As most of my readers know, my posts are usually two (or more) weeks behind when events happened. This allows me to preserve a degree of privacy when I travel, so that people would not ransack an empty apartment when I'm away. Today, I'm writing about an event that emptied my wallet, and not my apartment....
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In the USA, our yearly income taxes are due on April 15th. My income can vary from year to year, but it has two constant (for now) income sources: My pension from work, and my social security check. With both of these checks coming in on time, I have the same after tax income I was living on for years before I retired for good. However, what can and will vary is the income I receive from renting out the family homestead, and any distributions I decide to take from my 401k (retirement savings).
Unfortunately for me, America has a progressive tax system which hits the middle class worst of all. The rich have their tax dodges such as the constructive use of insurance policies to avoid paying income taxes (I won't go into how this is done here.) The poor pay little in income taxes, receive subsistence subsidies, and live lives of quiet desperation. This means that for me, I am stuck depending on others for several things such as the financials from the family homestead. More importantly, due to our progressive tax system, I am stuck having to estimate how much taxes I will need to pay for the year, and then pay them in advance. AARGH!
Today was the day I had to go to my tax lady and send off taxes owed for 2024, and to pay an installment on 2025's estimated taxes. Ouch! At least, I had RQS with me, as she had to pay her 2024 taxes as well. So we left my place at noon, and arrived at the tax lady at 1:15 or so. By 1:45, we were out of the place and heading towards RQS's place.
We arrived at RQS's place around 2:30 or so, and both of us wanted to take a nap. I couldn't afford that luxury, as I wanted to make it home before the worst of rush hour began. So around 3 pm, I started my drive home and hit the one traffic jam I expected, and avoided several more. It was hard to believe that I was home before 4:30, but I was. And I finally got the chance to take that nap.
PS: Two weeks later, RQS found out that the tax lady had not yet filed her taxes, even though she had an e-file receipt. She was pissed off (to put it mildly) and it took a few phone calls before she could reach the tax lady. Next year, I'll bet that RQS will use someone else, as her returns are relatively simple and can be handled by any run of the mill tax professional. As for me, I'm stuck using someone like this lady until I find someone better....