The lie is usually based on income taxes and then what is due by April 15th. What is left out is the prepaid amounts every quarter to the irs, capital gains taxes, and other taxes like business taxes. I remember the freak out over Trump only paying a little in April but people failed to see that he had to prepay every quarter and his accountants did a fantastic job making him only owing $200 come tax time.
1 Comment
The lie is usually based on income taxes and then what is due by April 15th. What is left out is the prepaid amounts every quarter to the irs, capital gains taxes, and other taxes like business taxes. I remember the freak out over Trump only paying a little in April but people failed to see that he had to prepay every quarter and his accountants did a fantastic job making him only owing $200 come tax time.