Solarius

January 4, 2009

Income Taxes

Filed under: Mismanagement — Tags: — Admin @ 2:00 am

Our family consists of my wife, 3 step children, 1 child which does not live with me and myself. I have a good job and I make a decent living. My wife also works but her gross income is about 1/3rd of mine. I pay child support to my ex-wife who is pushing to have my support payments more than doubled to almost $1000 a month. I claimed a few with holdings on my taxes last year but I worried it was not enough. My wife and I set our with holdings to 0 about mid-way through the year in an effort to avoid owing taxes in 2009. Apparently that was still not enough.

I recently pulled up the turbo tax website as I do every year and put in estimations of income based off of our final paychecks for 2008 since as of the time of this writing we do not yet have our w-2 statements. According to turbo tax we owe over $8000 on top of the $20600 we have already paid in income taxes for 2008. Wow! I would say we were surprised but this is a drastic understatement. We are devastated both morally and financially. How are we going to raise that kind of cash when our budget is already razor thin?

We do not live a life of excess. We eat out once in a while out of necessity. We shop around always trying to find the best deals on groceries and other things we buy. We have some credit cards with a total balance of less than $1950 and always pay more than the minimum each month. We make too much to declare bankruptcy yet we do not make enough to pay huge bills like this in a timely manner when they surprise or blindside us. We have no savings to speak of and I constantly worry about retirement and not having enough to even pay for basic costs of living. When we retire social security will probably be non-existent according to the common opinion of pretty much everyone I talk to. So why do we pay such high taxes on income? Why do we lose 30% of the money we work hard to earn?

As I sit here late tonight writing this I have no answers, only questions. Why must the government make it so hard for me to continue working by stealing around $30 for every $100 I earn? How can we expect people to continue working when our government is fiscally devaluing the very work we do? The taxes I have already paid in 2008 average out to almost 1700 a month. This is more than the rent on our apartment or the combined vehicle payments we make each month for our 2 cars which we need in order to get to work on a regular basis. This is more than most people could stomach paying to any one debt yet I am forced to pay these taxes according to law. If I do not fork over a huge chunk of my income each month than I will be found and will be dragged off to jail or worse.

This fact scares me and it is why I pay my taxes. The mob used to make shop keepers pay for ‘protection’ and this situation feels an awful lot like that. So here I sit typing a few paragraphs that could either earn me public scrutiny or praise. I’d prefer neither, I simply want my money back.

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November 27, 2007

Known vs. cost effective

Filed under: Ineptitude, Mismanagement — mxhess @ 1:57 pm

Why is it that companies tend to go with vendors whose products cost much more than other less-known vendors whose products perform much better in general (stability/performance for the $/functionality/security) when all aspects are considered?

Example:

Company XYZ, inc. chooses to use products from Vendor C instead of Vendor B. The company in question already uses a lot of Vendor C’s products and Vendor C is a ‘preferred’ vendor. Vendor B is an up and comer with several solutions that out-perform all aspects of Vendor C’s identical offerings. Both Vendors are presented to the company and Vendor C is still chosen even though Vendor B is more cost-effective, their solution has triple the performance of Vendor C’s product and Vendor C’s product’s are well known to constantly need software upgrades to fix security issues that the Vendor (through shoddy coding review) allows into ‘final’ releases.

Why did Vendor C get tapped for supplying the companies needs?

The answer is multi-faceted.

Kickbacks to corporate officials or board members of the company, board members with undisclosed conflicts of interest, managers not wanting to ‘rock the boat’ with new technology decisions, a lack of truly solid technical understanding combined with almost non-existent forward thinking (ie: a solution for the now in the now even if it doesn’t meet needs in 2 years).

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