I spent all weekend completing our taxes and filing them. I had started the process six weeks ago and probably spent at least four days' work on them. I'm fully self-employed so the forms can get rather confusing. (A huge thank you to H&R Block for helping me navigate the process with their helpful software.)
As tax day approaches, Americans are split down the middle on whether they are paying too much in federal taxes, according to a new survey Monday.
About as many Americans believe that federal income tax rates are too high, 46 percent, as those who say it is “about right, 47 percent, reports Gallup. Only 3 percent say that federal income taxes are too low.
You don't say! In all seriousness, the poll also shows that dissatisfaction with tax rates much higher in 2000 and 2001, before the implementation of the first round of Bush tax cuts. Back then, some 60% said taxes were too high.I hope Team Ricochet has finished or is close to finishing filing and that the damage wasn't too rough. I have a friend who had to cash out his retirement to keep his family afloat last year during his unemployment and that's a tax penalty I wouldn't wish on anyone.