The Majestic

I know better than to put on a movie I like at 11pm at night because that leads me to being away at close to 3am in the morning....blah!!!

Anyway, the taxes have really reared their head again. After thinking and thinking and thinking about the taxes, I finally decided, after talking more with Susan, to go ahead and just start saving as much as we can until we know what the final tax bill is going to be. As soon as we know, you will know. If its really as ugly as 18,000 plus a quarterly estimate due on top off that, well, I won't be happy. But it will be what it will be. Right now we are approaching the 26,000 figure in the Vanguard account and with the February paycheck, that number should be going over the 30K mark. What is going to be painful is when we have more in the Vanguard account than what we owe on the house. That is going to hurt. To actually have enough money to payoff the house and not be able to because its just an interest free loan from Uncle Sam. Yuck!!!!

So where does this leave us......we are sitting at 34,712.32 dollars left on the mortgage. So very close, yet so very far. Hopefully we will just have to be sidetracked for February, but it might run into March as well.

The other thing I plan to do is start showing the tax liability broken down each month on the net worth so that there isn't a dramatic decrease in the net work every time we have to pay quarterlies. This will start being reflected as soon as I actually know what that number is. We are waiting on one 1099-MISC form from where Susan did some side work.

It will be nice to fianlly know what the numbers are, so that we can plan better. It will also be nice if those numbers are only about 8,000 total. Sad, but true!!!