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> The IRS certainly can tell me when I am wrong but they won't do it except when the result is in their favor Yes they will. I don't know why you bother to mak
by freddie_mercury 7y ago
> The IRS certainly can tell me when I am wrong but they won't do it except when the result is in their favor
Yes they will. I don't know why you bother to make up a lie so easily disproved.
On September 9, 2019, I received a CP16 that stated
"We believe there are miscalculations on your 2018 Form 1040, which affect the following areas of your return:
- Tax Computation
We made changes to your return that correct these errors. As a result, your overpayment is $21,886.35.
Information was changed because of the following:
We changed the amount of tax reported on your tax return because the tax rates on Qualified Dividends and Capital Gains are generally lower than the standard rates. It
appears your tax was not computed using these rates or the amount of tax was computed incorrectly. (211D)"
- symlinkk 7y agoHoly shit talk about a humble brag. You overpaid by $21k? You must be balling.
- 0xffff2 7y agoAt a 15% rate, that's only 140k in capital gains. Significant, but hardly "balling" if it's a one-time event.
- symlinkk 7y agoWhat world do you live in where $140k in gains on an investment is not a huge amount of money?
- 0xffff2 7y agoSilicon Valley... Would it be nice to have an extra $140k? Yeah. Would it be life changing in any way? Not really. I still wouldn't even be able to afford to buy a house.
- Sohcahtoa82 7y agoUSA minimum wage is $7.25/hr which is only $15K/year if you work full time, and we've got people that will refer to 140K and prepend it with "only".