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» Hatrack River Forum » Active Forums » Books, Films, Food and Culture » What would you spend an $800 tax rebate on? (Page 2)

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Author Topic: What would you spend an $800 tax rebate on?
DeathofBees
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We'd put it toward the house we're building in Mexico City.
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Goody Scrivener
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quote:
Originally posted by Kwea:
Goody, let us know if that is what you do. I live about 1 1/2 hour from there, and there is a fairly active Hatrack clump in the Kissimmee area as well, and most of us like Disney. [Smile]

You got it!!!
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Javert Hugo
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*sad* I change my answer. I would put it towards fixing my car.
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SenojRetep
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I'd save it to pay off the tax debt I'll have next Spring due to the rebate I received this Spring.

That's the way this works, right? They're loaning us some money in advance which we'll have to pay back next tax year?

If not, well, $1600 might be enough to put us over the top for the new boiler we need.

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TomDavidson
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quote:
They're loaning us some money in advance which we'll have to pay back next tax year?
Heh. They're loaning us money that we'll have to pay back some time around 2015 in the form of foreign wars.
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SenojRetep
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quote:
Originally posted by TomDavidson:
quote:
They're loaning us some money in advance which we'll have to pay back next tax year?
Heh. They're loaning us money that we'll have to pay back some time around 2015 in the form of foreign wars.
And your investing in foreign currency is betting on the winner?
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TomDavidson
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Yes.
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fugu13
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Tom: just buy foreign stock indices. Most of the benefits of purchasing foreign currency, few of the downsides.

Precious metals are not a good investment.

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Enigmatic
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CNN story on what seems to be the latest compromise. For people who paid income tax it's $600 individual, $1200 joint. Incomes up to $75k single/$150k joint eligible. People who didn't make enough to pay income tax would get a lesser amount but still get something. There may also be some extra credit for people with kids in the works.

Again, I'm not really sure if this type of rebate helps much to stimulate the economy. I'm kind of surprised that we don't see any sort of "Buy American" campaign going on like we used to, but I'm guessing as there got to be fewer options to do so people kind of stopped supporting that.

--Enigmatic

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lem
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quote:
Donate it to the Ron Paul campaign so that I don't have to wonder whether the government will be so kind as to return to me a tiny fraction of the money I earned.
I am married and so we will probably get $1600 back. I plan on donating half to Ron Paul for the very reason Lisa wrote.

I didn't earn this welfare check. I might as well apply a significant portion to the only candidate that I think will seriously address our economy.

The other half will go as an additional payment on the principal on our house. We have no credit card or school loan debt but we have no real savings either, apart from my 401K (which my work automatically puts in money) and life insurance (which I pay into every month).

My goal is to get our overhead down as low as possible and pay off our house early. That is where all of our extra money goes.

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ketchupqueen
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quote:
Hands up who's married to a tax accountant...
*raises hand* [Smile]

Actually, he informs me it's closer to $4800, and that we'd also qualify for at least $1200 under the new deal they just reached (in addition to our regular refund.)

Not that I'm really thrilled about this-- I would rather see that money go toward, you know, education or health care. But as I told him, I guess it will be-- I'll spend it on our family's education and/or health care, in the end...

*lists things to buy before the new baby comes*
Three car seats to fit three across in our Corolla, stroller to replace the one that's falling apart, play pen to replace the one the toddlers destroyed last year... This is starting to look expensive...

(He also informs me he's changed our withholding so that next year we'll get only a very small refund, but we'll get more through the year. Which is fine by me.)

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Enigmatic
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That's a pretty good idea. If you're getting almost $5k back on your normal refund, I'd say your withholding is too high.

--Enigmatic

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brojack17
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It looks like it is a done deal now.

Linky

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El JT de Spang
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Well, if I'm only going to get $600 then I'm just going to take it to Vegas and bet it all on black.
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Xavier
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Would be sweet irony if I took the 600 bucks and donated it to the Obama campaign.
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TomDavidson
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I am so freakin' sick of government stepping in to save people from foreclosures. Don't they realize that saving people from foreclosure is what CAUSES FORECLOSURES?
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Enigmatic
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Yeah, I want more details on what that part involves. I can't help thinking "Hey, I'm a first-time homeowner and I'm NOT in danger of foreclosure... shouldn't I at least get a cookie?" [Wink]

--Enigmatic

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kojabu
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So I've had a full time job since June and I've had at least 2000-3000 taken out in taxes, but my dad claimed me as a dependent for last year. Will I get a rebate or will he get my money?
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Icarus
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quote:
Originally posted by Kwea:
. . . there is a fairly active Hatrack clump in the Kissimmee area as well. . .

Liar. [Razz]
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ketchupqueen
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quote:
Originally posted by Enigmatic:
That's a pretty good idea. If you're getting almost $5k back on your normal refund, I'd say your withholding is too high.

--Enigmatic

Well, actually, he was withholding at a sensible rate the first job he had, lost it, had a few months where he didn't work, and withheld nothing for Federal at the next job. But he plans to be at this job from now on so he actually sat down to crunch the numbers and see what's the highest he can withhold and not owe anything at the end of the year-- and we'll STILL get a refund. Having kids does that. Also, our refund wasn't going to be quite as high until he factored in that he was a full-time student for part of last year and that offset our liability.
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Artemisia Tridentata
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My Honey says she is going to be crusing on our next anniversery. She asked if I had any intention of being there too. I would probably use the money for that.
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ketchupqueen
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LOL! She's going with or without you, huh?
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Paul Goldner
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I wish, instead of giving tax rebates, and tax cuts, we'd, you know, cut our deficit a little bit?

Its pretty sick how much of our taxes go towards paying INTEREST on the national debt. We get that thing under control, and we can keep the same programs and drop everyone's taxes not just for one year, but long term.

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rivka
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quote:
Originally posted by Enigmatic:
Yeah, I want more details on what that part involves. I can't help thinking "Hey, I'm a first-time homeowner and I'm NOT in danger of foreclosure... shouldn't I at least get a cookie?" [Wink]

You should. And people like me, who crunched the numbers and decided buying a house was way too likely to result in foreclosure should get something too.

How about help with a down payment? [Razz]

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anti_maven
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Tax time is odd here in Spain. I can't make head nor tail of how it works - and belive me I have tried.

Still, I seem to get about 1500 Euros rebate each year, so I'm not complaining.

The truth is Mrs_Maven and I got an accountant to do our tax returns when we bought our house, in order to navigate the burocracy. It only cost us 100€ so we go back to him each year. It saves us time money and hassle and I consider it money well spent.

I suppose that the rebate scheme works out in the end - the Govt. has you money earning interest for a year before they have to give it back...

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Sterling
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quote:
Originally posted by TomDavidson:
quote:
They're loaning us some money in advance which we'll have to pay back next tax year?
Heh. They're loaning us money that we'll have to pay back some time around 2015 in the form of foreign wars.
Optimist. You think we're going to have to wait that long? [Smile]
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