people and making it an offense to keep arms.' Supreme Court Justice Joseph Story, 1840.

  6. #26
    Machine Gunner Squeeze's Avatar
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    Yeah...according to my CPA, had my taxes been done under the old system, my refund would've been about double what I received back. Kinda pissed me off, but meh, it is what it is. Taxation is theft.
    The character of a man can be judged by how he treats those who can do nothing for him

  7. #27
    "Beef Bacon" Commie Grant H.'s Avatar
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    Quote Originally Posted by esizer View Post
    I made about 20K more this year than I did last year. I'm a 1099 who hasn't quite gotten around to quarterlies yet...but I still owe only $700 or so more than last year and got another 3-4K in deductions this year.
    Yeah, I've never bothered with quarterlies... I probably should, but I really hate doing taxes, so I do them once a year.

    Quote Originally Posted by Irving View Post
    I'm in this camp.
    It sucks, but I do like being a 1099 for a fair number of reasons.

    Buying tools and such with pre-tax money is one of the cool ones.

    Quote Originally Posted by Bailey Guns View Post
    Damn...suddenly I feel much better! Thanks!

    Lol. You're welcome.

    It sucks, but it's just part of the game.
    Living the fall of an empire sucks!
    For your convenience, a link to my Feedback

  8. #28
    "Beef Bacon" Commie Grant H.'s Avatar
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    Quote Originally Posted by DenverGP View Post
    A lot of people here are mentioning a smaller refund (or having to pay), but aren't mentioning if their total tax actually went up or down... this is the same thing the fake news is harping on.

    When the tax change went into effect, most peoples withholdings automatically dropped, so its no surprise that many people didn't get as much back. But I'd bet that for most, their total tax amount decreased.
    I'll be able to tell pretty quickly when I get around to it.

    In general, with the standard deduction nearly doubling, that should make most folks tax bills lower.
    Living the fall of an empire sucks!
    For your convenience, a link to my Feedback

  9. #29
    QUITTER Irving's Avatar
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    Quote Originally Posted by Grant H. View Post

    It sucks, but I do like being a 1099 for a fair number of reasons.

    Buying tools and such with pre-tax money is one of the cool ones.
    I'm looking forward to writing off the miles to my favorite liquor store from now on. I have a hard time with quarterlies as well. Doesn't help when you never have any idea how much you're going to make. For most of this year I had made so little money that I wasn't even sure if I was going to owe any taxes. Then a hurricane happened and I made 40% of my annual total in 3 weeks.
    "There are no finger prints under water."

  10. #30
    Machine Gunner DenverGP's Avatar
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    I was surprised when I realized that last year, my itemized deductions were about 23K. This year we had less deductions but it didn't matter since we took the standard 24k. But even with last years and this years deductions being close, the total tax was significantly lower on slightly higher income.
    'Unless a law-abiding individual has a firearm for his or her own defense, the police typically arrive after it is too late. With rigor mortis setting in, they mark and bag the evidence, interview bystanders, and draw a chalk outline on the ground' - Judge Benitez , 2019, Duncan v. Becerra.

    'One of the ordinary modes by which Tyrants accomplish their purpose without resistance is by disarming the people and making it an offense to keep arms.' Supreme Court Justice Joseph Story, 1840.

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