Quoted from jonesjb:You make some assumptions, you don’t know if this it the total tax bill or additional amount owed. Or a quarterly or annual payment.
You’re also missing a much bigger assumption. I’m self employed and owner of a single member LLC. Which means my company is taxed as an individual. I write checks bigger than that sometimes to the IRS, but I’m paying taxes for me and 5-6 employees on a quarterly basis (I have to submit the taxes that are withdrawn from their paychecks). Each individuals income is modest (enough to buy some NIB pins once in a while), but it all adds up to contribute to the IRS. I figure we’re all contributing to the economy and helping fund the nation (a whole different topic)... and keeping people working is probably a good thing.