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 Here's meh tax refund!

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bentbulldog

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Age : 34
Location : Briarwood, NY (not joking)
Registration date : 2009-06-21

PostSubject: Here's meh tax refund!    Thu Mar 28, 2013 5:59 pm

It is that time of year and I hope we all get something back from uncle Sam. I've yet to know how much I'll be getting, but I plan on paying tribute to tobacco laws by buying some tobacco and a pipe. I also plan on getting a few courses from thegreatcourses.com where I will be smoking said tobacco in said pipe Laughing cheers

It's not always obvious that we will spend our refund on our hobby but if you are inclined to divulge, what will you be doing with your tax refund?

BB
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Carlos
Admin
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Age : 60
Location : Chestnut, IL
Registration date : 2007-12-10

PostSubject: Re: Here's meh tax refund!    Thu Mar 28, 2013 6:58 pm

Paying this year. Not much. Well, we are, it ate up all of what we normally get back. You would think that a frigging bank that issues IRA's would know the best way to handle an IRA for estate purposes. They don't.

_________________


"Never turn your back on a Breen".
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RonA3597

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Age : 68
Location : Lawrenceville, GA
Registration date : 2008-03-15

PostSubject: Re: Here's meh tax refund!    Thu Mar 28, 2013 7:05 pm

Carlos, the key words are "frigging bank". They only want to maximize their commissions while frigging you. Find a good no load mutual fund, if you are able to move the money there are a lot of good ones out there. JMHO.
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bentbulldog

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Age : 34
Location : Briarwood, NY (not joking)
Registration date : 2009-06-21

PostSubject: Re: Here's meh tax refund!    Thu Mar 28, 2013 7:40 pm

Man that sux. Sorry to hear that Carlos. I hope no one ever has to deal with paying the IRS, especially the broke BoB.
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Rob_In_MO

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Age : 44
Location : Park Hills, MO
Registration date : 2011-01-19

PostSubject: Re: Here's meh tax refund!    Thu Mar 28, 2013 8:46 pm

My tax return went to bills and another vehicle.
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Slide



Age : 55
Location : Benton, Louisiana
Registration date : 2011-11-23

PostSubject: Re: Here's meh tax refund!    Thu Mar 28, 2013 9:23 pm

I usually owe a little on Federal and get enough back from the State to cover that. I'll be happy if it works out that way this year.
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alfredo_buscatti

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Age : 62
Location : Piedmont, North Carolina
Registration date : 2007-12-17

PostSubject: Re: Here's meh tax refund!    Thu Mar 28, 2013 9:24 pm

What else? Tobacco.
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Trifecta13

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Age : 37
Location : Peoria, IL
Registration date : 2013-02-25

PostSubject: Re: Here's meh tax refund!    Thu Mar 28, 2013 11:08 pm

My refund this year was meager at best. My recent TADs and PADs have eaten it up and then some. But it is all well worth it.
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BigCasino

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Age : 49
Location : North of Pittsburgh pa
Registration date : 2012-11-27

PostSubject: Re: Here's meh tax refund!    Thu Mar 28, 2013 11:11 pm

my guess is BB's tax refund is going to stretch a little further than he expected it to Very Happy
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bentbulldog

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Age : 34
Location : Briarwood, NY (not joking)
Registration date : 2009-06-21

PostSubject: Re: Here's meh tax refund!    Thu Mar 28, 2013 11:15 pm

BigCasino wrote:
my guess is BB's tax refund is going to stretch a little further than he expected it to Very Happy

I dont think I'll be able to sit down for this one! affraid cheers
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Harlock999

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Location : Los Angeles
Registration date : 2010-10-22

PostSubject: Re: Here's meh tax refund!    Fri Mar 29, 2013 12:31 am

I'm looking to get a motorcycle.
Nothing fancy, just something smallish to zip around on.
Or maybe pipes...
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Briar Spirit

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Age : 49
Location : England UK
Registration date : 2012-08-30

PostSubject: Re: Here's meh tax refund!    Fri Mar 29, 2013 4:32 am

Blimey, I don't know if our Tax officers know how to even spell 'refund', I have never had a tax rebate not even when my late Brother and I used to have our own contracting business, but then he did all the book keeping, so that could explain that one. Shocked
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Kyle Weiss

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Location : Reno, NV
Registration date : 2011-09-18

PostSubject: Re: Here's meh tax refund!    Fri Mar 29, 2013 1:26 pm

As a self-employed business owner, I don't get refunds. I'm guessing 25% of my income for the year is being paid in various taxes (past years were better because as things are started up--more write-offs). That's punishment for not being a good little cog and getting a 9-to-5'er.

I also self-direct my IRA via Scottrade. Ain't no way someone's gonna pick a stinker in a mutual fund and drive it down 20%. I got a better nose for $$$ than those clowns anyway.

Enjoy your money, boys. Smile (...and it is yours...)

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PipePuffer

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Location : Alabama
Registration date : 2010-11-22

PostSubject: Re: Here's meh tax refund!    Fri Mar 29, 2013 2:30 pm

I owe a whole bunch to the Feds and getting back some crumbs from the state this year. I still bought myself an estate Dunhill pipe and some ODF to ease the pain (it should come in the mail today cheers ).
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DrT999

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Age : 59
Location : Piedmont of North Carolina
Registration date : 2011-08-31

PostSubject: Re: Here's meh tax refund!    Fri Mar 29, 2013 3:04 pm

My wife has not disclosed that information; I believe it will pay for a trip to see her father 'in the old country'
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Dave_In_Philly

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Age : 36
Location : Philly
Registration date : 2011-08-18

PostSubject: Re: Here's meh tax refund!    Fri Mar 29, 2013 4:41 pm

My Fed refund is going right to the City of Philadelphia to make up for wage tax that my employer "forgot" to withhold. Should be enough left over for a tin or two, but that remains to be seen.
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bentbulldog

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Age : 34
Location : Briarwood, NY (not joking)
Registration date : 2009-06-21

PostSubject: Re: Here's meh tax refund!    Fri Mar 29, 2013 9:28 pm

It looks like I will not be getting anything. I almost had to pay NYC but my accountant was able to find a write off. I'm not upset though because I recently got hit with a BIG FAT BOMB of tobacco that will be keeping me busy for......................
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gravel

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Age : 43
Location : Oregon
Registration date : 2011-12-07

PostSubject: Re: Here's meh tax refund!    Wed Apr 03, 2013 7:17 pm

Large cities with their own taxation... Sad
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View user profile http://www.tobaccocellar.com/Gravel
DrumsAndBeer

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Age : 45
Location : Northern, CA
Registration date : 2012-04-04

PostSubject: Re: Here's meh tax refund!    Wed Apr 03, 2013 9:30 pm

bentbulldog wrote:
I'm not upset though because I recently got hit with a BIG FAT BOMB of tobacco that will be keeping me busy for......................

BB, Speaking of that "BIG FAT BOMB", how about posting a few pics of the damage? & by that I mean everything. Razz Inquiring minds want to know. Plus we are pretty much all repressed pyromaniacs that all want to gaze at the giant hole we left in your living room. Twisted Evil
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bentbulldog

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Age : 34
Location : Briarwood, NY (not joking)
Registration date : 2009-06-21

PostSubject: Re: Here's meh tax refund!    Wed Apr 03, 2013 10:10 pm

DrumsAndBeer wrote:
bentbulldog wrote:
I'm not upset though because I recently got hit with a BIG FAT BOMB of tobacco that will be keeping me busy for......................

BB, Speaking of that "BIG FAT BOMB", how about posting a few pics of the damage? & by that I mean everything. Razz Inquiring minds want to know. Plus we are pretty much all repressed pyromaniacs that all want to gaze at the giant hole we left in your living room. Twisted Evil

Will do Sir. I've stored and sorted most of the tobacco but I can lay it all out and take a pic.
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DrumsAndBeer

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Age : 45
Location : Northern, CA
Registration date : 2012-04-04

PostSubject: Re: Here's meh tax refund!    Wed Apr 03, 2013 10:34 pm

bentbulldog wrote:
Will do Sir. I've stored and sorted most of the tobacco but I can lay it all out and take a pic.

cheers
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Centurian 803
Long Arm O' The Law
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Age : 67
Location : Oak Ridge, TN
Registration date : 2008-09-10

PostSubject: Re: Here's meh tax refund!    Fri Apr 05, 2013 7:52 am

Going for a trip to the Outer Banks to celebrate my wedding anniversary.
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SkagitSmoke



Age : 37
Location : San Juan Islands, WA
Registration date : 2012-11-20

PostSubject: Re: Here's meh tax refund!    Sat Apr 06, 2013 2:44 am

I need to put my CPA hat on and remind you that unless you are getting a crap load or refundable tax credits that refund was your money to begin with. A big refund is nothing more that a big interest free loan to the government.

That said I had a weird year and somehow managed to get said refundable tax credits. Stupid but I'll take the money
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bentbulldog

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Age : 34
Location : Briarwood, NY (not joking)
Registration date : 2009-06-21

PostSubject: Re: Here's meh tax refund!    Sat Apr 06, 2013 9:26 am

SkagitSmoke wrote:
I need to put my CPA hat on and remind you that unless you are getting a crap load or refundable tax credits that refund was your money to begin with. A big refund is nothing more that a big interest free loan to the government.

That said I had a weird year and somehow managed to get said refundable tax credits. Stupid but I'll take the money

It's a refund because it is your money, but it's also money that I never include when I do my monthly budget because I always use the net return. It's like a self paid bonus but you're right in that it should still be treated like income.

We normally get a reasonably good return but year when we need it the most, we get nothing. Oh well, I still have tobacco to burn Smile
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