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-   Insert BS here (https://www.nopistons.com/insert-bs-here-12/)
-   -   Tax Refund (https://www.nopistons.com/insert-bs-here-12/tax-refund-13948/)

Baldy 03-17-2003 08:07 AM

since I know none of you in person, I don't mind telling you how much I'm getting back...



over $4,600!! woo hoo!!! time to pay off the motorcycle!



(there's a reason, though...)

DJ Rotor 03-17-2003 08:15 AM

Lucky dog. I thought I was doing well at $535!



J

Baldy 03-17-2003 08:29 AM

it's because I made $17,xxx during the year, claim head of household, have a wife with no job, a son, and I go to school...I think that's why, I had someone else do my taxes https://www.nopistons.com/forums/pub...1047683561.gif

UniqueTII 03-17-2003 09:13 AM

I got back $4xx and only paid in $100....I was dirt poor last year. https://www.nopistons.com/forums/pub...DIR#>/wink.png

Sinful7 03-17-2003 09:17 AM

I think I owe $133.. Looks like I'm the odd man out here.

Baldy 03-17-2003 09:38 AM

I remember reading in one of my Personal Finance books about how many millions (or billions?) are lost in interest from the government taking money during the year then giving it back, minus interest...kinda makes you think...



So if you end up paying money, from the interest perspective, the government is actually losing money in interest while you're holding that money for the year.



I'm gonna stop before I confuse myself.

UniqueTII 03-17-2003 10:07 AM

It's not really a loss, though...more like opportunity cost. Take that, gov't! j/k

Tom93R1 03-17-2003 10:13 AM


Originally Posted by Baldy' date='Mar 17 2003, 07:38 AM
I remember reading in one of my Personal Finance books about how many millions (or billions?) are lost in interest from the government taking money during the year then giving it back, minus interest...kinda makes you think...



So if you end up paying money, from the interest perspective, the government is actually losing money in interest while you're holding that money for the year.



I'm gonna stop before I confuse myself.

If that is the case then I am making out like a bandit, I owe $1400 between state and federal. I usually come pretty close to breaking even but this year my checks got all screwed up when the company I work for was bought out.

ROTARYROCKET7 03-17-2003 10:14 AM

i aint getting back **** lol

Baldy 03-17-2003 11:06 AM

man, I'm glad I don't have state income tax, that sounds like it just sucks

j9fd3s 03-17-2003 11:08 AM

dont be an independant contractor, it hurts at the end of the year



mike

Ben93rx7 03-17-2003 11:13 AM


Originally Posted by Tom93R1' date='Mar 17 2003, 08:13 AM
[quote name='Baldy' date='Mar 17 2003, 07:38 AM'] I remember reading in one of my Personal Finance books about how many millions (or billions?) are lost in interest from the government taking money during the year then giving it back, minus interest...kinda makes you think...



So if you end up paying money, from the interest perspective, the government is actually losing money in interest while you're holding that money for the year.



I'm gonna stop before I confuse myself.

If that is the case then I am making out like a bandit, I owe $1400 between state and federal. I usually come pretty close to breaking even but this year my checks got all screwed up when the company I work for was bought out. [/quote]

Yep.... learned bout this in finance the other day. If you owe, according to the present value of money, you could have invested the money and YOU earned interest on it, instead of the government....



If you get a refund, the GOVERNMENT was making money on interest cause they were holding your money, instead of you.



Only thing is though if you dont plan on owing, it sucks...... cause then you are just thinkin bout how much money you have to scrounge up to pay uncle sam

Ben93rx7 03-17-2003 11:14 AM

Oh yeah, and to answer the question I get back bout $350 from the fed and havent done state yet, but guessing another $50-100 there

r0t0r-rooter 03-17-2003 11:29 AM

I think we need to start a Church of the Rotor or something..... declare ourselves a religion and pay no taxes

j9fd3s 03-17-2003 11:33 AM


Originally Posted by r0t0r-rooter' date='Mar 17 2003, 09:29 AM
I think we need to start a Church of the Rotor or something..... declare ourselves a religion and pay no taxes

yeah martinism



mike

DJ Rotor 03-17-2003 12:21 PM


Originally Posted by r0t0r-rooter' date='Mar 17 2003, 09:29 AM
I think we need to start a Church of the Rotor or something..... declare ourselves a religion and pay no taxes

This is a wise plan.



Judge Ito can be the High Priest. https://www.nopistons.com/forums/pub...#>/BURNOUT.gif



J

j9fd3s 03-17-2003 03:03 PM

we will all worship phinsup as he hath bought us the beer of wisdom!



mike

TYSON 03-17-2003 03:16 PM

HMMM, this reminds me I better get the software and get to it. I'm expecting a good refund this year, because we get a refund if more than a certain percentage of your gross was spent on rent. My rent was HUGE last year.

turbovr6 03-17-2003 05:48 PM

wanna hear bad??? I made too much damn $$$, I have to PAY $878.00 https://www.nopistons.com/forums/pub...1047683358.gif https://www.nopistons.com/forums/pub...1047683358.gif

Turbo II 03-17-2003 06:18 PM

i got screwed. $2600 with 2 jobs making 35,000 a year with both jobs. married w/ 2 kids. wife dont work. i was supposed to get 4500. i dont know wtf happened https://www.nopistons.com/forums/pub...1047683358.gif

Rotaman 03-17-2003 06:34 PM

well i dont get jack crap back from my work



i got like 400 aussie dollars



i guess its better than nothing

MichRX7 03-17-2003 07:17 PM

I am getting back almost $7000 from the feds and about $700 from the state of Mich! (MODS, MUST GET MODS!)

Leetheslacker 03-17-2003 07:41 PM

$0, i don't pay any taxes.

JimmyJimboJet 03-17-2003 08:07 PM


Originally Posted by j9fd3s' date='Mar 17 2003, 10:08 AM
dont be an independant contractor, it hurts at the end of the year



mike

ain't that the truth.



i haven't figured out how much i'm getting back this year. i'm hoping for 4k

TurboSmoke 03-17-2003 09:40 PM

i got back 849 this year. which was not bad. its funny the job i had from feb 02-sept 02 i made 6k at. but the job i had from sept 9th 02- jan 03 i made 6800 its funny. and i work 1/2 as hard. and get paid 2 times as much.

94touring 03-17-2003 09:43 PM

God I hope I get back half that much!! I had a really bad year, work was super slow. Not to mention I have bills out the butt crack hole that need to be paid https://www.nopistons.com/forums/pub...1047683664.gif

1Revvin7 03-17-2003 09:45 PM

$100 I got raped somehow, last year i recieved $500 and I made way more this year, damn car would be running if it wasn't for that...


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