Where does your tax money go?
+12
shelbyrick
Mustang Marie
ONEBADACE01GT
Shelby10'
hutchenstein
BMMC1
lehcar
03.sonicblue
Oldokie
Leonard 95
ARMORINE
BASixxer
16 posters
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Where does your tax money go?
So tax season is here (comes right before car season, whoo!), and it's always interesting to hear what people do with their refund money.
I personally never get much back, used to be around $600 a year but it's even less with the misses. No kids, no house, so nothing big to expect. Had a lot of school expenses this year, so hoping to get a little out of that, but we will see. Always seems we get about $150 from the feds, but then have to pay $75 for turbo tax, $25 to file the business taxes, and pay $100 to state. Viola, no refund...
IF we happen to get a refund, I'll be taking that, adding it to my corporate bonus check from work, and using it to pay off most of my bills so we can have the extra funding to actually get a house... may get some wheels or something, but don't expect to see much out of the car from this...
What are your plans?
I personally never get much back, used to be around $600 a year but it's even less with the misses. No kids, no house, so nothing big to expect. Had a lot of school expenses this year, so hoping to get a little out of that, but we will see. Always seems we get about $150 from the feds, but then have to pay $75 for turbo tax, $25 to file the business taxes, and pay $100 to state. Viola, no refund...
IF we happen to get a refund, I'll be taking that, adding it to my corporate bonus check from work, and using it to pay off most of my bills so we can have the extra funding to actually get a house... may get some wheels or something, but don't expect to see much out of the car from this...
What are your plans?
Re: Where does your tax money go?
secret project.... i'll probably have them Finnish machining the jewel that's in my garage right now
ARMORINE- Paul's 2 Star Atta-Boy Award!
- Number of posts : 3701
Age : 36
Location : Tulsa, Oklahoma
Car Type : Shelby GT
First Name : Jared
Registration date : 2008-04-01
Re: Where does your tax money go?
What tax money???????? Pay in a assload and still get the ole screw job from uncle sam, 3 kids and big house still don't help!
Leonard 95- BMMC Elite Post Pig
- Number of posts : 2892
Age : 49
Location : Bixby
Car Type : 08 GT500
First Name : David
Registration date : 2008-12-09
Re: Where does your tax money go?
I will be mailing a big fat check to Uncle Sam to go along with all of the money that has already been robbed from me....
Oldokie- 2010 Challenge Winner!
- Number of posts : 2282
Age : 71
Location : Tulsa
Car Type : 2008 Shelby GT 500
First Name : Blair
Registration date : 2008-12-02
Re: Where does your tax money go?
Don't even get me started.....
03.sonicblue- BMMC Board Member
- Number of posts : 5734
Age : 43
Location : Broken Arrow
Car Type : 03 Mustang Cobra
First Name : Jerry
Registration date : 2008-07-26
Re: Where does your tax money go?
Bahahaha way to get everyone in a great mood, Lee!
lehcar- BMMC Enthusiast
- Number of posts : 167
Age : 33
Location : Broken Arrow
Car Type : Mustang GT
First Name : Rachel
Registration date : 2011-01-07
Re: Where does your tax money go?
Weed and hookers....
Seriously, i am self employed, so they get a big chunk from me every year. I dont know what a tax return is...
Seriously, i am self employed, so they get a big chunk from me every year. I dont know what a tax return is...
Guest- Guest
Re: Where does your tax money go?
am i the only optimistic one here?
ARMORINE- Paul's 2 Star Atta-Boy Award!
- Number of posts : 3701
Age : 36
Location : Tulsa, Oklahoma
Car Type : Shelby GT
First Name : Jared
Registration date : 2008-04-01
Re: Where does your tax money go?
If you do it right.... you should get as close to $0 back as possible. That's always my goal. Anything you get back is like give the Gov't an interest free loan.
BMMC1- BMMC Board Member
- Number of posts : 13771
Age : 58
Location : Tulsa
Car Type : 2011 Shelby GT500
First Name : Paul The DILF
Registration date : 2008-03-09
Re: Where does your tax money go?
BTW... I do like Chris' idea of how to spend a refund...
BMMC1- BMMC Board Member
- Number of posts : 13771
Age : 58
Location : Tulsa
Car Type : 2011 Shelby GT500
First Name : Paul The DILF
Registration date : 2008-03-09
Re: Where does your tax money go?
I guess that is true... but paying a little more each money and then getting it all back at once is nice... its like a savings account...
Re: Where does your tax money go?
amentowasso wrote:I guess that is true... but paying a little more each money and then getting it all back at once is nice... its like a savings account...
A dollar today is worth more than a dollar tomorrow. I can have my money invested and working for me today. If I have to wait 12 months to get it returned back to me, that is 12 months of interest and dividends I have missed out on. Give me my money now!!
03.sonicblue- BMMC Board Member
- Number of posts : 5734
Age : 43
Location : Broken Arrow
Car Type : 03 Mustang Cobra
First Name : Jerry
Registration date : 2008-07-26
Re: Where does your tax money go?
03.sonicblue wrote:amentowasso wrote:I guess that is true... but paying a little more each money and then getting it all back at once is nice... its like a savings account...
A dollar today is worth more than a dollar tomorrow. I can have my money invested and working for me today. If I have to wait 12 months to get it returned back to me, that is 12 months of interest and dividends I have missed out on. Give me my money now!!
This is the logic behind the statement.
BMMC1- BMMC Board Member
- Number of posts : 13771
Age : 58
Location : Tulsa
Car Type : 2011 Shelby GT500
First Name : Paul The DILF
Registration date : 2008-03-09
Re: Where does your tax money go?
What bugs me is I can't get the state taxes right to save my life. Two years ago I owe like $115, last year refund 134, this year I owe 126. Thats whats frustrating about the tax code.
03.sonicblue- BMMC Board Member
- Number of posts : 5734
Age : 43
Location : Broken Arrow
Car Type : 03 Mustang Cobra
First Name : Jerry
Registration date : 2008-07-26
Re: Where does your tax money go?
I will most likely be paying in this year because for some reason my work-study job decided to just not withhold any income tax at all...that and taxes on my scholarships. :(
hutchenstein- BMMC Regular
- Number of posts : 499
Age : 35
Location : Tulsa
Car Type : 1995 Mustang v6
First Name : Isaac
Registration date : 2010-11-17
Re: Where does your tax money go?
hutchenstein wrote:I will most likely be paying in this year because for some reason my work-study job decided to just not withhold any income tax at all...that and taxes on my scholarships. :(
If you think thats bad, just wait until you get a real job.
03.sonicblue- BMMC Board Member
- Number of posts : 5734
Age : 43
Location : Broken Arrow
Car Type : 03 Mustang Cobra
First Name : Jerry
Registration date : 2008-07-26
Re: Where does your tax money go?
I am thinking about quiting my job, popping out 5 kids, and going on welfare. That way to GOVment pays me.....
Shelby10'- BMMC Board Member
- Number of posts : 3610
Age : 43
Location : Broken Arrow
Car Type : 2010 Shelby GT500
First Name : Jarrod
Registration date : 2010-11-04
Re: Where does your tax money go?
Shelby10' wrote:I am thinking about quiting my job, popping out 5 kids, and going on welfare. That way to GOVment pays me.....
This wouldn't surpise me one bit freeloader!
Leonard 95- BMMC Elite Post Pig
- Number of posts : 2892
Age : 49
Location : Bixby
Car Type : 08 GT500
First Name : David
Registration date : 2008-12-09
Re: Where does your tax money go?
im pretty sure that is the new "American Dream"Shelby10' wrote:I am thinking about quiting my job, popping out 5 kids, and going on welfare. That way to GOVment pays me.....
ONEBADACE01GT- BMMC Enthusiast
- Number of posts : 93
Age : 37
Location : Tahlequah
Car Type : 01 Mustang GT Convertible
First Name : Derek
Registration date : 2010-11-29
Re: Where does your tax money go?
Shelby10' wrote:I am thinking about quiting my job, popping out 5 kids, and going on welfare. That way to GOVment pays me.....
food stamps and wic won't pay that GT500 payment... then you'll have to sell those wheels to me to keep the car for a few more months...
Re: Where does your tax money go?
Leonard 95 wrote:Shelby10' wrote:I am thinking about quiting my job, popping out 5 kids, and going on welfare. That way to GOVment pays me.....
This wouldn't surpise me one bit freeloader!
Whats for dinner?
Shelby10'- BMMC Board Member
- Number of posts : 3610
Age : 43
Location : Broken Arrow
Car Type : 2010 Shelby GT500
First Name : Jarrod
Registration date : 2010-11-04
Re: Where does your tax money go?
Shelby10' wrote:Leonard 95 wrote:Shelby10' wrote:I am thinking about quiting my job, popping out 5 kids, and going on welfare. That way to GOVment pays me.....
This wouldn't surpise me one bit freeloader!
Whats for dinner?
Dezz nutz!
Leonard 95- BMMC Elite Post Pig
- Number of posts : 2892
Age : 49
Location : Bixby
Car Type : 08 GT500
First Name : David
Registration date : 2008-12-09
Re: Where does your tax money go?
would love to put some in my car...but probably pay off small bills and some yard work...but my list for the stang would be more fun....
Mustang Marie- BMMC Enthusiast
- Number of posts : 57
Age : 52
Location : keystone lake
Car Type : 06 GT
First Name : marie
Registration date : 2009-09-14
Re: Where does your tax money go?
If they start whacking me any worse I'm gonna retire and go on the dole! I can certainly become the problem instead of the solution!
Oldokie- 2010 Challenge Winner!
- Number of posts : 2282
Age : 71
Location : Tulsa
Car Type : 2008 Shelby GT 500
First Name : Blair
Registration date : 2008-12-02
Re: Where does your tax money go?
You can adopt me if you want, give your money to me instead. Write me off as a dependant. Deal?
03.sonicblue- BMMC Board Member
- Number of posts : 5734
Age : 43
Location : Broken Arrow
Car Type : 03 Mustang Cobra
First Name : Jerry
Registration date : 2008-07-26
Re: Where does your tax money go?
03.sonicblue wrote:You can adopt me if you want, give your money to me instead. Write me off as a dependant. Deal?
if i every win the lottery i'll adopt you, on the condition you keep my car collection spotless
ARMORINE- Paul's 2 Star Atta-Boy Award!
- Number of posts : 3701
Age : 36
Location : Tulsa, Oklahoma
Car Type : Shelby GT
First Name : Jared
Registration date : 2008-04-01
Re: Where does your tax money go?
What is a refund? Old uncle Obama wants mines. More and more all the time, the harder I work the more people go on welfare.
shelbyrick- BMMC Enthusiast
- Number of posts : 88
Age : 57
Location : sand springs
Car Type : 07 gt500
First Name : rick
Registration date : 2010-11-17
Re: Where does your tax money go?
i appreciate anything the government gives me back. when China takes us over, we most likely wont be getting any sort of refund.
$1 billion of your hard earned tax money goes to aid the Egyptian army that hates us.
$1.5 billion of your hard earned tax money goes to the UN security counsel that hates us.
millions go toward the organization that aids the abortion of babies with underaged mothers.
to be continued...
$1 billion of your hard earned tax money goes to aid the Egyptian army that hates us.
$1.5 billion of your hard earned tax money goes to the UN security counsel that hates us.
millions go toward the organization that aids the abortion of babies with underaged mothers.
to be continued...
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