Discussion:A Reverse Payday Loan

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Discussion Forum Index --> General Chat --> A Reverse Payday Loan

Death&Taxes (talk|edits) said:

2 November 2009

Didn't they give IOUs as refunds for a period of time last year?

Natalie (talk|edits) said:

November 2, 2009
Wow, what next? And yes they did -- it was earlier this year for refunds on last year's tax returns.

KatieJ (talk|edits) said:

3 November 2009
Not only that, but estimated tax payments were accelerated earlier in the year to get more cash into the 2008-09 fiscal year. The first two quarterly estimates (April 15 and June 15) had to be 30% of estimated tax rather than 25%. Of course that means the second two payments, made in FY 09-10 (Sept. 15 and Jan. 15), are only 20%. This applies to both individuals and corporations.

KatieJ (talk|edits) said:

4 November 2009
I was on TV, last night, briefly, about the 10% withholding increase. A reporter from the local UPN station came out and interviewed me, and they used three little clips. Of course the rest of the segment was in Spanish, so I have only a very vague idea of what they said!

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