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My poor tax returnFollow

#1 Mar 23 2007 at 9:38 PM Rating: Good
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I got my refund on Tuesday, and it was gone by today. Most of it paid off a loan I took out for school, but after a lobster dinner, a replacement windshield, and a tint job on my truck, I'm busted once again.

Did anyone manage to save any of their gubberment check? Or at least have any fun with it? Or are you one of the procrastinating thousands waiting till the second week of April to file?
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#2 Mar 23 2007 at 10:36 PM Rating: Good
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I don't make interest free loans to the gubberment. Instead I owe the bastages money.
#3 Mar 23 2007 at 11:09 PM Rating: Decent
@#%^ing DRK
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XBox 360+Gears+Dead Rising+Viva Pinata FTW
#4 Mar 24 2007 at 12:30 AM Rating: Good
Plane ticket to surprise Mom for her birthday. Maybe a new(used) car, can always use another one.
#5 Mar 24 2007 at 4:07 AM Rating: Good
YAY! Canaduhian
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We put it in the savings account. Never know when something is going tits up with our house/car/yard...etc. Smiley: wink
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#6 Mar 24 2007 at 5:09 AM Rating: Decent
I'm still waiting for my whopping $74 refund.
#7 Mar 24 2007 at 6:34 AM Rating: Good
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we used our money for our family weekend trip to NYC last month. Suite on Times Square, tickets to the museum of Natural History, lunch at Jekyl and Hydes, and stuff bought at the Hershey store/Toys R Us.
Well spent if you ask me
#8 Mar 24 2007 at 6:35 AM Rating: Good
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I claim 1 all year long, so my returns are typically small. I had it direct deposited in my savings account, with the intention of leaving it there. Something came up so it's now gone.
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#9 Mar 24 2007 at 6:47 AM Rating: Decent
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Was going to establish an emergency fund (tires, deductibles, etc) but that went out the door quickly.

Wife ended up buying drapes for the house, other misc decorations, and I will be using some of it for my CPA exam.

Will be able to apply about 1/4th of it to an emergency fund /sniffle
#10 Mar 24 2007 at 6:51 AM Rating: Good
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It'll be going towards paying off the HDTV I bought late last year.
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#11 Mar 24 2007 at 7:11 AM Rating: Decent
I am amazed that you guys pay in enough throughout the year to get such a huge refund. I normally end up owing about $1k at tax time. Medical expenses gave me enough deductions for a refund this year but that won't happen again.
#12 Mar 24 2007 at 7:16 AM Rating: Good
Professor CrescentFresh wrote:
I am amazed that you guys pay in enough throughout the year to get such a huge refund. I normally end up owing about $1k at tax time. Medical expenses gave me enough deductions for a refund this year but that won't happen again.


I even withdrew about fifteen-hundred from my 401k and still am ending up with about two grand back. I let the government hold onto my money for the year because any excess I might've had would just end up in the slippery g-string of a struggling college student, anyway. Sometimes they really do know what to do with my money better than me.
#13 Mar 24 2007 at 7:39 AM Rating: Decent
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Quote:
I am amazed that you guys pay in enough throughout the year to get such a huge refund. I normally end up owing about $1k at tax time. Medical expenses gave me enough deductions for a refund this year but that won't happen again.


Both mine and my wife's salaries have rampantly increased over the past couple years, so we have almost broke even for the past year or 2. Last year our son was born so we reaped the benefit of an extra deduction and the child tax credit. Refinancing student loans was another one time occurrence we benefited from.
#14 Mar 24 2007 at 8:40 AM Rating: Decent
Barkingturtle wrote:
my 401k
This kind of messes with the mental image I have of you. Smiley: confused
#15 Mar 24 2007 at 8:44 AM Rating: Good
Professor CrescentFresh wrote:
Barkingturtle wrote:
my 401k
This kind of messes with the mental image I have of you. Smiley: confused


I'm a sheep-humping farmer now, but up until about four months ago I was an insurance agent. Which was a great way to meet recently widowed women, if you're into that kind of thing.
#16 Mar 24 2007 at 10:40 AM Rating: Good
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Quote:
Or are you one of the procrastinating thousands waiting till the second week of April to file?
I'm waiting until the second week in April to file for an extension!
#17 Mar 24 2007 at 10:44 AM Rating: Decent
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Thanks for reminding me to find my W-4 so I can file for the money they owe me. Rat bastiches, taking my money like that.
#18 Mar 24 2007 at 10:53 AM Rating: Decent
Metastophicleas wrote:
Thanks for reminding me to find my W-4 so I can file for the money they owe me. Rat bastiches, taking my money like that.
You'll probably have better luck with a W-2.
#19 Mar 24 2007 at 11:10 AM Rating: Decent
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2,501 posts
Yes, likely. You knew what I meant though.
#20 Mar 24 2007 at 11:17 AM Rating: Decent
Metastophicleas wrote:
You knew what I meant though.
Yeah, but I was pretty sure you didn't. You're welcome.
#21 Mar 24 2007 at 11:19 AM Rating: Decent
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I did. I was doing new-hire paperwork all day yesterday, so it's stuck in my head, along with the state forms for VA and NC.
#22 Mar 24 2007 at 11:55 AM Rating: Decent
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We ended up owing about $200. Which isn't bad--means we balanced things pretty well with the number of exemptions to our withholding. We prefer NOT to get a refund check around here. I know some people view it as a sort of enforced savings or bonus, and sometimes I think that would be nice, but then Mr. Ambrya reminds me that if you're getting a refund check, it means you've given Uncle Sam an interest-free loan over the last year. If some day the government starts paying interest on the excess money they've held for a year and then refunded, maybe we'll consider dropping our exemptions down so that we get a refund, but as it is, there's no reason not to try to balance our exemptions to minimize the excess and keep that money in our own pockets.

#23 Mar 24 2007 at 1:41 PM Rating: Excellent
The man who started it all!
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I pay the minimum I have to pay out during the year and put the rest of the money in a 5% money market account and then make a big payment on April 15th. No way I give the government an interest free loan of my money. I prefer to collect the interest on my tax money myself.
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#24 Mar 24 2007 at 4:15 PM Rating: Excellent
Spankatorium Administratix
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Damn good idea boss!
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#25 Mar 24 2007 at 5:58 PM Rating: Good
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Allakhazam Defender of Justice wrote:
I pay the minimum I have to pay out during the year and put the rest of the money in a 5% money market account and then make a big payment on April 15th. No way I give the government an interest free loan of my money. I prefer to collect the interest on my tax money myself.


I tried that once. I ended up spending the money in stead and still had to pay in at tax time. I figure ***** it, it's like a piggy bank that I can't break into till the end of the year. The fact that the gubberment makes some interest off it in the duration is no skin off my back.

Kudos to those of you who manage to pull that off though.
____________________________
Some people are like slinkies, they aren't really good for anything, but they still bring a smile to your face when you push them down the stairs.
#26 Mar 25 2007 at 6:59 AM Rating: Default
you did better than me. got 14k back on my return. after insurance and property tax, i only had to take 1500 out of savings.

havent seen a lobster dinner in over a year. and if my vehicals dont come with factory tint, they dont get tint.

enjoy, you didnt do too badly.
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