Tax Returns!

[xveganxcowboyx]

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]

Wouldn't you like to earn interest on what you've earned though?

[Halon]

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]

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]

Originally Posted by Halon

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]

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]

Originally Posted by S2kracka

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]

Originally Posted by tim

What is the stock gearing in an S2k?

4.10

[CVD]

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]

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]

Originally Posted by S2kracka

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]

Originally Posted by dsm95gsxer

Hopefully a down payment on an Evo.

you don't have time to wait for your refund

[92EvilTalon]

Depends how much the wife and I get back. All the money is going towards the house.

[chengsta]

Mines going towards a FMIC system for my spyder and whatever is left is going to stay in the bank.

[Tauni]

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]

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]

Originally Posted by Tauni

Texas doesn't pay state Taxes.........

That explains a lot actually.

[TheBlizzard]

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]

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]

Originally Posted by CVD

That explains a lot actually.

What do you mean?

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