Happy Tax Day!
I could hear most of you groaning. Taxes aren't exactly fun for a writer. We don't get the same taxes taken out of our pay, which means we get killed at tax time. I've seen some horror stories from well-known and successful writers who owe thousands at tax time. I don't envy them, but at the same time I do.
Confused? Really the less you make and the more you can write off as losses, the better as far as tax season goes. Of course that means you didn't have the best year. On the other hand, if you sold a ton of books and made great money, you're going to have to give some of that back come April 15. I pay quarterly, and I usually wind up overpaying, which means I get some money back at the end of the year, but it's nothing to celebrate.
So what's a writer to do? As always, write. At least that's my opinion. What do you think about the way writers are taxed. Is there a better system?