Tax time
Tax time
Who's paying? Who's getting a refund? And if you're getting a refund, what are you spending it on?
I'll probably get a decent refund. I need to pay bills but I might get a computer while I'm at it.
I'll probably get a decent refund. I need to pay bills but I might get a computer while I'm at it.
-
- Legendary
- Posts: 829
- Joined: Tue Feb 13, 2007 10:04 pm
- Gender: Male
- Mood: Indifferent
- Location: The Moon
Re: Tax time
I don't have to pay taxes just yet. Bwahah!
>.> I'm glad I don't. The taxes in this country are among the highest in Europe. Over 50% income tax, and about 20-25% sales tax.
>.> I'm glad I don't. The taxes in this country are among the highest in Europe. Over 50% income tax, and about 20-25% sales tax.
- Terastas
- Legendary
- Posts: 5193
- Joined: Thu Nov 25, 2004 4:03 pm
- Custom Title: Spare Pelican
- Gender: Male
- Location: Las Vegas
- Contact:
Re: Tax time
Spent the whole freakin' year in 2008 unemployed, so I won't even be filing this year.
*sigh* I honestly never thought I'd say this, but in this case, it's true: I can't wait until I have to do my taxes.
*sigh* I honestly never thought I'd say this, but in this case, it's true: I can't wait until I have to do my taxes.
Re: Tax time
Heh I made this thread without realizing that probably more than half of the people here are teenagers or college students who don't have full time jobs or don't pay taxes. Whoops.
-
- Game Master
- Posts: 931
- Joined: Wed Oct 15, 2008 6:08 am
- Custom Title: Dastardly ne'er-do-well in search of a lickspittle
- Gender: Male
- Location: Ye olde frozen northlands.
Re: Tax time
I completely forgot about it last year, and just remembered about it this year, and I still have pretty much no idea what to do about it. So, I fully expect the tax men to come abduct me.
- WerewolfKeeper3
- Legendary
- Posts: 851
- Joined: Wed May 02, 2007 1:01 pm
- Custom Title: Darkness Surrounds me, Chaos commands me, and i see what others cannot
- Gender: Male
- Mood: Relief
- Location: Somewhere...
- Contact:
Re: Tax time
({watches Wingman dragged off to somewhere unknown} Hmmm... don't see that everyday...)Wingman wrote:I completely forgot about it last year, and just remembered about it this year, and I still have pretty much no idea what to do about it. So, I fully expect the tax men to come abduct me.
Yeah... maybe he should go ask someone at the tax office or something... as for me... i'm nineteen, but last year was the first time i ever filed anything. And i don't know what's what so... eh...
No what you have are bullets in the hope that when your guns are empty I'm no longer standing. Because if I am, you'll all be before you've reloaded.
V, from V for Vendetta.
What a strange creature is man, that he cages himself so willingly?
-Athena from Appleseed (2004)
V, from V for Vendetta.
What a strange creature is man, that he cages himself so willingly?
-Athena from Appleseed (2004)
- MoonKit
- Legendary
- Posts: 2955
- Joined: Fri Jul 14, 2006 2:00 pm
- Custom Title: That Girl With The Ferrets
- Gender: Female
- Mood: Indifferent
- Location: In Hiding
Re: Tax time
Nooooooooo! The dreaded taxes.
I have to file mine one of these days. Last year I owed like $300. *groans* But my boss and her accountant were supposed to fix it so they took more out so hopefully I'll get something back instead.
I have to file mine one of these days. Last year I owed like $300. *groans* But my boss and her accountant were supposed to fix it so they took more out so hopefully I'll get something back instead.
You are the only light there is for yourself my friend
- Kaebora
- Moderator
- Posts: 2444
- Joined: Sat Aug 13, 2005 4:51 pm
- Custom Title: Werehare In Disguise
- Gender: Male
- Mood: RAR!
- Location: Dallas, TX
- Contact:
Re: Tax time
Probobly getting a big enough refund to pay off my credit card. Not much extra after that. If everyone uses their refunds to pay off debts, the economy will improve a bit.
I honestly beleive everyone will be getting smaller refunds this year to offset the government's national debt increase.
I honestly beleive everyone will be getting smaller refunds this year to offset the government's national debt increase.
Lurking softly, reading your posts, loving your ideas...
-Kaebora
-Kaebora
- W'rkncacnter
- Legendary
- Posts: 76
- Joined: Sun Oct 05, 2008 10:53 am
- Custom Title: Hard to Pronounce
- Gender: Male
- Location: North America
Re: Tax time
I haven't held a job this fiscal year (too busy with college), so I don't have to pay taxes, nor to I get paid so i can pay taxes.
The only job I ever held was over the summer of '07 (at Burger King), and I've already paid the taxes for that. So, in the realm of taxes, my opinion is officially, 'meh'.
The only job I ever held was over the summer of '07 (at Burger King), and I've already paid the taxes for that. So, in the realm of taxes, my opinion is officially, 'meh'.
What can create a new system, or destroy an old one? What can change the lives of everyone who touches it? What can strengthen the whole world, or shake it to its very roots? What can create whole nations, and change the course of history?
An idea.
-Unknown
An idea.
-Unknown
- RedEye
- Moderator
- Posts: 3400
- Joined: Sun Jun 25, 2006 11:45 pm
- Custom Title: Master of Meh
- Gender: Male
- Mood: Meh...
- Location: Somewhere between here and Wolf Bend, Montana.
Re: Tax time
Hint for those who "don't have to file".
File anyway!
You might be too poor to owe taxes, but the Government wants to know that you are. So, you file, even if your income was zero. Trust me, it works in your favor with the Govern-Mint people when they get curious.
Ask your payroll people to do an estimate of what you would get if you filed Single/0 dependents. The big S-0. If you can survive on it, then change your W-2 to S-0 from whatever it is now. Why? Because you will get taxmoney back when you file, that's why.
For those of you who do have money coming back: Avoid the "Tax-Loan" where the tax people give you your refund early. Why? It costs an average of 20% of your refund, when you add in what you pay to have your taxes figured by one of these people to what they charge for their "advance" or Loan.
Now finally, for those who are getting an obscenely huge refund: Invest it! Yeah, the market is down now. That means that stocks are at a discount versus their usual value. Spend $1.00. get $1.25 back in two years. Seriously, now is when the smart ones buy, since the stock market won't stay down forever, and when it comes back up, your dollar's worth of stock can in time become two or three dollars worth. All you have to do is wait. That's what I did, and why I could afford to retire in my fifties, rather than wait until I was sixty-whatever and too old to enjoy all that money.
File anyway!
You might be too poor to owe taxes, but the Government wants to know that you are. So, you file, even if your income was zero. Trust me, it works in your favor with the Govern-Mint people when they get curious.
Ask your payroll people to do an estimate of what you would get if you filed Single/0 dependents. The big S-0. If you can survive on it, then change your W-2 to S-0 from whatever it is now. Why? Because you will get taxmoney back when you file, that's why.
For those of you who do have money coming back: Avoid the "Tax-Loan" where the tax people give you your refund early. Why? It costs an average of 20% of your refund, when you add in what you pay to have your taxes figured by one of these people to what they charge for their "advance" or Loan.
Now finally, for those who are getting an obscenely huge refund: Invest it! Yeah, the market is down now. That means that stocks are at a discount versus their usual value. Spend $1.00. get $1.25 back in two years. Seriously, now is when the smart ones buy, since the stock market won't stay down forever, and when it comes back up, your dollar's worth of stock can in time become two or three dollars worth. All you have to do is wait. That's what I did, and why I could afford to retire in my fifties, rather than wait until I was sixty-whatever and too old to enjoy all that money.
RedEye: The Wulf and writer who might really be a Kitsune...
-
- Game Master
- Posts: 931
- Joined: Wed Oct 15, 2008 6:08 am
- Custom Title: Dastardly ne'er-do-well in search of a lickspittle
- Gender: Male
- Location: Ye olde frozen northlands.
Re: Tax time
I know I did the paperwork two years ago, which sort irritated the people when I wandered into their office and somehow convinced them to help me out even though I didn't have an appointment. That reminds me, I think I've still got an expired check for like $40 sitting around from when I got my glasses. Yup, from October 2007, and it expired 90 days after that. Excellent.
- Xiroteus
- Legendary
- Posts: 1052
- Joined: Sat Jul 01, 2006 10:24 pm
- Gender: Male
- Mood: Happy
- Location: United States
- Contact:
Re: Tax time
Yes, I would love to have to pay a million in taxes, know how much I would have to pay to make that?Terastas wrote:Spent the whole freakin' year in 2008 unemployed, so I won't even be filing this year.
*sigh* I honestly never thought I'd say this, but in this case, it's true: I can't wait until I have to do my taxes.
- Kaebora
- Moderator
- Posts: 2444
- Joined: Sat Aug 13, 2005 4:51 pm
- Custom Title: Werehare In Disguise
- Gender: Male
- Mood: RAR!
- Location: Dallas, TX
- Contact:
Re: Tax time
Hey Redeye, where might someone go to get advice and/or assistance with investing money?
Lurking softly, reading your posts, loving your ideas...
-Kaebora
-Kaebora
- RedEye
- Moderator
- Posts: 3400
- Joined: Sun Jun 25, 2006 11:45 pm
- Custom Title: Master of Meh
- Gender: Male
- Mood: Meh...
- Location: Somewhere between here and Wolf Bend, Montana.
Re: Tax time
They are called Investment Counsellors, and try to find one that has been around for twenty or so years and is already wealthy.
Really. Even in these times, there are fortunes to be made by people who are patient and willing to invest regularly. Think of it as savings that pays two oe three times the average.
Now is a great time to invest. Stocks are down. They will go back up and that is free money.
Figure on a minimum of twenty years, though. And don't invest a cent that you couldn't just toss out the window and not miss it. That's how it works. You won't make money unless your money is making money as well.
And: During the Great Depression, there were more people who became Millionaires then, than in the twenty years before it happened.
Really. Even in these times, there are fortunes to be made by people who are patient and willing to invest regularly. Think of it as savings that pays two oe three times the average.
Now is a great time to invest. Stocks are down. They will go back up and that is free money.
Figure on a minimum of twenty years, though. And don't invest a cent that you couldn't just toss out the window and not miss it. That's how it works. You won't make money unless your money is making money as well.
And: During the Great Depression, there were more people who became Millionaires then, than in the twenty years before it happened.
RedEye: The Wulf and writer who might really be a Kitsune...
- Kaebora
- Moderator
- Posts: 2444
- Joined: Sat Aug 13, 2005 4:51 pm
- Custom Title: Werehare In Disguise
- Gender: Male
- Mood: RAR!
- Location: Dallas, TX
- Contact:
Re: Tax time
So talking to someone at Merrill Lynch or Fidelity Investments would be a good idea? Hmmmm.
Lurking softly, reading your posts, loving your ideas...
-Kaebora
-Kaebora
-
- Legendary
- Posts: 829
- Joined: Tue Feb 13, 2007 10:04 pm
- Gender: Male
- Mood: Indifferent
- Location: The Moon
Re: Tax time
Hold up. If it's tax time...
You pay taxes if you make over $3,000 dollars, right? How do you pay those taxes if you now live out-of-country?
You pay taxes if you make over $3,000 dollars, right? How do you pay those taxes if you now live out-of-country?
- Uniform Two Six
- Legendary
- Posts: 1142
- Joined: Wed Sep 06, 2006 8:56 pm
- Location: Hayward, CA
Re: Tax time
I won't be getting a refund either way. I live in California. We're broke (the State, that is). Word just came down from Sacramento: Franchise Tax Board will be issuing IOUs instead of refund checks. Welcome to The Great Depression V2.0! I wonder if I owe any taxes next year, if Franchise Tax Board would accept an IOU from me. Hmmmm... Y'know, I think I may be on to something here...
- Alpha
- Legendary
- Posts: 287
- Joined: Thu Dec 16, 2004 12:26 am
- Gender: Male
- Mood: Stressed
- Location: California
Re: Tax time
Uniform Two Six wrote:I won't be getting a refund either way. I live in California. We're broke (the State, that is). Word just came down from Sacramento: Franchise Tax Board will be issuing IOUs instead of refund checks. Welcome to The Great Depression V2.0! I wonder if I owe any taxes next year, if Franchise Tax Board would accept an IOU from me. Hmmmm... Y'know, I think I may be on to something here...
WOW! You're in Hayward?! We're literally neighbors. This year, I'd love to get an IOU as opposed to owing like I have been for the past few years.
- Lupin
- Legendary
- Posts: 6129
- Joined: Sun Jun 19, 2005 11:26 pm
- Custom Title: Ninja BOFH
- Gender: Male
- Location: 29°30.727'N 98°35.949'W
- Contact:
Re: Tax time
But that just means the government has been holding on to my money for what could be the better part of the year, and I could have had that money earning interest in a bank account or invested somewhere.RedEye wrote:Ask your payroll people to do an estimate of what you would get if you filed Single/0 dependents. The big S-0. If you can survive on it, then change your W-2 to S-0 from whatever it is now. Why? Because you will get taxmoney back when you file, that's why.
I don't get my 1099 until Feb 17th so I can't file until then.
- IndianaJones
- Legendary
- Posts: 528
- Joined: Wed Sep 05, 2007 11:08 pm
- Custom Title: Anime/Furry/Disney Fanatic
- Gender: Male
- Additional Details: I like transformations and humans being turned into animals, furries, and monsters.
- Mood: Relief
- Location: USA
- Contact:
Re: Tax time
*awk* Carbon Taxes *awk* Your money is stolen!
Disney/Disneyland fans and theme parks!
http://micechat.com/
http://steamcommunity.com/id/ZanderFox/
http://micechat.com/
http://steamcommunity.com/id/ZanderFox/
- Kaebora
- Moderator
- Posts: 2444
- Joined: Sat Aug 13, 2005 4:51 pm
- Custom Title: Werehare In Disguise
- Gender: Male
- Mood: RAR!
- Location: Dallas, TX
- Contact:
Re: Tax time
I'm filing literally tonight. Five W-2 forms, a company investment form, and a good amount of United Way donations. I'm getting a BIG refund after all. I'm going to H&R Block to make sure that it's all covered. The Turbo Tax website is limited and confusing when it comes to complex deductions.
Lurking softly, reading your posts, loving your ideas...
-Kaebora
-Kaebora
- RedEye
- Moderator
- Posts: 3400
- Joined: Sun Jun 25, 2006 11:45 pm
- Custom Title: Master of Meh
- Gender: Male
- Mood: Meh...
- Location: Somewhere between here and Wolf Bend, Montana.
Re: Tax time
And to repeat myself, DON'T take the "Instant Refund" that H&R Block offers!Kaebora wrote:I'm filing literally tonight. Five W-2 forms, a company investment form, and a good amount of United Way donations. I'm getting a BIG refund after all. I'm going to H&R Block to make sure that it's all covered. The Turbo Tax website is limited and confusing when it comes to complex deductions.
You pay an exorbitant rate, and if the government has any questions, you have to refund what they gave you.
Yeah; I got bit by that a couple of years back...
RedEye: The Wulf and writer who might really be a Kitsune...
-
- Game Master
- Posts: 931
- Joined: Wed Oct 15, 2008 6:08 am
- Custom Title: Dastardly ne'er-do-well in search of a lickspittle
- Gender: Male
- Location: Ye olde frozen northlands.
Re: Tax time
Hmm, just got my T4 and latest paycheck, apparently my income for 2008 was 6.5k, or very close to that. Hurrah for minimum wage, a few months off, and low, low, hours.
Hahahaha. Man, I am glad I haven't had to pay more than my phone bill.
I can't stop laughing, one of my coworkers used to make more than that much per month.
Hahahaha. Man, I am glad I haven't had to pay more than my phone bill.
I can't stop laughing, one of my coworkers used to make more than that much per month.