what do you plan to do with your tax return money?

[amdskip]

ING most likely, this is my first year of having a real job, I hope to actually get a decent refund.

 

[CTrain]

Originally posted by: boomerang
Why would you get a refund?

Why would you give the government an interest free loan?

Heh, it only took like 40 posts before the tax refund police chimed in.

 

[BurnItDwn]

I will probably blow half of it on some electronics or PC hardware that I don't need, then put half towards the principal on my mortgage.

 

[CTrain]

Originally posted by: Insane3D

Originally posted by: boomerang
Why would you get a refund?

Why would you give the government an interest free loan?

Here we go...the interest free loan crap.

Yeah, because if you only get like under $1000 back, getting that spread out over the year is sooooooooooooooooooooo much better.

:roll:

Yup, lets say the average American get about $600 back.
Thats an extra $50 per month for you.
If you put that $50 into a 5% account evry month for a year you would have earned a whooping $13 for the year.
Yes, we're all drowning in debts because the governement get to earn the $13 instead of us.

If you take an average of $1000 insted of $600, thats an extra $19 for the year.

 

[PhoenixOrion]

Originally posted by: HiTek21
put it into the savings for the new car

 

[mugs]

If I get anything back it won't be much. I'll put it in the bank.

 

[JM Aggie08]

tint and alarm for my truck

 

[spidey07]

Hopefully it is only a few hundred dollars, so probably nothing.

spidey don't give de gubment an intrest free loan.

 

[thirdlegstump]

Go to Brazil, buy some girls. Niice.

 

[Engineer]

Originally posted by: spidey07
Hopefully it is only a few hundred dollars, so probably nothing.

spidey don't give de gubment an intrest free loan.

I tried not to and succeeded too well. With the HCE crap and extra 401k money coming back to me (I had no idea about it and did not plan on it), I'm doing my damnest not to pay a penalty on what I'll owe!

 

[XZeroII]

Originally posted by: CTrain

Originally posted by: Insane3D

Originally posted by: boomerang
Why would you get a refund?

Why would you give the government an interest free loan?

Here we go...the interest free loan crap.

Yeah, because if you only get like under $1000 back, getting that spread out over the year is sooooooooooooooooooooo much better.

:roll:

Yup, lets say the average American get about $600 back.
Thats an extra $50 per month for you.
If you put that $50 into a 5% account evry month for a year you would have earned a whooping $13 for the year.
Yes, we're all drowning in debts because the governement get to earn the $13 instead of us.

If you take an average of $1000 insted of $600, thats an extra $19 for the year.

If you don't want that $13, then give it to me.

I'll bank it.

 

[bowdenball]

Originally posted by: XZeroII

Originally posted by: CTrain

Originally posted by: Insane3D

Originally posted by: boomerang
Why would you get a refund?

Why would you give the government an interest free loan?

Here we go...the interest free loan crap.

Yeah, because if you only get like under $1000 back, getting that spread out over the year is sooooooooooooooooooooo much better.

:roll:

Yup, lets say the average American get about $600 back.
Thats an extra $50 per month for you.
If you put that $50 into a 5% account evry month for a year you would have earned a whooping $13 for the year.
Yes, we're all drowning in debts because the governement get to earn the $13 instead of us.

If you take an average of $1000 insted of $600, thats an extra $19 for the year.

If you don't want that $13, then give it to me.

I'll bank it.

the $13 isn't worth it to me... not by a long shot... i'd rather get back around $1200-$1400 like normal in one lump sum rather than throughout the year...i'll gladly lose $19 -$25 for that

 

[spidey07]

Originally posted by: Engineer

Originally posted by: spidey07
Hopefully it is only a few hundred dollars, so probably nothing.

spidey don't give de gubment an intrest free loan.

I tried not to and succeeded too well. With the HCE crap and extra 401k money coming back to me (I had no idea about it and did not plan on it), I'm doing my damnest not to pay a penalty on what I'll owe!

Don't cry about HCE to me buddy. I just got screwed on 401k. No match, and a cap.

 

[K1052]

In the slim chance I actually get anything back it's going into my brokerage account.

 

[randomlinh]

I just did a preliminary run through... i owe $500 I really should go see someone to figure out wtf I should be doing.

 

[Engineer]

Originally posted by: spidey07

Originally posted by: Engineer

Originally posted by: spidey07
Hopefully it is only a few hundred dollars, so probably nothing.

spidey don't give de gubment an intrest free loan.

I tried not to and succeeded too well. With the HCE crap and extra 401k money coming back to me (I had no idea about it and did not plan on it), I'm doing my damnest not to pay a penalty on what I'll owe!

Don't cry about HCE to me buddy. I just got screwed on 401k. No match, and a cap.

indeed!

 

[Engineer]

Originally posted by: randomlinh
I just did a preliminary run through... i owe $500 I really should go see someone to figure out wtf I should be doing.

There is quite a few people in the world that think you're doing it just right. As long as you don't owe over $1,000 at the end of the year (penalty threshold), you're not bad. Other opinions vary. I guess it's whether you can save the money during the year to pay the taxes or would rather the government to save your money and give some back to you.

 

[ultimatebob]

Assuming that I'm actually getting one, it's going to pay down my mortgage. I bought my condo in October, though, so I don't have a ton of interest to deduct and I'm not expecting to get much back.

I want to get that 20% equity as quickly as possible, so I can tell Genworth where to stick their PMI payments

 

[tk149]

Originally posted by: Insane3D

Originally posted by: boomerang
Why would you get a refund?

Why would you give the government an interest free loan?

Here we go...the interest free loan crap.

Yeah, because if you only get like under $1000 back, getting that spread out over the year is sooooooooooooooooooooo much better.

:roll:

$1000 @ 25% (which is what my portfolio returned this year) is nothing to sneeze at.

 

[NoShangriLa]

Pay down the mortgage principle.

 

[NoShangriLa]

Originally posted by: funboy42
Pay off my $261 property tax
Put aside $379 for another 6 months of car insurance.
Get my 2 other dogs fixed
Buy a spare bulb for our projector
If enough left Id like to have a dog run fence put up. If not enough take the family out on a much need vacation and get the fence next year.

Wow!
Where do live to have such low property tax?
Currently my property tax is just under $3500, and July 01 2007 it going to be close to $4200.

 

[Engineer]

Originally posted by: tk149

Originally posted by: Insane3D

Originally posted by: boomerang
Why would you get a refund?

Why would you give the government an interest free loan?

Here we go...the interest free loan crap.

Yeah, because if you only get like under $1000 back, getting that spread out over the year is sooooooooooooooooooooo much better.

:roll:

$1000 @ 25% (which is what my portfolio returned this year) is nothing to sneeze at.

While I agree that every penny counts, you would not get the $1,000 at the first of the year. Because it was spread out over the year, you would have gotten much less than $1,000 * .25 interest. Regardless, I too would rather have mine during the year (to a point).

 

[Insane3D]

Originally posted by: tk149

Originally posted by: Insane3D

Originally posted by: boomerang
Why would you get a refund?

Why would you give the government an interest free loan?

Here we go...the interest free loan crap.

Yeah, because if you only get like under $1000 back, getting that spread out over the year is sooooooooooooooooooooo much better.

:roll:

$1000 @ 25% (which is what my portfolio returned this year) is nothing to sneeze at.

First off, if you get $1000 over the course of the year, don't make it sound like you invested the whole thing @ 25% for the whole year. Secondly, I don't invest...period. I'd much rather have a nice little surprise at the end of the year.

I don't get why some people just can't get this simple fact through their head.

 

[Engineer]

Originally posted by: Insane3D

Originally posted by: Engineer


While I agree that every penny counts, you would not get the $1,000 at the first of the year. Because it was spread out over the year, you would have gotten much less than $1,000 * .25 interest. Regardless, I too would rather have mine during the year (to a point).
$1000 @ 25% (which is what my portfolio returned this year) is nothing to sneeze at.

First off, if you get $1000 over the course of the year, don't make it sound like you invested the whole thing @ 25% for the whole year. Secondly, I don't invest...period. I'd much rather have a nice little surprise at the end of the year.

I don't get why some people just can't get this simple fact through their head.[/quote]

That's what I said, I just typed it in the wrong spot!

 

[TangoJuliet]

a 40-46" Sony Bravia 1080p LCD TV (depending on how much of a return I get)

new windows for the house

payoff one of my credit cards

rest (if any) into savings