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#902721 - 02/11/08 05:07 PM
Re: Taxes - do you owe or not?
°X°
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10K Club
Joined: Sep 2006
Posts: 13,244
Stuck w/Avatar
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X, are you kidding?
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It's called a nap, Susan Lucci!
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#902723 - 02/11/08 05:09 PM
Re: Taxes - do you owe or not?
°X°
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Power Poster
Joined: Apr 2007
Posts: 2,649
The Land of Tax Free Shopping!
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I did my taxes last night...I'm getting a decent refund, but that's because I use it like a savings account; I don't list any dependents. That's very odd, for a banker. Why not claim dependents and put the extra funds in a savings account during the fiscal year? Probably because I'm pretty odd for a banker...Good luck with that $20k.
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#902731 - 02/11/08 05:20 PM
Re: Taxes - do you owe or not?
°X°
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Power Poster
Joined: May 2007
Posts: 4,195
Basking in the Cool Weather
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thats what you get for not reporting all of that income you earned as Londo Mollari from Babylon 5 at comic conn...
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I'll be in the hospital bar. Uh, you know there isn't a hospital bar, Mother. Well, this is why people hate hospitals.
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#902741 - 02/11/08 05:35 PM
Re: Taxes - do you owe or not?
FBH
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Power Poster
Joined: Aug 2003
Posts: 7,332
WOOHOO
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I did my taxes last night...I'm getting a decent refund, but that's because I use it like a savings account; I don't list any dependents. That's very odd, for a banker. Why not claim dependents and put the extra funds in a savings account during the fiscal year? Probably because I'm pretty odd for a banker...Good luck with that $20k. That's what I thought, too. I just love it when my suspicions are confirmed.
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#902750 - 02/11/08 05:49 PM
Re: Taxes - do you owe or not?
°X°
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Power Poster
Joined: Apr 2007
Posts: 2,649
The Land of Tax Free Shopping!
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Wanna loan, X? You wouldn't have to pay it if you didn't make it... No loan, I've got the funds to pay - unlike the hen, I save during the year to pay at tax time, versus giving money the the government and getting some back with no interest. Actually, those that owe a reasonable amount are the smart ones with those that get a refund, well - they are not the smart ones. I just know I'd spend it if I got it in little increments every month. Since I already have 401(k), ESPP, and some other investments, my refund is usually for travel. I get it all at once, plan a few vacations, and have fun. I don't know how smart it is, but today, it works for me.
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Caveat Lector! The opinions expressed in this post are those of FBH and no other, not even my employer!
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#902763 - 02/11/08 06:03 PM
Re: Taxes - do you owe or not?
FBH
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10K Club
Joined: Oct 2006
Posts: 14,390
Cheeseheadland
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... but today, it works for me. That is all that matters.
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I don't repeat gossip, so listen closely...
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#902764 - 02/11/08 06:04 PM
Re: Taxes - do you owe or not?
FBH
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Platinum Poster
Joined: May 2005
Posts: 546
Midwest
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Me, too, Hen. I contribute mightily to my 401K, have a Roth and a traditional IRA, a savings account, and some mutual and stock funds. I use my refund ($3,000 this year) for vacation --- this year I'm taking 2 vacations ---- to Florida and an Alaskan cruise.
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#902770 - 02/11/08 06:12 PM
Re: Taxes - do you owe or not?
°X°
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Power Poster
Joined: Nov 2004
Posts: 3,275
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they already took more than a reasonable amount! anything else that I owe now is very unreasonable!
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Nobody's perfect, not even a perfect stranger.
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#902803 - 02/11/08 06:55 PM
Re: Taxes - do you owe or not?
FBH
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Power Poster
Joined: Aug 2003
Posts: 7,332
WOOHOO
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Wanna loan, X? You wouldn't have to pay it if you didn't make it... No loan, I've got the funds to pay - unlike the hen, I save during the year to pay at tax time, versus giving money the the government and getting some back with no interest. Actually, those that owe a reasonable amount are the smart ones with those that get a refund, well - they are not the smart ones. I just know I'd spend it if I got it in little increments every month. Since I already have 401(k), ESPP, and some other investments, my refund is usually for travel. I get it all at once, plan a few vacations, and have fun. I don't know how smart it is, but today, it works for me. So, you lack discipline when it comes to saving for vacations, etc. right? No wonder the government keeps coming up with new programs, you require them due to your lack of discipline like so many others. Why on earth would you give funds to the government, interest free, if that is not the case? On the other hand, perhaps you are being smart in that if Hillary or Obama get into office as POTUS they will need the extra funds for programs; you know a redistribute of wealth so it’s good that you’ve arranged to provide it up front. As for your vacations, they will be the first to go as others that are less fortunate will be going, not you, starting next year. Also, you probably should go with Single and an extra $200 per pay period to assure that sufficient funds are available for government programs in 2009 and beyond.
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#902808 - 02/11/08 06:58 PM
Re: Taxes - do you owe or not?
Pepper's Sister
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Power Poster
Joined: Aug 2003
Posts: 7,332
WOOHOO
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Me, too, Hen. I contribute mightily to my 401K, have a Roth and a traditional IRA, a savings account, and some mutual and stock funds. I use my refund ($3,000 this year) for vacation --- this year I'm taking 2 vacations ---- to Florida and an Alaskan cruise. Enjoy those vacations, Sister, it's the last year for stuff like that - kiss your refunds goodbye when Hillary or Obama take over, but as you sit at home, think of all the stuff that the poor and lame will be able to purchase, plus vacations and health insurance in your name - but as always, it's better to give than receive! Hopefully, you will be able to afford the travel channel.
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#902813 - 02/11/08 07:06 PM
Re: Taxes - do you owe or not?
rainman
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Power Poster
Joined: Aug 2003
Posts: 7,332
WOOHOO
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they already took more than a reasonable amount! anything else that I owe now is very unreasonable! Now, that's a very bad attitude, rainman. PM your address and I'll put you in contact with Hillary or Obama people - exactly what about "it takes a village" don't you understand? You need to get with the redistribution of wealth money train program! Oh, it will stop at your house, but only to load up, no deliveries, no refunds as it appears that you've been way too personally responsible. Tone it down and perhaps there will be government program in your future.
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#902818 - 02/11/08 07:13 PM
Re: Taxes - do you owe or not?
°X°
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Power Poster
Joined: Dec 2000
Posts: 3,455
The Pennant Race
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Normally, I am writing a small check to Uncle, and getting that amount back (roughly) from the State. This year, however, with moving expenses and relocation payments that were grossed up for federal purposes, we are getting a subtantial refund.
Good thing, because my sump pump went out last week, and I am now paying through the nose to install new equipment and dry my basement.
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The opinions expressed here are personal and do not represent opinions of my employer.
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#902851 - 02/11/08 08:06 PM
Re: Taxes - do you owe or not?
Mrs. Rizzo
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100 Club
Joined: Oct 2006
Posts: 123
Texas
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We anticipate a small Fed refund (we don't like to lend our money to Uncle Sam) and since we live in Texas- no State filing required.
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