What was your largest Tax Refund/Amount Owed!?

[1fastcamarosss11]

you never get it all back.

[gwballin]

i don't mean to turn this political...but how is it that america can afford to return all this money when we are in a war and building up a debt for that? Wouldn't it make more sense for the gov to keep all that money and put it into the economy?

Honestly, i'm comepletely ignorant to the whole system, so if someone would politely educate me, i would appreciate it

It is not the government's money to keep. They write the laws as to rates, brackets, what is and what is not taxable, etc. then we determine our liability based on their laws.

If you overpaid thru withholding (or estimated tax payments) you get a refund. If you did not pay enough you owe more money.

If they want additional revenue it is within their power to make that happen, but you can't change the rules in the middle of the game and not expect a backlash.

[Sarge]

Well....lets just say I never loan The Guvment money. So I pay over 6 figures every year Oh well....cant hide it all now can you

[Trouble maker]

i remmeber when this question got posted last year, sarge responded with:

"i pay more in taxes then you make in a year"

yeah...and I challenged him to post up some W2 evidence..but never came through...I think he is still blowin some smoke up are skivvies...lol!!

[Trouble maker]

just yankin your nads SARGE.....lol...

[bmyers]

Well....lets just say I never loan The Guvment money. So I pay over 6 figures every year Oh well....cant hide it all now can you

whats your occupation sarge?

[OSU Buckeyes]

I'll get about 4k and my gf got like 4.2k. Her's is hers and mine is mine. Gonna buy a new gun that's for sure.

[Mr. Luos]

Me alone....$1800

[GatorSS]

i don't mean to turn this political...but how is it that america can afford to return all this money when we are in a war and building up a debt for that? Wouldn't it make more sense for the gov to keep all that money and put it into the economy?

Honestly, i'm comepletely ignorant to the whole system, so if someone would politely educate me, i would appreciate it

The best way to "put it into the economy" is to put it in the hands of the taxpayers. Taxpayers are the economy. It is far better in your hands than in the government's hands. The least efficient way to put money into the economy is for it to run through government bureaucracy. Government is the problem, not the solution.

I pay enough to the government....not going to mention numbers because it is probably much more than all of you earn each year (except for Sarge). I try to estimate it to where when it comes time to file, I owe no more nor receive any refund. That's a perfect tax return.

[Pulse Red GTO]

Well as of Taxact.com, looks like me & the wife will be getting a whopping $751 back this year!!! Thanks for the tuition I paid, or I would be owing $150!!!! I wish I was getting more back, but guess it is better than paying them!

[Sarge]

whats your occupation sarge?

I own technology and insurance comapnies. Not because I'm smart. Just born at the right time and real fucking lucky.

[Trouble maker]

tax guy brought us some good news..$5903.00 back this year yeah.....!!

[00ws6m6]

i owe i owe so off to work i go!!!!!!!!!!!!!!!!!!!!!!!!!!