What did everyone spend their tax returns on?

Terro · 02-27-2007, 09:06 PM

Some CC debt and the rest on 335I down payment

NaTuReB0Y · 02-27-2007, 09:12 PM

$4,000 is going towards my wife's nurse anesthetist program(initial payment)...
she just got accepted to the program.....

$525 is going for my higher education on-line course.....

and the rest....probably a down payment for a new Honda Fit or Scion xD........

0700700 · 02-27-2007, 09:18 PM

hookers

longtran · 02-27-2007, 09:21 PM

Quote:

Originally Posted by NaTuReB0Y

$4,000 is going towards my wife's nurse anesthetist program(initial payment)...
she just got accepted to the program.....

$525 is going for my higher education on-line course.....

and the rest....probably a down payment for a new Honda Fit or Scion xD........

congrats from Jenn and I...

NaTuReB0Y · 02-27-2007, 09:22 PM

Quote:

Originally Posted by longtran

congrats from Jenn and I...

thanks foo......

hotsand5 · 02-27-2007, 10:30 PM

I put mine in a 5.45% 9mo CD...great rate IMO. All proceeds are going towards the new M3!

ChadE · 02-27-2007, 10:44 PM

Quote:

Originally Posted by 0700700

hookers

Dude so did i!!!!

darkcloud · 02-27-2007, 10:55 PM

I don't get money back, I have to pay them

. Nah it's all good though, since I'm self employeed I don't pay taxes until the end of the year which I don't mind so much. This way I know I'm paying exactly what is owed. Plus I get to make money of off my taxes over the year. Each paycheck I deduct the amount that should be taxed and throw it into a money market, whatever is left over in the end is my tax return

. I also have the option to pay my taxes quarterly, which this will be my first go around filing self employeed. My Dad has been doing it for years and it seems to work great for him, although my brother bitches about it but he seems to bitch about everything anyways

Asiann · 02-28-2007, 05:42 AM

I don't like getting anything back and my $45 return might buy a decent meal out one night. I don't understand why people like to receive large checks at the end of the year that gives the Govt a free loan for a year

People don't know how to save or don't use the IRS witholding calculator right?

txusa03 · 02-28-2007, 08:29 AM

Quote:

Originally Posted by Asiann

I don't like getting anything back and my $45 return might buy a decent meal out one night. I don't understand why people like to receive large checks at the end of the year that gives the Govt a free loan for a year

People don't know how to save or don't use the IRS witholding calculator right?

I am in, where can I buy that calculator?

ganeil · 02-28-2007, 09:28 AM

Quote:

Originally Posted by dr325i

Here we go again....
You really think I can't add 3 numbers???
my income went up by 4%, my tax return is 1/3 of what it was last year.
Nothing has changed on my W4...

I did not ask about last year. There were no cuts in the marginal tax rates last year. If there is a change in your refund it means less was withheld or, more likely, your deductions changed.

I have no doubt you can add 3 numbers, it is putting together 3 rational thoughts that is in question.

Brunotheboxer · 02-28-2007, 09:53 AM

Quote:

Originally Posted by ctgazer

are you freeballin?

only on weekends.

0700700 · 03-01-2007, 10:04 AM

Quote:

Originally Posted by chade7320

Dude so did i!!!!

money well spent , wouldnt you say

NaTuReB0Y · 03-01-2007, 07:00 PM

Quote:

Originally Posted by Asiann

I don't like getting anything back and my $45 return might buy a decent meal out one night. I don't understand why people like to receive large checks at the end of the year that gives the Govt a free loan for a year

People don't know how to save or don't use the IRS witholding calculator right?

work the system....and you'll get more $$$$ back.

cm3rc · 03-01-2007, 08:41 PM

^ HOW?!?!

67bmer · 03-01-2007, 09:43 PM

we just got married last year and are getting a refund this year.

I am a little pissed.

The problem with refunds is that the govt. considers it income in the year it was received wich means that it gets double taxed. You already paid it as tax in the previous year! So not only does the geovt. get a free loan from you, they bend you over and give it to you in the rear besides just for being stupid.

Collanrf · 03-01-2007, 09:59 PM

Savings and Property Tax

scottwww · 03-04-2007, 07:44 PM

Quote:

Originally Posted by ganeil

You get money back?

+1
Before my time there was no withholding. But the government decided that it was easier to enforce the tax if it was withheld from income. Fortunately for the government, and unfortunately for all of us, the IRS has an easier time collecting high taxes without much complaint by enforcing withholding.

Some idiots actually want the government to collect higher rates of tax. That's really something when federal income tax was supposed to be a temporary tax to fund national defense for World War I.

Never let a new tax be created, or to allow a tax rate to increase. It is next to impossible for the government to let a tax expire.

NaTuReB0Y · 03-04-2007, 07:59 PM

My new toy........

zamboni · 03-04-2007, 08:44 PM

Property tax.

scottwww · 03-04-2007, 09:13 PM

Quote:

Originally Posted by zamboni

Property tax.

spesrf25 · 03-04-2007, 10:26 PM

Mine is going towards my downpayment. It allowed me to place my order a month early, whoohoo!!!
On the other hand, my wife's income is getting dual-taxed by the US and UK

. Blood sucking governments!!!

02-27-2007, 09:06 PM	#23
Terro New Member 3 Rep 29 Posts Drives: Space gray 335I 6spd Join Date: Feb 2007 Location: Lawrenceville GA iTrader: (0)	Some CC debt and the rest on 335I down payment
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02-27-2007, 09:12 PM	#24
NaTuReB0Y Powered By 36DD 374 Rep 7,369 Posts Drives: 2006 E90 Join Date: Jul 2005 Location: Inland Empire iTrader: (12)	$4,000 is going towards my wife's nurse anesthetist program(initial payment)... she just got accepted to the program..... $525 is going for my higher education on-line course..... and the rest....probably a down payment for a new Honda Fit or Scion xD........ __________________ 2006 E90 330i Jet Black \| 20" WORK VS-XX \| FK452 \| H&R Sport on Koni Yellow \| REMUS QUAD
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02-27-2007, 09:18 PM	#25
0700700 Major 82 Rep 1,055 Posts Drives: 745li / cls 55 Join Date: Dec 2005 Location: BG iTrader: (0)	hookers
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02-27-2007, 10:30 PM	#28
hotsand5 hotsand5 50 Rep 806 Posts Drives: 2006 BMW 330i 6spd Join Date: Nov 2005 Location: chicago iTrader: (0) Garage List 2006 330i [0.00]	I put mine in a 5.45% 9mo CD...great rate IMO. All proceeds are going towards the new M3! __________________ -2006 BMW 330i-Sapphire Black- Tera Leather-Aluminum trim- 6spd manual- Sport- Premium- Cold- Navigation- Euro. delivery -2005 Yamaha Warrior 1700 102cu"
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02-27-2007, 10:55 PM	#30
darkcloud Colonel 361 Rep 2,385 Posts Drives: 09 VW JSW Join Date: Aug 2006 Location: cleveland, oh iTrader: (2) Garage List 2006 325i [0.00]	I don't get money back, I have to pay them . Nah it's all good though, since I'm self employeed I don't pay taxes until the end of the year which I don't mind so much. This way I know I'm paying exactly what is owed. Plus I get to make money of off my taxes over the year. Each paycheck I deduct the amount that should be taxed and throw it into a money market, whatever is left over in the end is my tax return. I also have the option to pay my taxes quarterly, which this will be my first go around filing self employeed. My Dad has been doing it for years and it seems to work great for him, although my brother bitches about it but he seems to bitch about everything anyways __________________ retired 06 E90 325i New: 09 VW Platinum Grey Jetta Sportwagen 2.0T SEL w/DSG, panoramic sunroof and Ipod adapter
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02-28-2007, 05:42 AM	#31
Asiann Got Seoul? 118 Rep 2,862 Posts Drives: 2012 535i MSport Join Date: Dec 2005 Location: Honolulu iTrader: (0) Garage List 2012 BMW 535i [0.00] 2008 750Li [0.00] 2006 BMW [0.00]	I don't like getting anything back and my $45 return might buy a decent meal out one night. I don't understand why people like to receive large checks at the end of the year that gives the Govt a free loan for a year People don't know how to save or don't use the IRS witholding calculator right? __________________ Can you say Alooooha? [SIGPIC][/SIGPIC]
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03-01-2007, 08:41 PM	#37
cm3rc Colonel 85 Rep 2,221 Posts Drives: 2006 E90 Join Date: Dec 2005 Location: Ferndale MI iTrader: (8) Garage List 06 325i [0.00]	^ HOW?!?! __________________ www.socale90.com
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03-01-2007, 09:43 PM	#38
67bmer Private 24 Rep 77 Posts Drives: BMW 325is, e92 328i Join Date: Mar 2006 Location: md iTrader: (0)	we just got married last year and are getting a refund this year. I am a little pissed. The problem with refunds is that the govt. considers it income in the year it was received wich means that it gets double taxed. You already paid it as tax in the previous year! So not only does the geovt. get a free loan from you, they bend you over and give it to you in the rear besides just for being stupid.
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03-01-2007, 09:59 PM	#39
Collanrf Major 86 Rep 1,125 Posts Drives: BMW 335i, Alpine White M Sport Join Date: Nov 2005 Location: San Diego iTrader: (2) Garage List 2011 BMW 335i [0.00]	Savings and Property Tax __________________ /// 2011 E90 335i M SPORT, ALPINE WHITE/// STEPTRONIC /// ZENON HEADLIGHTS/// 35% TINTS ALL AROUND /// 19 INCH BBS LM REPS ///BLACKED OUT ROUNDELS /// BLACK OUT GRILLS/// ACS ROOF SPOILER /// M3 REAR SPOILER /// LTMW INSTALLED (VOLLKOMMEN) M SPORT FRONT LIP /// BMS INTAKE/// Last edited by Collanrf; 03-05-2007 at 12:02 AM..
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03-04-2007, 07:59 PM	#41
NaTuReB0Y Powered By 36DD 374 Rep 7,369 Posts Drives: 2006 E90 Join Date: Jul 2005 Location: Inland Empire iTrader: (12)	My new toy........ __________________ 2006 E90 330i Jet Black \| 20" WORK VS-XX \| FK452 \| H&R Sport on Koni Yellow \| REMUS QUAD
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03-04-2007, 08:44 PM	#42
zamboni I want to drive a Zamboni 1196 Rep 5,616 Posts Drives: 13 E93 M3 18 F80 M3 16 K71 Join Date: Mar 2006 Location: Monte Sereno, CA iTrader: (7) Garage List 16 K71 F800GT [10.00] 2018 F80 M3 [10.00] 2013 BMW E93 M3 [10.00]	Property tax. __________________ 18 F80 Imola Red 6MT 16 K71 F800GT Montego Blue 13 E93 M3 Melbourne Red 2000 E46,2006 E90,09 E82,13 E93 328i,14 F30 335i,18 F80 M3 My next vehicle would be a Zamboni
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03-04-2007, 10:26 PM	#44
spesrf25 Second Lieutenant 38 Rep 244 Posts Drives: X5d X-Line Join Date: Dec 2006 Location: NJ iTrader: (0)	Mine is going towards my downpayment. It allowed me to place my order a month early, whoohoo!!! On the other hand, my wife's income is getting dual-taxed by the US and UK . Blood sucking governments!!! __________________ BMW X5d (Ordered) 2007 335i Coupe (sold)
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