With my tax return I'm...

[CaptainSolo1138]

Paying off hella credit card debt (!!!) and buying a new car.


You?

[Jedi_Kal-El]

Playstation 3 and a Big Screen since I don't have any huge debts from last year. :thumbsup:

[TeeEye7]

Probably buying a new A/C-heater system......@#%&*! thing just died. :AURRGH!:

[DarthQuack]

Paying off my car and getting an 42" HDTV.

[stillakid]

Refund? :confused:

[Mr. JabbaJohnL]

I think I'll be getting around $100 from my summer work at Target, so I'll either put it towards the upcoming onslaught (and then apparent draught) of Star Wars stuff or just use it for various social endeavors. O yes!

[Slicker]

I got like $1,100 back. For now I just put it into savings. I'm about to move out and it's gonna cost hella money. All told it's about $9,000 to move into a house here (yes that's three zeroes). The Navy pays for it up front but then I have 1 year to pay 'em back. On top of me getting furniture it's gonna be a costly year. Add to that a $1,000 plane ticket to go home at some point and Slicker's broke for the year and it's only February.:(

[Exhaust Port]

Hookers and blow.

If I have anything left over it'll go towards a credit card.

[CaptainSolo1138]

Refund? :confused:
Another reason I love my children.

Does the fact that you spent so much time out of country this year make you taxes a pain in the butt?

[Neuroleptic]

Refund? What refund?

I usualy wind up having to PAY taxes. Though since we addopted a kid 16 months ago, we wound up getting 200 back last year. That will probably go toward the house payment. Ths year we may get more since we are going to try itemising.

I'm lucky enough not to have credit card debt.

Now, if you mean this refund they are talking about giving us to stimulate the economy later this yea that will be going into savings. Though I do plan to take a few bucks of it and buy a star wars figure to celebrate.

[jedi master sal]

Recliner, PS3+games, toys

[JediTricks]

A limo, perhaps a nice stretch job with a TV and a bar. A mansion and a yacht. And maybe if there's anything left over, a cup of coffee.

[Jedi_Kal-El]

Recliner, PS3+games, toys


A limo, perhaps a nice stretch job with a TV and a bar. A mansion and a yacht. And maybe if there's anything left over, a cup of coffee.

I like the way you two think. :thumbsup:

[LusiferSam]

I'm with stilla and Neuroleptic. What refund? All I do is pay.

[JediTricks]

A limo, perhaps a nice stretch job with a TV and a bar. A mansion and a yacht. And maybe if there's anything left over, a cup of coffee.
BTW, 10 points to anybody who can name all 3 references I just made there.

[DarthQuack]

I'll name the first, Ferris Bueller's Day off.

[jedi master sal]

I like the way you two think. :thumbsup:

Well mine are simple enough and achievable. lol

[stillakid]

Another reason I love my children.

Does the fact that you spent so much time out of country this year make you taxes a pain in the butt?

Oh my f'in god. I just spent HOURS itemizing everything and it just all "went away." :eek: Yeah, it's a major pain in the *** this year compounded by having to do a ton of currency conversions from three different currencies.

Sh**! :cry: If I start again in the morning, I might be done by the time the Superbowl comes on.

[Jargo]

your tax system is well weird.

[Bel-Cam Jos]

A limo, perhaps a nice stretch job with a TV and a bar. A mansion and a yacht. And maybe if there's anything left over, a cup of coffee.
Limo: (already guessed)
Perhaps a nice stretch job: Mr. Fantastic from Fantastic Four
A bar: Cheers
A mansion and a yacht: Mass murderer Charles playing a dice game-zee?
A cup of coffee: Spies Like Us

Mail my 10 points to:

Bel-Cam Jos
P.O. Box 1138
Pueblo, CO TK421-1138

And I usually end up getting a little refund (as little as $4 from state one time, around $200 federal on average), so there's no "big" plan. Often it covers my fee for filing (I used to do it myself, but now someone else keeps my yearly records and it's fast to bring up those things). So what will I buy with my refund? Like everyone else, feed my gasoline addiction. :upset:

[stillakid]

your tax system is well weird.

I, and most of Americans, are with you.

I wish we had something more like an "expense tax" as opposed to income tax. It gets a little complicated (and political) but the general gist is that "someone" comes up with a comprehensive list of everything people buy (it's a big list, I know). Then, this someone or committee determines the things that are "necessary" to life and the things that are "extra" and/or "luxury" items. The necessary things are taxed at a lower rate when you buy them and the luxury/unnecessary things are taxed higher. So, if someone buys a practical sensible vehicle, he pays the purchase price and a reasonable tax that goes to state and federal. If he buys something more "luxurious," the tax percentage on the vehicle is higher.

So, the bottom line of that system is that A) everybody gets to keep every dollar they earn. Period. That makes the corporate Republican elite happy. Then B) YOU determine how much of your money will be sent to the government based on how much you spend and what you spend it on. Buy lots of things? You'll pay more than someone who saves. Buy lots of EXPENSIVE things? You'll pay even more for the privilege of owning expensive luxury items, like sports cars and large homes.

But the Republicans wouldn't like B in that equation as it wouldn't allow for loopholes that let them keep their money no matter what they spend. So we are stuck with a ridiculously complicated tax system that punishes the Middle Class for just trying to earn a living. :hurt:

[JediTricks]

I'll name the first, Ferris Bueller's Day off.
Yup, but those points only come with answering all 3.

[bobafrett]

I'm using my tax refund for my wedding. After all the food, tux, hall rental, limo, D.J., church, cake, aren't free.

I want to get the fourth tattoo. Waiting to see about other situation in my life that might affect others before I go do something like that.

Last year I got a $1,700.00 tax refund

[Mr. JabbaJohnL]

JT, is the coffee one from Futurama, when they got the $300 rebate and Fry got 300 cups of coffee?

[JEDIpartner]

With our tax return this year and the additional one because of the recession, we will have some additional money for replacing both furnaces in the duplex we own. They are 60 years old. We were told they have to be replaced by next winter. *sigh* Nothing good ever happens to us.

[mtriv73]

I'm going to sock most of it into a 529 for my son's college education. I've only got 17.5 years to come up with about $200,000 that it's going to cost.

[bigbarada]

I know for a fact that I'm not getting a tax return. I get paid by checks and no taxes are ever taken out, so I haven't paid a penny in taxes for 2007. Even though I make less than $10,000 a year in reportable income, I'll still have to write a check out to the IRS for at least a couple hundred bucks I'm guessing.

Not as bad as some of these professional fighters, since they are in the same boat as me. They don't get income taxes withheld from their UFC paychecks, so they end up owing sometimes up to $70,000 or $100,000 to the IRS every year. And, according to some people in the government, they're not paying enough taxes. :stupid: Which is why I totally disagree with tax increases on the wealthy, since you're essentially punishing people for being successful. Which is not what America is supposed to be about.

[jedi master sal]

I'm going to sock most of it into a 529 for my son's college education. I've only got 17.5 years to come up with about $200,000 that it's going to cost.

Well heck, that's only $11,428.57 per year. No problem, right?

For a refund, I'll be lucky to get $300-400. I'm really banking on that tax relief check of $600. That is what is going to get me that recliner. The refund itself gets me the PS3 (or close enough to it).

[Jedi_Kal-El]

Well heck, that's only $11,428.57 per year. No problem, right?

For a refund, I'll be lucky to get $300-400. I'm really banking on that tax relief check of $600. That is what is going to get me that recliner. The refund itself gets me the PS3 (or close enough to it).

Yeah, that rebate check is gonna be nice. Completly forgot about that one. Wow. I got more money to play with unless something breaks(which usually is my luck:mad:). Guess I'll know how much of it I can spend by May.

[JediTricks]

JT, is the coffee one from Futurama, when they got the $300 rebate and Fry got 300 cups of coffee?Niiiice! Yes, I didn't think anybody would get that, it was thematic and vague.

[bobafrett]

I'm going to see my tax guy shortly to see how much I'm getting back. I hope he doesn't make me bark like a seal again.

[El Chuxter]

Or make you dress up like a :Pirate: and sell iced tea.

[stillakid]

Or make you dress up like a :Pirate: and sell iced tea.

He said :Pirate:

[DarthQuack]

Filed my return today! Can't wait for the direct deposit! :P

[TeeEye7]

Filed my return today! Can't wait for the direct deposit! :P

That is cool! Nothing better than suddenly seeing your balance go *cha-ching!* overnight! :yes:

[CaptainSolo1138]

Thus far with my return I've bought tickets to a Red Wings game and "Rockband" for PS2.

[TeeEye7]

Jeez, Cap, I've barely gotten my W-2s. How in the world did you get your return already? I want mine that fast, too! :greedy:

[Devil King]

Paying off hella credit card debt (!!!) and buying a new car.


You?

Indeed!

I'm paying off a credit card bill, but I'm not going to buy a car with it. That would be like stabbing Peter to pay Paul.

This entire "economic stimulus" package is a hoax. Sure, you can "stimulate" the economy by going to Wal-Mart and buying $100 worth of Joes (if you can find them) or redecorating your Star Wars room or to make room for baby or spending your $400 bucks on a new futon or flat screen tv, but that will do nothing to the real numbers that matter, not only to you, personally; but to the numbers we hear as soundbites on the evening news that effect us all.

There is no doubt that once you start to artificially manipulate (which might sound like Ron Paul propoganda, but is not...despite the fact that we have been artificially influencing the market for decades! RON PAUL IS NOT YOUR ANSWER TO REALITY...beyond how right and logical he sounds!) there will be an inevitable back lash! Things might change for a few minutes, but they won't change for the better in the long run. (despite the fact that we're only being given back our own money, which we've already paid into a "solution" that will apparently pay off those who contribute nothing. Can't pay for a protacted war that way, can we?)

There is more than enough money being taken out of our paychecks to fund each and every program that we ALL want, such as sociaized medicine, military preparedness, military bases, education (which should NOT be univeraslized...nor can it), R&D. Realize whats really wrong with our methods and dismiss the soundbite bull****, and we'll save far too much money to prove these issues as a strawman.

[Slicker]

Jeez, Cap, I've barely gotten my W-2s. How in the world did you get your return already? I want mine that fast, too! :greedy:Heck, I've had my return for a week now. As soon as I got my W-2's I filed online. It's not that I needed the money for anything (it's sitting in savings right now) I just don't see any need in delaying doing it. I just wanna get it over with ASAP.

In the long run I think my tax return will go towards a plane ticket to fly back to the states hopefully this summer or fall.


BTW, that economic stimulus package is pretty funny to me. I live in Japan but I'm still gonna get money to stimulate the American economy. Gotta love it!

[CaptainSolo1138]

Jeez, Cap, I've barely gotten my W-2s. How in the world did you get your return already? I want mine that fast, too! :greedy:What Slicker said. I e-file. What's great about e-filing is that after the first year you do it it'll remember most of your info (i.e. employer code, assuming it doesn't change) so all you have to plug in, really, is your income for the previous year. And since that's included on your pay stub, Mrs. Solo and I make sure we save our last one of the year so we can file before we even get our W-2s.

I'm not going to buy a car with it. That would be like stabbing Peter to pay Paul.I agree, but with me working and going to school full time and my wife working full time its a necessity that we get another car.

[bobafrett]

Found out that I'm getting somewhere in the area of $3,400.00 back from the Federal tax refund, and another $161.00 from the state. That should take care of a lot of the wedding finances I have been stressing about.

(and I'm going to buy a couple gentle giant busts too)

[JediTricks]

Why are you guys so excited about the fact that your payroll gave too much of your money to the government, who got to use it interest-free for a year?


BTW, the middle reference I made was to a Warner Bros cartoon - "Hare Brush" - where Elmer J Fudd is a millionaire, he owns a mansion and a yacht (it's something the hypnotized Bugs says over and over when their roles are reversed).

[CaptainSolo1138]

Why are you guys so excited about the fact that your payroll gave too much of your money to the government, who got to use it interest-free for a year?
I claim "0" on purpose. I like having all the extra taken out through the year in exchange for a lump-sum return. I notice the big check in March more that I would the $25 or so a week.

[JediTricks]

If you shoved it in the bank, you could have had like $40 extra off $1000 though.

[2-1B]

True, but for people who work varied amounts of hours, they're not exactly sure how much they will end up with for the year. So rather than risk being stuck with a "bill" at year's end, they'd rather pay in extra and then not have to worry about it.

Many people don't seem to save enough on the side to cover those possibilities.

[El Chuxter]

I've had my W2's for a couple of weeks now. I just got a lot of the other paperwork and forms I need for my taxes, though. Owning a house and having three different forms of self-employment between the two of us makes the paperwork a bit more complicated, and requires us to have a bit more of it, too.

[Slicker]

Why are you guys so excited about the fact that your payroll gave too much of your money to the government, who got to use it interest-free for a year?
I totally realize that but I'm with Cappy. For some reason I just can't save "small" amounts of money like $40. I just always think that it's so small that it'll never add up. I'm actually having them take more money from each check so I get more back next year.

[CaptainSolo1138]

If you shoved it in the bank, you could have had like $40 extra off $1000 though.But I wouldn't put it in the bank, or if I did I'd never leave it there. I see my tax return as a kind of bond that matures after a year's time.:)

[TeeEye7]

I totally realize that but I'm with Cappy. For some reason I just can't save "small" amounts of money like $40. I just always think that it's so small that it'll never add up. I'm actually having them take more money from each check so I get more back next year.


But I wouldn't put it in the bank, or if I did I'd never leave it there. I see my tax return as a kind of bond that matures after a year's time.:)

This is how things work for Mrs. TI7 and me, too.

Everyone's life is a little different. Not only does my wife's mother live under my roof, but for the past eight months and counting, so does her sister and her two kids while a divorce is in progress. Any extra bucks easily gets vaporized into the daily budget because of this arrangement. My wife and I just look at it as our non-interest bearing savings account. If we had access to it, we'd use it given our present situation. We are using our last return to finance two year's worth of community college for our son (before he finished at a four-year institution). It would be very difficult for us to save any other way.

Like Slick, given our present situation, we find it hard to save. Like Cap, we both claim "0" to divert the funds. It may not make the most sense financially to some, but it works for us for now.

[decadentdave]

I don't know about anybody else but my annual tax refunds have gradually been getting smaller and smaller every year since 2001. I'm only getting $916 back from the Fed this time. 7 years ago my refund was double that amount and there have been no changes in my deductions. Anybody else seeing this? Is it me or is the government taking more and more and giving back less? And this consumer tax refund in may that's supposed to give tax payers rebate checks between $600-$1200 to boost the suffering economy is only going to hurt us on next year's tax retturns because we will get taxed on that because we will have to report that on a 1099-G as additional income. So on that $600-$1200 get ready to pay about $250-$500 in taxes on it.

[Exhaust Port]

It's a bit difficult to say that you are getting less or the government is taking more since there are so many variables. Are you earning the same every year since '01? Has your lifestyle changed (married, divorced, kids)? Have you changed your withholdings on your W-4? Have your deductions changed? You can write off your mortgage interest paid but that goes down every year as you pay down the principle which means paying more taxes. Have you sold any stock or gotten any other non-taxed income? Again, that will mean you owe more. Etc. etc. etc. 7 years is a long time to be making a comparison. Just getting an annual cost of living/inflation raise you'd probably have gotten bumped up a tax bracket in that time.

From what I've read regarding the tax rebate is that it isn't taxed just like you don't pay taxes on your tax returns.

[JediTricks]

True, but for people who work varied amounts of hours, they're not exactly sure how much they will end up with for the year. So rather than risk being stuck with a "bill" at year's end, they'd rather pay in extra and then not have to worry about it.

Many people don't seem to save enough on the side to cover those possibilities.True enough.


I totally realize that but I'm with Cappy. For some reason I just can't save "small" amounts of money like $40. I just always think that it's so small that it'll never add up. I'm actually having them take more money from each check so I get more back next year.
I wonder why it is that we find it so difficult to put money in a savings account and just leave it there until its purpose becomes clear. And not to get directly political about it, but I know more than a few Republicans who have no problem adhering to that logic even though the idea of any other government control of their money is abhorrent to them. Taxes mess us up in the head man!


But I wouldn't put it in the bank, or if I did I'd never leave it there. I see my tax return as a kind of bond that matures after a year's time.:)The treasure department thanks you for your donation of that interest. ;)



And this consumer tax refund in may that's supposed to give tax payers rebate checks between $600-$1200 to boost the suffering economy is only going to hurt us on next year's tax retturns because we will get taxed on that because we will have to report that on a 1099-G as additional income. So on that $600-$1200 get ready to pay about $250-$500 in taxes on it.That's not how I understand it. It's not money you're getting taxed on because it's actually a credit against your 2009 tax return, which would have been inflated by that much. And if your return wasn't to see that much $$$, the IRS says you will not be penalized for that part.

[decadentdave]

My filing status is Single since I will never marry or have kids. My deductions are the same. I'm paying about the same in interest. I think my total interest paid is about $60 less. Tax returns are reported on 1099-G as additional income and affect your AGI so the government is double-dipping. I discussed it with my tax advisor a few years ago and he said that's the way it is. I work two jobs and I know I am getting penalized for it. It's like the government doesn't want you to get ahead so they take out more with your combined income. I have all of my tax returns for the last 7 years and all I have to do is look at "Net Refund Due" to see that my returns have been steadily going down about 7 percent per year. I only get a 3 percent annual raise from my employer to the tune of a whopping 80 cents per hour which doesn't even match the rate of inflation. From my second employer I got a whole 30 cent increase last year. Why am I getting about $300 less back this year? All of my tax withholdings are the same. Nothing else has changed.

[Exhaust Port]

I would suggest lowering your taxable income by throwing money in a Roth IRA or 401k. You'll come out ahead in the long run and lower your yearly taxable income.

[decadentdave]

And how would you suggest I do that? I work two jobs just to get by and pay the bills. I don't make enough extra to put into an IRA, not only that but I know several people who have LOST money in their 401k.

[CaptainSolo1138]

The treasure department thanks you for your donation of that interest. ;)
Its my patriotic duty.:p

[Exhaust Port]

And how would you suggest I do that? I work two jobs just to get by and pay the bills.

There are a lot of ways, here are some suggestions.

http://www.ehow.com/how_3745_lower-taxes.html

The key is to pay yourself before you pay others. One thing I do is a portion of any pay raise I get into retirement. I get a 3% pay raise, I increase my retirement savings by 1%. Do that every year and after a few years you are putting a nice chunk of your annual income away which lowers your taxable income and you are still getting a 2% pay raise annually.


I know several people who have LOST money in their 401k.

It's bound to happen as the market fluctuations but that by no means negates their significants, purpose or actual success. Money spent on a 401k buys shares which you own. If the market goes down you lose value not necessarily money unless you panic and sell those shares. You don't lose the shares you own.

[JediTricks]

Its my patriotic duty.:pAnd here I thought that paying your taxes alone was that. ;)

-or-

"... to please that federal booty." - Imitation John Shaft

[Rebo's_Guitarist]

Mine should pay for my fiance's wedding gift, a 10 day trip to Cairo.

[CaptainSolo1138]

"... to please that federal booty." - Imitation John ShaftIf only I could find a pic of Richard Rountree donning some Rocky IV Apollo Creed gear, I'd have a new 'tar/sig.

[Exhaust Port]

Mine should pay for my fiance's wedding gift, a 10 day trip to Cairo.

Wow, that sounds awesome. Are you going too or is that the "gift"? ;):p

So what's the plan for 10 days? I'm assuming the Pyramids and other stuff there but what else is there to do.

[Rebo's_Guitarist]

No, Im not missing out

We are going to hook up with her brother who will be traveling the Middle East for a year, so Im sure he will have plans.

[InsaneJediGirl]

I probably wont get much back on my tax return this year nor will I get the "economic stimulus package" joke because I haven't worked much this year(the bane of being a student)

BUT even though I work part time, the company is giving all of us a bonus in April/May, so...I'll save some of that and spend the rest on coke and strippers ;)

[CaptainSolo1138]

Holy carp! An IJG sighting!

[2-1B]

It's bound to happen as the market fluctuations but that by no means negates their significants, purpose or actual success. Money spent on a 401k buys shares which you own. If the market goes down you lose value not necessarily money unless you panic and sell those shares. You don't lose the shares you own.

My 401K is down right now but I don't care one bit because those same shares I have that are worth less are now being purchased as new shares AT THE SAME LOW PRICE so the money I'm adding at this very moment has more share buying power...and historically speaking over the long run it will mean more money for me down the road. :yeaha: :thumbsup: :yeaha:

[Exhaust Port]

Very true Caesar, buy low and sell high. I'll admit I'm a bit guilty of watching my 401k every few weeks when I should be ignoring it so I don't get caught up in the rises and falls. The 4th quarter of '07 was a tough one though.

[2-1B]

YTD so far I'm down -1.8%

However, in 2007 I made 9.4%, go figure.

2006 would have been decent but May was HORRIBLE, so I only made 0.6% but hey it wasn't a loss.

Plus another thing to consider is if you get an employer match, well that's added buying/losing power on top of the money you contribute yourself.

[Exhaust Port]

Yup. Two words, free money.

[bobafrett]

Holy carp! An IJG sighting!

I was going to say the same thing!


And how would you suggest I do that? I work two jobs just to get by and pay the bills. I don't make enough extra to put into an IRA, not only that but I know several people who have LOST money in their 401k.

I just started having 1% of my paycheck from Wal-Mart put into a 401K, and $15 per check goes toward Wal-Mart stock. I now own 3 shares of Wal-Mart stock. When I first started working for the company, it was not uncommon to see the shares climb toward $80 to $90 a share, then split. I recent years however it has just hovered between $40 and $50 a share. The only thing I regret, is not having started much earlier in life.

[TeeEye7]

The only thing I regret, is not having started much earlier in life.

Allow me to quote the obvious, 'frett: "Hindsight is 20-20"

Thank you and good night.

[decadentdave]

The thing that ****es me off about the tax rebate in may is that it is "borrowed" against next years tax return so we will be getting that much less back next year so essentially that means I won't be getting much of a refund at all next year. The idea is that they want us to spend next year's tax return now. I don't want to spend it now. That's my annual collecting allowance.

[Exhaust Port]

Why can't you just throw the money in a savings account or CD or some sort of other fund that compounds interest for a year? Seriously, I can't see why you are getting so ticked off for getting money early. Throw the money in an ING account and you get 3.4% more than you would have gotten as a return next year. That's an extra $20 for FREE if you get a $600 rebate.

[decadentdave]

Woohoo! Twenty bucks. Wow. I could buy a whole Battle Pack.

Banks give no incentive to save money. At their interest rates, you'd have to let it sit for a lifetime to see any profitable return. They should make interest payable the same as their rates for borrowing since they loan our money to others and charge them interest.

[JediTricks]

The thing that ****es me off about the tax rebate in may is that it is "borrowed" against next years tax return so we will be getting that much less back next year so essentially that means I won't be getting much of a refund at all next year. The idea is that they want us to spend next year's tax return now. I don't want to spend it now. That's my annual collecting allowance.It is borrowed against next year's tax return, but they lowered taxes by that much for that year to do so, so it won't bite into your '09 tax return as if they hadn't done it that way.

[Exhaust Port]

But that would be one more battle pack then you could buy next year if you didn't get the tax rebate this year. Why not increase your buying power? $20 is $20 and I'm definitely not rich enough to turn down that.

[decadentdave]

It is borrowed against next year's tax return, but they lowered taxes by that much for that year to do so, so it won't bite into your '09 tax return as if they hadn't done it that way.

Are you sure about that? I read that it goes against next year's return so it will be diminished by that much. Some financial analysts' are scoffing at the rebate saying that it will hurt consumer spending next year as well and will only prolong the recession, not help it.

And as much as the IRS charges interest, they should be paying us interest for borrowing against a future return so we deserve 12 months of tax-free interest for them borrowing our own money. That's just robbing from Peter to pay, well, Peter.

I can think of better ways to spend twenty bucks :kiss:

[JediTricks]

It is borrowed against next year's return, and it is going to diminish it by that much, but they RAISED next year's by this amount to compensate for that, you won't feel it next year, you just won't get that raise next year. Also, if you don't see that much in your return next year, they won't penalize you for borrowing the extra amount this year.

And I do think this rebate is a joke guaranteed to do nothing for the economy.

[Exhaust Port]

And as much as the IRS charges interest, they should be paying us interest for borrowing against a future return so we deserve 12 months of tax-free interest for them borrowing our own money. That's just robbing from Peter to pay, well, Peter.

Um, you could adjust your withholdings on your W4 so the IRS would only get what they are owed and you would get no refund after filing your taxes.

[decadentdave]

Well I'll tell you, I'm using the rebate to pay some bills, not go on a shopping spree and I wonder how many others will do that as well. They think we will all run out to the malls with money burning a hole in our pockets to boost the economy, they got another thing coming.

[decadentdave]

Um, you could adjust your withholdings on your W4 so the IRS would only get what they are owed and you would get no refund after filing your taxes.

I always claim zero allowances because I look forward to a lump sum return every year. And I don't want any surprises where I actually owe them because my employer didn't take out enough.

[Exhaust Port]

Then I guess you can't be surprised or disappointed that the IRS will be making interest off your money.

If you do anything other than dropping the rebate in the bank you'll be helping the economy. During economic slumps folks start to hoard their money by dumping it in savings and not spending it. That obviously greatly diminishes the flow of money and the economy stagnates. Even paying off bills with the rebate keeps money flowing and is an economic stimulus. Buying something new or paying off a CC for a previous payment has the same effect.

[El Chuxter]

I'm putting mine into savings.

I need to replenish our savings anyway.

[bobafrett]

I have already spent $290 for my son's bite on the hand by a friends dog. This person was supposed to pay off the balance of the bills after I submitted them to my insurance company, and instead I got A SUMMONS TO COURT, because she hadn't paid a hand specialist. I agreed to pay a portion of the reduced bill and a portion of the lawyers fee just to get the bill paid off.

Then I spent another $500 to pay down my leg surgery bill. Then I spent a small amount to pay some of my phone bill.

At the moment, I still have $2,300 left for food, D.J., booze, and Tux rental for my wedding.

[Slicker]

At the moment, I still have $2,300 left for food, D.J., booze, and Tux rental for my wedding.You MUST post the "Frett in a tux" pictures when you get married! :thumbsup:

[darthvyn]

putting it all towards debt: the savings that you've already spent.

[bobafrett]

You MUST post the "Frett in a tux" pictures when you get married! :thumbsup:


I'm still trying to decide if I'm going in a Tux or just a suit. I have to get a Tux or a suit for my son to wear, and my brother doesn't really have any Tux rental places up in his neck of the woods to get fitted at. I would like my grooms party to look the same.

Posting of the pictures may be difficult as the library doesn't have a slot to stick the memory card into, and sadly my home computer is still not connected to the internet.

[Exhaust Port]

Your brother can get measured by any tailor and can give those measurements to the place you are renting your tux from. The measurements the tux rental place makes are no different so it doesn't really matter where they are made.

[bobafrett]

I think we have decided on suits. Mostly because I am lacking a suit, and I would rather spend the money getting a suit, then just renting a Tux. Thanks for the info EP, because I may change my mind in the next 4 months when I go out shopping for a suit for my son and I.

I had talked it over with my brother before coming to this decision.

I do have a picture of me in a Tux from just three months ago when my freind got married, and I was the best man.