Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: notesfiles Path: utzoo!watmath!clyde!bonnie!akgua!sdcsvax!sdcrdcf!hplabs!hp-pcd!hpfcla!woof From: woof@hpfcla.UUCP (woof) Newsgroups: net.invest Subject: Re: Throw your money away Message-ID: <16200002@hpfcla.UUCP> Date: Mon, 15-Oct-84 19:50:00 EST Article-I.D.: hpfcla.16200002 Posted: Mon Oct 15 19:50:00 1984 Date-Received: Sun, 28-Oct-84 06:29:51 EST References: <-43000@inmet.UUCP> Organization: Hewlett-Packard - Fort Collins, CO Lines: 8 Nf-ID: #R:inmet:4300004:hpfcla:16200002:000:374 Nf-From: hpfcla!woof Oct 23 15:50:00 1984 The legal limit doesn't have to do with how many exemptions you take, but with how much you owe the IRS. You have to pay a penalty if you owe the IRS more than 20% of your total tax bill, with a few exceptions (e.g., you paid in enough to cover your tax bill of last year, but it was less than 80% of what you owe this year). Steve Wolf [hplabs,ihnp4]!hpfcla!woof