While I may strongly disagree with some of the programs my taxes support, I’ve never resented having to pay my income tax.
Not really…at least, not much. Over the years, I did have a couple of unhappy disagreements with the IRS, but generally the Tax Day experience has been painless.
Last year was the easiest return I ever prepared. There were no W-2s and just a handful of 1099s from Social Security and a couple of pensions. It’s not much of a simplification to say no (taxable) income equals no taxes owed.
This year I expected another walk-in-the-park, no-brainer, carbon copy of last years return. If only life were ever that simple – and it would have been except that last year I turned 70 1/2. That means I was required to take a RMD (required minimum distribution) on my IRA.
It wasn’t a lot of money - certainly didn’t change our lifestyle – but it was just enough to cause me to owe taxes this year. The good news (if there is any) is that I am due to take this year’s RMD just in time to pay my taxes.
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