+GOT GPS? Posted February 13, 2003 Share Posted February 13, 2003 If you are getting a tax Refund which of these would apply: Quote Link to comment
+Desert_Warrior Posted February 13, 2003 Share Posted February 13, 2003 It is a long story. But it will be added to the $4k already in the bank, and it will sit as a strike fund. Our contract is up for negotiation this June. With my military retirement covering the house payment, nearly $10k in the bank, and a full-time job at wal-mart, I can go a long time before I need to worry. If we get a contract, and I expect we will, my wife will get a new van. Something to take her 4 Texas Chihuahuas (Great Danes) out all together. Her Dodge mini-van only holds 2, and has over a 1/4 million miles on it. Well, that's my story. Mike. Desert_Warrior (aka KD9KC). El Paso, Texas. Citizens of this land may own guns. Not to threaten their neighbors, but to ensure themselves of liberty and freedom. They are not assault weapons anymore... they are HOMELAND DEFENSE WEAPONS! Quote Link to comment
+majicman Posted February 13, 2003 Share Posted February 13, 2003 If I got a big tax refund, I would use it to bring peace to the world... or maybe get a new brain for Chob... --majicman My new book available now!: (http://www.mcwj.com ) Quote Link to comment
+Jamie Z Posted February 13, 2003 Share Posted February 13, 2003 If I get a big tax refund, I'm going down to my employers human resources department to fill out a new W-4. I don't like to give the government free use of my money if I don't have to. I'd rather have the money right away. Jamie Quote Link to comment
+parkrrrr Posted February 13, 2003 Share Posted February 13, 2003 Tax refund? What's that? Didn't your mother ever tell you that the best thing is to break even on withholding at the end of the year and the second-best thing is to owe money? Do you like giving interest-free loans to the IRS? Of course, it's possible to overdo the "owing money" thing. The IRS doesn't like it if you do that too many years in a row, because they don't get the free money they've come to expect from you. So don't overdo it, or you'll end up paying in quarterly installments (which is still better than loaning $1500 of your own money to Uncle Sam for a year.) Quote Link to comment
+Mr. Snazz Posted February 13, 2003 Share Posted February 13, 2003 quote:Originally posted by Warm Fuzzies - Fuzzy:Tax refund? What's that? Didn't your mother ever tell you that the best thing is to break even on withholding at the end of the year and the second-best thing is to owe money? Do you like giving interest-free loans to the IRS? Vern, is that you? That was, verbatim, what a former employer once told me. Anyway, as for me, I'm expecting ~$700 back this year. Tough to break exactly even, with the pay structure that I have, but amazingly enough I usually do end up with roughly the same amount overpaid each year. My money is going towards debt repayment, since I'm a naughty little american. Quote Link to comment
+CdirtO Posted February 13, 2003 Share Posted February 13, 2003 quote:Originally posted by Warm Fuzzies - Fuzzy:Tax refund? What's that? Didn't your mother ever tell you that the best thing is to break even on withholding at the end of the year and the second-best thing is to owe money? Do you like giving interest-free loans to the IRS? Of course, it's possible to overdo the "owing money" thing. The IRS doesn't like it if you do that too many years in a row, because they don't get the free money they've come to expect from you. So don't overdo it, or you'll end up paying in quarterly installments (which is still better than loaning $1500 of _your own money_ to Uncle Sam for a year.) http://216.202.195.127/warm.gif Try jumping a tax bracket! Between my wife and I this year we jumped a tax bracket, and for the first time in 17 years of marriage, we owe BIG-TIME! I have been able to go tax-exempt for up to 6 months out of the year and still get a little back. Tried it this year for just 4 months and I owe $2500! OUCH!!! I am gonna hafta rethink this for this year! I can go anywhere!! ... (if my wife lets me) Quote Link to comment
+Planet Posted February 13, 2003 Share Posted February 13, 2003 What's that? Being self employed, I don't have that to look forward to. Cache you later, Planet I feel much more like I do now than when I first got here. Quote Link to comment
Lyra Posted February 13, 2003 Share Posted February 13, 2003 Never heard of such a thing. One of life's little pleasures of being self-employed, I guess. About this time of year, I start rolling up loose change to send to Uncle Sam. Always wear proper caching safety equipment! Quote Link to comment
+Team GPSaxophone Posted February 13, 2003 Share Posted February 13, 2003 Last year I got a $6000 refund. I adjusted my withholding and will get $3000 this year. I'm adjusting it again, so I should get $1500 next year, then $750, then $325, etc... I'll never owe money this way. Quote Link to comment
Lefty Skywalker Posted February 13, 2003 Share Posted February 13, 2003 I'm a single guy with a professional income, renting an apartment. The IRS loves me very much... and I won't have a refund. What Would Yoda Do? Quote Link to comment
+Matt1344 Posted February 13, 2003 Share Posted February 13, 2003 The Mrs. hasn't done the taxes yet but personally I hope I don't get a refund. If I do, that means I did something wrong. I see no reason to give the government a loan. I'd rather pay a small amount at the end of the year. Quote Link to comment
dsandbro Posted February 13, 2003 Share Posted February 13, 2003 Taxes? What taxes? "Taxes are for the little people." -- Leona Hemsley, shortly before being arrested for tax evasion. The best arrangement is to owe Uncle Sam as much as you can on April 15 without incurring an underpayment penalty. Then invest enough each paycheck so you have that amount in April. Very few people have predictable enough income and tax status each year to do that, so I try to break even. A multiple thousand dollar refund would really tick me off, since as mentioned above it is an interest free loan to Uncle Sam. ======================================== Friends don't let Friends geocache drunk. Quote Link to comment
madapple Posted February 14, 2003 Share Posted February 14, 2003 I am along with the self-employed group on this one!!!!! What tax refund!!!!!!!! That would be a nice thing,,but old sam always wants more at the end of the year!!!! Team madapple Some one start another thread for the self employed to see how many of us there are and what we do!!!! Exploring the world,,,one Cache at a time !!!!! Quote Link to comment
+Runaround Posted February 14, 2003 Share Posted February 14, 2003 I'll owe Uncle Sam a couple hundred dollars. Much better than getting a refund. I at least got to make the interest on the money before giving it up. Now where did I park my car??????? Quote Link to comment
+GOT GPS? Posted February 14, 2003 Author Share Posted February 14, 2003 quote:Expenses and/or caching supplies. Nearly $600 back, and it will nearly payoff my high rate credit card. Got the refund yesterday, from my Tax submission on about the 5th. I got my mind set on either the Street Pilot III, or The new Garmin PDA/GPS. If I get the Garmin Ique 3600, I would like to be able to use my MeriPlat 128 meg SD Memory card in the garmin, and view the Platinum's tracklog on the Garmin, would be neat. Problem would be the wearing out the SD memory card slots though. ------------------------ My home page about GPS units and information Quote Link to comment
+brdad Posted February 14, 2003 Share Posted February 14, 2003 I'm thinking I will start a geocaching chat room. I think it'd be nice to have a common place for us to all shoot the crap and talk about geocaching. And then I might pay someone to make a FAQ page for the Geocaching.com web site so that newbies can have a place to look up some guidelines about geocaching. Then I might see if I can fund some search pages for the forums for the newbies too. If I have any money left over, I might buy majicman's book. Not sure what I'll do with it unless it has pictures, but I can put it on my shelf and look important. Some people are like Slinkies . . . not really good for anything, but you still can't help but smile when you see one tumble down the stairs. Quote Link to comment
3fros Posted February 14, 2003 Share Posted February 14, 2003 We usually get about 3K back. I know, I know, I shouldn't be giving the government an interest-free loan, but it does force savings which would probably be spent on knick-knack-paddy-whacks instead. We'll probably pay some on momma's new Tribute, of which we also got an interest-free loan. Quote Link to comment
pbarr86 Posted February 14, 2003 Share Posted February 14, 2003 I'll use my refund for vacation in April. Which could lead to my first cache find on the other side of the country : ) Paul Quote Link to comment
mikeacrossamerica.com Posted February 14, 2003 Share Posted February 14, 2003 Hide your refund in a box near my house and give me coordinates. Alright, everyone.... GO! Mf I like nachos. Quote Link to comment
+VentureForth Posted February 14, 2003 Share Posted February 14, 2003 Half goes to property tax. Other half goes to paying off credit cards maxed out during Christmas. --------------- Go! And don't be afraid to get a little wet! Quote Link to comment
+Marky Posted February 16, 2003 Share Posted February 16, 2003 What is a tax refund? This is a foreign concept to me. --Marky "All of us get lost in the darkness, dreamers learn to steer with a backlit GPSr" Quote Link to comment
+Darkmoon Posted February 16, 2003 Share Posted February 16, 2003 Originally posted by Marky:What is a tax refund? This is a foreign concept to me. --Marky QUOTE] I totally agree, what is a refund? I always get some fed back but owe state so it always evens out! Darkmoon All you have to do to fly is throw yourself at the ground and miss! Quote Link to comment
+Jacksons Posted February 16, 2003 Share Posted February 16, 2003 I dont get a refund,BUT, I'll be glad to spend YOURS, just send it to me I'm a man and I can change if I have to,I guess. Quote Link to comment
+Volwrath Posted February 16, 2003 Share Posted February 16, 2003 I am getting over 1K back this year..Time to adjust the holdings, but to everyone saying you should break even, if I had the money earlier I would have put it in the stock market and it would only be worth $750, so Thanks Uncle Sam! Quote Link to comment
+leatherman Posted February 16, 2003 Share Posted February 16, 2003 I don't see the harm of giving the Gov an interest free loan. I wouldn't invest it if I had it all year around. I would just blow it on little things from month to month. I just look at it like an interest free trust fund.[] Instead over the years I've bought cars and many big ticket items. This year I bought a new PDA for caching. A Home entertainment system, and still had money for a ski trip to Big White in B.C. The little spending sprees are fun. Do not extend your expectations unto others, you will not be disappointed by the stupid things they do. Mokita! Quote Link to comment
95yj Posted February 16, 2003 Share Posted February 16, 2003 heh,heh,...I have to join in with the other self employed here. Like Arlo Guthrie said, "I didn't get nothin', I had to pay $50 and pick up the garbage." But that has been remedied for now. I broke down and got a *real* job this week. Dennis "The Menace" Mitchell Quote Link to comment
+Caching In Posted February 16, 2003 Share Posted February 16, 2003 Taxes, we don't need no stinkin taxes! Quote Link to comment
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