MitsuStyle

MitsuStyle (http://www.mitsustyle.com/forums/index.php)
-   The Parking Lot - On & Off Topic (http://www.mitsustyle.com/forums/forumdisplay.php?f=21)
-   -   2005 Tax Returns: What will you get? (http://www.mitsustyle.com/forums/showthread.php?t=10125)

SuperSleeper 01-23-2006 03:06 AM

2005 Tax Returns: What will you get?
 
I'm hoping to get back around $1400, which is funding my FMIC. It will also contribute towards either brakes or rent... whichever I decide is more important. What about you guys?

Kracka 01-23-2006 06:33 AM

Re: 2005 Tax Returns: What will you get?
 
Hopefully less than $100...that will mean I played my strategy right so I got most of my money in my paychecks. I am not a huge fan of giving the government interest-free loans.

AJ 01-23-2006 09:42 AM

Re: 2005 Tax Returns: What will you get?
 
I have no clue what I will get back due to school.

tsiawdspeed 01-23-2006 10:08 AM

Re: 2005 Tax Returns: What will you get?
 
Getting back around $300

ABV 01-23-2006 10:52 AM

Re: 2005 Tax Returns: What will you get?
 
Last two years I got back about 40-50. I expect the same this year.

1slowdsm 01-23-2006 11:07 AM

Re: 2005 Tax Returns: What will you get?
 
I'm hoping for atleast $350 and it will all go into maintenance for my car that should've been done in October :D.

Jana 01-23-2006 11:35 AM

Re: 2005 Tax Returns: What will you get?
 
No clue. I sold some stock this year, so hopefully that doesn't mess things up too much. Otherwise I normally receive about $800 between Fed & State.

Jana 01-23-2006 11:35 AM

Re: 2005 Tax Returns: What will you get?
 
Quote:

Originally Posted by S2kracka
Hopefully less than $100...that will mean I played my strategy right so I got most of my money in my paychecks. I am not a huge fan of giving the government interest-free loans.

Can I ask what you claim Chris? You can PM me. I suck at that part....lol. I shouldn't....

Kracka 01-23-2006 12:37 PM

Re: 2005 Tax Returns: What will you get?
 
I claim anything between 0-10 depending on the time and rough calculations that I do.

You will have to pay tax on those stocks you sold so figure roughly that will eat up about 1/3 of your profit on them.

Kougar 01-23-2006 12:43 PM

Re: 2005 Tax Returns: What will you get?
 
I'm not expecting very much...couple hundred at most, and all of it has to go to school tuition. Boy I fucking LOVE school! :(

Steeltwo 01-23-2006 12:48 PM

Re: 2005 Tax Returns: What will you get?
 
i'll pay federal around 140-160

and i'll get around 450 back on state

i need to buy a condo or house to shelter my money.

cudvig 01-23-2006 01:38 PM

Re: 2005 Tax Returns: What will you get?
 
hmmmmmm

Being a delivery driver for Pizza Hut sucks, or does it?


hahahahahhaha!


-Colin

Kracka 01-23-2006 01:47 PM

Re: 2005 Tax Returns: What will you get?
 
Quote:

Originally Posted by cudvig
hmmmmmm

Being a delivery driver for Pizza Hut sucks, or does it?


hahahahahhaha!


-Colin

Tips? What tips?!? ;)

Goat Blower 01-23-2006 01:56 PM

Re: 2005 Tax Returns: What will you get?
 
A big bill.

niterydr 01-23-2006 02:45 PM

Re: 2005 Tax Returns: What will you get?
 
Somewhere between I owe $100 and I get $100.
I am with chris on this one, no loans!

Jana 01-23-2006 03:04 PM

Re: 2005 Tax Returns: What will you get?
 
Quote:

Originally Posted by S2kracka
I claim anything between 0-10 depending on the time and rough calculations that I do.

You will have to pay tax on those stocks you sold so figure roughly that will eat up about 1/3 of your profit on them.

Crap.... I just hope I break even at this point then....

Outlaw1 01-23-2006 03:56 PM

Re: 2005 Tax Returns: What will you get?
 
Around $6,000. Yes, I pay a shitload in taxes.

1slowdsm 01-23-2006 06:04 PM

Re: 2005 Tax Returns: What will you get?
 
Man, how nice it would be to get $6000. My DSM could be be worry-free for two years!

Kracka 01-23-2006 06:32 PM

Re: 2005 Tax Returns: What will you get?
 
Quote:

Originally Posted by 1slowdsm
Man, how nice it would be to get $6000. My DSM could be be worry-free for two years!

How nice would it be to claim taxes effectively so most of that money is included in the paychecks rather than giving the government an interest-free loan?

SuperSleeper 01-23-2006 07:15 PM

Re: 2005 Tax Returns: What will you get?
 
I agree with you, Hughes. I just must not be claiming as efficient as I could. I do look forward to this time with returns though.. it's kind of nice to bounce back from Christmas.

Halon 01-23-2006 07:28 PM

Re: 2005 Tax Returns: What will you get?
 
That's a great idea and all, but if I got it in my checks, it would already have been spent at Myth or something. I like getting the tax return at the end of the year. Maybe it's not as smart or whatever, but that extra $10/week that I'd get by claiming a higher number, that would be gone at McDonalds probably. So instead I just claim my zero and enjoy the little bonus! That's just me though.

santa 01-23-2006 07:59 PM

Re: 2005 Tax Returns: What will you get?
 
I'll be getting around $1500-$2000

Kevin

cudvig 01-23-2006 08:02 PM

Re: 2005 Tax Returns: What will you get?
 
So, guys I made about 2,000 dollars this year.

and like 4,000 in tips! woohooo!

hahahaha working for $6.15/hour is the best thing ever!

I wonder if they will ever be able to collect tips on drivers?
I know with servers they estimate that someone pays about 10-15% per visit on tips. So they might be getting money from there tips. I doubt they will ever get taxes on tips from drivers or servers though.

AJ 01-23-2006 08:03 PM

Re: 2005 Tax Returns: What will you get?
 
Quote:

Originally Posted by ju-on
That's a great idea and all, but if I got it in my checks, it would already have been spent at Myth or something. I like getting the tax return at the end of the year. Maybe it's not as smart or whatever, but that extra $10/week that I'd get by claiming a higher number, that would be gone at McDonalds probably. So instead I just claim my zero and enjoy the little bonus! That's just me though.

I'm the same way, nice little kick back for something bigger that you might not have saved up for otherwise. Or a nice chuck to just build a checking or savings account.

unreal808 01-23-2006 08:05 PM

Re: 2005 Tax Returns: What will you get?
 
I’m not sure what I will get with owning two houses and having two dependents on a single income, The IRS will probably tell me that my life style is exceeding my income.

sway 01-23-2006 08:28 PM

Re: 2005 Tax Returns: What will you get?
 
at my work (ruby tuesday) we have to claim at least 10% of our tips, which then gets taxed with each paycheck. it sucks because it automatically claims any credit card tips, which is generally way over 10% of the total tips.

CVD 01-24-2006 06:00 AM

Re: 2005 Tax Returns: What will you get?
 
I prefer to get a refund at the end of the year. I dont mind giving the government an interest free loan, it just doesnt bother me; paying taxes doesnt bother me much either. If I didnt want the government to get any of my money I'd move to some backwater shithole and live off the land. I dont need the extra $20/week and I damn sure wouldnt be investing it properly. Its nice to have a little extra at the end of every year to guarantee my trip to Hawaii. I've been in a money pinch a few times this year, and certainly would have spent anything I would have tried to save.

Outlaw1 01-24-2006 09:39 AM

Re: 2005 Tax Returns: What will you get?
 
Let me explain why I'm getting a large tax return. If I let the government hold some of my cash for me during the year it keeps it out of the hands of my woman. Now I can take my income tax return and put it in one of the bank accounts that she doesn't have access to. So in my case it's worth it because it's just money that would have gotten spent during the year on worthless shit. Now it can be spent on firearms, huntin' trips and car stuff.

After looking at my paycheck stubs from last year, I remembered about $2,000 I paid out from the company I worked for at the beginning of the year. It looks like I'll get over $8,000 back. :D

Tauni 01-24-2006 12:21 PM

Re: 2005 Tax Returns: What will you get?
 
Maybe like $100 if I'm lucky. That would be nice. Gas money.

BuildADSM 01-24-2006 09:43 PM

Re: 2005 Tax Returns: What will you get?
 
hopefully about 350-400 bucks... I don't make enough for any federal to apply so I get it all back.... The book keeper at my work just doesn't know how to write a paycheck without putting it on.
Ohh and depending on weather I get the evo or not it will be spend on a new headunit or the evo.

tpunx99GSX 01-25-2006 02:00 AM

Re: 2005 Tax Returns: What will you get?
 
all of last year i claimed one, and with the monkey math that california does, i prolly paid around $10k in taxes. and my total income was $49,000 but i dont know. i havent gotten my tax returns yet.

97gstchick 01-25-2006 10:50 AM

Re: 2005 Tax Returns: What will you get?
 
last year i only got back $150
the year before that I owed 500

i bought a condo this year so hopefully with claiming the interest on that ill get back more... i guess we'll find out..

Jana 01-25-2006 12:25 PM

Re: 2005 Tax Returns: What will you get?
 
Quote:

Originally Posted by 97gstchick
last year i only got back $150
the year before that I owed 500

i bought a condo this year so hopefully with claiming the interest on that ill get back more... i guess we'll find out..

You will as long as you owned it most of the year. When I bought my townhome, I had 3/4 of year in interest, and that helped... but the next full year made a big difference. Enjoy the condo!! :)

Jed 01-25-2006 02:52 PM

Re: 2005 Tax Returns: What will you get?
 
Yes I ran into this also. I bought a house this year (Sept) and thought I would get a big break come tax time, but of course this didn't happen. Oh well, I can't wait to see what kind of break it'll give me next year.

Jaei Sun 01-25-2006 05:27 PM

Re: 2005 Tax Returns: What will you get?
 
Probably lower the stealth, and do the 99 VR4 conversion.

A//// Guy 01-25-2006 05:45 PM

Re: 2005 Tax Returns: What will you get?
 
Usually Ive only got back about 400 total, part time isnt really fun but it works for now. Ill probably put it into my stereo setup, or an Ellipsoid angel eye HID Kit for the M.

howslowcanyougo 01-25-2006 11:35 PM

Re: 2005 Tax Returns: What will you get?
 
Nothing, I'll owe a few MORE grand.

It just doesn't pay for anyone to work harder and longer with the progressive income tax in this country anymore, it's a really sad era for America.

Halon 01-26-2006 07:06 AM

Re: 2005 Tax Returns: What will you get?
 
I work hard and long, and I'm not sad.

Steeltwo 01-26-2006 11:04 AM

Re: 2005 Tax Returns: What will you get?
 
I filed my returns

federal pay in
126
state refund
304

after the $35 for turbotax

i'm getting
143 in the green. could be worse I guess.

howslowcanyougo 01-26-2006 12:42 PM

Re: 2005 Tax Returns: What will you get?
 
Quote:

Originally Posted by ju-on
I work hard and long, and I'm not sad.

Either not long and hard enough, or you haven't checked you check stub lately, cause by the looks of my #'s I'm getting screwed!


All times are GMT -5. The time now is 08:40 PM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2026, Jelsoft Enterprises Ltd.