So i know there is a Topic that were talking about what were gonna do with our return checks from our lovely government and states.

BUT

what about the people who are getting BONED by either the state or gov!?

i did my returns today and got a whopping

EIGHT DOLLARS from the Fed
and i
OWE

88 dollars to the wonderful state of michigan.

now i pay my taxes and such but now in the winter the roads r terrible there not getting plowed they have grand canyon size holes in them and its just not fair!

but what i really dont get is in california i heard there giving you IOU checks!??
now if we didnt have the money and sent the state or fed a piece of paper saying, "oh well i dont really have the money now ill get back to you later on that one"
its not alright and well get put in jail! but for them its ok to do that?

so ive been rambling off but back to the topic!?
anyone else have to PAY instead of Receiving?

I'm anticipating several hundred from the feds... it's going to the credit card company. Haha.

i owe 1500 since i havent payed any thing yet this year

i always owe on my state tax :( just get decent amount back from fed

1500!?

i should be getting quite a bit back since i payed 8901.57 in taxes this year, which accounts for 21% of what i make...

i dont pay all year round so i get hit hard at the end

At least you guys don't get IOU's :).

tell me about that!!!! i wanna know

californa i.o.u.'s ftl

^x2

Statistics say California will be completely broke in 1 month and they might have to issue the state of california IOU's because of the lack of money. LOL!

Not Lol I take that back. THAT COULD BE BOOSTING MONEY FOR ME WTF!!

i only put in 4k this year im hopeing to get atleast half that back but its all paying my credit cards off so i can try and get a house there selling house's here dirt cheap brand new 3/2/2 for 45k its nuts

WHAT?! 45k FOR A HOUSE???

Last year I got boned since I did a contract job and didn't know anything about what to do and what not to do. This year I hope I don't have to pay as much as I did last year :(

I thought Cali doing the IOU's was just an idea and not a for sure thing.

theres some places where they're selling houses for a 1000 dollars in the bad neighborhoods

It is an idea, but by the looks of it, we really dont know what to expect. They just keep saying we're going broke in a month. It's very believable actually haha.

What the eff. I wanna move out there now. I'll sell my supercharger and get a house instead! hahaha.

I'm planning on moving to Missouri by June, hopefully sooner.

Florida you have to deal with HUGE cockroaches, awful humidity, alligators (depending where you live), and horribly slow streets ;p

I should be getting a fairly large return this year. Buying a house, and the wife and I purposely withholding more than we should specifically to get a large return = $$$

I know it's a bad financial strategy, but any money we have, we spend, so it's kind of our "forced" savings. Should leave a pretty large chunk of money to pay of some credit cards, season tickets for the Blackhawks, throw some money into savings....and hopefully a nice new AVIC something or other for the tC.

haha chels ds ya moving to missouri ehh...well the humidity in the mo is pretty crappy the drivers are also pretty bad and the snow days are crazy sometimes...i also plan on moving back to kc,mo its so much cheaper . not sure what part of mo you are going to but if its in the kc area just make sure you stay away from the independence and paseo area look more into north town ..

Planning on being west of STL :)

Humidity, oh well, can't be as bad as Florida lol. Drivers in the area where I visited seemed just fine compared to out here. Yea.. sorta scared about the snow/ice factor when driving but... I figure I'll be moving in Spring/Summer so I won't have to worry about it lol.

I should be getting a fairly large return this year. Buying a house, and the wife and I purposely withholding more than we should specifically to get a large return = $$$

I know it's a bad financial strategy, but any money we have, we spend, so it's kind of our "forced" savings. Should leave a pretty large chunk of money to pay of some credit cards, season tickets for the Blackhawks, throw some money into savings....and hopefully a nice new AVIC something or other for the tC.

Actually, this isn't a bad idea at all. You get the benefits of KNOWING you'll never see a crazy tax bill, and you'll get an unplanned short-term infusion of cash to hopefully pay down high-interest revolving debt. It's the equivalent of sending XXX dollars to savings every month, with the discipline to tap into it only once per year.

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Everyone's a democrat until they start making money and paying taxes.

I should be getting a fairly large return this year. Buying a house, and the wife and I purposely withholding more than we should specifically to get a large return = $$$

I know it's a bad financial strategy, but any money we have, we spend, so it's kind of our "forced" savings. Should leave a pretty large chunk of money to pay of some credit cards, season tickets for the Blackhawks, throw some money into savings....and hopefully a nice new AVIC something or other for the tC.

Actually, this isn't a bad idea at all. You get the benefits of KNOWING you'll never see a crazy tax bill, and you'll get an unplanned short-term infusion of cash to hopefully pay down high-interest revolving debt. It's the equivalent of sending XXX dollars to savings every month, with the discipline to tap into it only once per year.

---

Everyone's a democrat until they start making money and paying taxes.

By bad financial strategy, I was referring to that once you get situated in life (ie can calculate pretty close to what your taxes are going to be), you should be able to get within a couple hundred bucks - / +.

The bad part is that by me getting a big return, I essentially gave the government an interest free loan for the entire year. Figure I'll be getting around a 10k return, I could have invested that money (though not the best year for it) and easily seen a 5% return on it.

Unfortunately, I'm not settled yet, so my taxes jump everywhere year to year.

By bad financial strategy, I was referring to that once you get situated in life (ie can calculate pretty close to what your taxes are going to be), you should be able to get within a couple hundred bucks - / +.

The bad part is that by me getting a big return, I essentially gave the government an interest free loan for the entire year. Figure I'll be getting around a 10k return, I could have invested that money (though not the best year for it) and easily seen a 5% return on it.

Unfortunately, I'm not settled yet, so my taxes jump everywhere year to year.

Wow... I had no idea you were talking those kinds of numbers. I would advocate paying $100 or $200 per month more than what is estimated, not $800 or $1000.

However, if your final amount of return each year is $10k, then your average amount of money is approx. $5k, then you're only looking at losing about $250 per year. Sure, it's very rough estimate, but good enough for illustrative purposes.

BTW- if you can afford to put $800 per month towards the government (essentially nothing).... why are you driving a scion? :D ...


.... I cant wait until actually make money... it'll be nice...

Wow... I had no idea you were talking those kinds of numbers. I would advocate paying $100 or $200 per month more than what is estimated, not $800 or $1000.

However, if your final amount of return each year is $10k, then your average amount of money is approx. $5k, then you're only looking at losing about $250 per year. Sure, it's very rough estimate, but good enough for illustrative purposes.

BTW- if you can afford to put $800 per month towards the government (essentially nothing).... why are you driving a scion? :D ...


.... I cant wait until actually make money... it'll be nice...

Well, usually I wouldn't be paying nearly that much extra to the government, but buying a new house and paying a ton of interest throughout the year, plus getting married and not really messing my wife and I's withholdings = large return.

I usually aim for the $1500-2000 mark for a return, but yeah, I didn't really mess with it this year as the large return could really help.

And as far as why a Scion. It's just for a few years. Needed to pay for a wedding, put a down payment on the house, furnish the new house, buy the wife a car (within the next few weeks...probably 2005 BMW 330. Sucks they made the new body style so ugly), pay off some college debt (bar tabs add up quick), etc. Probably once the Scion is paid off (2.5 years at minimum payments), I'll upgrade to something else (Sti or Evo I'm guessing, but depends on if I have kids or not).

no state taxes here in texas!!...

so im getting around 1200-1500 back...

I'll be getting just over a grand back for FED and that is after paying $0 in all year. However my state is horrible. I paied around $1600 to state and only getting $49 back and the kicker is i paid $52 to file my state taxes, so I take a $3 loss just to send it in.