Belly up to the bar....

Trip · 04-15-2008, 08:59 AM

Just turned in my taxes yesterday, not procrastinating, just trying to hold on to my money. When you make good coin, uncle sam likes to anal rape you come tax time. I had to pay a lot, even with the $600 rebate.

Rider · 04-15-2008, 09:07 AM

Quote:

Originally Posted by Trip

Just turned in my taxes yesterday, not procrastinating, just trying to hold on to my money. When you make good coin, uncle sam likes to anal rape you come tax time. I had to pay a lot, even with the $600 rebate.

Buy a house, get married, max out your 401K contributions.... You'll get some sweet returns eventually. Kids help too but I wouldn't consider that a financial advantage. . LOL

Trip · 04-15-2008, 09:11 AM

Quote:

Originally Posted by Rider

Buy a house, get married, max out your 401K contributions.... You'll get some sweet returns eventually. Kids help too but I wouldn't consider that a financial advantage. . LOL

I got 1 out of the 3 right now, retirement is very important to me. I will have 3 of 3 for this year's taxes.

Dave · 04-15-2008, 10:14 AM

first time filing with the house and i def noticed a difference. cant wait to see what it looks like next year

Cutty72 · 04-15-2008, 11:48 AM

Quote:

Originally Posted by Dave

first time filing with the house and i def noticed a difference. cant wait to see what it looks like next year

ditto.

upshift · 04-15-2008, 01:06 PM

I guess Im lucky. I dont get taxes taken out on tips (knock on wood) Of course I dont get that much back either.

byron12 · 04-15-2008, 01:15 PM

Quote:

Originally Posted by upshift

I guess Im lucky. I dont get taxes taken out on tips (knock on wood) Of course I dont get that much back either.

Your supposed to claim your tips a few years back the IRS cracked down hard on tipped employees audited several and they were really screwed they owed shit tons in back taxes and penalties. I would claim at least minimum wage when I was an independent construction contractor IE laborer with no benifits I had to save the money in an account so that I would be able to pay come tax filing time.....

Cutty72 · 04-15-2008, 01:17 PM

Quote:

Originally Posted by upshift

I guess Im lucky. I dont get taxes taken out on tips (knock on wood) Of course I dont get that much back either.

yeah... claim a minor part of it. What you lose in taxes at that point won't affect you much, but it will show you claiming SOMETHING at least.

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04-15-2008, 10:14 AM	#4
Dave Chaotic Neutral Join Date: Feb 2008 Location: Cherry Hill NJ Moto: GV1200 Madura, Hawk gt Posts: 13,992	first time filing with the house and i def noticed a difference. cant wait to see what it looks like next year

04-15-2008, 01:06 PM	#6
upshift Looing for a bike... Join Date: Mar 2008 Moto: Nothing at the moment Posts: 571	I guess Im lucky. I dont get taxes taken out on tips (knock on wood) Of course I dont get that much back either.