Another year another tax day. I realize that tax day may come once a year, but
the stress is year round. The problem I face with taxes is that I consider it as
something in the past or something to do in the future. The stress is there year
round. This causes all sorts of problems as I never give the taxes their due
until the last minute and well I don’t end up doing a good job and likely lose
quite a bit in over or under payment. This is a bit annoying to deal with.
So I am forcing taxes to be in the present. They are a daily occurrence and will
be handled as part of my daily routine. Like other things that I need to plan
for in the future. I don’t do well with calendars, I don’t do well with them. If
I bring it to the present and am always dealing with it, it leaves my mind.
Another aspect that I am going to be doing is just paying the estimates that are
on the voucher instead of trying to calculate what I owe. This will simplify my
taxes as I can just pay what I owe the following April. I was attempting to get
an exact calculation trying to play the estimate game, but this is getting
confusing.
To be frank the way the IRS does it is actually good because it means you can
just focus on growth and not about what taxes you owe. If you just pay the last
year’s and you make less you get a refund, if you do better than last year then
you get an interest free loan until you have to pay taxes. This is actually a
great incentive structure.