In real life terms, the work you have done and the money you’ve earned from January through February this year is about what you will be paying for your federal tax obligations, writes Michelle Steele in The Orange County Register. The work you have done in March will basically go toward paying your social security and Medicare obligations. And for the entire month of April, you are working to pay off your state and local taxes, which include property, business, utility and sales and use taxes among many other taxes.
Click here to read the article.