After recovering from the biggest Christmas open house ever I called my brother who had missed the party and inadvertently found out that I have some work to do ASAP.
Back when I owned a business decades ago I paid what was called quarterly wages, basically estimated tax payments.
Well I don’t remember how it came up (then again after a party that started at 2 p.m. and ended at 4 a.m. anything I remember today is a big bonus) but this also applies to individuals, that is: if you haven’t paid the vast majority of tax due the previous year by Jan 15th or so you pay an additional penalty.
Given the California IOU’s business (and just being broke) I suspect a lot of people didn’t have taxes deducted from unemployment. Given the massive amount of unemployment in the country, there are likely going to be millions upon millions of people getting a nasty tax penalty at the time they can least afford it.
For those who considered their unemployment “fun-employment” the party is about to end.