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Other than Brewing => The Pub => Topic started by: dano14041 on April 18, 2011, 11:18:06 am

Title: Happy Tax Day!
Post by: dano14041 on April 18, 2011, 11:18:06 am
Happy Tax Day!

I hope all of you (in the US) have timely filed your taxes or extensions.

Brought some Rye Ale to share with the boss when we get done today!



Title: Re: Happy Tax Day!
Post by: euge on April 18, 2011, 11:24:29 am
I thought that was on Friday the 15th.
Title: Re: Happy Tax Day!
Post by: theDarkSide on April 18, 2011, 11:26:41 am
Friday was a DC holiday ( emmancipation day ) so it got bumped to today.

Mine were done a couple months ago, and the month was spent 2 months before that  :D
Title: Re: Happy Tax Day!
Post by: punatic on April 18, 2011, 11:38:18 am
The subject of this thread is an oxymoron.
Title: Re: Happy Tax Day!
Post by: theDarkSide on April 18, 2011, 11:45:10 am
The subject of this thread is an oxymoron.

Not if you are one of these 18K filers making over $500k:

http://money.cnn.com/2011/04/14/pf/taxes/who_pays_income_taxes/index.htm

Title: Re: Happy Tax Day!
Post by: punatic on April 18, 2011, 11:59:20 am
18,000 out of 69,000,000 = 0.026%

Can you say, "General Electric?"
Title: Re: Happy Tax Day!
Post by: dano14041 on April 18, 2011, 12:07:24 pm
The subject of this thread is an oxymoron.

Not if you are working in that field and today is the last day of the madness. ;-)
Title: Re: Happy Tax Day!
Post by: euge on April 18, 2011, 12:15:26 pm
I usually end up paying a bit, but have intentionally structured it that way. Some of my colleagues get as much as 8K back from the IRS every year. They have kids. So it leads me to wonder who actually shoulders the burden.
Title: Re: Happy Tax Day!
Post by: corkybstewart on April 18, 2011, 01:29:15 pm
I figure paying a little every year is better than letting the guvmint use my money interest free all year.  I've never understood the "Whoopee,  I got my refund" mentality.  Give me my money over the course of the year and I'll take care of it myself.  This year I had to pay about $1000 due to a big raise I got in September.
Title: Re: Happy Tax Day!
Post by: euge on April 18, 2011, 01:37:54 pm
I figure paying a little every year is better than letting the guvmint use my money interest free all year.  I've never understood the "Whoopee,  I got my refund" mentality.  Give me my money over the course of the year and I'll take care of it myself.  This year I had to pay about $1000 due to a big raise I got in September.

+1 Exactly my philosophy. It was my money to begin with.
Title: Re: Happy Tax Day!
Post by: dano14041 on April 18, 2011, 02:00:01 pm
Wasn't trying to get political. I am just happy that the long hours are over! I get to have a life again!  ;D
Title: Re: Happy Tax Day!
Post by: punatic on April 18, 2011, 02:37:53 pm
Wasn't trying to get political. I am just happy that the long hours are over! I get to have a life again!  ;D

Relax, Don't Worry, Have a Homebrew!  :D
Title: Re: Happy Tax Day!
Post by: dano14041 on April 18, 2011, 02:50:03 pm
Wasn't trying to get political. I am just happy that the long hours are over! I get to have a life again!  ;D

Relax, Don't Worry, Have a Homebrew!  :D

Relax, Don't Worry, Brew some Homebrew! ;)
Title: Re: Happy Tax Day!
Post by: Slowbrew on April 18, 2011, 03:33:29 pm
I figure paying a little every year is better than letting the guvmint use my money interest free all year.  I've never understood the "Whoopee,  I got my refund" mentality.  Give me my money over the course of the year and I'll take care of it myself.  This year I had to pay about $1000 due to a big raise I got in September.

+1 Exactly my philosophy. It was my money to begin with.

My yearly goal is to get enough back form the state to cover what I owe to the Feds.  It has worked pretty well for the last few years.  Ya, the state has some of my money interest free for a few months but the Feds get shorted any extra income and I come out even.  Seems like an even trade.  Next year starts to get ugly though, my oldest stops being deductible and starts college.  8^(

Paul
Title: Re: Happy Tax Day!
Post by: euge on April 18, 2011, 04:12:36 pm
Then though you can take the Hope credit... That's dollar for dollar of your tax liability. IIRC
Title: Re: Happy Tax Day!
Post by: Pawtucket Patriot on April 18, 2011, 04:25:18 pm
My wife works as an independent contractor for various hospitals in the Twin Cities.  She set up a sole proprietorship this year and we apparently grossly underestimated what she was going to owe.  Coupled with the fact that I boneheadedly claimed too many allowances, we ended up owing the most we've ever had to pay in.  Here's to better planning in 2011!!  I'll be throwing down a few pints tonight, that's for sure. :'(
Title: Re: Happy Tax Day!
Post by: bluesman on April 18, 2011, 04:59:39 pm
My wife works as an independent contractor for various hospitals in the Twin Cities.  She set up a sole proprietorship this year and we apparently grossly underestimated what she was going to owe.  Coupled with the fact that I boneheadedly claimed too many allowances, we ended up owing the most we've ever had to pay in.  Here's to better planning in 2011!!  I'll be throwing down a few pints tonight, that's for sure. :'(

My wife and I also owed a record amount this year.  :'(

A few pints are definitely in order tonight.
Title: Re: Happy Tax Day!
Post by: speed on April 18, 2011, 05:34:50 pm
own my own business, haven't seen a refund in over 20 years. i just pay in every quarter and say thank you :'(