# Taxes are done!!!

**URL:** <https://forums.speedlife.net/t/taxes-are-done/62401>\
**Category:** NYSpeed Off Topic\
**Created:** [February 3, 2009, 12:56pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401 "2009-02-03T12:56:58Z")\
**Posts on this page:** 20\
**Page:** 3

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**Author:** ![Willybeen](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/willybeen/32/7351_2.png) [@Willybeen](https://forums.speedlife.net/u/Willybeen)\
**Post date:** [February 3, 2009, 2:21pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/41 "2009-02-03T14:21:50Z")

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he sucks sooo bad.

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**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\
**Post date:** [February 3, 2009, 2:22pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/42 "2009-02-03T14:22:13Z")

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I’d be pissed if I got thousands back. The government won’t give me a free loan. :nono:

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**Author:** ![TurboTSi](https://avatars.discourse-cdn.com/v4/letter/t/22d042/32.png) [@TurboTSi](https://forums.speedlife.net/u/TurboTSi)\
**Post date:** [February 3, 2009, 2:25pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/43 "2009-02-03T14:25:32Z")

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> [@cougarspeed](#):
>
> $7,500 as the loan/credit

I did my math wrong on the deduction, but still getting $5500 back a lot of money. I bought my house (income property) last year and spent 12K fixing it up. Got a $1200 return last year.

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**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\
**Post date:** [February 3, 2009, 2:28pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/44 "2009-02-03T14:28:09Z")

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> [@TurboTSi](#):
>
> I did my math wrong on the deduction, but still getting $5500 back a lot of money. I bought my house (income property) last year and spent 12K fixing it up. Got a $1200 return last year.

Maybe one of them has considerable bonus income? I know my return looks too big since I get an annual bonus that is heavily taxed. Other then that yea it is rather high but I dont think its that crazy for two people.

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**Author:** ![TurboTSi](https://avatars.discourse-cdn.com/v4/letter/t/22d042/32.png) [@TurboTSi](https://forums.speedlife.net/u/TurboTSi)\
**Post date:** [February 3, 2009, 2:35pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/45 "2009-02-03T14:35:15Z")

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Well her part of the refund is $5500 without the rebate so that is why it seems abnormally high. I’m in the same boat as you with the heavily taxed bonus and mine was still $1200 last year.

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**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\
**Post date:** [February 3, 2009, 2:38pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/46 "2009-02-03T14:38:59Z")

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> [@TurboTSi](#):
>
> Well her part of the refund is $5500 without the rebate so that is why it seems abnormally high. I’m in the same boat as you with the heavily taxed bonus and mine was still $1200 last year.

Yea I got nothing haha with a heavily taxed bonus I get around 2k.

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**Author:** ![Jack](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jack/32/7613_2.png) [@Jack](https://forums.speedlife.net/u/Jack)\
**Post date:** [February 3, 2009, 2:57pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/47 "2009-02-03T14:57:02Z")

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$5500 is easy to get back. I was getting almost that much back before the house.

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**Author:** ![BOBBYGRV](https://avatars.discourse-cdn.com/v4/letter/b/ed8c4c/32.png) [@BOBBYGRV](https://forums.speedlife.net/u/BOBBYGRV)\
**Post date:** [February 3, 2009, 3:47pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/48 "2009-02-03T15:47:09Z")

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> [@civicjim](#):
>
> I don’t get it… :gotme: or the other graph for that matter. Why all the graphs?

:suicide::suicide::suicide::suicide:

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**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\
**Post date:** [February 3, 2009, 3:54pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/49 "2009-02-03T15:54:31Z")

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> [@Fry](#):
>
> I’d be pissed if I got thousands back. The government won’t give me a free loan. :nono:

came to post this.

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**Author:** ![almostBrett](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/almostbrett/32/5249_2.png) [@almostBrett](https://forums.speedlife.net/u/almostBrett)\
**Post date:** [February 3, 2009, 4:09pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/50 "2009-02-03T16:09:29Z")

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how the fuck do you even get a return… i just pay out the ass the whole time

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**Author:** ![almostBrett](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/almostbrett/32/5249_2.png) [@almostBrett](https://forums.speedlife.net/u/almostBrett)\
**Post date:** [February 3, 2009, 4:10pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/51 "2009-02-03T16:10:16Z")

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you have more write-offs than income?

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**Author:** ![JEG](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jeg/32/7246_2.png) [@JEG](https://forums.speedlife.net/u/JEG)\
**Post date:** [February 3, 2009, 4:17pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/52 "2009-02-03T16:17:51Z")

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i get a whoppong $800 wtf.

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**Author:** ![Z\_PHAT\_Z](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/z_phat_z/32/7293_2.png) [@Z\_PHAT\_Z](https://forums.speedlife.net/u/Z_PHAT_Z)\
**Post date:** [February 3, 2009, 4:26pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/53 "2009-02-03T16:26:24Z")

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Nice tax return! But I would never put a house or anything under a girl friend name.

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**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\
**Post date:** [February 3, 2009, 4:26pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/54 "2009-02-03T16:26:36Z")

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we paid about 4k in property tax and 3k in points, 6k in mortgage interest that plus some student loan interest adds up fast.

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**Author:** ![Jack](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jack/32/7613_2.png) [@Jack](https://forums.speedlife.net/u/Jack)\
**Post date:** [February 3, 2009, 4:38pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/55 "2009-02-03T16:38:54Z")

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> [@Viper966](#):
>
> we paid about 4k in property tax and 3k in points, 6k in mortgage interest that plus some student loan interest adds up fast.

3k in points? What kind of rate where they trying to give you?

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**Author:** ![snowracer101](https://avatars.discourse-cdn.com/v4/letter/s/258eb7/32.png) [@snowracer101](https://forums.speedlife.net/u/snowracer101)\
**Post date:** [February 3, 2009, 4:42pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/56 "2009-02-03T16:42:33Z")

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> [@almostBrett](#):
>
> how the fuck do you even get a return… i just pay out the ass the whole time

When you have a normal job, you set it up so your employer takes out about 20-30% of your gross pay.  
I honestly think it’s stupid when people do that, because you give the government an interest free loan.

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<div class="post-metadata">

**Author:** ![Jack](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jack/32/7613_2.png) [@Jack](https://forums.speedlife.net/u/Jack)\
**Post date:** [February 3, 2009, 4:44pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/57 "2009-02-03T16:44:39Z")

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> [@sedlmeier101](#):
>
> When you have a normal job, you set it up so your employer takes out about 20-30% of your gross pay.  
> I honestly think it’s stupid when people do that, because you give the government an interest free loan.

It gives people a reason to splurge in February…

If I just kept that money and paid them in April… I wouldn’t be any further ahead. Keyword being “I”.

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<div class="post-metadata">

**Author:** ![snowracer101](https://avatars.discourse-cdn.com/v4/letter/s/258eb7/32.png) [@snowracer101](https://forums.speedlife.net/u/snowracer101)\
**Post date:** [February 3, 2009, 4:49pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/58 "2009-02-03T16:49:39Z")

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> [@Jack](#):
>
> It gives people a reason to splurge in February…
> 
> If I just kept that money and paid them in April… I wouldn’t be any further ahead. Keyword being “I”.

Yeah, but if you’re making decent money, you could throw that 20% in a high yielding savings account, and make decent money on it.

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<div class="post-metadata">

**Author:** ![Jeller](https://avatars.discourse-cdn.com/v4/letter/j/bc8723/32.png) [@Jeller](https://forums.speedlife.net/u/Jeller)\
**Post date:** [February 3, 2009, 4:51pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/59 "2009-02-03T16:51:31Z")

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Huh, I always thought the optimal thing was to get back/owe nothing… congrats on the HUGE return.

Should we be expecting some “new purchases” threads soon 😉

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<div class="post-metadata">

**Author:** ![ILC](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ilc/32/5337_2.png) [@ILC](https://forums.speedlife.net/u/ILC)\
**Post date:** [February 3, 2009, 5:02pm UTC](https://forums.speedlife.net/t/taxes-are-done/62401/60 "2009-02-03T17:02:05Z")

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> [@Jeller](#):
>
> Huh, I always thought the optimal thing was to get back/owe nothing… congrats on the HUGE return.
> 
> Should we be expecting some “new purchases” threads soon 😉

Nah invest what you earn and pay the tax at the end of the year.

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