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How much was your tax return and what did you do with the money?

Discussion in 'BBS Hangout' started by noize, Apr 11, 2005.

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noize Member

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I got my last week in the mail thanks to e-filling. A check for $2110.00 and I spend a portion of it on a sony PSP and the rest to my savings. I thought about paying off my credit card with it, but thats no fun and I already have low interest rate on them.

#1 noize, Apr 11, 2005

drapg Member

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I just filed my taxes today... with a big fat check for the IRS.

#2 drapg, Apr 11, 2005
Jeff Clutch Crew

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People get money back?

#3 Jeff, Apr 11, 2005
Harrisment Member

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We had to pay $1,200.

#4 Harrisment, Apr 11, 2005
JeeberD Member

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$650 bucks.

It all went towards Valentine's Day...

#5 JeeberD, Apr 11, 2005
A-Train Member

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Originally posted by Jeff
People get money back?
Click to expand...

Yeah...how do ya like that freedom of working from home now?

My entire refund is for Disney World this August...

#6 A-Train, Apr 11, 2005
mc mark Member

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I too will be writing a check to the IRS this year due to taking the money and running on some stock.

Oh well it was worth it...

#7 mc mark, Apr 11, 2005

Jeff Clutch Crew

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Originally posted by A-Train
Yeah...how do ya like that freedom of working from home now?

My entire refund is for Disney World this August...
Click to expand...

Well, if I had been more organized this past year and paid estimated tax, I'd be getting money back too.

#8 Jeff, Apr 11, 2005
Falcons Talon Member

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Close to 2g's.

Some went to a trip to Florida, some went to a new, high performance engine.

#9 Falcons Talon, Apr 11, 2005
Toast Member

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Somehow it's looking like I owe the gubment more than 2 bills.

Anyone know the rule with Roth IRAs and how they negatively impact my tax return? Preferably the dummed down version?

#10 Toast, Apr 11, 2005
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Originally posted by noize
I got my last week in the mail thanks to e-filling. A check for $2110.00 and I spend a portion of it on a sony PSP and the rest to my savings. I thought about paying off my credit card with it, but thats no fun and I already have low interest rate on them.
Click to expand...

How low could your interest rated on credit card be? Lower than your savings interest?

#11 pirc1, Apr 11, 2005
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I never understand the thrill of getting your own money back.

Refund hoarders:

Q: So how does it feel to give the IRS an interest free loan out of your pocket?

A: Pretty dang good.

IRS owers:

Q. So how does it feel to have paid the IRS less than what you actually owed them throughout the year and had that extra cash in your pocket?

A: It sucks.

No wonder we're a nation of debtors.

#12 RIET, Apr 11, 2005
The Real Shady Member

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$444 - Two chicks at the same time.

#13 The Real Shady, Apr 11, 2005

pirc1 Member

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Originally posted by The Real Shady
$444 - Two chicks at the same time.
Click to expand...

Which city? The rate varies you know!

#14 pirc1, Apr 11, 2005
drapg Member

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Originally posted by RIET

Click to expand...

The problem is... I already theoretically spent that money in my head. I had no idea I would owe anything.

I forgot that I won a few thousand on my last trip to the casinos in LA. I bought a nice new HDTV with that cash.

#15 drapg, Apr 11, 2005
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I should probably start on my return soon.

#16 SamCassell, Apr 11, 2005
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Originally posted by Toast
Somehow it's looking like I owe the gubment more than 2 bills.

Anyone know the rule with Roth IRAs and how they negatively impact my tax return? Preferably the dummed down version?
Click to expand...

A ROTH will really not have any impact on your current return other then the fact that you do not get a current tax deduction for it. However, you are not going to owe tax on the earnings when you take it out in the future upon retirement. That being said, a ROTH is one of the best savings vehicles out there IMO. I would do a ROTH over a traditional IRA, you will come out better in the long run.

#17 Rockets Red Glare, Apr 11, 2005
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I got $800 back, $600 was spent on books for school.

#18 Lil Pun, Apr 11, 2005

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1800- down payment for my wedding, ****..

#19 NBAHOU713, Apr 11, 2005
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I got quite a bit back because I just had a baby and the gubment gives you a nice little break on that. All that money went to pay the ****ing doctors and hospital the cost of delivering that baby.

#20 JuanValdez, Apr 11, 2005

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