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Pillar of the Community
 United States
1132 Posts |
Quote:
I never could figure out why anyone would want or plan on a tax refund. I had my 1st job @ age 14 (sorting library books & putting them back on the shelves). I'm just used to it I guess. About 10 years ago I was a painter (subcontracted) for prefabricated houses & no taxes were deducted as I just signed a ledger & was paid in cash. That year I got my first (and only) 1099...I owed thousands of dollars. It took me about 3 years to chip it away. I never want that feeling EVER AGAIN. This year I'm receiving about $6k (give or take) the first week of February. I like that feeling a lot better. Edited by CopperCastle
01/12/2015 01:40 am
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Pillar of the Community
United States
3843 Posts |
Not a very large amount but I'm tentatively budgeting half going into savings and the other half going into coins/silver. Had the same allocation last year but somehow it all went to coins!  |
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Pillar of the Community
United States
1132 Posts |
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Had the same allocation last year but somehow it all went to coins! No judgement here Joe. I like hearing stories of others spending lots of money on coins. It makes me feel better about myself when I do it.  |
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Bedrock of the Community
United States
17884 Posts |
Depends on what is in the EAC sale this year.
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Moderator
 United States
188770 Posts |
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I never could figure out why anyone would want or plan on a tax refund. The way I've always looked at taxes is why let the government hold your money with no interest... I feel the same way. Any tax refund I get goes into one of my investment accounts. I will adjust my withholding amount if the refund is too high. |
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Pillar of the Community
United States
1132 Posts |
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Depends on what is in the EAC sale this year. EAC sale? |
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Bedrock of the Community
United States
17884 Posts |
EAC = Early American Coppers club. They have an annual convention and sale (auction) Anyone can attend the convention, but the sale is only open to the membership. About 500 lots of colonials, Half Cents, and large cents sometimes with some Conders and hard times tokens thrown in as well. |
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Pillar of the Community
United States
1132 Posts |
That's awesome! (BIG copper fan)  I've heard that acronym before, but it was "Exact Audio Copy"...which obviously makes no sense in this context, LOL |
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Pillar of the Community
United States
1132 Posts |
For the lack of topic oriented responses in this thread, coupled with anti-tax refund replies... I' ll wager 10-1 this forum absolutely explodes the 2nd week of February with new acquisitions. Any takers?  Edited by CopperCastle
01/13/2015 8:18 pm
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New Member
United States
45 Posts |
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Moderator
United States
188770 Posts |
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I' ll wager 10-1 this forum absolutely explodes the 2nd week of February with new acquisitions Well, there is a coin show the third week of February, for which I have already budgeted.  |
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Valued Member
United States
331 Posts |
No refund here. |
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Pillar of the Community
United States
716 Posts |
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This year I'm receiving about $6k (give or take) the first week of February. I like that feeling a lot better You gave the government $6000 of your money to play with for a whole year  |
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Pillar of the Community
United States
1512 Posts |
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You gave the government $6000 of your money to play with for a whole year It is quite possible to pay ZERO in Federal Income Tax during the year (via withholding or quarterly payments) and still receive a refund. He may have a gaggle of children (I have four, so I know!), or receive the earned income credit, etc. |
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Pillar of the Community
United States
1132 Posts |
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It is quite possible to pay ZERO in Federal Income Tax during the year (via withholding or quarterly payments) and still receive a refund. He may have a gaggle of children (I have four, so I know!), or receive the earned income credit, etc. You're correct! I also save reciepts from medical expenses & charitable contributions. Edited by CopperCastle
01/14/2015 3:04 pm
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Posted 01/12/2015 01:49 am
