Old 02-10-2019, 05:49 AM
Senior Member
Join Date: May 2014
Location: Wendell, NC
Posts: 2,110

Originally Posted by anonymous_coward View Post
Let me guess, self-employed for 25 years, lives in a million dollar home, has new cars, boat, kids in private school and $5k to 10k is your TOTAL federal tax obligation for the year? I see this all day long with the vast majority of business owners when it comes time to pony up.

P.S. My apologies if you are one of the few business owners who is honest when it comes to paying their fair share of federal income taxes.
If 10k were his total obligation every year and he's self employed, he'd be getting penalized for not filing quarterly estimates and would probably change his tactics within a year or two.

Stick to mortgages.
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