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xveganxcowboyx 01-11-2007 07:07 PM

Re: Tax Returns!
 
Pretty much what I figured, which is why it doesn't bother me.

Tax returns are just my lazy savings account and ends up being "fun" money. I'll spend it on luxury items whether I get it on time or not. I'm happy either way.

Kracka 01-11-2007 07:10 PM

Re: Tax Returns!
 
Wouldn't you like to earn interest on what you've earned though?

Halon 01-11-2007 07:16 PM

Re: Tax Returns!
 
Not this argument again. We had it last year. I claim 0 for a high tax return also. Why? Because I guarantee I would not put that extra $5 into savings. It would end up going to Mr Ronald McDonald more then likely. Come this time, I would have maybe saved $15 of it. That's the simple truth. Instead, they take a little extra out, I never see it, I live without it, then come the end of the year, it's a nice little bonus.

Different strokes for different folks.

Free Egg 01-11-2007 07:28 PM

Re: Tax Returns!
 
I agree with S2kracka 100%. If you watch your money and budget yourself the little bit extra won't be spent each week and you'll earn some interest. Even if its small its better than letting Uncle Sam make sure you don't earn any return on it.

xveganxcowboyx 01-11-2007 07:35 PM

Re: Tax Returns!
 
Quote:

Originally Posted by Halon (Post 173866)
Not this argument again. We had it last year. I claim 0 for a high tax return also. Why? Because I guarantee I would not put that extra $5 into savings. It would end up going to Mr Ronald McDonald more then likely. Come this time, I would have maybe saved $15 of it. That's the simple truth. Instead, they take a little extra out, I never see it, I live without it, then come the end of the year, it's a nice little bonus.

Different strokes for different folks.



^^^What he said.

Kracka 01-11-2007 07:55 PM

Re: Tax Returns!
 
So just because you got an extra $5 on your paycheck you'd hit McD's one extra time? Unless someone is living paycheck-to-paycheck and has a serious spending problem then there is no reason to want a large return IMO. To each their own though, not my money.

tim 01-11-2007 08:10 PM

Re: Tax Returns!
 
Quote:

Originally Posted by S2kracka (Post 173828)
Probably just toss whatever I get back into my savings (probably won't be much since I try and work things out so I am giving the government a free loan). I plan on selling my motorcycle come spring so I may take some of that money to buy new gears for the S2k (4.56 gears for the rear-end).

What is the stock gearing in an S2k?

I will probably just use my tax returns for bills.

Kracka 01-11-2007 08:12 PM

Re: Tax Returns!
 
Quote:

Originally Posted by tim (Post 173873)
What is the stock gearing in an S2k?

4.10

CVD 01-11-2007 08:20 PM

Re: Tax Returns!
 
I also dont eff with my taxes too much. As long as I make enough money to do the things I want to do, I'm happy. 10-15% goes to retirement, but other than that im pretty lazy with my money.

98gstaherns 01-11-2007 08:35 PM

Re: Tax Returns!
 
When do they have to be filed by? April? Cause I'm gonna be in boot camp till march.. Well when i get mine back hopefully it will go towards a engine build.

Halon 01-11-2007 08:51 PM

Re: Tax Returns!
 
Quote:

Originally Posted by S2kracka (Post 173869)
So just because you got an extra $5 on your paycheck you'd hit McD's one extra time? Unless someone is living paycheck-to-paycheck and has a serious spending problem then there is no reason to want a large return IMO. To each their own though, not my money.

It was just a figure of speech. Not all of it will go to McDonalds of course. But it will probably get spent, because I will not really notice $5 a paycheck. The responsible thing, would be to do what you said, invest it. But, I'm being honest when I say that $5 would not get invested. It would sit in my checking account probably and go unnoticed, or get spent on something small. Instead, I just choose to claim 0, I don't notice the $5 a paycheck extra they take out. I live off what I make, and by no means live paycheck to paycheck. I live comfortably with what I have, and I invest $50/week currently. I could just claim 1, and start investing $55/week, but I don't. Call me irresponsible or whatever you want. After spending all the money I did over the December Holidays, I enjoy receiving a nice check in the mail a month later.

Again, different strokes for different folks.

9guy9 01-12-2007 02:02 AM

Re: Tax Returns!
 
Quote:

Originally Posted by dsm95gsxer (Post 173816)
Hopefully a down payment on an Evo.

you don't have time to wait for your refund:D

92EvilTalon 01-12-2007 08:57 AM

Re: Tax Returns!
 
Depends how much the wife and I get back. All the money is going towards the house.

chengsta 01-12-2007 11:45 AM

Re: Tax Returns!
 
Mines going towards a FMIC system for my spyder :D and whatever is left is going to stay in the bank.

Tauni 01-12-2007 11:00 PM

Re: Tax Returns!
 
Texas doesn't pay state Taxes.........


FUCK!

Actually it won't be that bad, I was just thinking between state and federal it was going to be more than $300.... Good thing I still have Domino's :) Last year they treated me quite well.

Kevin 1G Drummer 01-12-2007 11:19 PM

Re: Tax Returns!
 
I'll probably save mine till I get enough for some new rims for the 240. I'm thinking 18x9 front, and 18x10's in the back. just gotta figure out what offest and tire size will fit without rolling fenders and quarters too much.

CVD 01-13-2007 02:27 AM

Re: Tax Returns!
 
Quote:

Originally Posted by Tauni (Post 174022)
Texas doesn't pay state Taxes.........

That explains a lot actually.

TheBlizzard 01-13-2007 08:10 PM

Re: Tax Returns!
 
Im saving mine until spring then putting it all down on my new crotch rocket. I might save some to pay for funeral expenses also.

Jana 01-13-2007 08:22 PM

Re: Tax Returns!
 
I have no idea what mine will be this year. I claimed more because last year I got nearly $1K back from Federal. I really don't want Uncle Sam having my money for a year. The guy who does mine think I'll end up owing, which I hope I don't. I hope I've cut it pretty close.

Tauni 01-13-2007 09:08 PM

Re: Tax Returns!
 
Quote:

Originally Posted by CVD (Post 174047)
That explains a lot actually.

What do you mean?

I just got all this tax stuff explained to me last night by Brandon.


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