Nice. Good looking car!denali4eva wrote:Again, it's not a big deal to me so, two each his/her own...AlaskaHawks wrote:Some people prefer to lose out on money they could earn on the time value of their money. I'm not one of those people.denali4eva wrote:
Oh that's okay, I've been doing it this way since I can remember and I don't mind that at all...I have a few CD's that I have going in my favor...And besides, it's nice to see a of my coins at the end of the year...
I did my taxes today...
- AlaskaHawks
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Re: I did my taxes today...
"The idea is not to block every shot. The idea is to make your opponent believe you might block every shot."
Bill Russell
"I'm just 'bout that action, boss"
L.O.B. = Love our Brothers.
Bill Russell
"I'm just 'bout that action, boss"
L.O.B. = Love our Brothers.
- AlaskaHawks
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Re: I did my taxes today...
Most people who are poor with their finances are the same way.deezna10 wrote:I'd rather get a couple thousand back at the end of the year rather than maybe spending that during the year and getting 0 back.AlaskaHawks wrote:It doesn't equal out. If you guys are okay missing out on your own money, that's fine. I just don't understand people that are okay donating money to the government.deezna10 wrote: It all equals out in the end. I'd rather pay in more and live off that and get a lump sum at the end rather than getting nothing back.
"The idea is not to block every shot. The idea is to make your opponent believe you might block every shot."
Bill Russell
"I'm just 'bout that action, boss"
L.O.B. = Love our Brothers.
Bill Russell
"I'm just 'bout that action, boss"
L.O.B. = Love our Brothers.
- Da Stars.
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Re: I did my taxes today...
Don't forget to do your state taxes
- denali4eva
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Re: I did my taxes today...
Da Stars. wrote:Don't forget to do your state taxes
I NEVER do those...
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Re: I did my taxes today...
denali4eva wrote:Da Stars. wrote:Don't forget to do your state taxes
I NEVER do those...
Cheating on the state of TX. Shame on you. Go to Missouri and try that. I dare ya. LOL.
Re: I did my taxes today...
Unless you are an avid stock trader, you're missing out on what 1%? (current average interest rate on 1-year cd's). So if you get back $2k in refunds, then you missed out on $20. I'll take the assurance of a refund and guaranteed $2k in the spring over a missed $20 or loss in stock returns.AlaskaHawks wrote:Most people who are poor with their finances are the same way.deezna10 wrote:I'd rather get a couple thousand back at the end of the year rather than maybe spending that during the year and getting 0 back.AlaskaHawks wrote: It doesn't equal out. If you guys are okay missing out on your own money, that's fine. I just don't understand people that are okay donating money to the government.
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Re: I did my taxes today...
If you know what the time value of money means, you'd understand. Sorry if you don't.Buckets wrote:Unless you are an avid stock trader, you're missing out on what 1%? (current average interest rate on 1-year cd's). So if you get back $2k in refunds, then you missed out on $20. I'll take the assurance of a refund and guaranteed $2k in the spring over a missed $20 or loss in stock returns.AlaskaHawks wrote:Most people who are poor with their finances are the same way.deezna10 wrote: I'd rather get a couple thousand back at the end of the year rather than maybe spending that during the year and getting 0 back.
"The idea is not to block every shot. The idea is to make your opponent believe you might block every shot."
Bill Russell
"I'm just 'bout that action, boss"
L.O.B. = Love our Brothers.
Bill Russell
"I'm just 'bout that action, boss"
L.O.B. = Love our Brothers.
- denali4eva
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Re: I did my taxes today...
OMG guys, that's enough...This was suppose to be a happy thread for me for crying out loud!
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Re: I did my taxes today...
denali4eva wrote:OMG guys, that's enough...This was suppose to be a happy thread for me for crying out loud!
You should buy American.
"The idea is not to block every shot. The idea is to make your opponent believe you might block every shot."
Bill Russell
"I'm just 'bout that action, boss"
L.O.B. = Love our Brothers.
Bill Russell
"I'm just 'bout that action, boss"
L.O.B. = Love our Brothers.
Re: I did my taxes today...
What kind of Denali? Yukon Denali, Sierra Denali.... ?denali4eva wrote:OMG guys, that's enough...This was suppose to be a happy thread for me for crying out loud!
- Da Stars.
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Re: I did my taxes today...
denali4eva wrote:OMG guys, that's enough...This was suppose to be a happy thread for me for crying out loud!
Congrats on getting a good refund and all. But you missed the memo. It is pick on Denali day.
Re: I did my taxes today...
What are you trying to prove? That you missed 365 days of spending or investing your money elsewhere? Yes I understand that you are in essence providing a $2k loan to the government for 365 days. And like I said, if you choose to invest that money elsewhere you can earn 1% through the bank or higher returns through the stock market. Your time value of money explanation only has a bearing of 365 days or however long it takes to file taxes for each year of refund. So instead of investing that $1 on January 1, 2013, I invested it in January 1, 2014.AlaskaHawks wrote:If you know what the time value of money means, you'd understand. Sorry if you don't.Buckets wrote:Unless you are an avid stock trader, you're missing out on what 1%? (current average interest rate on 1-year cd's). So if you get back $2k in refunds, then you missed out on $20. I'll take the assurance of a refund and guaranteed $2k in the spring over a missed $20 or loss in stock returns.AlaskaHawks wrote: Most people who are poor with their finances are the same way.
I ran an annuity calculation of the $20 saved each year for 30 years and gave a moderate before tax return rate of 8% and came up with a total value of $1,800. So congrats, that $600 you invested ($20 each year for 30 years at 8%) basically trippled to $1,800. But sorry I'm not impressed with the $1,200 return over 30 years or $40 per year.
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Re: I did my taxes today...
1% is pathetic. Anyone who has money tied up at 1% doesn't know what they're doing. There are many options out there right now providing a higher rate of return.Buckets wrote:What are you trying to prove? That you missed 365 days of spending or investing your money elsewhere? Yes I understand that you are in essence providing a $2k loan to the government for 365 days. And like I said, if you choose to invest that money elsewhere you can earn 1% through the bank or higher returns through the stock market. Your time value of money explanation only has a bearing of 365 days or however long it takes to file taxes for each year of refund. So instead of investing that $1 on January 1, 2013, I invested it in January 1, 2014.AlaskaHawks wrote:If you know what the time value of money means, you'd understand. Sorry if you don't.Buckets wrote: Unless you are an avid stock trader, you're missing out on what 1%? (current average interest rate on 1-year cd's). So if you get back $2k in refunds, then you missed out on $20. I'll take the assurance of a refund and guaranteed $2k in the spring over a missed $20 or loss in stock returns.
I ran an annuity calculation of the $20 saved each year for 30 years and gave a moderate before tax return rate of 8% and came up with a return of $1,800. So congrats, that $600 you invested ($20 each year for 30 years at 8%) basically trippled to $1,800. But sorry I'm not impressed with the $1,200 return over 30 years or $40 per year.
"The idea is not to block every shot. The idea is to make your opponent believe you might block every shot."
Bill Russell
"I'm just 'bout that action, boss"
L.O.B. = Love our Brothers.
Bill Russell
"I'm just 'bout that action, boss"
L.O.B. = Love our Brothers.
- denali4eva
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- Location: Houston, Texas
Re: I did my taxes today...
I think I should buy what I want, right?AlaskaHawks wrote:denali4eva wrote:OMG guys, that's enough...This was suppose to be a happy thread for me for crying out loud!
You should buy American.
I'm not in your pockets telling you what to buy now am I?
- AlaskaHawks
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Re: I did my taxes today...
I'm gonna respectfully bow out of this thread. Denali asked nicely.
"The idea is not to block every shot. The idea is to make your opponent believe you might block every shot."
Bill Russell
"I'm just 'bout that action, boss"
L.O.B. = Love our Brothers.
Bill Russell
"I'm just 'bout that action, boss"
L.O.B. = Love our Brothers.
- denali4eva
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- Joined: Sat Jan 18, 2014 10:41 pm
- Location: Houston, Texas
Re: I did my taxes today...
Well you bitches better back up off me with the quickness...Da Stars. wrote:denali4eva wrote:OMG guys, that's enough...This was suppose to be a happy thread for me for crying out loud!
Congrats on getting a good refund and all. But you missed the memo. It is pick on Denali day.
- denali4eva
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Re: I did my taxes today...
It's cool AH because I do appreciate you answering my initial question but then, you went left...lolAlaskaHawks wrote:I'm gonna respectfully bow out of this thread. Denali asked nicely.
Re: I did my taxes today...
Yes but those options involve more risk. People who prefer refunds are likely risk averse and therefore wouldn't choose the high risk investments. Remember also, if you lose money on those investments well then the $2k refund person will be ahead. I get what you are saying but the time value of money theory on refunds is marginal at best for the average personAlaskaHawks wrote:1% is pathetic. Anyone who has money tied up at 1% doesn't know what they're doing. There are many options out there right now providing a higher rate of return.Buckets wrote:What are you trying to prove? That you missed 365 days of spending or investing your money elsewhere? Yes I understand that you are in essence providing a $2k loan to the government for 365 days. And like I said, if you choose to invest that money elsewhere you can earn 1% through the bank or higher returns through the stock market. Your time value of money explanation only has a bearing of 365 days or however long it takes to file taxes for each year of refund. So instead of investing that $1 on January 1, 2013, I invested it in January 1, 2014.AlaskaHawks wrote: If you know what the time value of money means, you'd understand. Sorry if you don't.
I ran an annuity calculation of the $20 saved each year for 30 years and gave a moderate before tax return rate of 8% and came up with a return of $1,800. So congrats, that $600 you invested ($20 each year for 30 years at 8%) basically trippled to $1,800. But sorry I'm not impressed with the $1,200 return over 30 years or $40 per year.
Re: I did my taxes today...
The very idea of income taxes is offensive and should never have been implemented. It was left out of the Constitution for good reason.
The 16th amendment should never have existed and should be repealed. The 17th is also abhorrent.
The 16th amendment should never have existed and should be repealed. The 17th is also abhorrent.