What I am going to do with my tax refund.

Pilgrim · Apr 22, 2007

Mike in Seattle said:
If it's an annual thing, all a refund means is you're having too much withheld, and happily made an interest-free loan to the government...

Words to live by. Of course, as ones' situation changes from year to year, some adjustments are often necessary to minimize or eliminate the interest-free loan to the gummint.

Fortunately (or unfortunately) I have not been in a position to provide such loans for some years now.

One year in the early 80's, I actually did get a refund of some hundreds of dollars. I used it to attend a 2-day high performance driving session at the Bondurant School, which was then located at Sears Point Raceway north of San Francisco. I'd have to say that was one of the best investments in driving skill - and the most fun - of anything I've ever done. it was a blast!

RaasAlHayya · Apr 22, 2007

I spent my sizable tax refund on fees from a tax return I forgot to do for 2000. :cry:

--Leslie

carebear · Apr 22, 2007

Pilgrim said:
Words to live by. Of course, as ones' situation changes from year to year, some adjustments are often necessary to minimize or eliminate the interest-free loan to the gummint.

Fortunately (or unfortunately) I have not been in a position to provide such loans for some years now.

One year in the early 80's, I actually did get a refund of some hundreds of dollars. I used it to attend a 2-day high performance driving session at the Bondurant School, which was then located at Sears Point Raceway north of San Francisco. I'd have to say that was one of the best investments in driving skill - and the most fun - of anything I've ever done. it was a blast!

That's on my list, the Bondurant or the Scotty school.

HoosierDaddy · Apr 22, 2007

PARTY LIKE IT"S 1939!!

HD

Doh! · Apr 22, 2007

LizzieMaine said:
Buy a tank of gas.

I plan to get "tanked up" as well.

SinatraStyle · Apr 22, 2007

I can think of many things on which to spend a refund...however, I'm only getting about $20. (I guess I did my taxes correctly this year...no loan for Uncle Sam.) No complaining here though...a check for any amount beats having to pay.

Dixon Cannon · Apr 22, 2007

Huh?!!...

SinatraStyle said:
I can think of many things on which to spend a refund...however, I'm only getting about $20. (I guess I did my taxes correctly this year...no loan for Uncle Sam.) No complaining here though...a check for any amount beats having to pay.

Better check that W-2 again! The twenty dollars is what the government allows you to keep! You loaned them a portion of your earnings out of every paycheck. They keep the larger amount that you've loaned them over the year, and they "refund" back to you what they deem is an 'over-payment'.

It's an illusion created to make you feel like you didn't pay. Which is why in the private sector they call this sort of thing 'theft by deception'. -dc

Martinis at 8 · Apr 22, 2007

Dixon Cannon said:
...in the private sector they call this sort of thing 'theft by deception'. -dc

I don't believe the 'deception' part

BegintheBeguine · Apr 22, 2007

Oh, I'd rather pay. I'm good at saving, luckily, because last year I thought I was getting a refund but got socked with a bill for tax, fees, and penalties for an extra 800 bucks! Still have to figure out who goofed and why. I didn't even work full time and I deposited $2000 into my IRA. Hmmmm.
Yeah, it's funny people's perceptions of taxes. When they say how much they get back I ask how much was their tax liability and they say HUUUUHHHHH????

carebear · Apr 23, 2007

One of my favorite scenes on the West Wing (which I watched mostly to hurl invective at the screen) was a discussion between one of the staffers and his staffer girlfriend(?) about a tax surplus. The Dem. staffer was trying to figure out what to spend it on and the lady staffer, once she figured out it was more than the govt. needed that year to run things, asked why they just shouldn't give it back.

He started in on "all the good they could do" and she just kept repeating, "But it's my money!"

BegintheBeguine · Apr 23, 2007

I self-edited my post because it was getting political! lol To answer the thread question: if I had more withheld during the year and recieved a refund I would save it so I could visit the nearby Salvation Army Thrift Store several times each month.

carebear · Apr 23, 2007

BegintheBeguine said:
I self-edited my post because it was getting political! lol To answer the thread question: if I had more withheld during the year and recieved a refund I would save it so I could visit the nearby Salvation Army Thrift Store several times each month.

A very good use of your money.

I, however, had to pay property taxes with mine this year.

BegintheBeguine · Apr 23, 2007

Oh, I paid county, city and school taxes by not buying anything except the bare minimum groceries for a few months.

(Just ate the last MRE that was kicking around.)

Adelaidey · Apr 23, 2007

Cashed the checks today.... bought a can of Aqua Net at Walgreens... that's it so far... [huh]

Martinis at 8 · Apr 23, 2007

BegintheBeguine said:
...(Just ate the last MRE that was kicking around.)

Okay, that was funny!

BegintheBeguine · Apr 23, 2007

Funny thing is

It's all true. (Or is that a sad thing?) See the make do and mend thread.

ValleyBoy · Apr 23, 2007

Save it for a rainy day...buy a trenchcoat.

Dan G · Apr 23, 2007

Dan is now completely and totally debt free.

With a little bit of gas and guitar string money left.

WEEGEE · Apr 23, 2007

Five Star ???

BegintheBeguine

(Just ate the last MRE that was kicking around.)

And a review.. .lol

BegintheBeguine · Apr 23, 2007

SOS is an accurate nickname.

What I am going to do with my tax refund.

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