Money in the bank!

[HydroSqueegee]

Just finished my taxes and will be getting almost everything i paid in back! woo!

 

[brianmanahan]

50$?

 

[jingramm]

1. how?
2. how much?

 

[FoBoT]

don't you think you should pay your fair share

 

[bobdole369]

You enjoy giving the government an interest-free loan?

 

[HydroSqueegee]

You enjoy giving the government an interest-free loan?

i really want to kick people in the nuts when they get all smug and say this.

 

[HydroSqueegee]

don't you think you should pay your fair share

i did

 

[HydroSqueegee]

1. how?
2. how much?

1. Deductions and Dependents
2. 12% of my AGI. a cool 4 figures. woo!

 

[Bignate603]

While getting it all back is nice I prefer making enough money that I actually have to pay taxes.

 

[HydroSqueegee]

ohhh the plans i have for this pile of dosh. i can pay off the kids bunk bed, my TV, the new washer and dryer and still have a nice chunk in the bank.

god i love same as cash 0% for X months promotions

just need to hope nothing else in this house breaks

 

[Nebor]

ohhh the plans i have for this pile of dosh. i can pay off the kids bunk bed, my TV, the new washer and dryer and still have a nice chunk in the bank.

god i love same as cash 0% for X months promotions

just need to hope nothing else in this house breaks

This won't go well for you.

 

[bobdole369]

i really want to kick people in the nuts when they get all smug and say this.

I don't understand why you would do that is all. Adjust your withholding so you don't overpay - you get to enjoy your money immediately.

 

[brianmanahan]

I don't understand why you would do that is all. Adjust your withholding so you don't overpay - you get to enjoy your money immediately.

you cant explain this to people who dont understand math or economics

believe me, ive tried

 

[CPA]

i really want to kick people in the nuts when they get all smug and say this.

It's not smug. You are a poor financial planner. Stop giving them your money.

 

[CPA]

ohhh the plans i have for this pile of dosh. i can pay off the kids bunk bed, my TV, the new washer and dryer and still have a nice chunk in the bank.

god i love same as cash 0% for X months promotions

just need to hope nothing else in this house breaks

So, instead of paying with cash (by not overpaying your taxes throughout the year), you took out risky loans. Play with snakes and you will eventually get bitten.

 

[HendrixFan]

You enjoy giving the government an interest-free loan?

It isn't like you can earn any reasonable amount of interest income these days. The govt is holding rates at 0% so people don't hold onto money, so this is the environment to go out and spend.

 

[dquan97]

I claimed exempt and still get money back 🙂

 

[LiuKangBakinPie]

You get a title shot any time you want.

 

[HydroSqueegee]

This won't go well for you.

Been working well so far. had to replace damn near every appliance in this house... in fact... everything has been replaced. Furnace, AC, Dishwasher, Hot water heater, washer/dryer. that shit aint cheep.

 

[HydroSqueegee]

So, instead of paying with cash (by not overpaying your taxes throughout the year), you took out risky loans. Play with snakes and you will eventually get bitten.

well when something breaks, and you dont have the cash, i have no problem going out and getting 6 months same as cash. I learned my hard lesson in my early to mid 20's about fiscal responsibility. Paid off all my credit card debt a few years back and havent had one since.

Not everyone on ATOT is a millionare. sheesh.

 

[HydroSqueegee]

you cant explain this to people who dont understand math or economics

believe me, ive tried

You can look down your nose at me all you want, some people just dont care. I like getting the fat wad back in March and sitting on it for the rest of the year. Trying to nickel and dime every dollar i can from the man isnt my priority. Ive got a lot of other things id rather do with my time and energy. Money isnt everything to some people.

 

[edro]

i really want to kick people in the nuts when they get all smug and say this.

I agree.

Unless you are a financial genius, you cannot predict your exact tax situation for the next year.
It is better to have a small refund than a tax bill.

How much interest are you earning on that tax refund anyway? <$10???

 

[DrPizza]

I agree.

Unless you are a financial genius, you cannot predict your exact tax situation for the next year.
It is better to have a small refund than a tax bill.

How much interest are you earning on that tax refund anyway? <$10???

On a $10k return, over the course of the year, you average having overpaid by about $5000. Well, since you don't get it back, usually until at least February or later, we'll say the average is $6000 overpaid. Let's see... how much interest are banks paying these days? Even at 2% (you're dreaming), that's all of $120 in interest you miss out on. And to the "you have that money to spend sooner" person - ahhh, living paycheck to paycheck, huh? Spend it as soon as you get it?

 

[Xcobra]

You can look down your nose at me all you want, some people just dont care. I like getting the fat wad back in March and sitting on it for the rest of the year. Trying to nickel and dime every dollar i can from the man isnt my priority. Ive got a lot of other things id rather do with my time and energy. Money isnt everything to some people.

Sigh...:\

 

[snoopdoug1]

get the taker!