If you didn't hold the I.R.S. taking so much of your income would you even obligation credit (besides mortgage?

Right now they are taking 30% of my income, plus another 10% on penalities and interest on payment plan. The guard is taking 10% on interest on my mortgage. 50% of my income goes to the I.R.S. and banks. And I guess I will be tax more on the big bail out and new tax increase? I don't use any credit and we shop at thrift shops.

Answers:
Sounds like there's some self-inflicted pain within your situation.
I guess there isn't much point surrounded by pointing out to you that if you had paid your taxes when you be supposed to, like most people do, you wouldn't be paying the penalty and interest on a payment plan, and unless you make several hundred thousand dollars a year, the IRS would not be taking anywhere hard by 30% of your income.
While your story is true. you know how various sob stories the irs would receive if they fell for every song and dance?

You can contact the irs and ask for a reduced payment. And look into file bankruptcy for the other.

Hope your kids are doing much better.


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