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Date:July 28th, 2005 09:14 pm (UTC)
Just some notes:

Taxes are owed quarterly. Your normal withholding from wages usually covers that, and a little. This is why you typically get a tax refund after filing your annual income tax return.

If you have sufficient additional income in any given quarter (e.g. from a stock sale), you will owe a quarterly payment - check with your accountant.

Oh, CA gets its cut, too.
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