 Another suspension budget gone!, tax's suck! |
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  Mar 3 2005, 05:59 AM
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#1
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Grumpy  Group: Advanced Members Posts: 2,722 Joined: 1-January 04 From: Bakersfield CA Member No.: 81  |
Well just did the tax's and i have to pay big time!AGAIN (IMG:http://www.frrax.com/rrforum/style_emoticons/default/rant2.gif) $2500 (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif)
This is the 3rd suspension budget that i won't get to spend. All i been wanting to do is get all of it at once, but i guess it's not ment to be! So i'll have to do it the hard way as allway's. Two piece's down,Sams f/bar and Prothane a-arm kit(going to try it) It feels like my heart's been ripped from my body! AGAIN |
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Mar 3 2005, 03:14 PM
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#2
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Advanced Member Group: Advanced Members Posts: 501 Joined: 15-February 04 Member No.: 210 |
It's simple if you look at it the way the IRS does. See, you have an inalienable right to pay taxes; driving is merely a privelege. Seriously though, I sympathize with you. Unless you earn 7 figures or have some large undeclared source of income it is getting harder and harder to afford much beyond the basic necessities. I wonder how long "hobby"/leisure related industries are going to survive if the present shrinking of the middle class' economic power continues. Scary to think that things are like this even when most families are working on two incomes...
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Mar 3 2005, 03:33 PM
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#3
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Advanced Member Group: Advanced Members Posts: 360 Joined: 24-September 04 From: Missouri Member No.: 468 |
Look at the bright side.
I would much rather owe the IRS than get a refund. If you are getting a refund, then the IRS had your money for a year and paid you no interest. If you owe the IRS, then you had their money for a year and paid them no interest. Also you could setup some 401K or other plan and put some money into it, that could reduce what you owe to the IRS. Taxes suck, but not much you can do about it. I do worry also, about the slow destruction of the middle class. My .02 Z28 |
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Mar 3 2005, 10:49 PM
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#4
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Experienced Member Group: Advanced Members Posts: 2,289 Joined: 4-May 04 From: Kenvil, NJ Member No.: 331 |
Only someone on this board could turn owing the IRS money into a good thing!! (IMG:http://www.frrax.com/rrforum/style_emoticons/default/rolleyes.gif)
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Mar 4 2005, 12:25 AM
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#5
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Advanced Member Group: Advanced Members Posts: 827 Joined: 30-December 03 From: Bellevue WA Member No.: 73 |
QUOTE (firehawkclone @ Mar 2 2005, 09:59 PM) Well just did the tax's and i have to pay big time!AGAIN (IMG:http://www.frrax.com/rrforum/style_emoticons/default/rant2.gif) $2500 (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) Be glad thats all your paying. You don't want my tax bill (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) |
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Mar 4 2005, 12:35 AM
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#6
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Senior Member Group: Advanced Members Posts: 5,226 Joined: 24-December 03 From: Danville, CA, USA Member No.: 27 |
...oh I agree....taking the money up front and investing it, using it for your own good is "the smart" way to do it...however....
If you are like me...put an extra $100 or $500 a month into my income...and it will be pissed away WITHOUT ME KNOWING OR FEELING it....so I plan to get a small refund each year...typically "special project" money (IMG:http://www.frrax.com/rrforum/style_emoticons/default/biggrin.gif) ...problem is...this year was SUPPOSED to be my big year...refund wise...my wife changed employment, and we had to move some investments around and got RAPED on the taxes of those, so we expected the MOTHERLOAD refund this year..... UNFORTUNATELY....all those cashed in investments rose our income to the "next level" and we only got a slightly bigger refund than normal (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) (IMG:http://www.frrax.com/rrforum/style_emoticons/default/banghead.gif) (IMG:http://www.frrax.com/rrforum/style_emoticons/default/nutkick.gif) |
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Mar 4 2005, 01:07 AM
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#7
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Benched Member Group: Advanced Members Posts: 535 Joined: 16-March 04 From: Northern California Member No.: 273 |
We take a lump every year also (IMG:http://www.frrax.com/rrforum/style_emoticons/default/nutkick.gif) But when we were younger and less fortunate IRS would give us back more than we put in. Married and children = EIC earned income credit. Now they have to take it back (IMG:http://www.frrax.com/rrforum/style_emoticons/default/rolleyes.gif)
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