24/7 Customer Service 1-866-236-8417 Need Help? 1-866-236-8417

Closed Thread
Results 1 to 24 of 24
  1. #1
    EllusionisT EllusioN's Avatar
    Join Date: Jan 2005
    Location: United States
    Age: 27
    Stats: 10'0", 1000 lbs
    Posts: 5,205
    BodyPoints: 7854
    Rep Power: 2381
    EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000)
    Visit EllusioN's BodySpace
    EllusioN is offline

    Question 40K salary, how much tax refund will I get back?!

    How much taxes will I be paying and how much $ will be my refund?


    Assumption:

    Salary: $40,000
    State: VA
    age: 22

    -Single
    - paid 4k into 401k
    - paid $250 monthly for 12 months, Student loans
    Greatness comes to those who take it.

    If you can't command, then you must follow.

    I would rather fail everyone in the world than to allow them to fail me.



    I REP BACK (save me the trouble by linking your thread in usercp

  2. #2
    Watch Me Shine Worldwide's Avatar
    Join Date: Mar 2004
    Location: Bermuda
    Stats: 5'11", 200 lbs
    Posts: 17,067
    BodyPoints: 28718
    Rep Power: 5572
    Worldwide is a name known to all. (+5000) Worldwide is a name known to all. (+5000) Worldwide is a name known to all. (+5000) Worldwide is a name known to all. (+5000) Worldwide is a name known to all. (+5000) Worldwide is a name known to all. (+5000) Worldwide is a name known to all. (+5000) Worldwide is a name known to all. (+5000) Worldwide is a name known to all. (+5000) Worldwide is a name known to all. (+5000) Worldwide is a name known to all. (+5000)
    Visit Worldwide's BodySpace
    Worldwide is offline
    3.50
    "The patriot's blood is the seed of Freedom's tree."
    ~Thomas Campbell

    GOD BLESS OUR TROOPS


    Stealth 5k+ Crew

    owe:
    Projectxlol
    PlasticTrees
    DrGreenthumb420
    TheRealCartman

  3. #3
    545lbs ScottGomez's Avatar
    Join Date: Mar 2010
    Location: Montreal, QC, Canada
    Stats: 5'11", 219 lbs
    Posts: 8,205
    Rep Power: 9409
    ScottGomez is a name known to all. (+5000) ScottGomez is a name known to all. (+5000) ScottGomez is a name known to all. (+5000) ScottGomez is a name known to all. (+5000) ScottGomez is a name known to all. (+5000) ScottGomez is a name known to all. (+5000) ScottGomez is a name known to all. (+5000) ScottGomez is a name known to all. (+5000) ScottGomez is a name known to all. (+5000) ScottGomez is a name known to all. (+5000) ScottGomez is a name known to all. (+5000)
    Visit ScottGomez's BodySpace
    ScottGomez is offline
    Stats: 10'0", 1000 lbs
    Deadlift - 545lbs
    Frontsquat - 350lbs
    Bench Press - 315lbs

    Bosna represent

    From soft to abs (244lbs -> 209lbs) : thread #149454313

  4. #4
    lbc crew laxer32's Avatar
    Join Date: Dec 2008
    Stats: 6'1", 175 lbs
    Posts: 4,499
    Rep Power: 1535
    laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000)
    Visit laxer32's BodySpace
    laxer32 is offline
    http://turbotax.intuit.com/tax-tools...taxcaster/?s=1


    use the taxable wages on your w-2 or last paycheck of the year

    also, the student loan interest is tax deductible. you should be able to find the info on your online account for the loans
    snapchat: weavv

  5. #5
    Platinum Member MikeD4386's Avatar
    Join Date: Dec 2008
    Location: United States
    Age: 24
    Stats: 5'10", 215 lbs
    Posts: 7,591
    Rep Power: 1715
    MikeD4386 is just really nice. (+1000) MikeD4386 is just really nice. (+1000) MikeD4386 is just really nice. (+1000) MikeD4386 is just really nice. (+1000) MikeD4386 is just really nice. (+1000) MikeD4386 is just really nice. (+1000) MikeD4386 is just really nice. (+1000) MikeD4386 is just really nice. (+1000) MikeD4386 is just really nice. (+1000) MikeD4386 is just really nice. (+1000) MikeD4386 is just really nice. (+1000)
    Visit MikeD4386's BodySpace
    MikeD4386 is offline
    Originally Posted by EllusioN View Post

    Salary: $40,000
    State: VA
    age: 22

    -Single
    -Pay 4k into 401k
    - paid $250 monthly for 12 months, Student loans
    yep, that looks like a complete tax filing to me. now i can estimate your exact refund down to the penny...

  6. #6
    lbc crew laxer32's Avatar
    Join Date: Dec 2008
    Stats: 6'1", 175 lbs
    Posts: 4,499
    Rep Power: 1535
    laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000) laxer32 is just really nice. (+1000)
    Visit laxer32's BodySpace
    laxer32 is offline
    probably not that much though if you filled out your w-4 correctly and had 1 exemption
    snapchat: weavv

  7. #7
    Registered User snp1686's Avatar
    Join Date: Nov 2010
    Location: United States
    Age: 33
    Stats: 5'8", 173 lbs
    Posts: 7,296
    Rep Power: 7202
    snp1686 is a name known to all. (+5000) snp1686 is a name known to all. (+5000) snp1686 is a name known to all. (+5000) snp1686 is a name known to all. (+5000) snp1686 is a name known to all. (+5000) snp1686 is a name known to all. (+5000) snp1686 is a name known to all. (+5000) snp1686 is a name known to all. (+5000) snp1686 is a name known to all. (+5000) snp1686 is a name known to all. (+5000) snp1686 is a name known to all. (+5000)
    Visit snp1686's BodySpace
    snp1686 is offline
    when i was single and making 40k i got back roughly $600

    feelsbadman

  8. #8
    EllusionisT EllusioN's Avatar
    Join Date: Jan 2005
    Location: United States
    Age: 27
    Stats: 10'0", 1000 lbs
    Posts: 5,205
    BodyPoints: 7854
    Rep Power: 2381
    EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000)
    Visit EllusioN's BodySpace
    EllusioN is offline
    Originally Posted by snp1686 View Post
    when i was single and making 40k i got back roughly $600

    feelsbadman
    did you have to pay extra taxes?
    Greatness comes to those who take it.

    If you can't command, then you must follow.

    I would rather fail everyone in the world than to allow them to fail me.



    I REP BACK (save me the trouble by linking your thread in usercp

  9. #9
    Registered User ScubaStevo's Avatar
    Join Date: Nov 2009
    Posts: 30,999
    Rep Power: 29560
    ScubaStevo has much to be proud of. One of the best! (+20000) ScubaStevo has much to be proud of. One of the best! (+20000) ScubaStevo has much to be proud of. One of the best! (+20000) ScubaStevo has much to be proud of. One of the best! (+20000) ScubaStevo has much to be proud of. One of the best! (+20000) ScubaStevo has much to be proud of. One of the best! (+20000) ScubaStevo has much to be proud of. One of the best! (+20000) ScubaStevo has much to be proud of. One of the best! (+20000) ScubaStevo has much to be proud of. One of the best! (+20000) ScubaStevo has much to be proud of. One of the best! (+20000) ScubaStevo has much to be proud of. One of the best! (+20000)
    ScubaStevo is offline
    1. Depends on how much you had withheld from your paychecks.
    2. Your student loan interest is deductible.
    3. Do you have any dependents?
    4. Standard deduction is 5645 or so.
    5. Personal exemption is 3500.

    SO:

    40,000
    (5645)
    (3500)
    (3000) SLI
    =
    27,855
    *.25 tax rate
    =6963

    That is the tax you owe. Subtract your withholding to get your tax owed/refund.

  10. #10
    EllusionisT EllusioN's Avatar
    Join Date: Jan 2005
    Location: United States
    Age: 27
    Stats: 10'0", 1000 lbs
    Posts: 5,205
    BodyPoints: 7854
    Rep Power: 2381
    EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000)
    Visit EllusioN's BodySpace
    EllusioN is offline
    Originally Posted by ScubaStevo View Post
    1. Depends on how much you had withheld from your paychecks.
    2. Your student loan interest is deductible.
    3. Do you have any dependents?
    4. Standard deduction is 5645 or so.
    5. Personal exemption is 3500.

    SO:

    40,000
    (5645)
    (3500)
    (3000) SLI
    =
    27,855
    *.25 tax rate
    =6963

    That is the tax you owe. Subtract your withholding to get your tax owed/refund.
    How is it possible to claim gambling loss? what proof would you need?
    Greatness comes to those who take it.

    If you can't command, then you must follow.

    I would rather fail everyone in the world than to allow them to fail me.



    I REP BACK (save me the trouble by linking your thread in usercp

  11. #11
    Registered User Mangino's Avatar
    Join Date: Mar 2009
    Location: Kansas, United States
    Age: 31
    Stats: 6'3", 198 lbs
    Posts: 571
    Rep Power: 420
    Mangino has a spectacular aura about. (+250) Mangino has a spectacular aura about. (+250) Mangino has a spectacular aura about. (+250) Mangino has a spectacular aura about. (+250) Mangino has a spectacular aura about. (+250) Mangino has a spectacular aura about. (+250) Mangino has a spectacular aura about. (+250) Mangino has a spectacular aura about. (+250) Mangino has a spectacular aura about. (+250) Mangino has a spectacular aura about. (+250) Mangino has a spectacular aura about. (+250)
    Visit Mangino's BodySpace
    Mangino is offline
    about $1000, srs

  12. #12
    - Pumped - BAMF_T's Avatar
    Join Date: Jan 2006
    Location: Raleigh, North Carolina, United States
    Stats: 6'2", 215 lbs
    Posts: 8,751
    BodyPoints: 7446
    Rep Power: 57487
    BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000)
    Visit BAMF_T's BodySpace
    BAMF_T is offline
    where in VA you making that much at?
    *BMBC*
    (OO=[||][||]=OO)

    -It's not how much you lift, it's how much you look like you can lift!-

    RU

  13. #13
    EllusionisT EllusioN's Avatar
    Join Date: Jan 2005
    Location: United States
    Age: 27
    Stats: 10'0", 1000 lbs
    Posts: 5,205
    BodyPoints: 7854
    Rep Power: 2381
    EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000)
    Visit EllusioN's BodySpace
    EllusioN is offline
    Originally Posted by BAMF_T View Post
    where in VA you making that much at?
    NOVA. Entry level. Finance
    Greatness comes to those who take it.

    If you can't command, then you must follow.

    I would rather fail everyone in the world than to allow them to fail me.



    I REP BACK (save me the trouble by linking your thread in usercp

  14. #14
    Muschi furz PushUp08's Avatar
    Join Date: Oct 2008
    Location: Virginia, United States
    Age: 28
    Stats: 5'11", 182 lbs
    Posts: 1,751
    Rep Power: 210
    PushUp08 will become famous soon enough. (+50) PushUp08 will become famous soon enough. (+50) PushUp08 will become famous soon enough. (+50) PushUp08 will become famous soon enough. (+50) PushUp08 will become famous soon enough. (+50) PushUp08 will become famous soon enough. (+50) PushUp08 will become famous soon enough. (+50) PushUp08 will become famous soon enough. (+50) PushUp08 will become famous soon enough. (+50) PushUp08 will become famous soon enough. (+50) PushUp08 will become famous soon enough. (+50)
    Visit PushUp08's BodySpace
    PushUp08 is offline
    Originally Posted by EllusioN View Post
    NOVA. Entry level. Finance
    Word. Moving to NOVA next month--but I'll be making a bit more than that
    Whatever that means

  15. #15
    GFH!! jcilla26's Avatar
    Join Date: Jun 2006
    Location: Chicago, Illinois, United States
    Stats: 5'11", 185 lbs
    Posts: 2,440
    BodyPoints: 10985
    Rep Power: 1032
    jcilla26 is a jewel in the rough. (+500) jcilla26 is a jewel in the rough. (+500) jcilla26 is a jewel in the rough. (+500) jcilla26 is a jewel in the rough. (+500) jcilla26 is a jewel in the rough. (+500) jcilla26 is a jewel in the rough. (+500) jcilla26 is a jewel in the rough. (+500) jcilla26 is a jewel in the rough. (+500) jcilla26 is a jewel in the rough. (+500) jcilla26 is a jewel in the rough. (+500) jcilla26 is a jewel in the rough. (+500)
    Visit jcilla26's BodySpace
    jcilla26 is offline
    Originally Posted by EllusioN View Post
    How is it possible to claim gambling loss? what proof would you need?
    You can only deduct gambling losses up to gambling winnings....

  16. #16
    Registered User BetterBodies's Avatar
    Join Date: Jul 2003
    Location: Texas, United States
    Age: 32
    Stats: 5'10", 205 lbs
    Posts: 619
    BodyPoints: 607
    Rep Power: 368
    BetterBodies will become famous soon enough. (+50) BetterBodies will become famous soon enough. (+50) BetterBodies will become famous soon enough. (+50) BetterBodies will become famous soon enough. (+50) BetterBodies will become famous soon enough. (+50) BetterBodies will become famous soon enough. (+50) BetterBodies will become famous soon enough. (+50) BetterBodies will become famous soon enough. (+50) BetterBodies will become famous soon enough. (+50) BetterBodies will become famous soon enough. (+50) BetterBodies will become famous soon enough. (+50)
    Visit BetterBodies's BodySpace
    BetterBodies is offline
    http://www.hrblock.com/free-tax-tips...ors/index.html

    should take like 2-3 minutes to fill out and will be accurate if you have simple tax liability/deductions
    "The strong do not simply survive...the strong prosper and flourish."

    Kings Age Crew!

  17. #17
    - Pumped - BAMF_T's Avatar
    Join Date: Jan 2006
    Location: Raleigh, North Carolina, United States
    Stats: 6'2", 215 lbs
    Posts: 8,751
    BodyPoints: 7446
    Rep Power: 57487
    BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000) BAMF_T has a brilliant future. Third best rank! (+40000)
    Visit BAMF_T's BodySpace
    BAMF_T is offline
    Originally Posted by EllusioN View Post
    NOVA. Entry level. Finance
    nice dude!!
    *BMBC*
    (OO=[||][||]=OO)

    -It's not how much you lift, it's how much you look like you can lift!-

    RU

  18. #18
    Navy-Marine Corps Team nutsy54's Avatar
    Join Date: Apr 2003
    Location: United States
    Age: 45
    Stats: 5'11", 207 lbs
    Posts: 114,467
    BodyPoints: 30213
    Rep Power: 83834
    nutsy54 has a brilliant future. Third best rank! (+40000) nutsy54 has a brilliant future. Third best rank! (+40000) nutsy54 has a brilliant future. Third best rank! (+40000) nutsy54 has a brilliant future. Third best rank! (+40000) nutsy54 has a brilliant future. Third best rank! (+40000) nutsy54 has a brilliant future. Third best rank! (+40000) nutsy54 has a brilliant future. Third best rank! (+40000) nutsy54 has a brilliant future. Third best rank! (+40000) nutsy54 has a brilliant future. Third best rank! (+40000) nutsy54 has a brilliant future. Third best rank! (+40000) nutsy54 has a brilliant future. Third best rank! (+40000)
    Visit nutsy54's BodySpace
    nutsy54 is offline
    Originally Posted by ScubaStevo View Post
    1. Depends on how much you had withheld from your paychecks.
    ^^^ That

    If you're doing it right, and the Exemptions on your W-4 are set properly, your refund should be near Zero. (Otherwise, you're simply "investing" in a no-interest savings account all year long).
    - "How do those guys on submarines hold their breath for so long?" - Kelly Bundy

  19. #19
    Methodological Naturalism tk217's Avatar
    Join Date: Jan 2010
    Posts: 42,169
    Rep Power: 18322
    tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000)
    Visit tk217's BodySpace
    tk217 is offline
    Originally Posted by EllusioN View Post
    How much taxes will I be paying and how much $ will be my refund?


    Assumption:

    Salary: $40,000
    State: VA
    age: 22

    -Single
    - paid 4k into 401k
    - paid $250 monthly for 12 months, Student loans
    Umm...

    Did you claim 0 or 11?
    ../l、.........................../:\ ̄\
    (゚、 。 7....................../:::::::\ ̄\
    .l、゙ ~ヽ................./::<◎>::: \ ̄\
    .じしf_, )ノ........./::::::::::::::::::\ ̄|
    ϾNeutral CrewϿ  ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄
         
        
      

  20. #20
    EllusionisT EllusioN's Avatar
    Join Date: Jan 2005
    Location: United States
    Age: 27
    Stats: 10'0", 1000 lbs
    Posts: 5,205
    BodyPoints: 7854
    Rep Power: 2381
    EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000) EllusioN is just really nice. (+1000)
    Visit EllusioN's BodySpace
    EllusioN is offline
    Originally Posted by tk217 View Post
    Umm...

    Did you claim 0 or 11?
    dependents? I have no kids
    Greatness comes to those who take it.

    If you can't command, then you must follow.

    I would rather fail everyone in the world than to allow them to fail me.



    I REP BACK (save me the trouble by linking your thread in usercp

  21. #21
    Methodological Naturalism tk217's Avatar
    Join Date: Jan 2010
    Posts: 42,169
    Rep Power: 18322
    tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000) tk217 is a splendid one to behold. (+10000)
    Visit tk217's BodySpace
    tk217 is offline
    Originally Posted by EllusioN View Post
    dependents? I have no kids
    Then most likely you picked "2" and you shouldn't expect _anything_ in return cause they'll be taking out about 7000 a year in taxes.

    The only way you are going to get more is if you have a crap ton of credits like house interest or student loan interest and I mean _a lot_ as you'll need to go above your standard D and your personal E.
    ../l、.........................../:\ ̄\
    (゚、 。 7....................../:::::::\ ̄\
    .l、゙ ~ヽ................./::<◎>::: \ ̄\
    .じしf_, )ノ........./::::::::::::::::::\ ̄|
    ϾNeutral CrewϿ  ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄
         
        
      

  22. #22
    500 Internal Server Error jujuB's Avatar
    Join Date: Apr 2008
    Location: Georgia, United States
    Stats: 6'0", 185 lbs
    Posts: 16,793
    Rep Power: 30200
    jujuB has much to be proud of. One of the best! (+20000) jujuB has much to be proud of. One of the best! (+20000) jujuB has much to be proud of. One of the best! (+20000) jujuB has much to be proud of. One of the best! (+20000) jujuB has much to be proud of. One of the best! (+20000) jujuB has much to be proud of. One of the best! (+20000) jujuB has much to be proud of. One of the best! (+20000) jujuB has much to be proud of. One of the best! (+20000) jujuB has much to be proud of. One of the best! (+20000) jujuB has much to be proud of. One of the best! (+20000) jujuB has much to be proud of. One of the best! (+20000)
    Visit jujuB's BodySpace
    jujuB is offline
    how does it feel like to be a peasant where you live?

    oh wait

    i'm one too

    SnapChat: iron_donkey

    RIP mainsqueeze530 1991-2013

    need a vehicle history report? PM ME

  23. #23
    Invictus cmc0108's Avatar
    Join Date: Sep 2004
    Location: Norristown, Pennsylvania, United States
    Age: 31
    Stats: 6'0", 187 lbs
    Posts: 11,752
    BodyPoints: 10
    Rep Power: 11407
    cmc0108 is a splendid one to behold. (+10000) cmc0108 is a splendid one to behold. (+10000) cmc0108 is a splendid one to behold. (+10000) cmc0108 is a splendid one to behold. (+10000) cmc0108 is a splendid one to behold. (+10000) cmc0108 is a splendid one to behold. (+10000) cmc0108 is a splendid one to behold. (+10000) cmc0108 is a splendid one to behold. (+10000) cmc0108 is a splendid one to behold. (+10000) cmc0108 is a splendid one to behold. (+10000) cmc0108 is a splendid one to behold. (+10000)
    Visit cmc0108's BodySpace
    cmc0108 is offline
    Originally Posted by snp1686 View Post
    when i was single and making 40k i got back roughly $600

    feelsbadman

    this is ideal.


    if bob makes $40k and gets $10k taken out in taxes, He will get $6k back as tax return.
    if john makes $40k and gets $6k taken out in taxes, he will get $0 back as tax return.


    at the end of the day, both guys took home $34k in salary. Bob gave the govt a free loan though.

    John takes that extra money home each week/month and is able to invest it/put in savings.

    John ends up with more money that bob because john didnt lend his money to the government.
    Negs to anyone that:
    makes a terrible troll thread
    makes any conspiracy theory thread
    makes a religious/political thread without knowledge of what they're talking about

  24. #24
    ♠ Classy Brah ♠ OTG's Avatar
    Join Date: Oct 2005
    Location: United States
    Age: 26
    Stats: 6'2", 215 lbs
    Posts: 13,913
    BodyPoints: 33183
    Rep Power: 9346
    OTG is a name known to all. (+5000) OTG is a name known to all. (+5000) OTG is a name known to all. (+5000) OTG is a name known to all. (+5000) OTG is a name known to all. (+5000) OTG is a name known to all. (+5000) OTG is a name known to all. (+5000) OTG is a name known to all. (+5000) OTG is a name known to all. (+5000) OTG is a name known to all. (+5000) OTG is a name known to all. (+5000)
    Visit OTG's BodySpace
    OTG is offline
    Originally Posted by cmc0108 View Post
    this is ideal.


    if bob makes $40k and gets $10k taken out in taxes, He will get $6k back as tax return.
    if john makes $40k and gets $6k taken out in taxes, he will get $0 back as tax return.


    at the end of the day, both guys took home $34k in salary. Bob gave the govt a free loan though.

    John takes that extra money home each week/month and is able to invest it/put in savings.

    John ends up with more money that bob because john didnt lend his money to the government.
    That's the ideal scenario, except John blew away his money and so will bob when he gets it back.
    (\ /)
    ( . .)
    c('')('') ☆♠$☆

Closed Thread

Similar Threads

  1. Just fought off a cold, how much longer till I can get back?
    By KevinMK0831 in forum Teen Bodybuilding
    Replies: 3
    Last Post: 09-11-2010, 08:15 AM
  2. How much of a tax return will i get?
    By sm34459 in forum Misc.
    Replies: 1
    Last Post: 02-13-2009, 09:25 PM
  3. Replies: 41
    Last Post: 02-06-2009, 07:25 AM
  4. How much tax return/rebate did you get?
    By UCLAMike in forum Misc.
    Replies: 32
    Last Post: 03-27-2008, 07:44 PM
  5. Replies: 10
    Last Post: 12-12-2006, 01:03 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts