Just Finished my Taxes........

**FSANE** · 03-11-2008, 08:45 AM

Originally Posted by FasstChevys

I make it so that I have to pay in every year. Why would I want them to make interest on my money all year long???? There's the misconception that getting a BIG tax return is a good thing. Well, it is a good thing, for the government.

Thats the way I see it. I put my own money away for savings. I have THREE different retirement funds (two separate 403b funds and my own mutual funds). I like getting my own money back from the Gov, because all at onces and if I have any CC debs that I need to pay off or any mods I want to do on the car is DONE.

The reason why I over pay the taxes is because living in NY is expensive. Specially if you own a house.

**Justin23454** · 03-11-2008, 09:20 AM

well, I cant save for shit, so if they keep some of my money and give it back to me thats good for me, cuz I wont let it just sit in my savings account. If I have money to spend, I get things for my car, probly shouldnt... but I cant help it.

**SiggyZ** · 03-11-2008, 09:30 AM

I dunno yet. I haven't filed.

**jrc1122** · 03-11-2008, 09:54 AM

I got back just over $4K-- (not counting the Government Band-aid on economic troubles known as the IRS rebate checks that is coming)--

It is not really good to let the government have a free loan, but at the same time, unless you "would have saved" the money, then really it isn't that bad.

Jan 2009- I plan to change it- so I get more money each month in my check- and my ultimate goal is to break even when I do my taxes in Feb 2010.

**Mr. Luos** · 03-11-2008, 01:02 PM

Originally Posted by Jays00ss

Lucky, New shocks on the way?

Ordered by the end of the week.
Need that axle bearing as well. But that isn't nearly as much $$.

Most of it was Sara, and Julie's school write-offs.
Sara's medical bills helped.

**ss~zoso~ss** · 03-11-2008, 01:15 PM

i got -220$ back

(that means i payed 220)

**nuttyprofessor** · 03-11-2008, 04:21 PM

only getting 4500 back....once you make over 150k (combined income) a yr they really aren't very lenient to you...although in the northeast 150k a yr is lower middle class......bordering on poverty

then there that nice $1200 IRS rebate as a payout for our president's royal screwing of this country and all the jobs (should buy my suspension mods though)

**Nhra Firebird** · 03-11-2008, 04:28 PM

Originally Posted by nuttyprofessor

only getting 4500 back....once you make over 150k (combined income) a yr they really aren't very lenient to you...although in the northeast 150k a yr is lower middle class......bordering on poverty

then there that nice $1200 IRS rebate as a payout for our president's royal screwing of this country and all the jobs (should buy my suspension mods though)

I thought if you made over 150k a year combined you didn't get the rebate

**dlmeadows** · 03-11-2008, 04:51 PM

I'm paying in $1,140

**86 IROC-Z** · 03-11-2008, 04:55 PM

Do you need to pay taxes to get a tax return?

If so, I get nothing.

**LS2 KLR** · 03-11-2008, 05:05 PM

got back alittle over $9k

**gonzo99ta** · 03-11-2008, 05:07 PM

still need to file but i'm guessing i'll get back about $5K. ended up with more deductions than i thought i would have.

Originally Posted by nuttyprofessor

only getting 4500 back....once you make over 150k (combined income) a yr they really aren't very lenient to you...although in the northeast 150k a yr is lower middle class......bordering on poverty

then there that nice $1200 IRS rebate as a payout for our president's royal screwing of this country and all the jobs (should buy my suspension mods though)

$150K a year is bordering on poverty...?

you must have a lot of "ESSENTIALS" in your life.

**86 IROC-Z** · 03-11-2008, 05:11 PM

Originally Posted by gonzo99ta

$150K a year is bordering on poverty...?

It wouldn't surprise me... Real estate sucks up north.

**Nhra Firebird** · 03-11-2008, 05:18 PM

Originally Posted by gonzo99ta

still need to file but i'm guessing i'll get back about $5K. ended up with more deductions than i thought i would have.

$150K a year is bordering on poverty...?

you must have a lot of "ESSENTIALS" in your life.

depends... cost of living can really go up in some of the bigger cities... you can pay 2 grand or more a month just for a small apartment, but your still not going to be eating Ramen Noodles making 150k

**gonzo99ta** · 03-11-2008, 07:00 PM

i live in CA i know all about cost of living...

Also grew up in the philly area, so i'm familiar with cost of northeast too.

not that hard to live comfortable on $150K if you stick to true "essentials"

i'm actually looking to purchase another property in bucks county if i can get the numbers right.

**pecha** · 03-11-2008, 09:22 PM

hey fsane:

I'm probably gonna end up owing, like every year

**bandit95** · 03-12-2008, 05:55 AM

gettin 294 back. sucks cause i had unemployment for awhile and that took away everything i was getting.

**TN94z** · 03-13-2008, 08:19 AM

Originally Posted by Jays00ss

between my wife and I we got back $269. and owe $159 to state. I tell you what you get in to the 100K tax bracket and they shove it in your Ass.

When I was married, my wife and I were making well over 100k per year and we always got back at least 2k.

**TN94z** · 03-13-2008, 08:20 AM

Originally Posted by splitfinger09

very smart you are. to many people think there doing really well if they get a huge return at the end of the year. people its your money to start with, why not have it in the bank earning interest...

The problem is that most people won't put that extra money in savings during the year. They will blow it like it is just extra money. At least this way, it comes back in a big lump sum and that makes them think of what they can pay off with that big lump sum.

Oh and I got back 3200+ this year plus the extra that the government will be mailing out in June. Going to school outside of working and having this big ole house mortgage by myself really pays off!!

**adam3566** · 03-13-2008, 09:40 AM

Getting back 1182 total. Glad to see it's not any higher because I hate letting the government use my money for free for a year. I think it's hilarious when people are excited about a 5k+ return. Think about it. You put that money into even a high interest savings bank. You are looking at 4.5-5% interest or if you have a 401k dump more of your earnings into that. Just a thought for some.