The IRS wants us to be in debt forever.

[AirmensMom]

Yep, that's it! We sold the house and put the money in the bank. So we lost our mortgage interest deduction. And that's not all -- we also get to pay income tax on the interest the money made while it was in the bank. So we get screwed two ways. Basically, we have to pay most of that interest money to the IRS ... money we'll need when we move. What's the incentive for anyone to try to get out of debt and save money? And why do my taxes keep going up with all of Bush's tax cuts? :shrug:

Yeah, we knew it would happen, but we didn't think they'd want so much of it. :cry:

:banghead: :argh:

[Haole Girl]

1. There *is* no incentive for anyone to try to get out of debt ...

...it's all part of the grand scheme to keep us working like little hamsters spinning the consumer wheel of life.

Gwad, I'm getting cynical in my old age....sorry. :hug:

[AirmensMom]

2. I'm with you.

Getting more cynical all the time. We were trying SO hard to get out of debt and save money. I'm just in shock at what our tax bill is. :cry:

Thanks for stopping by. :hug: :yourock:

[Nicole]

3. I hear you

It sucks. I owe them too. :cry:

[AirmensMom]

4. I'm sorry.

I hope you don't owe a lot. :hug:

I should be sound asleep, but I'm too worried to sleep. :cry:

[Nicole]

7. Thanks

I'm sorry you're worried, I hope you can get to sleep soon. :hug:

I owe $5278. :cry:
I should be happy that I have the money to pay them. I still think I'll be very unhappy writing that check on April 14th.

[Katherine Brengle]

5. We should be getting a great refund this year, BUT --

turns out DH screwed up his taxes big time a couple of years ago (he got deployed right around tax time, it was not a good decision making period for him) so god only knows how things will turn out...

He's a police officer now but at that time he was an independent contractor for FedEx... hopefully there will be some big deductions in his favor bc otherwise... not pretty - he could end up owing thousands that we definitely don't have.

Life just flat out sucks sometimes, especially when it comes to money.

[AirmensMom]

6. Yikes!

That's pretty scary. :scared: I hope you can get those deductions.

Yep, it does suck sometimes. I'm too worried to sleep. :(

[amitten]

8. Don't worry. Just know that money always works itself out.

Think of all the times in the past you may have been low on money, and you got through it. This will be no different.

Now put your worries in a little mental box, throw them away, and get some rest!

[AirmensMom]

9. All I can think about

is the time we went without food for two weeks and drank milk that the farmer down the road gave us until we could buy food. That's the part I don't want to repeat. :scared:

But I will try to get some rest. Thanks. :hug:

[amitten]

10. But that won't happen this time. The IRS does accept payments

in installments if you need. No one has to go hungry to please the IRS.

[AirmensMom]

11. You're right.

It's irrational ... from the trauma, I suppose.

[amitten]

13. Yes, and you need to let go of your money-related fears. Those

kinds of thoughts, I believe, actually attract poverty.

If you keep a healthy mindset about money (not hoarding but not overspending) and put less importance on it, you'll find that it always evens itself out.

Don't worry--you'll be okay! :bounce:

[Oeditpus Rex]

12. Welcome to the middle class

Smoke 'em while you've got 'em.

[judaspriestess]

14. thats because our money went to Iraq via

cash, 363 tons of it and the IRS has been dispatched to collect with a vengeance. My fiance mistakenly reported $1000 less on his tax return in 2004. He got a notice from the IRS and he now has to pay $500 of that $1000 to taxes. Thats 50%. He is a straight w-2 employee and it was a clerical error on his part and now he has to pay this much or they will slap him with a tax lien.

I effing hate, hate, hate, the IRS.


word of advice, get a home based business going and incorporate yourself. Every American should do this, you get up to 500 tax deductions, eliminates self employment tax and what you deduct is 100% tax deductible.