FlyerTalk Forums - View Single Post - Paying USA income, property or other taxes with a credit card

Mar 26, 2014, 1:45 pm

#223

Soccerdad1995

Join Date: Feb 2014

Programs: UA Plat, SPG Gold, Marriott Gold

Posts: 677

Quote:

Originally Posted by cornellfOo

Sorry I wasn't clear-that number was off the top of my head. It is the fee that my local property tax collector charges so I just went with it. According to this page on IRS.gov[1], certain operators can get that fee down to ~1.87%. Same decisions still apply, though-is it worth the ~$561 cost?

[1] http://www.irs.gov/uac/Pay-Taxes-by-...-or-Debit-Card

Thanks

The other consideration is the 1.5 month float on the $30K. Not worth a whole lot given the extremely low interest rates out there, but assuming a 1% annual rate, its $37.50. Gets the cost down to $524 or so for 45,000 UA miles, or 1.2 cpm if I go that route.

Or I could just use the 2% cash back FIA Amex and make a straight profit of $76 in cash.

Sorry. I tend to be a tad bit anal.....

Reply