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| How do other people manage their tax bills anyway? | |
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two ways:
1.) get the highest paying deposit account with your bank (i like e-deposit with the post) and each month automagically transfer in 20-30% into it and forget about it! when the bill comes pay from that account.
2.) you can also pre-pay monthly i think with most cantons.
option 1) you earn interest from the point of deposit and you can access the money in an emergency but then you will need to have another back up. some people give in to temptation but this account should be called you tax account for taxes only! you can open as many of this as you wish with the post.
but with option 2) the tax man actually pays YOU a higher interest rate (not sure if it is from point of deposit of end of year) but he has the money and will only allow you to use for the taxes! there is a post some where on this. if i find i'll add it.
EDIT: here it is and a useful thread too!
http://www.englishforum.ch/finance-banking-taxation/36246-swiss-tax-dumbies.html#post427546