Tax returns

Discuss tax returns. :love:

Something that has never sat quite right with me is the fact that when you get a refund on your tax return, you've essentially given the government an interest free loan over the course of the year. Better to owe a little if you ask me so long as you plan for it.

Also, I hate preparing tax returns, and most people who do their own by hand are idiots.

My mom does my taxes.

I hate taxes. Taxes in California are ridiculous.

I don't like the interest free loan idea either, but I also don't like planning to owe money. That's just crap after the holidays. So I try my best to break even by getting just a little back each year. Maybe 100 bucks from the state and a few hundred from the Feds.

I got about $1500 back from the government this year. I don't mind giving that to the government as an interest-free loan. They're in enough mess already for me to be charging interest on a few hundred bucks.

I owe about $130ish dollars this year. Boo.

I wanna know how the government expects to make money when they give me more back on my taxes than I paid in

lol good example of a canadian state boobie

my friend claimed his entire degree's tuition in the same year so he got back 5 figures on his return

the party was wild.

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Originally Posted by Peegee

lol good example of a canadian state boobie

my friend claimed his entire degree's tuition in the same year so he got back 5 figures on his return

the party was wild.

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Whaaaaaaaaaat.

Got 18000 NOK in tax refunds, so I can't complain. :) Should be somewhere around 3300 US dollars.

Quote:

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Originally Posted by NecronChaosGarland

Quote:

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Originally Posted by Peegee

lol good example of a canadian state boobie

my friend claimed his entire degree's tuition in the same year so he got back 5 figures on his return

the party was wild.

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Whaaaaaaaaaat.

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u got mad jelly.mp3

Mad jelly.avi

It's actually not an interest-free loan to the government here. We get paid back a bit of interest as well. Not sure if it's exactly as much as I could have gotten if I had deposited them in a normal bank, but I doubt the difference would be much more than enough to buy me a burger at BK.

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Originally Posted by Mirage

It's actually not an interest-free loan to the government here. We get paid back a bit of interest as well. Not sure if it's exactly as much as I could have gotten if I had deposited them in a normal bank, but I doubt the difference would be much more than enough to buy me a burger at BK.

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A couple things is that you can't predict the interest rate, and that on a large scale (ie the entire income revenue), that's a lot of money.

My dad said the other day that it was the cut-off for when we start earning our own money. You know what I mean - every cent I made thusfar this year went to the gov't

well if you really care about every last cent, you could always set your tax rates to 0% and save up money to pay all taxes in one swoop when the next summer comes.