A very successful day trader who owed 0,000 on their 1999 taxes, for example, now needs to make estimated payments of 2,500 every quarter to cover himself for what he owed last year, and avoid the penalty. And what happens if he has a terrible year this year?
Beanna Whitlock
day successful taxes terrible
Once you hit that income level, you can't take as much of a write-off on your mortgage interest, your taxes or your charitable contributions. It used to be that if your adjusted gross income was more than 26,000, we'd tell you to buy a bigger house for the write-off, but not anymore.
taxes interest house income gross
I've seen this a lot this year. All those day traders out there who mistakenly thought they'd be paying 20 percent, their foundation is rocked when I tell them how much they owe. I've been in the business a long time and I have to say this has been the screwiest year I've ever seen.
time business thought day foundation
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