New years resolution withholding calculator 2011
59©Copyright LillyGrillzit all rights reserved Dec 30, 2010, Chief Master Anderson Tae kwan Do Center, Little Rock, AR®©
In response a question asked by Ms. Debby Bruck on HubPages
Great Question Ms Debby! Finally. It only took half a century to figure this one out
New Year's resolutions, like Tax withholding
Lilly compares New Year's Resolutions to Taxes.
- Taxpayers have Federal Withholding increased as a savings account , hoping for a larger refund in January.
- By having the withholding be closer to the actual tax liability this will increase in-hand income for each pay period through the year. Then, taxpayers have more purchasing power, and can better meet their own needs. IRS Withholding Calculator (or www.irs.gov/Individual/5th Paragraph down the page 2/14/11)
- Why live on credit paying interest to use your own money, while storing your money at the US Treasury where you do not earn one cent of interest, and have lost part of your own consumer spending power?
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- New Year's Resolutionssaved for one night per year, is an overwhelming agenda.
- By making short, medium and long term goals monthly and annually, coming to a New Year's resolution need be only a small thing such as Bahamas or Hawaii?
- Why live all year with no desire to change or improvement? If we live for Resolution of bite sized goals, we have more success, which generates more positive energy, and power to make big changes.
Lilly used this photo, because it is a group of inner-city kids being taught by a local hero who has resolution and teaches it to each student. Chief Master Anderson made a commitment to be an honorable man. He grew up very poor, in the Eastern US. His mother helped him build a dream. He got involved in martial arts , excelled, and is the first African American to achieve the rank of Chief Master. Chief Master Anderson, has taken the teaching of the great Master's to heart. Leaving a successful chain of Tae Kwon Do dojos, he came to Little Rock, and stopped an epidemic of children shedding each other's blood over shoes. He gets some recognition from the City and State that he stopped from being a war zone. He gets no financial help, no grants, no Governor's awards.s.
This is a great question. It made a Hub. :0)
How to fill out W-4 from IRS withhold correctly
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Napoleon Hill wrote the Law of Success in 1937
The paperback Think and Grow Rich by Napoleon Hill is still a best seller in the business and, or self-improvement section of booksellers.
The master key to the attainment of your desires
Resolution and Withholding
- IRS.gov
go to "Individual", then Withholding Calculator. This is where you can find out the .90% tax liability you must withhold, then use the rest of your money all year long. - Napoleon Hill Foundation
Whatever the mind can conceive and believe, the mind can achieve
Happy New Years, 2011 and Beyond
- Give yourself a break, don't make an entire years worth of goals in one night
- Pay yourself.
- Stop living on credit, while loaning the US Treasury thousands interest free all year.
- Goals are like baby steps or 12 steps, One day at a time
- Small goals = Medium results, Small and Medium accomplishment are the fuel for success
- In 52 weeks, 7 failures = 47 successes.
- Goal setting and taxes, make 2011 a year to be easier on yourself, and accomplish more
Taxes. Lilly has over withheld this year, only because she withheld her 90% of tax liability for last year. Lilly has had an unexpected, multiple changes, low income this year. This will be the last one for at least two years as she forecasts. Hopefully and beyond.
Make goals, get more of your own money, be fruitful, and have fun. Happy New Year
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Dear Lily ~ Thanks for exploring making a 'financial' annual resolution. This great idea for those who want to keep within their budget requires planning, which requires putting the idea down on your personal list. Happy New Year. Love, Debby
P.S. appreciate this take off from my Feed Question
You made my day so colorful with this hub. I need refreshment in 2011. I hope 2011 become the best year for us. I am glad to follow your resolution. I have to be a new person with better personality and struggle to achieve my dream. Rating up. Thank yo very much. Happy New Year!
Prasetio:)
I'm trying to figure out my goals for this year. Right now I have 2 goals. Buy and install an electric stove, this will allow me to cook more since currently I used propane, not only is the price thru the roof BUT when I run out in the middle of the week I have to wait to get more.. The 2nd goal is to utilize my savings account BRUTALLY... my 2 youngest have deemed it worthy to pay me rent (they are both over the age of 18) part of that will go into my savings. My earnings here on HubPages will go into another account... to be saved as well.. GO ME!!
For me having goals... well it's something new I'm trying rather than let the chips fall as they may.
Thanks for making me think!!
I take my hat off for people like Chief Master Anderson. Napoleon Hill is one of my most favourite wise men. I obey his laws with great success. Taxes are an issue I ignore until I get a last warning to submit my forms. Thanks so much for your best wishes, Lily. My wish for you, too, is only prosperity for 2011 and beyond. Enjoy this last day of 2010.
Happy New Year Lilly x
A most Happy New Year and a big tax windfall to you also in 2011 my Dear. Great hub.
A great new year resolution indeed that makes a great hub. Happy New Year, Lilly !
Money money money huh Lil.I wish I could go on a long long sailing adventure this time of year.Imagine multiple projects employing Many people with different tax situations and the whole mess falls right into my lap...every year[not to mention all the changes that have come down].I don't think Tod[our money guy] and I have been out of the office for more than four or five hours a day during the last five weeks.This is the first time I've been able to do more than glance at my friends hubs.Thanks for reading my latest piece,it's the hardest thing I've ever written.I'm so so sorry I haven't visited more but Ive been very busy.Well laid out hub with lots of good info.Voted up and useful!
Dean x
Lilly, as always another great hub full of good advice. Keep them coming.
Lilly,
Great idea and article as always! Great picture too .. Voted up and shared. Thanks for sharing.

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katiem2 17 months ago
I like this concept a lot! Very practical and honest. Oh how great it would be if people did the good in their life as they pay taxes regular and consistent! Whew we'd all be far better off.
Lilly this is a great concept indeed. I love the way you think, share and help us make our lives better! :) Katie