Im getting $20,000.00

[dxkj]

Buy a section of canada and become king.

 

[eelw]

Originally posted by: Taggart
buy 20,000 's

seconded

 

[BigJ]

Originally posted by: latino666
Spend $18,000 of it on anything you want and save $2,000 of it for your taxes.

You've obviously never received a bonus before.

They are taxed at a MUCH higher rate than normal income. You mean spend about $13,000 and pay $7,000 in taxes.

 

[otispunkmeyer]

id probably pay of debts, and just go on a nice holiday somewhere (providing the debts werent rediculously huge)

 

[dxkj]

Originally posted by: BigJ

Originally posted by: latino666
Spend $18,000 of it on anything you want and save $2,000 of it for your taxes.

You've obviously never received a bonus before.

They are taxed at a MUCH higher rate than normal income. You mean spend about $13,000 and pay $7,000 in taxes.

more like 11,000 and 9,000

on my 2,000 bonus alone Its more like 1100 and 900

 

[BigJ]

Originally posted by: dxkj

Originally posted by: BigJ

Originally posted by: latino666
Spend $18,000 of it on anything you want and save $2,000 of it for your taxes.

You've obviously never received a bonus before.

They are taxed at a MUCH higher rate than normal income. You mean spend about $13,000 and pay $7,000 in taxes.

more like 11,000 and 9,000

on my 2,000 bonus alone Its more like 1100 and 900

Yea you're probably right. I was being too generous in my numbers. Although I really don't know if military bonuses are taxed differently than private sector bonuses.

 

[HannibalX]

Taxes suck.

I would pay off any debts I have and put the rest into savings for a rainy day. Maybe put it in an index and let it cook for a few years.

 

[alimoalem]

i agree with all the people saying pay off your debts (if you have any) and invest the rest. you should be able to find some 5% or more accounts. i think CDs are around 4% or something but i could be wrong

 

[wasssup]

Another vote for savings. I don't understand the "american" mentality of spending what you have NOW. I buy impractical stuff all the time, but I also want to make sure I have a ton of money saved up "just in case."

 

[halik]

Originally posted by: TheOneAndOnlyNavy
WTF should i do with it?
1.Buy a house
2.Buy a truck
3.Travel
4.Buy me a wife.
5.Invest in GOLD?

Haha

ummm don't they split 10 now and 10 after you're done?

 

[Anonemous]

buy 20,000 lotto tickets or 2 renegades

 

[imported_LoKe]

Text.

 

[xSauronx]

save it. if you have 12 grand left or whatever, spending some is one thing, but save most of it so you have something to work with when your term is up.

i thought armed services members were required to take certain courses on financial responsibility....how old is the op anyway? 18?

listen to eaglekeeper and make *good* use of the money, and dont waste it.

 

[TheOneAndOnlyNavy]

So wait.... Im going to only get like 10K after taxes?? WTF
He said taxes are 27% and taht ill get some of the taxes money back at the end of the year.

 

[imported_LoKe]

Originally posted by: TheOneAndOnlyNavy
So wait.... Im going to only get like 10K after taxes?? WTF
He said taxes are 27% and taht ill get some of the taxes money back at the end of the year.

You'll be left with around $14 600.

 

[Hyudra]

GOLDDDDD

 

[Engineer]

Based on your user name, you should give it all back since it's paid by tax payers and we could all get a .0000000001% break!

(well, sound's good to me! )

 

[TheOneAndOnlyNavy]

Originally posted by: LoKe

Originally posted by: TheOneAndOnlyNavy
So wait.... Im going to only get like 10K after taxes?? WTF
He said taxes are 27% and taht ill get some of the taxes money back at the end of the year.

You'll be left with around $14 600.

would i get any of that back??

 

[narutofan36]

3

 

[imported_LoKe]

Originally posted by: TheOneAndOnlyNavy

Originally posted by: LoKe

Originally posted by: TheOneAndOnlyNavy
So wait.... Im going to only get like 10K after taxes?? WTF
He said taxes are 27% and taht ill get some of the taxes money back at the end of the year.

You'll be left with around $14 600.

would i get any of that back??

You'd get some back come income tax day. How are you ocmming up on $20k yet don't know about taxes?

 

[Jeff7]

Originally posted by: petejk
mind telling us what did you do to get teh bonus?!?!!!!??!!

Yeah really. Wow.


Buy some nice stuff maybe, then put the rest into a savings account at INGDirect.

 

[TheOneAndOnlyNavy]

I getting the bonus for joining the Navy Reserve.
So i shouldnt get taxed much right?

 

[SampSon]

20K isn't going to get you very far in real estate investing.

 

[TheOneAndOnlyNavy]

Originally posted by: SampSon
20K isn't going to get you very far in real estate investing.

******, taht will get me a down payment on a house out here in texas, where its NOTHING comapred to the house we just sold in cali for $500,000. wE JUST bought a brand new house for only $120,000 4brd 2.5bath HUGE backyard. EASILY a 750 + house in OC.

 

[SampSon]

Originally posted by: TheOneAndOnlyNavy

Originally posted by: SampSon
20K isn't going to get you very far in real estate investing.

******, taht will get me a down payment on a house out here in texas, where its NOTHING comapred to the house we just sold in cali for $500,000. wE JUST bought a brand new house for only $120,000 4brd 2.5bath HUGE backyard. EASILY a 750 + house in OC.

That would be considered a primary residence, and not an investment property.

Remember to never compare anything in southern California to the rest of the nation.