How's Everyone Spending Their Tax Return?

[Modest_Man]

The truth is that when we get a tax return it just means that we gave the government an interest-free loan.... If you pay too much taxes over the course of a year you get a refund, if you don't pay enough you owe taxes. My wife's work messed up a few years ago and didn't take enough out of her checks and we ended up owing a bunch of Federal tax - luckily we got enough back from the state so we ended up owing less than $100 overall.

Truth! If you get a ton back you should adjust your withholding, I know I have better uses for my money than letting the government hold it for me. If we do get money back (got married in July and we will be filing jointly so it's weird this year) it will go toward my wife's student loans. We've paid off $6,000 in the last three months!

 

[Jc1119]

I write a big fat check every year. Haven't seen a return in ages....


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[SePPii]

Do you guys reallly receive a return worth considering?

I only satr working for me around august september. All counted, firts eight or nine months of a year go for taxes 100%%.

and this with six children. Last year i received less than 100 dollars back...

I usually get $300-$400 state and $1,600-$2,000 back federal. No kids or anything, just get the school bonus


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[ecoli73]

Actually getting married in most cases will increase your tax bill.

It's funny but to pay the least taxes, it's best for me to get divorced(in the eye of the law), have the house under my name, and my wife take over my kid as a single mother...

If monetary policy is sometimes used to shape society, I have no idea what message the marriage penalty tax code sends.

Also consider the original rich person definition.a single person earning 200k is rich... Certainly senior manager or director level...but a married couple earning 250k...two senior engineers as a couple easily could exceed that.




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[jadedreams]

Heres my list..

- paying off some bills (blech)
- new tires for the car (needs them badly)
- new kitchen stove (it's on the way out)
- couple new AC 110's for the tanks (yay)
- probably a new fish or 2 (double yay)

If it weren't for all the stuff I had to do there'd be a lot more fish stuff in there!