tag:blogger.com,1999:blog-13729569.post6045765223819948679..comments2024-03-23T05:42:07.516-04:00Comments on The Deliberate Agrarian: Tax Time BluesHerrick Kimballhttp://www.blogger.com/profile/17116051416696885647noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-13729569.post-48083997910461740282014-03-20T19:53:05.647-04:002014-03-20T19:53:05.647-04:00Ms. G - I understand your feelings. Remember, God...Ms. G - I understand your feelings. Remember, God also commands us to be good stewards. It sure would be easier to pay some reasonable tax if there was evidence that our government was doing its level best to be a good steward of the tax revenue! TimfromOhionoreply@blogger.comtag:blogger.com,1999:blog-13729569.post-85715649568880042532014-03-20T07:06:46.815-04:002014-03-20T07:06:46.815-04:00My final goal in life, is to finish becoming self ...My final goal in life, is to finish becoming self sufficient, and living without any income, other than what I can make from my home. Just enough to pay property taxes. <br />I own my own property, have a small, fully finished, garage on it, and am working on being able to make enough for the taxes if we crash. It's still a work in progress, but it is improving each year.<br />I do have to say, that the one thing the Lord requires of us that I don't care for, is, <br />Render to Caesar what is Caesar's and to God, what is God's.<br /><br />I do have cash stashed for property taxes, and since they are very low, it will last many years, but only God's grace will get us through what I think is ahead of us, so I would much prefer to give to those that need it, not to Caesar. Thy will be done Lord, and I do hope to mean that some day too.<br /><br /><br /><br />Sheila Gnoreply@blogger.comtag:blogger.com,1999:blog-13729569.post-46171306091873467762014-03-18T22:38:45.683-04:002014-03-18T22:38:45.683-04:00My S Corp. status shields me from most taxes... an...My S Corp. status shields me from most taxes... and there's no state income tax in Florida. Praise God.<br /><br />My biggest concern is keeping everything above-board and legal. There are so many potential mistakes you can make... I just don't trust myself to file taxes anymore so I hire a professional accountant and she makes sense of all my receipts and invoices.<br /><br />Don't worry. Everything is going to collapse soon.David The Goodhttps://www.blogger.com/profile/10198938190820294516noreply@blogger.comtag:blogger.com,1999:blog-13729569.post-53397565063403331432014-03-18T20:23:00.436-04:002014-03-18T20:23:00.436-04:00These conditions are what "they" wanted,...These conditions are what "they" wanted, that's why their ancestors took us off the gold standard.Gorges Smythehttps://www.blogger.com/profile/08777621500611603786noreply@blogger.comtag:blogger.com,1999:blog-13729569.post-11583515837887993892014-03-18T20:22:05.394-04:002014-03-18T20:22:05.394-04:00You're right - it does seem worse if one is se...You're right - it does seem worse if one is self-employed. What an incentive, eh? One plus is that I get the benefit of a 401k!!! (somewhat tongue in cheek here). While I do get to put pre-tax dollars into an account that I can't touch until I'm at least 59.5 (without extra tax penalties), my "investment" choices are increasingly limited. One used to be able to put these dollars into a true money market fund. Now, the so-called "safe investment option" in most plans is a "stable value fund". Guess what it invests in? That's right folks, government bonds. Methinks that instead of outright taxing of retirement plans (which will happen eventually anyway, but in the form of the government "helping" us by requiring a portion of such accounts be invested in "investment vehicles" with promised "rates of return") they are being a bit more sly by "suggesting" to big investment houses that they limit such "safe" options to ones featuring government debt. They can't print forever, the Fed can't buy ALL of the unwanted debt issued each week that nobody else wants, why not funnel retirement money into such debt to buy some more time. Maybe I'm too cynical, but that's my take. <br /><br />Mr. Kimball, you're right. They will keep taking from the present generation while they issue debt to future ones. The more dollars there are, the less each one is worth. <br /><br />What to do? This is the segway to a link about an Agrarian Economic Defense plan - one of your entries dealing with getting out of debt, getting some land (and you probably don't need as much as you think you do - read "The Market Gardener" - the guy lives in Quebec, not exactly the longest growing season, and makes a living off of a couple of acres!), and learning how to provide at least some of the necessities of life yourself. Perhaps I'm a bit testy due to tax season as well ...timfromohionoreply@blogger.comtag:blogger.com,1999:blog-13729569.post-63628447372574382342014-03-18T19:57:00.289-04:002014-03-18T19:57:00.289-04:00Tim,
It's more messed up if you are self empl...Tim,<br /><br />It's more messed up if you are self employed. Then you pay pay twice as much FICA (social security) tax as you do when you are an employee. <br /><br />But I think they call it a FICA "contribution." so it's not quite so bad.<br /><br /> ;-)<br /><br />I agree that it is unsustainable. Unfortunately, they will extract even more from the working class before the system finally breaks.Herrick Kimballhttps://www.blogger.com/profile/17116051416696885647noreply@blogger.comtag:blogger.com,1999:blog-13729569.post-63854782799644435252014-03-18T18:02:41.150-04:002014-03-18T18:02:41.150-04:00I started a new job just over a month ago. They g...I started a new job just over a month ago. They gave me a nice raise. It's only a raise on paper - must have bumped us to the next tax bracket or something b/c there was a only a marginal change in takehome pay. That or the local income tax I get to pay is more in my current location - that is, the tax b/c I happen to work in a certain location. Seems to me I remember we fought a revolution about taxation without representation, but I digress. So, I get to pay Federal, state, and 2 local income taxes (you're supposed to get credited from the work location to the living location local, but it's never dollar for dollar). Add to that property tax 80% of which goes to a service we don't use (we homeschool). Then there are vehicle registration fees, sales tax, gas tax, tax on utilities and even tax on access to utilities, ... I'm sure there are a host I'm missing. What is the end result? Ballpark calculations tell me I wind up working over 5 months out of the year BEFORE I get to bring any money home for my family. That's almost half. That's messed up. That's also not sustainable. timfromohionoreply@blogger.comtag:blogger.com,1999:blog-13729569.post-14603201445210808232014-03-18T14:29:08.639-04:002014-03-18T14:29:08.639-04:00I agree about not liking tax time. Mine got finish...I agree about not liking tax time. Mine got finished up today and it is crazy what percentage is taken from our small business. ukagenghttps://www.blogger.com/profile/07610969152545489099noreply@blogger.com