Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘estimated taxes’

… the MahaRushie on Matt Drudge …

Posted by paulfromwloh on Friday,April 4th,2014

.. and , as he admits , himself ..

.. this segment is a long one , from Rush ‘ s show , but it is worth it . For those of you who are not small businessmen and small businesswomen , it is a bit of an education on what these folks have to go through …

.. [h/t — RealClearPolitics]..

.. [link] to the Rush Limbaugh Show segment …

.. when most folks pay their taxes , year to year , they ” look back ” with their earned income and their other items . Small business folks have to ” look foward , ” and pay estimated tax (quarterly) during the year (as it goes) . There is a tax penalty if they underestimate their taxes and do not pay enough of  an estimate . They then ” look back ” in 2015 for 2014 taxes …

.. Rush does this , Drudge , Hannity , and every other unincorporated or unparternshiped small businessman or small businesswoman ..

.. those dummies at the White House have never met a payroll , never deal with government rules and regs , etc , so  they would  not understand that … ditto the LamestreamMedia …

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… Now You Get the Idea [from the MahaRushie] …

Posted by paulfromwloh on Monday,March 31st,2014

.. why Matt Drudge is right on the button …

.. [h/t — theRightScoop]..
.. [link] to the show segment ..

.. Matt is an individual businessman , a small businessman . He files estimated taxes , and is required to ” think forward , ” not backward , like most folks with earned income do . Those with the great mass of their income from unearned income [capital gains , interest , and dividends] as well as small businesses , as requried to file estimated taxes [and , to ” look forward , ” tax wise] …

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