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Why are you complaining, we're still under the 2017 DJT tax cuts?

When you write a 6 figure check to the IRS for AMT by virtue of exercising qualified stock options, you can complain. I did it a few times, and the worst part of it was because I hadn't made the money yet. They were taxing me on the come. At least you're paying for income pocketed...

Things are calm right now with 4 figure quarterly checks for both the Fed and ME, but when the RMDs kick in for me and my wife, I'll be moaning and pissing again, but at least the checks won't be 6 figures, 5 yes, 6 no...
 
Why are you complaining, we're still under the 2017 DJT tax cuts?

When you write a 6 figure check to the IRS for AMT by virtue of exercising qualified stock options, you can complain. I did it a few times, and the worst part of it was because I hadn't made the money yet. They were taxing me on the come. At least you're paying for income pocketed...

Things are calm right now with 4 figure quarterly checks for both the Fed and ME, but when the RMDs kick in for me and my wife, I'll be moaning and pissing again, but at least the checks won't be 6 figures, 5 yes, 6 no...
I sense your TDS has been triggered as you mentioned DJT. :ROFLMAO: The issue you speak of still exists in certain circumstances. I am compensated from a few entities and they have different tax structures. I tried to withhold additional federal taxes on bonuses etc., but still came up short. The entities cover the state taxes to take advantage of the SALT workaround. I do get to deduct NYS taxes from my income.

The dreaded RMD. And the rules are very different regarding the passing of IRA's down the road. Plan accordingly. Just have the entire RMD put to withholdings, and depending on the amount, maybe not have to pay quarterly estimates.
 
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