2023 Taxes

 

Every year, my wife and I file for an extension on paying our taxes from April 15 until October 15...   there is no restrictions to do this but we do this because some of the tax docs that we need, we do not receive until August each year.

This SIX-MONTH extension allows us to collect another 6 months of interest from our investments.  As a result, the interest earned more than covers the taxes owed, so we NEVER reduce our PRINCIPLE, and our finances are always growing.

What baffles me is that our friends, both Democrats and Republicans, Liberals and Conservatives, Capitalists and Socialists, ALL COMPLAIN about having to pay TAXES.  AND YET...  if you are not a capitalist, a republican, or a conservative, you are voting for candidates who want to INCREASE YOUR TAXES.

This attitude simply makes no sense to me.

Either you want higher taxes or...

You do not want higher taxes...

Now, for the wealthy folks here in the US of A, they don't give a shit about higher taxes, because their money is sheltered and when taxes go up, they only pay the increase on what they claim, not what is sheltered.

It is perfectly legal to do this but what the wealthy people are causing is for the US govt to always have a shortfall in taxes.  The middle class pays the burden for the wealthy being able to shelter their money.

CONGRESS WILL NOT CHANGE THIS LAW...  mainly because most of Congress is also sheltering their money away from taxes.

AMERICANS ARE TYPICALLY NOT VERY SMART WHEN IT COMES TO PAYING TAXES OR TRYING TO AVOID PAYING TAXES...