« previous next »
Pages: [1] 2   Go Down

Author Topic: Tax returns - are you paying or getting paid?  (Read 10456 times)

0 Members and 1 Guest are viewing this topic.

Offline jinxmchue

  • Hero Member
  • *****
  • Posts: 3841
  • Reputation: +114/-26
Tax returns - are you paying or getting paid?
« on: February 13, 2009, 02:15:36 PM »
We're getting back about $4,000, which will help pay hospital bills from my son's birth.  How about you?
Logged

Offline franksolich

  • Scourge of the Primitives
  • Global Moderator
  • Hero Member
  • *****
  • Posts: 58722
  • Reputation: +3102/-173
Re: Tax returns - are you paying or getting paid?
« Reply #1 on: February 13, 2009, 02:18:24 PM »
Minimal refund, but that's because I'm careful about not overestimating.
Logged
apres moi, le deluge

Milo Yiannopoulos "It has been obvious since 2016 that Trump carries an anointing of some kind. My American friends, are you so blind to reason, and deaf to Heaven? Can he do all this, and cannot get a crown? This man is your King. Coronate him, and watch every devil shriek, and every demon howl."

Offline Wineslob

  • Hero Member
  • *****
  • Posts: 14480
  • Reputation: +816/-193
  • Sucking the life out of Liberty
Re: Tax returns - are you paying or getting paid?
« Reply #2 on: February 13, 2009, 02:19:25 PM »
Quote from: franksolich on February 13, 2009, 02:18:24 PM
Minimal refund, but that's because I'm careful about not overestimating.


Same here.
Logged
“The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn't want to go bankrupt. People must again learn to work, instead of living on public assistance.”

        -- Marcus Tullius Cicero, 55 BC (106-43 BC)

The unobtainable is unknown at Zombo.com



"Practice random violence and senseless acts of brutality"

If you want a gender neutral bathroom, go pee in the forest.

Offline Chris_

  • Little Lebowski Urban Achiever
  • Hero Member
  • *****
  • Posts: 46845
  • Reputation: +2028/-266
Re: Tax returns - are you paying or getting paid?
« Reply #3 on: February 13, 2009, 02:26:13 PM »
I take considerable care to ensure that I owe a little bit - usually around $1,000 or less, typically - on April 15th.  I am not interested in giving the government an interest free loan out of the hard earned sweat of MY brow.
Logged
If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline rich_t

  • Hero Member
  • *****
  • Posts: 7942
  • Reputation: +386/-429
  • TANSTAAFL
Re: Tax returns - are you paying or getting paid?
« Reply #4 on: February 13, 2009, 03:44:52 PM »
Owe a small amount on State.

Getting back more than I like on Federal.  I mis-calculated somewhere.

But with me being laid off, that refund might come in real handy for living expenses.
Logged
"The American people will never knowingly adopt socialism. But, under the name of 'liberalism,' they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened." --Norman Thomas, 1944

Offline Thor

  • General Ne'er Do Well, Troublemaker & All Around Meanie!!
  • In Memoriam
  • Hero Member
  • *****
  • Posts: 13103
  • Reputation: +363/-297
  • Native Texan & US Navy (ret)
Re: Tax returns - are you paying or getting paid?
« Reply #5 on: February 13, 2009, 03:53:30 PM »
No state tax, but for my meager income, I'm still having to pay in. Thank God, it's not a whole lot. I guess I need to find a good tax accountant.
Logged
"The state must declare the child to be the most precious treasure of the people. As long as the government is perceived as working for the benefit of the children, the people will happily endure almost any curtailment of liberty and almost any deprivation."- IBID

I AM your General Ne'er Do Well, Troublemaker & All Around Meanie!!

"Congress has not unlimited powers to provide for the general welfare, but only those specifically enumerated."-Thomas Jefferson

Offline Miss Mia

  • Hero Member
  • *****
  • Posts: 8052
  • Reputation: +353/-137
Re: Tax returns - are you paying or getting paid?
« Reply #6 on: February 13, 2009, 03:54:10 PM »
I'm getting almost $1700 back.  The deduction for school tuition is what made it so high, I forgot to adjust my withholding to account for it.  
Logged
Stink Eye
"Bloodninja: It doesn't get any more serious than a Rhinocerus about to charge your ass."

Offline Miss Mia

  • Hero Member
  • *****
  • Posts: 8052
  • Reputation: +353/-137
Re: Tax returns - are you paying or getting paid?
« Reply #7 on: February 13, 2009, 03:54:52 PM »
Quote from: Thor on February 13, 2009, 03:53:30 PM
No state tax, but for my meager income, I'm still having to pay in. Thank God, it's not a whole lot. I guess I need to find a good tax accountant.


There's a guy a few of the sales guys here use.  He's a little shady but he'll make sure you don't owe anything. 

Note:  I don't use him, I do them myself with TurboTax.
Logged
Stink Eye
"Bloodninja: It doesn't get any more serious than a Rhinocerus about to charge your ass."

Offline rich_t

  • Hero Member
  • *****
  • Posts: 7942
  • Reputation: +386/-429
  • TANSTAAFL
Re: Tax returns - are you paying or getting paid?
« Reply #8 on: February 13, 2009, 03:59:32 PM »
I lot of folks are pleased when they get a big tax refund.  What they fail to understand is that they gave the Fed a forced interest free loan on that money.

I try to get back as little as possible or even owe a small amount.  I'd rather have the use of that money on a monthly basis instead of having the Fed give back part of what they stole from me at the end of the year. 
Logged
"The American people will never knowingly adopt socialism. But, under the name of 'liberalism,' they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened." --Norman Thomas, 1944

Offline rich_t

  • Hero Member
  • *****
  • Posts: 7942
  • Reputation: +386/-429
  • TANSTAAFL
Re: Tax returns - are you paying or getting paid?
« Reply #9 on: February 13, 2009, 04:01:45 PM »
Quote from: Miss Mia on February 13, 2009, 03:54:52 PM

There's a guy a few of the sales guys here use.  He's a little shady but he'll make sure you don't owe anything. 

Note:  I don't use him, I do them myself with TurboTax.

How long have you been using TurboTax?  I've been using it for several years and I'm starting to dislike the GUI.

They seem to change it every year and it has, for me anyway, become more difficult to navigate over the years.

I'm thinking of trying TaxAct next year.
Logged
"The American people will never knowingly adopt socialism. But, under the name of 'liberalism,' they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened." --Norman Thomas, 1944

Offline Lord Undies

  • Hero Member
  • *****
  • Posts: 11388
  • Reputation: +639/-250
Re: Tax returns - are you paying or getting paid?
« Reply #10 on: February 13, 2009, 04:13:33 PM »
I haven't filed 2007 yet.  I have been waiting to see if my weird estranged daughter-in-law was going to pay me back the money I gave her.  I've supported my Little Angel for all her years. My son (her father) does everything he can.  My son did not try to claim my Little Angel when he filed.  My daughter-in-law did. 

I could screw her around big time.  We are talking about $10,000.  All I have to do is file and claim Little Angel.  I have the right.  She lived with me. 

I can't do it.  I cannot screw up her life.  She is trying to be a good mother.  My Little Angel loves her so much.

I hate myself.
Logged

Offline Chris_

  • Little Lebowski Urban Achiever
  • Hero Member
  • *****
  • Posts: 46845
  • Reputation: +2028/-266
Re: Tax returns - are you paying or getting paid?
« Reply #11 on: February 13, 2009, 04:38:31 PM »
Quote from: jinxmchue on February 13, 2009, 02:15:36 PM
We're getting back about $4,000, which will help pay hospital bills from my son's birth.  How about you?

You aren't "getting" squat.  Giving you back your own money with zero % interest is not "Getting."  It just means you used the US Govt. to create a non-interest bearing savings account.

The idea is to be as close to ZERO as possible for both State and Federal income tax "refunds."

And in California, they don't equivocate -- they will be stealing the taxpayer's money that is due back to them.  Can you imagine going to a store and giving them a $20 for a $17.50 item and then not getting your change?
Logged
If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline Mike220

  • Proud owner of a
  • Hero Member
  • *****
  • Posts: 4650
  • Reputation: +310/-122
  • Ron Swanson is my hero
Re: Tax returns - are you paying or getting paid?
« Reply #12 on: February 13, 2009, 04:39:05 PM »
I only made $4,075 taxable income this year. Don't owe the  :bird: feebs a thing this year. Unfortunately I'm not getting anything back.
Logged
Blackmail is such an ugly word. I prefer "extortion." The "X" makes it sound cool. - Bender

"jews run the media" -- CreativeChristie
Woohoo! Bow to me peasants -- Me

Offline Chris_

  • Little Lebowski Urban Achiever
  • Hero Member
  • *****
  • Posts: 46845
  • Reputation: +2028/-266
Re: Tax returns - are you paying or getting paid?
« Reply #13 on: February 13, 2009, 04:40:32 PM »
Quote from: Mike220 on February 13, 2009, 04:39:05 PM
I only made $4,075 taxable income this year. Don't owe the  :bird: feebs a thing this year. Unfortunately I'm not getting anything back.

You haven't learned to work the system.   Any Welfare Queen will tell you to contact a sibling, cousin, etc. and claim 2 of their kids to get the $5K EIC.

Logged
If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline Chris_

  • Little Lebowski Urban Achiever
  • Hero Member
  • *****
  • Posts: 46845
  • Reputation: +2028/-266
Re: Tax returns - are you paying or getting paid?
« Reply #14 on: February 13, 2009, 04:41:22 PM »
Quote from: BadCat on February 13, 2009, 04:34:29 PM
Refund????

What's that?

It's something that comes to those who don't have to file/pay QUARTERLY, BC.  I heard about something like that, a long time ago.
Logged
If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline Mike220

  • Proud owner of a
  • Hero Member
  • *****
  • Posts: 4650
  • Reputation: +310/-122
  • Ron Swanson is my hero
Re: Tax returns - are you paying or getting paid?
« Reply #15 on: February 13, 2009, 04:45:18 PM »
Quote from: freedumb2003 on February 13, 2009, 04:40:32 PM
You haven't learned to work the system.   Any Welfare Queen will tell you to contact a sibling, cousin, etc. and claim 2 of their kids to get the $5K EIC.



That would be my sister and her POS husband. They're getting back $3,500 because they have a kid. They mooch of welfare like it's going out of style. Despite the fact they're both fairly healthy and capable, they made $800 dollars this year.

Of course, seeing as they're both druggies, I shouldn't be surprised.
Logged
Blackmail is such an ugly word. I prefer "extortion." The "X" makes it sound cool. - Bender

"jews run the media" -- CreativeChristie
Woohoo! Bow to me peasants -- Me

Offline Chris_

  • Little Lebowski Urban Achiever
  • Hero Member
  • *****
  • Posts: 46845
  • Reputation: +2028/-266
Re: Tax returns - are you paying or getting paid?
« Reply #16 on: February 13, 2009, 04:55:07 PM »
Quote from: BadCat on February 13, 2009, 04:44:17 PM
Last year my wifes ENTIRE salary went to pay taxes, along with a good chunk of mine.
Freakin' thieves.

And they say that the 13th and 14th amendments abolished slavery in the United States.  Guess they never teach this in school.
Logged
If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline rich_t

  • Hero Member
  • *****
  • Posts: 7942
  • Reputation: +386/-429
  • TANSTAAFL
Re: Tax returns - are you paying or getting paid?
« Reply #17 on: February 13, 2009, 05:46:41 PM »
Quote from: DefiantSix on February 13, 2009, 04:55:07 PM
And they say that the 13th and 14th amendments abolished slavery in the United States.  Guess they never teach this in school.

You speak as if the 16th amendment was validly passed.
Logged
"The American people will never knowingly adopt socialism. But, under the name of 'liberalism,' they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened." --Norman Thomas, 1944

Offline MrsSmith

  • Hero Member
  • *****
  • Posts: 5977
  • Reputation: +466/-54
Re: Tax returns - are you paying or getting paid?
« Reply #18 on: February 13, 2009, 06:02:36 PM »
Quote from: freedumb2003 on February 13, 2009, 04:38:31 PM
You aren't "getting" squat.  Giving you back your own money with zero % interest is not "Getting."  It just means you used the US Govt. to create a non-interest bearing savings account.

The idea is to be as close to ZERO as possible for both State and Federal income tax "refunds."

And in California, they don't equivocate -- they will be stealing the taxpayer's money that is due back to them.  Can you imagine going to a store and giving them a $20 for a $17.50 item and then not getting your change?
That's much easier said than done.  Especially when we live in one state, and I work in another.  We upped withholding to the point where we don't owe money to one state...but always end up owing to the other somehow.  If it was always the same state, we could just increase withholding in that state and then claim another dependant...but it isn't.  Last year, I thought we finally had it down about right and knew which state we'd owe...and it was backwards.  We got a big refund from one state, and had to pay the one that I thought I had nailed down.   :banghead: :banghead: :banghead: I'm ready to just let the feds borrow all that money for free because it's so much easier than trying to figure out what the  :censored: the states are doing!
Logged
.
.

Antifa - the only fascists in America today.

Offline Zathras

  • Hero Member
  • *****
  • Posts: 3477
  • Reputation: +499/-71
  • This is the way.
Re: Tax returns - are you paying or getting paid?
« Reply #19 on: February 13, 2009, 06:17:04 PM »
$1100 from the fed and a $100 IOU from the wonderful state of Kalifornia.
Logged
Solve a man's problem with violence and help him for a day. Teach a man how to solve his problems with violence, help him for a lifetime - Belkar Bitterleaf

If racist dog whistles are meant to be only heard by racists, then it is quite interesting how progressives seem to be the only people who can hear them. - Leonydus Johnson

What makes a good soldier? The ability to fire 3 rounds a minute in any weather. - Major Richard Sharpe

Offline RightCoast

  • Hero Member
  • *****
  • Posts: 3438
  • Reputation: +185/-24
  • Semper Fi means more than most will ever know
Re: Tax returns - are you paying or getting paid?
« Reply #20 on: February 13, 2009, 06:17:40 PM »
Quote from: rich_t on February 13, 2009, 03:59:32 PM
I lot of folks are pleased when they get a big tax refund.  What they fail to understand is that they gave the Fed a forced interest free loan on that money.

I try to get back as little as possible or even owe a small amount.  I'd rather have the use of that money on a monthly basis instead of having the Fed give back part of what they stole from me at the end of the year. 

Maybe you fail to realize that a $5,000 lump sum is better then an extra $100 a week to some people.
Logged
nine eleven is a car
nine one one is an emergency service
September 11, 2001 was an attack
Never Forget, or Minimize.

Offline rich_t

  • Hero Member
  • *****
  • Posts: 7942
  • Reputation: +386/-429
  • TANSTAAFL
Re: Tax returns - are you paying or getting paid?
« Reply #21 on: February 13, 2009, 06:19:49 PM »
Quote from: RightCoast on February 13, 2009, 06:17:40 PM
Maybe you fail to realize that a $5,000 lump sum is better then an extra $100 a week to some people.

You are correct.  I fail to realize that.

Explain it to me.

Logged
"The American people will never knowingly adopt socialism. But, under the name of 'liberalism,' they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened." --Norman Thomas, 1944

Offline Lacarnut

  • Hero Member
  • *****
  • Posts: 4154
  • Reputation: +316/-315
Re: Tax returns - are you paying or getting paid?
« Reply #22 on: February 13, 2009, 06:21:08 PM »
I will get back a few hundred dollars. My dad passed away last year. As POA, I had my name on his checking account, CD and money market account. I transferred money into my account for his bills, sitters and nursing home. I just hope I don't get audited. Going to file a return for him. He won't owe anything; I screwed up by not cashing in the CD at the end of the year rather than waiting till April of 09.
Logged

Offline JohnnyReb

  • In Memoriam
  • Hero Member
  • *****
  • Posts: 32063
  • Reputation: +1998/-134
Re: Tax returns - are you paying or getting paid?
« Reply #23 on: February 13, 2009, 06:29:13 PM »
Quote from: Zathras on February 13, 2009, 06:17:04 PM
$1100 from the fed and a $100 IOU from the wonderful state of Kalifornia.

Have you informed the state of Kalifornia that you'll be charging 13.99% interest?

I used to do crazy shitte like that until my accountant finally told me to stop or get someone else to do my stuff.
Logged
“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline RightCoast

  • Hero Member
  • *****
  • Posts: 3438
  • Reputation: +185/-24
  • Semper Fi means more than most will ever know
Re: Tax returns - are you paying or getting paid?
« Reply #24 on: February 13, 2009, 06:41:37 PM »
Quote from: rich_t on February 13, 2009, 06:19:49 PM
You are correct.  I fail to realize that.

Explain it to me.



A $5,000 lump sum is better then an extra $100 a week to some people.


Logged
nine eleven is a car
nine one one is an emergency service
September 11, 2001 was an attack
Never Forget, or Minimize.
Pages: [1] 2   Go Up
« previous next »