tennesseeboy Posted April 16, 2012 Posted April 16, 2012 I just wrote a large check to the IRS. Makes me wonder about my money going to pay Colombian hookers and GSA employees in Vegas. Not to mention what they are p--ing away in Iraq and Afghanistan.
IDBillzFan Posted April 16, 2012 Posted April 16, 2012 You'll feel better if you stop referring to it as money and instead call it things like "my fair share" or "investments toward a more solid economy."
/dev/null Posted April 16, 2012 Posted April 16, 2012 If it makes you feel any better about paying your taxes, just tell yourself that all of your money went to teachers and roads and investments in the future. The Columbian Hookers, bank bailouts, Green Tech® handouts, and wasted Stimulous® funds were paid by greedy rich people or borrowed from China
tennesseeboy Posted April 16, 2012 Author Posted April 16, 2012 If it makes you feel any better about paying your taxes, just tell yourself that all of your money went to teachers and roads and investments in the future. The Columbian Hookers, bank bailouts, Green Tech® handouts, and wasted Stimulous® funds were paid by greedy rich people or borrowed from China nah....the greedy rich people didn't pay any taxes. I'm not all that upset about the hookers...at least they gave an honest days work and provided a service as opposed to most of the other government contractors.
jimmy10 Posted April 16, 2012 Posted April 16, 2012 We owed a bit this year, but I'd much rather owe a little or just break even. Getting a big refund equates to an interest-free loan for the government all year. Say you get a $1,000 refund. I'd much rather just put that $83 per month to work for me over the course of the year.
tennesseeboy Posted April 16, 2012 Author Posted April 16, 2012 Have used mine for many years on some very complex issues. Believe me, if I could find an honest accountant who could get the tax bill down more I'd go to him or her. I'm pretty sure my guy has done the best he can.
Joe Miner Posted April 16, 2012 Posted April 16, 2012 Have used mine for many years on some very complex issues. Believe me, if I could find an honest accountant who could get the tax bill down more I'd go to him or her. I'm pretty sure my guy has done the best he can. Difference between financial planning and accounting. One is after the fact, one is before.
PromoTheRobot Posted April 16, 2012 Posted April 16, 2012 My daughter finally came off as a deduction, plus all her tuition writeoffs, etc. Got a HUGE tax bill this year. PTR
\GoBillsInDallas/ Posted April 16, 2012 Posted April 16, 2012 I just wrote a large check to the IRS. What's a check?
LeviF Posted April 16, 2012 Posted April 16, 2012 What's a check? This. NYS took my money straight out of my bank account.
boyst Posted April 16, 2012 Posted April 16, 2012 (edited) When are you silly people going to just buy a farm? Sure, you may spend a few million getting it going and $50k a year keeping it going, but when you get that $5k back from the IRS, well it's like winning the lottery! Oh, and from talking to them this year, next year gets even better as some of the "new" things we've done begin to get wrote off. 2014 will be the big year, deducting all new fences, 3 new buildings, and my F350. Edited April 16, 2012 by jboyst62
DC Tom Posted April 16, 2012 Posted April 16, 2012 nah....the greedy rich people didn't pay any taxes. I'm not all that upset about the hookers...at least they gave an honest days work and provided a service as opposed to most of the other government contractors. Sadly, as a government contractor, I completely agree with this statement. I somehow managed to owe the federal government almost exactly as much as the state of Maryland owes me. Weird.
DrDawkinstein Posted April 16, 2012 Posted April 16, 2012 Im not sure what Im doing right, but I make a pretty decent living, have no dependents, am not married, and have never owed taxes. As a matter of fact, 2011 was my highest salary year, and I ended up with my highest tax refund ever (over $3500). I do claim a "1" so they withhold more. Maybe that has something to do with it? Maybe Obama just likes me? Maybe I should shut up before they change their minds?
Dr. Fong Posted April 16, 2012 Posted April 16, 2012 The one time in my life I had to do that I really hated it. I adjusted my withholdings to prevent it from happening again. I get it when people say that thats an interest free loan to the government, but mentally I would just much rather have them hold some of my money during the year than have to give them a chunk all at once.
DC Tom Posted April 16, 2012 Posted April 16, 2012 Im not sure what Im doing right, but I make a pretty decent living, have no dependents, am not married, and have never owed taxes. As a matter of fact, 2011 was my highest salary year, and I ended up with my highest tax refund ever (over $3500). I do claim a "1" so they withhold more. Maybe that has something to do with it? Maybe Obama just likes me? Maybe I should shut up before they change their minds? I'll tell you what you're doing wrong: giving the federal government an interest-free loan. $3500 last year. Every year, I review mine and my wife's deductions. My goal each April 15th is to not get any money back, and owe the IRS less than $500.
DrDawkinstein Posted April 16, 2012 Posted April 16, 2012 I'll tell you what you're doing wrong: giving the federal government an interest-free loan. $3500 last year. Every year, I review mine and my wife's deductions. My goal each April 15th is to not get any money back, and owe the IRS less than $500. Interest free loan? I get what you are saying, but it's not like I'd make much more with it in a Savings account (most banks offer 1% at best). And Im not scrounging to the point that I desperately need that extra money. After being your typical, stupid, material-driven American teenager consumer, I've learned how to live WELL within my means. To the point I could easily survive on half my current salary if need be. Id rather have the Govt hold onto that money as a forced savings account. Im much better at managing that lump sum smartly, than a little bit each month. Now I get to replace my washer/dryer, AND put a couple grand bonus into my savings. To each his own I guess, this way works for me.
LeviF Posted April 16, 2012 Posted April 16, 2012 Now I get to replace my washer/dryer Didn't know you were married, much less that you were having marriage troubles.
DrDawkinstein Posted April 16, 2012 Posted April 16, 2012 (edited) Didn't know you were married, much less that you were having marriage troubles. Hahaha very good. Saddest part is that the last few girls Ive dated were raised so spoiled that they didnt even know how to work a washer or dryer. And we're talking about females in their mid to late 20s. They just drop their laundry off at home every week and it "gets done". Not that it's "women's work", but rather necessary for living as a person in society. One of the worst issues facing the younger generation, imo. All these females (and males) being raised as "little princesses" that dont have anything to bring to the table. Last gf didnt know how to pump gas when I first met her because Daddy fills it up every week for her (and pays for it... at 26 years old). But I digress... Edited April 16, 2012 by DrDareustein
/dev/null Posted April 16, 2012 Posted April 16, 2012 Interest free loan? I get what you are saying, but it's not like I'd make much more with it in a Savings account (most banks offer 1% at best). And Im not scrounging to the point that I desperately need that extra money. After being your typical, stupid, material-driven American teenager consumer, I've learned how to live WELL within my means. To the point I could easily survive on half my current salary if need be. Id rather have the Govt hold onto that money as a forced savings account. Im much better at managing that lump sum smartly, than a little bit each month. Now I get to replace my washer/dryer, AND put a couple grand bonus into my savings. To each his own I guess, this way works for me. How about you give me that $3500 every year and I'll give it back on April 15th?
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