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mrtelcom Offline
#1 Posted: Tue, Apr 13 2004, 6:23 PM EST
Joined: 03-25-2004
Posts: 2,255
As an added bonus to stellar leadership in international affairs....

I am getting my first Tax rebate ever*.

I know *that* doesn't mean anything without clarification, but the new tax laws saved me, no.. my family... a few thousand.
bassdude Offline
#2 Posted: Tue, Apr 13 2004, 6:35 PM EST
Joined: 01-13-2004
Posts: 8,871
I hear ya. got my highest return ever and made a liitle less than last year.

Hey, finally located some of them elusive 858s.
mrtelcom Offline
#3 Posted: Tue, Apr 13 2004, 6:44 PM EST
Joined: 03-25-2004
Posts: 2,255
Tony - Good for you. They are worth the effort. Did you smoke one of those HemiSG's yet?
Cigarick Offline
#4 Posted: Tue, Apr 13 2004, 6:51 PM EST
Joined: 07-28-2002
Posts: 3,078
We're getting our first one in about five years.
Robby Offline
#5 Posted: Tue, Apr 13 2004, 9:11 PM EST
Joined: 10-30-2002
Posts: 5,067
Why are there no Dem's on this thread? Do they not like more of their OWN money back?? Or do they think the Federal Government can spend it better than they can? As usual, I would like to see, but do NOT expect a response from the panty waist's... And you know who you are "panty waists"...
Robby Offline
#6 Posted: Tue, Apr 13 2004, 9:15 PM EST
Joined: 10-30-2002
Posts: 5,067
Main Entry: panty·waist
Pronunciation: 'pan-tE-"wAst
Function: noun
: SISSY
- pantywaist adjective
Cavallo Offline
#7 Posted: Tue, Apr 13 2004, 9:21 PM EST
Joined: 01-05-2004
Posts: 2,796
i'm a registered demoncrat. :)

we have to pay more this year. no refund. go figger.

but congrats to those of you who will get some $ back or have to pay less. enjoy it!
Robby Offline
#8 Posted: Tue, Apr 13 2004, 9:23 PM EST
Joined: 10-30-2002
Posts: 5,067
"we have to pay more this year. no refund. go figger."

Same income as last year? Same deductions? Same exemptions? Or different income situation? Curious...
Cavallo Offline
#9 Posted: Tue, Apr 13 2004, 9:45 PM EST
Joined: 01-05-2004
Posts: 2,796
robby: yes, sir. same everything. we filed separate this year; next year we'll file jointly (we got married in october). i don't know what it was, but last year it was "here's a refund" and this year it's "you pay us."

i helped her father start up his own consulting biz (just him out of his house; he's a retired dartmouth poly sci prof -- and a republican, you'll be glad to know!) ;) he's saving money hand over fist by having done so. everything he touches becomes a "business expense." *chuckle*

anyway, sucks, but it's not a huge deal. the refund was small, so is the outgoing.

i'm a demo, but i do think that it's important for our nation's middle class especially to get tax breaks. they have a cultural importance to the economy of this country as a whole. so i'm happy for those who are getting a break. :)
DrMaddVibe Offline
#10 Posted: Wed, Apr 14 2004, 1:40 AM EST
Joined: 10-21-2000
Posts: 55,513
Ecclesiastes 10:2 A wise man's heart is at his right hand; But a fool's heart is at his left... this goes for all of the candidates.....why do so many lean to the left??
Slimboli Offline
#11 Posted: Wed, Apr 14 2004, 2:16 AM EST
Joined: 07-09-2000
Posts: 16,139
OK Robby ... This particular Dem received a rebate this year also ...

... but I have received a rebate every year that I can remember.

What's the big deal?
fritzthetiger Offline
#12 Posted: Wed, Apr 14 2004, 3:07 AM EST
Joined: 04-03-2004
Posts: 314
All of my clients have faired much better this year with there tax to income ratio. I'm very pleased and happy for them.

Fritz
DrMaddVibe Offline
#13 Posted: Wed, Apr 14 2004, 3:12 AM EST
Joined: 10-21-2000
Posts: 55,513
You guys are lucky!

I always owe them. The largest refund I ever got was for about 400 bucks!
penzt8 Offline
#14 Posted: Wed, Apr 14 2004, 4:11 AM EST
Joined: 06-05-2000
Posts: 1,771
I just put the check in the mail. The bastiges got another 826 bucks from me. On top of the 10 grand they already took. I got one of those $400 checks (child credit) last year but had to pay it back. The state gave back 229 but they managed to keep a couple grand. Real estate property tax was another 2 grand and personal property tax (I have to pay tax every year just to own my car) was another couple hundred.

Even after all that, I still managed to invest in my 401K, my Roth IRA, and some other side investments. I smoke good cigars and generally enjoy a good lifestyle.

I guess I've got no complaints.
Robby Offline
#15 Posted: Wed, Apr 14 2004, 4:47 AM EST
Joined: 10-30-2002
Posts: 5,067
I had to go to Block last night to do the old man's taxes. They didn't have much income, but it was a little here, and a little there, and I didn't want to mess it up. I'll do mine tonight.

What I don't understand is how anyone could pay more this year when there was a tax cut? You do realize that your employers started taking less from each check when the tax cut was enacted? It was across the board, for everyone.

So the best comparison would be to look at total income and total taxes paid for 03 vs. 02.
DrMaddVibe Offline
#16 Posted: Wed, Apr 14 2004, 5:23 AM EST
Joined: 10-21-2000
Posts: 55,513
Robby...I'm not complaining!

It just amazes me how many people think getting a thousand dollars back from Uncle Sam is a good thing!

All you're getting back is your money. You gave Uncle Sam a "free" loan. They made money off of the interest and are sending out the amount that you overpaid into the system.

I'd rather owe anyways. That way I get the money upfront and invest it now versus later.
Sonny_LSU Offline
#17 Posted: Wed, Apr 14 2004, 5:40 AM EST
Joined: 11-21-2002
Posts: 1,835
DMV is right on......I recently adjusted my payroll deduction so my paycheck isn't hit as hard, and Uncle Sam doesn't get as big an interest free loan!

WOW! Did we just agree on something?
00camper Offline
#18 Posted: Wed, Apr 14 2004, 6:14 AM EST
Joined: 07-11-2003
Posts: 2,326
When I was single I did what DrMaddVibe and Sonny_LSU do now. Being married with children its a different story. If I didn't set my withholding high, the money would get spent before I could squirrel it away fo pay taxes and we would wind up scrambling to find the money on April 15.
mrtelcom Offline
#19 Posted: Wed, Apr 14 2004, 6:37 AM EST
Joined: 03-25-2004
Posts: 2,255
DMV - I have always owed money, first time I had to consider adjusting my withholdings.. the reason? Tax cuts. The thousands I referenced was savings due to the tax cut, not my refund.
bassdude Offline
#20 Posted: Wed, Apr 14 2004, 6:44 AM EST
Joined: 01-13-2004
Posts: 8,871
DMV, I completely agree with you and I claim 5 through the year to have less taken out.
rasdas Offline
#21 Posted: Wed, Apr 14 2004, 7:26 AM EST
Joined: 03-13-2003
Posts: 4,716
My goal is to have as little a return as possible (to have more in my pocket throughout the year)....

This year got back $52...

RasDas

Joe
CanyonDVM Offline
#22 Posted: Wed, Apr 14 2004, 12:01 PM EST
Joined: 10-26-2002
Posts: 259
The whole fallacy of withholding is that people think they are getting money back from the government. I think we should all have to write a check every payday to the IRS for what is now withheld. Then maybe people would have some conception of they are paying. The best part of the scam though is the "employer matching" so that the employer has to pay too. Guess what folks, the employer looks at total employee costs, not salaries. That line on the P & L includes ALL employee costs. That also, ulmimately, comes out of the pie that the employees, and the IRS, share.
coda Offline
#23 Posted: Wed, Apr 14 2004, 2:19 PM EST
Joined: 07-27-2003
Posts: 623
"If Patrick Henry thought taxation without representation was bad, he should see it with representation."

- unknown
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