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Buell Motorcycle Forum » Quick Board Archives » Archive through February 19, 2008 » TAX REBATE??????...........REBATE?......REALLY! « Previous Next »

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Archive through February 16, 2008Badlionsfan30 02-16-08  06:04 am
         

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Wolfridgerider
Posted on Saturday, February 16, 2008 - 08:02 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

I use my tax return to pay my property tax, that way I don't have to think about setting aside money for it.

I/we do the same thing. It may just get paid early this year....
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Corporatemonkey
Posted on Sunday, February 17, 2008 - 09:10 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

hey if you're so against it C-monk, sign the check and mail it to me.

You can't have it either. You would probably piss it away faster that the government would
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Spdkls
Posted on Sunday, February 17, 2008 - 10:45 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

you guys are never happy.

i have a great idea. lets go back to having a local tax man that would come around with the police and just take taxes weekly. if he were in a bad mood it would be more. if you didn't have the money he would just take something you own...oh wait, didn't we have a war about this a couple of hundred years ago, and a few guys got together and wrote some important documents and then didn't they pretty much make this country what it is and 200+ years later just watch everybody bitch about it.
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Badlionsfan
Posted on Sunday, February 17, 2008 - 08:37 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

i hardly think a r crins rss is throwing it away.

Well C-monk, you could just throw it away.

(Message edited by badlionsfan on February 17, 2008)
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Hdbobwithabuell
Posted on Sunday, February 17, 2008 - 09:39 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

If anyone is REALLY not wanting the $$$, my paypal account is brobbins@carolina.rr.com. I promise NOT to spend a nickel of your money until next year and then will ONLY buy Chinese.
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Chellem
Posted on Sunday, February 17, 2008 - 11:18 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

I'm also planning on paying down my CC debt. Which, of course, will NOT stimulate the economy in any way.

I understand the concept here, everyone buys something, money breeds more money, blah blah. But with foreclosure rates and CC debt piling up, I think a lot of people are just going to try to buy down some debt.

Maybe I'm the only boring, responsible one. Of course, if I were a TEENY bit more responsible, I probably wouldn't have debt to begin with. My overuling point was that if everyone buys down debt with the "rebate", the economy won't be properly stimulated.

We know what happens when economies aren't properly stimulated right? yep, that's right. Flaccid economy everywhere. Sad sad sad.

Speaking of which, someone mentioned that you could have $333 more each month, roughly, by claiming the correct # of deductions during the year, and someone else said that interest rates are too low to make that beneficial.

Those of us with CC debt could use that monthly money to buy down debt during the year, and although we're not making any additional income in the form of interest, we would be SAVING lots of money in the form of interest.

Just a thought. Something I'm considering next year. Well, this year, I guess. Whatever.

->ChelleM
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Darthane
Posted on Monday, February 18, 2008 - 07:33 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

the key as far as tax returns should be to get zero dollars back and have to pay in zero at the end of the year..... think about this... somebody said they were getting 4k plus back.... take that 4k and divide it by 12 months and get 333 dollars per month......... now take that money and invest it into a modest ira, cd or even a savings acct and look where you could be...all a tax return is a interest free loan........ how many of you are getting interest free loans?
~~~>Phat_j

I understand the economy of it, trust me, and I've finally become disciplined enough in my spending/saving habits that this is a realistic goal.

It's not that I blindly don't realize that I could be using the money for something more useful, or even that I don't recognize that a tax refund is a false sense of happiness (as I said, it's hard to get too excited about it - it was your money to begin with).

Due to a fluke in the way my property taxes were paid over the last couple years by my mortgage company, I'm getting a lot more back this year than I would have - and even if the government had nailed it like they did the year previously when I claimed a single deduction (which is still not all I'm entitled to according to the codes) I would have gotten a sizable return.

I sincerely doubt you'll find anyone that would disagree that taking the money you get as a tax return and putting it into a pre-tax retirement fund is anything but a wise decision...but at the same time no one wants to be stuck with a tax bill every April because our damned goverment can't count past five. Aside from last year, they've never come CLOSE to getting my withholding right no matter what combination of exemptions I claimed. Hell, even last year they didn't get it right, if it weren't for the mortgage company @$!#%ing up my return would have looked a lot different. ; )
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Frankfast
Posted on Monday, February 18, 2008 - 08:02 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

According to 60 Minutes a survey was taken to find the happiest people on earth. They found that the people of Denmark were happiest. They have a fifty percent tax rate. However everything is taken care of for them by the government. Free health care, free education, free child care etc.. Also the disparity between rich and poor is not nearly as much as it is here in the states. They think that the "American Dream" is an illusion. Their expectations are much lower therefore they are not as disappointed when things don't go their way. I guess keeping up with the Jonses is not that important.
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Darthane
Posted on Monday, February 18, 2008 - 08:16 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

I guess keeping up with the Jonses is not that important.
~~~>Frankfast

Of course it isn't...and while it's probably very financially destructive for most people, it can be a lot of fun! LOL

I'm creeping up on thirty a lot faster than I'd like to admit, I need to get all my toys bought and paid for and take all the trips I want to before marriage and kids hit (within reason...I have learned SOME financial lessons in the last decade). ; )
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Kyrocket
Posted on Monday, February 18, 2008 - 12:37 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

Don't try keeping up with me, you'll be sadly disappointed.
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Kyrocket
Posted on Monday, February 18, 2008 - 12:43 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

After I re-read the post I need to explain. It's not that I'm going so fast that you WON'T be able to catch up it's the fact that I'm not going anywhere to keep up with. Marriage, mortgage, three kids and a cat can do that to a fella. Now don't get me wrong I wouldn't trade any of it for the world, well, maybe the cat but nothing else.

The wife and I took the Financial Peace University series by Dave Ramsey last year and have been trying to put it into practice. It's mostly just common sense stuff but it's hard as the dickens to actually be disciplined enough to adhere to the program.

Michael JONES
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Badlionsfan
Posted on Monday, February 18, 2008 - 03:28 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

According to 60 Minutes a survey was taken to find the happiest people on earth. They found that the people of Denmark were happiest. They have a fifty percent tax rate. However everything is taken care of for them by the government. Free health care, free education, free child care etc.. Also the disparity between rich and poor is not nearly as much as it is here in the states. They think that the "American Dream" is an illusion. Their expectations are much lower therefore they are not as disappointed when things don't go their way. I guess keeping up with the Jonses is not that important.

1. nothing is "free". you get to pay for it, weather you use it or not.

the system in denmark is called socialism. the reason the difference between the poor and rich in this system isn't as big is without capitalism, one can not create wealth. as far as the happiness goes, i guess this proves that ignorance is bliss.
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Frankfast
Posted on Monday, February 18, 2008 - 04:58 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

"1. nothing is "free". you get to pay for it, weather you use it or not.

the system in denmark is called socialism. the reason the difference between the poor and rich in this system isn't as big is without capitalism, one can not create wealth. as far as the happiness goes, i guess this proves that ignorance is bliss."


You can say that again.

By the way, it's whether not weather.
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Badlionsfan
Posted on Monday, February 18, 2008 - 05:40 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

tru dat, just woke up when i wrote that. my grammar wakes up 2-3 hrs after i do, and goes to sleep 1-2 hrs before i do.
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Alchemy
Posted on Monday, February 18, 2008 - 05:59 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

Of citizens rating their own happiness, Denmark comes in first. They admit to having low expectations and to some extent credit that lower expectation with their ability to feel happy. It seemed that they have fewer worries as their social systems are pretty effective - probably not the best but ok. The young people they interviewed were not worried about very much.

I found it interesting that students were paid to attend university and education was free overall I guess that is how a 50% tax rate changes the social issues equation.

On the same survey US citizens by their own rating came in something like 22nd in the world. But we are hot on the pursuit of happiness like there is no tomorrow.

I think a few years ago they did a similar story about Finland where the people are some of the most depressed in the world. Maybe it really only has to do with the quality of the beer<grin>.
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Paint_shaker
Posted on Monday, February 18, 2008 - 06:42 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

Did some one say beer??
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Aesquire
Posted on Monday, February 18, 2008 - 09:49 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

Do you think the beer/vodka ratio could explain the relative unhappiness of certain countries? Make a good paper.
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Ratyson
Posted on Tuesday, February 19, 2008 - 09:33 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

I have one word.. www.fairtax.org .. well, don't know if it is really considered a "word", but who's counting??

(Message edited by ratyson on February 19, 2008)
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