3 ordspråk av Beanna Whitlock

Beanna Whitlock

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A very successful day trader who owed $50,000 on their 1999 taxes, for example, now needs to make estimated payments of $12,500 every quarter to cover himself for what he owed last year, and avoid the penalty. And what happens if he has a terrible year this year?

Once you hit that income level, you can't take as much of a write-off on your mortgage interest, your taxes or your charitable contributions. It used to be that if your adjusted gross income was more than $126,000, we'd tell you to buy a bigger house for the write-off, but not anymore.

I've seen this a lot this year. All those day traders out there who mistakenly thought they'd be paying 20 percent, their foundation is rocked when I tell them how much they owe. I've been in the business a long time and I have to say this has been the screwiest year I've ever seen.

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