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Ooh No. Tax Time.

W

wraieghaeien

Limp Gawd
Joined
Nov 20, 2003
Messages
431
Hehehe, sorry just had to.

Tax man cometh and giveth much money.
So I finally pulled the trigger on an Opty 170.
Cant wait to get that puppy folding.


Weeeee.


 
wraieghaeien said:
Hehehe, sorry just had to.

Tax man cometh and giveth much money.
So I finally pulled the trigger on an Opty 170.
Cant wait to get that puppy folding.


Weeeee.
Click to expand...
Moose is jealous.
:)
 
why am I the only one that ends up PAYING taxes instead of getting some 4-digit return????
*sighs* I need a better job


Keep on Folding!! For the [H]orde!!

 
I'm not sure I'm ready for dependents ;) lol


Keep on Folding!! For the [H]orde!!

 
Good ol' tax man financing my Gruber rack (emulating the hanging garden kind of). The rest is going into the IRA :(

That opty 170 will be nice though - I'm loving my 175 (though it's been working on other things than F@H for the past couple days...good thing my farm is dedicated folding).

 
OSUguy98 said:
why am I the only one that ends up PAYING taxes instead of getting some 4-digit return????
*sighs* I need a better job
Click to expand...

You are not alone. I will probably be sending in 5 digits. :(
 
OSUguy98 said:
why am I the only one that ends up PAYING taxes instead of getting some 4-digit return????
*sighs* I need a better job


Keep on Folding!! For the [H]orde!!

Click to expand...

Sixth year running, pay the Feds, state pays me.

You are not alone, my friend... ;)

 
This is the first year I've not had to pay Fed taxes....... but my state tax made sure that I didn't come out ahead...... usually I have to pay both...... At least it's only something like $100......


Keep on Folding!! For the [H]orde!!

 
OSUguy98 said:
why am I the only one that ends up PAYING taxes instead of getting some 4-digit return????
*sighs* I need a better job
Click to expand...
I'm getting 3 back from state and federal - actually, state is already back.

The problem with getting money back is, you paid it out of your paycheck, the Fed gets to use it for a year, and then they get it back. Ideally, everyone would figure out what their tax for the next year would be like, claim an appropriate number of "fake dependents" so that they don't pay extra out of their paycheck, and then get back or pay a small difference at tax time. But I like paying full fare out of my paycheck...

because then I can say I got $500/hr at least one hour a year :D

 
true... I'd rather have my money for the year, and pay out once a year.... I tend to be able to budget myself so that It doesn't really effect me too much..... but not everyone is good with holding on to their $$$....


Keep on Folding!! For the [H]orde!!

 
I've gotten both state and federal refunds back already :D ..... And paid off a credit card with them. :(

Oldbenwa
 
blakex said:
The rest is going into the IRA :(
Click to expand...
You're funding a terrorist organization!? :eek: :mad:

j/k--Sticking it in a good Roth (and maxing your yearly contribution) is about the smartest thing you can do. We know for sure that Social Security won't be paying for us when we retire, thanks to our overproductive grandparents (side note--my parents are too old for that generation, and my oldest sister arrived a year too late, and I turn 25 tomorrow).

 
If i get any back it has to go towards my house im buying...but buying a house = modding it to handle folding garden better :) so i still win :) but i dont get to write off tuition this year :( 26000 from my wife's tuition was ALWAYS good ;)
 
roftranspo said:
but i dont get to write off tuition this year :( 26000 from my wife's tuition was ALWAYS good
Click to expand...
I sincerely hope you've heard of (and taken advantage of) the Hope credit. And if you've used up your two years from that, make sure you deduct it from your income. And if you've never used the Hope credit, you can apply for it retroactively! :cool:

 
Mohonri said:
j/k--Sticking it in a good Roth (and maxing your yearly contribution) is about the smartest thing you can do. We know for sure that Social Security won't be paying for us when we retire, thanks to our overproductive grandparents (side note--my parents are too old for that generation, and my oldest sister arrived a year too late, and I turn 25 tomorrow).
Click to expand...
Yeah, probably not going to max it out for 2005, but will get close with the tax refund going there...

Probably would have made it had I not built my HTPC/upgraded my main rig ;)

 
Mohonri said:
I sincerely hope you've heard of (and taken advantage of) the Hope credit. And if you've used up your two years from that, make sure you deduct it from your income. And if you've never used the Hope credit, you can apply for it retroactively! :cool:

Click to expand...
Hope credit? Whats that?
 
roftranspo said:
Hope credit? Whats that?
Click to expand...
Hope credit--you deduct your tuition from the amount of taxes you owe. Not from your income (that's a different thing), from your taxes. REALLY good stuff. And all you have to do is fill out a 1-page form. You can claim the Hope credit two years, and after that, you can only deduct tuition from your income.

 
Mohonri said:
Hope credit--you deduct your tuition from the amount of taxes you owe. Not from your income (that's a different thing), from your taxes. REALLY good stuff. And all you have to do is fill out a 1-page form. You can claim the Hope credit two years, and after that, you can only deduct tuition from your income.

Click to expand...
Thanks...i will check it out...yea...i have only been doing it from income
 
nope...cant use it since i deduceted it...but thats ok since tuition = 26,000 and income was only 19,000 for those years so my adjusted income was only -7000 dollars :) i love private school :rolleyes:
 
Waiting till my father gets my taxes done, and I shall get a AMD 64 x2 3800+, then 2 semprons for the large folding boxen.
 
I get over $3,400 back (having a kid finally paid off) but instead of a new box it's going towards a new house :(
 
tdg said:
I get over $3,400 back (having a kid finally paid off) but instead of a new box it's going towards a new house :(
Click to expand...
you have to look at it from my stand point....new house = modding house to cool your boxen better :)
 
All I know is that in Ontario (Canada) we get 'moose'd' on tax, shit when buying a car we pay tax on the tax! That said I know tuition here is a lot cheaper for 'A' level University's because our once leftish wing government donates too all levels of Education.

What are typical taxes like in the States in Ontario it's

7% Government
8% Provincial

On evvvverything, well, except certain items but nothing of value.
 
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