I wonder what kind of tax code results in a husband and wife owing more taxes than the previous year when the year's income went down and the main breadwinner suffered unemployment? Ah, the tender mercies of bureaucracy!
It was ignorance on our part, really. We did not realize the child tax credit goes away the year the child turns seventeen, so hadn't adjusted our withholdings accordingly. Also, it is a little known fact-- at least it was little known to us-- that unemployment benefits are taxable income, although the government does not offer pre-tax withholding on those benefits.
At least now you know and won't be surprised. ;o) Forewarned is forearmed. Although it may change at any moment. The tax code is a seething morass full of writhing legislation suddenly shifting ... I vote for a flat tax on purchases rather than income. Even a graded tax on purchases rather than income would be easier to understand than what we have currently.
In light of the happy list, I'm trying to move from anger to the idea that we have a front-row seat in which to watch the Lord work. We're currently praying that the vehicle doesn't break down and nobody needs a doctor until after we get the taxes paid. :) Actually, if that could go on indefinitely, it would be great.
The Lord is amazing... we have had our van almost eight years and it has over 175,000 miles and it still runs well. The other day I averaged our last nine months of van repairs, and our repair bills are still less than a car payment. Of course, it may die tomorrow. But so might we all. :D Then we would be in heaven with the Lord, which is more than I can say for our get-out-of-debt van or the tax code.
And that is my happy thought for today.