its tax refund time so what r u going to get ?

greatgman · 02/13/2006, 08:09 PM

now that its tax time and probably your gonna get some of that money you gave (unwillingly) to uncle sam back.
what do u plan to buy with your refund (if u get any back)

i'm getting $600 and gonna get a dart and upgrade my odno to vho

mako199 · 02/13/2006, 08:29 PM

Going to buy a Precision Marine Bullet 3 and panworld 200ps pump....

unsane · 02/13/2006, 08:52 PM

Im gonna go ahead and pay the IRS another $2000 that they say I still owe? So I guess Some fed will be getting the new MH T/5 set up I had in mind. Commies!!!!!

bheron · 02/13/2006, 09:05 PM

nothing! getting a nice chunk baclk and going on vacation!

with that said, my hobby is funded out of my personal allowance, so Im always short on funds ! :-)

UnderwaterExotic · 02/13/2006, 09:17 PM

Got my 3, 210 All Glass Aquariums! Thats way enough!

OldmillXxX · 02/13/2006, 09:20 PM

New skimmer, new lights and possibly a new tank!

But Honey...Christmas just got over!

CaptiveReef · 02/13/2006, 09:22 PM

I'm purchasing a 120 gallon short, and installing it in the wall. And I will be buying more corals.
Thankyou Uncle Sam.

CaptiveReef

gibbswagon · 02/13/2006, 09:35 PM

already got a sweet brain check it out

http://www.msnusers.com/JasonsTank/shoebox.msnw

xtrstangx · 02/13/2006, 10:00 PM

Probably going to spend it all on bulkheads for the 120g.

My tax refund won't be that big.. I'm 15 and work part time at a grocery store, but atleast I get all of the tax money back (make less than that set amount for federal taxes).

turbonegro · 02/13/2006, 10:52 PM

tunze 6100's and 7095 controller.

So Cal shaggy · 02/13/2006, 11:09 PM

Well this years return will most likely go toward Dr. bills (I had a bit of an accident involving the tablesaw and my hand on Superbowl Sunday) and since I spent last years return on a new larger tank and new equipment that will be good for upgrades for a few years this years the return will go into home improvements other than my tank. But this weekend is a coral swap in my area so maybe the little woman will have some pity on me in my injured condition and let me get some new frags

MBuck · 02/14/2006, 09:32 AM

I want a 120g or 180g rr with stand!!!!!

And a volitans lionfish

And a Panda Puffer

And a Magnificent foxface

And an Eel......... Zebra or Banded Snake, or Spotted snake, or Jeweled Moray

And maybe a Purpale tang......

Don't know anybody in Ohio with an empty tank, do ya??

JRoweNole · 02/14/2006, 10:14 AM

Just remember - it is not a tax "refund"!

You are getting the money back that you earned that you allowed the government to use over the last year!

Sorry, didn't mean to get political!

integlikewhoa · 02/14/2006, 11:28 AM

I havent even got mine yet and its spend on non tank stuff.

m1a1fan · 02/14/2006, 11:44 AM

Waiting on mine. Going to pay off the car. Sick of car loans...

charlesgage · 02/14/2006, 11:56 AM

Buying a canopy, a t5 setup and an RO/DI (finally). Maybe a PH and temp monitor. Definitely a black perc pair. i budgeted about 350 for that, and my return is 4900 bucks so i think i am being good.

Travis L. Stevens · 02/14/2006, 11:57 AM

I'm getting what I would consider a huge chunk back. See, this shows you can have realistic goals with your aquarium in mind.

-Pay off car so I can drive to the LFS and OMAS/COMAS meetings.
-Get glasses for the family so we can see the tank better.
-Go to the doctor to make sure everyone can live long enough to really enjoy the tank
-Pay some rent in advance so we can have a place to put our tank
-Save anything left over for college or broken tanks.

conda · 02/14/2006, 12:00 PM

Quote:

Originally posted by JRoweNole
Just remember - it is not a tax "refund"!

You are getting the money back that you earned that you allowed the government to use over the last year!

Isn't that the truth. My goal is to owe nothing and get nothing back, that way, I control the money.

jeffbrig · 02/14/2006, 12:13 PM

I plan on writing a big fat check to Uncle Sam on tax day. I haven't finished entering deductions, but it could be as much as $3k. All that means is that I kept more of my money during the year, instead of paying it early. I'm within my safe harbours, so no penalties either.

charlesgage · 02/14/2006, 12:17 PM

Quote:

Originally posted by conda
Isn't that the truth. My goal is to owe nothing and get nothing back, that way, I control the money.

This year my wife and i had our first child, and i am still in school so i don't cap out over the EIC limit. Therefore uncle sam gives me about 3,000 back regardless of what i made, i found it difficult to make the withholding match up to a zero return, so i will just be a fool and enjoy a fat check instead of some extra interest this year. Next year when i resume full time it will be near zero.

BryanJ · 02/14/2006, 12:24 PM

I am only getting 25 bucks. I owe on federal and I'm getting a refund from the state. When it is all said and done I get $25.

conda · 02/14/2006, 01:13 PM

Quote:

Originally posted by charlesgage
This year my wife and i had our first child, and i am still in school so i don't cap out over the EIC limit. Therefore uncle sam gives me about 3,000 back regardless of what i made, i found it difficult to make the withholding match up to a zero return, so i will just be a fool and enjoy a fat check instead of some extra interest this year. Next year when i resume full time it will be near zero.

I am at the other end. My wife and I both have good jobs, so all the tax credits get phased out for us. They call that the Marriage Penalty Tax. So all my day care and child credits for both my kids are zero on my return.

charlesgage · 02/14/2006, 01:18 PM

Ouch, I will be in or near that boat next year. Not looking forward to it. On the other hand, I have to worry about every dollar I spend every day. Whereas you may not have to do that, so your position has it's benefits, just not at tax time.

conda · 02/14/2006, 01:25 PM

Quote:

Originally posted by charlesgage
Ouch, I will be in or near that boat next year. Not looking forward to it. On the other hand, I have to worry about every dollar I spend every day. Whereas you may not have to do that, so your position has it's benefits, just not at tax time.

Right. But, I will say the tax cuts that went through several years back has really helped us. The opponents of those tax cuts always claim it only benefits the rich. Well, we are not rich, with two kids a house and all the bills associated with it, we rarely had extra money to just spend. Now we do.

Although we still pay more taxes being married than if we were single, alot more money is in our paychecks now than under the old tax system.

jeffbrig · 02/14/2006, 01:42 PM

I feel your pain as well, conda. We're not rich by any measure, but we do pretty well (I'm a software engineer, she's an attorney). Last year we paid uncle sam the equivalent of a nice shiny new SUV. Student loan deduction - nope, phased out. Roth IRA - nope, above the income limit, deductible traditional IRA - nope, too much income. We're even tiptoeing the threshold for phasing out itemized deductions.

I'm just hoping they fix AMT before we run seriously afoul of it.

02/13/2006, 08:09 PM	#1
greatgman Registered Member Join Date: Nov 2005 Posts: 181	its tax refund time so what r u going to get ? now that its tax time and probably your gonna get some of that money you gave (unwillingly) to uncle sam back. what do u plan to buy with your refund (if u get any back) i'm getting $600 and gonna get a dart and upgrade my odno to vho

02/13/2006, 08:29 PM	#2
mako199 Tankless! Join Date: Jun 2005 Location: Cary, IL Posts: 806	Going to buy a Precision Marine Bullet 3 and panworld 200ps pump.... __________________ Mike _____________ Click the Homepage link for my (just another) 120g in wall thread. Current Tank Info: 40g Lizard tank

02/13/2006, 09:05 PM	#4
bheron Registered Member Join Date: Oct 2003 Location: Valley Forge, PA Posts: 2,655	nothing! getting a nice chunk baclk and going on vacation! with that said, my hobby is funded out of my personal allowance, so Im always short on funds ! :-) __________________ Bryan Current Tank Info: 220 since Nov 2005

02/13/2006, 09:20 PM	#6
OldmillXxX Premium Member Join Date: Aug 2004 Location: West-Central, Wisconsin (right on the Mississippi) Posts: 438	New skimmer, new lights and possibly a new tank! But Honey...Christmas just got over! __________________ A reef isn't just for oceans anymore... Current Tank Info: Gearing up for my 180 build!

02/13/2006, 09:22 PM	#7
CaptiveReef LED FULL SPECTRUM REEFER Join Date: Apr 2002 Location: Long Island Posts: 1,148	Things to buy............................... I'm purchasing a 120 gallon short, and installing it in the wall. And I will be buying more corals. Thankyou Uncle Sam. CaptiveReef __________________ Okay I'm a Reef Fanatic !!!!! Current Tank Info: 120 Reef, DIY 5ft. protein skimmer, LED lighting.

02/13/2006, 08:52 PM	#3
unsane Registered Member Join Date: Jul 2004 Location: Indiana Posts: 217	Im gonna go ahead and pay the IRS another $2000 that they say I still owe? So I guess Some fed will be getting the new MH T/5 set up I had in mind. Commies!!!!!

02/13/2006, 09:17 PM	#5
UnderwaterExotic Moved On Join Date: Oct 2003 Location: Mayville, NY Posts: 1,343	Got my 3, 210 All Glass Aquariums! Thats way enough!

02/13/2006, 09:35 PM	#8
gibbswagon Registered Member Join Date: Dec 2005 Location: ohio Posts: 177	already got a sweet brain check it out http://www.msnusers.com/JasonsTank/shoebox.msnw __________________ Hail to the Redskins Current Tank Info: 55 gal, flame angel,yellowtail damsel, cinnamon clown, neon dottyback,spotted mandarin

02/13/2006, 10:00 PM	#9
xtrstangx Premium Member Join Date: Mar 2005 Location: Shawnee, Kansas Posts: 4,568	Probably going to spend it all on bulkheads for the 120g. My tax refund won't be that big.. I'm 15 and work part time at a grocery store, but atleast I get all of the tax money back (make less than that set amount for federal taxes).

02/13/2006, 10:52 PM	#10
turbonegro Registered Member Join Date: Mar 2004 Location: york, PA Posts: 391	tunze 6100's and 7095 controller.

02/13/2006, 11:09 PM	#11
So Cal shaggy Registered Member Join Date: Apr 2005 Location: Anaheim, Ca Posts: 395	Well this years return will most likely go toward Dr. bills (I had a bit of an accident involving the tablesaw and my hand on Superbowl Sunday) and since I spent last years return on a new larger tank and new equipment that will be good for upgrades for a few years this years the return will go into home improvements other than my tank. But this weekend is a coral swap in my area so maybe the little woman will have some pity on me in my injured condition and let me get some new frags __________________ Thanks, Jeff "You go inside the cage, cage goes in the water, you go in the water, shark's in the water ... our shark. Farewell and adieu to you fair Spanish ladies . . ." Current Tank Info: 135 gal reef tank, 50 gal DIY sump

02/14/2006, 09:32 AM	#12
MBuck Registered Member Join Date: Mar 2005 Location: Shelby, Ohio Posts: 452	I want a 120g or 180g rr with stand!!!!! And a volitans lionfish And a Panda Puffer And a Magnificent foxface And an Eel......... Zebra or Banded Snake, or Spotted snake, or Jeweled Moray And maybe a Purpale tang...... Don't know anybody in Ohio with an empty tank, do ya?? __________________ Marie Do not dwell on the past, improve the future!! ~ M. Current Tank Info: 180g Reef, mated pair B/W percs, 3- pajama cardinals, long-spined urchin, yellow tang, six-line wrasse, hermits, snails, 2 Chromis, LP Angel, Foxface, 2- Royal Grammas, LMB, Sailfin Tang, pink damsel.

02/14/2006, 10:14 AM	#13
JRoweNole Registered Member Join Date: Aug 2001 Location: Kennesaw, Georgia Posts: 324	Just remember - it is not a tax "refund"! You are getting the money back that you earned that you allowed the government to use over the last year! Sorry, didn't mean to get political!

02/14/2006, 11:28 AM	#14
integlikewhoa Registered Member Join Date: Jan 2005 Location: Arcadia, CA Posts: 1,381	I havent even got mine yet and its spend on non tank stuff. __________________ I think of one later. Current Tank Info: 28G JBJ Nano for sale

02/14/2006, 11:44 AM	#15
m1a1fan Premium Member Join Date: Jan 2004 Posts: 253	Waiting on mine. Going to pay off the car. Sick of car loans...

02/14/2006, 11:56 AM	#16
charlesgage Registered Member Join Date: Mar 2004 Location: Grand Rapids, MI Posts: 282	Buying a canopy, a t5 setup and an RO/DI (finally). Maybe a PH and temp monitor. Definitely a black perc pair. i budgeted about 350 for that, and my return is 4900 bucks so i think i am being good.

02/14/2006, 11:57 AM	#17
Travis L. Stevens Registered Member Join Date: Nov 2004 Location: Perry, OK Posts: 13,946	I'm getting what I would consider a huge chunk back. See, this shows you can have realistic goals with your aquarium in mind. -Pay off car so I can drive to the LFS and OMAS/COMAS meetings. -Get glasses for the family so we can see the tank better. -Go to the doctor to make sure everyone can live long enough to really enjoy the tank -Pay some rent in advance so we can have a place to put our tank -Save anything left over for college or broken tanks. __________________ Travis Stevens Current Tank Info: Restarting 28g Bowfront

02/14/2006, 12:13 PM	#19
jeffbrig Premium Member Join Date: Mar 2004 Location: Ft. Lauderdale, FL Posts: 5,548	I plan on writing a big fat check to Uncle Sam on tax day. I haven't finished entering deductions, but it could be as much as $3k. All that means is that I kept more of my money during the year, instead of paying it early. I'm within my safe harbours, so no penalties either. __________________ Beware the power of stupid people in large groups..... Current Tank Info: formerly 250g room divider

02/14/2006, 12:24 PM	#21
BryanJ Registered Member Join Date: Jun 2003 Location: Green Bay, WI. Posts: 2,938	I am only getting 25 bucks. I owe on federal and I'm getting a refund from the state. When it is all said and done I get $25. __________________ Experience is the best source of information! Current Tank Info: 120 gallon mixed reef, 75 gallon sump, Sequence Wahoo, Tunze stream, Euroreef CS 8-1 and 2x250 MH

02/14/2006, 01:18 PM	#23
charlesgage Registered Member Join Date: Mar 2004 Location: Grand Rapids, MI Posts: 282	Ouch, I will be in or near that boat next year. Not looking forward to it. On the other hand, I have to worry about every dollar I spend every day. Whereas you may not have to do that, so your position has it's benefits, just not at tax time.

02/14/2006, 01:42 PM	#25
jeffbrig Premium Member Join Date: Mar 2004 Location: Ft. Lauderdale, FL Posts: 5,548	I feel your pain as well, conda. We're not rich by any measure, but we do pretty well (I'm a software engineer, she's an attorney). Last year we paid uncle sam the equivalent of a nice shiny new SUV. Student loan deduction - nope, phased out. Roth IRA - nope, above the income limit, deductible traditional IRA - nope, too much income. We're even tiptoeing the threshold for phasing out itemized deductions. I'm just hoping they fix AMT before we run seriously afoul of it. __________________ Beware the power of stupid people in large groups..... Current Tank Info: formerly 250g room divider