[Templar]

Originally Posted by Litos

for those of you getting returns - you're welcome....

robbing peter to pay paul......

Do you know how tax returns work?

[Joekerr]

Originally Posted by Litos

for those of you getting returns - you're welcome....

robbing peter to pay paul......

Originally Posted by Templar

Do you know how tax returns work?

Yeah...I too am not sure what is meant by the robbing Peter to pay Paul comment?

However, I never love getting returns...means I paid too much to begin with.

[Mr Tonka]

Maybe Litos is taking about the people who didn't work but filed a return and are getting $19k back. And before you say it isn't so, it is. My wife is a CPA and knows plenty of stories such as this. And my father in law who is a branch manager for H&R block has also attested to this. A good friend of mine is CEO of JD Byrider and he said they sell 100s of Navigator / Escalades out the door with upgraded wheels for the value of the customer's tax return. And it's not because they paid too much, if you know what i mean.

[2ForMe]

Originally Posted by Vic311

One word OP.

Deductions.

Maxed those out already. Still owe a shitload. Oh well.

[upstatedoc]

Originally Posted by Mr Tonka

Maybe Litos is taking about the people who didn't work but filed a return and are getting $19k back.

motherfvckers.

[dank852]

Originally Posted by Litos

for those of you getting returns - you're welcome....

robbing peter to pay paul......

Thanks pete!

[Whostheboss]

Originally Posted by Mr Tonka

Maybe Litos is taking about the people who didn't work but filed a return and are getting $19k back. And before you say it isn't so, it is. My wife is a CPA and knows plenty of stories such as this. And my father in law who is a branch manager for H&R block has also attested to this. A good friend of mine is CEO of JD Byrider and he said they sell 100s of Navigator / Escalades out the door with upgraded wheels for the value of the customer's tax return. And it's not because they paid too much, if you know what i mean.

damn! Why am i even working?

[Billup]

Originally Posted by Whostheboss

damn! Why am i even working?

You'd be crazy to work in America in this day and age. All this money I get from selling my food stamps on craigslist is a huge perk also!

[Templar]

Well if that's the case, I will tell my boss I quit today!

*walks off into the sunset*

[Litos]

bums working at Wal-Mart making $12/hr with 2 kids get $10K back...

who do you think gives it to them !?!!?

other bums working at Wal-Mart !?!?

nope.......

people who make good money get taxed enough to where they can give to those people who do not make good money.....

so to the 26 year old dude making $23K a year that has 3 kids with a woman who sits at home watching SpongeBob and Judge Judy all day, you're welcome for that new TV, new couch and new ipad you just bought...

if you need me for anything else, i'll be busy working a legit job while you ensure all the boxes get unloaded off the trailer.....

enjoy your return.....

[Sara]

Originally Posted by Litos

bums working at Wal-Mart making $12/hr with 2 kids get $10K back...

who do you think gives it to them !?!!?

other bums working at Wal-Mart !?!?

nope.......

people who make good money get taxed enough to where they can give to those people who do not make good money.....

so to the 26 year old dude making $23K a year that has 3 kids with a woman who sits at home watching SpongeBob and Judge Judy all day, you're welcome for that new TV, new couch and new ipad you just bought...

if you need me for anything else, i'll be busy working a legit job while you ensure all the boxes get unloaded off the trailer.....

enjoy your return.....

I love Judge Judy

[upstatedoc]

Originally Posted by Sara504

I love Judge Judy

She's a real bee eye tee see aich

[Undertow]

In Massachusetts, welfare benefits are approximately $43k per year. However, welfare is not taxed so an equivalent worker who pays taxes would need to earn $51k annually just to break even with a welfare recipient.

Meanwhile, I basically work from January through May before I get to keep a single dollar of what I earn.

[turo]

Originally Posted by Undertow

In Massachusetts, welfare benefits are approximately $43k per year. However, welfare is not taxed so an equivalent worker who pays taxes would need to earn $51k annually just to break even with a welfare recipient.

Meanwhile, I basically work from January through May before I get to keep a single dollar of what I earn.

Out of curiosity, do you have any links that back up this claim? That seems really extravagant. I just googled welfare benefits in MA and the website doesn't have figures anywhere close to that. I'm not bashing you or anything, I'm genuinely curious.

[135iRick]

$43K is max payout in all forms of welfare and assistance and the cost to administer those programs for an individual taking full advantage of all state and federal programs available. So W amount is welfare money, X amount is health insurance/Medicare/Medicaid, Y is WIC/food stamps, Z for education/job training, etc. Not necessarily the true cost of gov. assistance per individual since most people on assistance do not qualify for every program out available nor completely try to take advantage of the system.

[kscarrol]

Can't vouch for the data but here is an interesting article from Forbes...

Scroll down to the map for some figures.

http://www.forbes.com/sites/theapoth...-in-35-states/

Edit: I see the source appears to be the Cato Inst., so a conservative bias...

[dreamingat30fps]

Originally Posted by kscarrol

Can't vouch for the data but here is an interesting article from Forbes...

Scroll down to the map for some figures.

http://www.forbes.com/sites/theapoth...-in-35-states/

Edit: I see the source appears to be the Cato Inst., so a conservative bias...

Aloha bitches!

[Templar]

Originally Posted by Litos

bums working at Wal-Mart making $12/hr with 2 kids get $10K back...

who do you think gives it to them !?!!?

other bums working at Wal-Mart !?!?

nope.......

people who make good money get taxed enough to where they can give to those people who do not make good money.....

so to the 26 year old dude making $23K a year that has 3 kids with a woman who sits at home watching SpongeBob and Judge Judy all day, you're welcome for that new TV, new couch and new ipad you just bought...

if you need me for anything else, i'll be busy working a legit job while you ensure all the boxes get unloaded off the trailer.....

enjoy your return.....

Not really.

Based on this, I'm still not sure you understand how taxes work...

[theblackmamba]

uncle sam pays people to stay home.

don't believe me....

[Litos]

Originally Posted by theblackmamba

uncle sam pays people to stay home.

don't believe me....

this.......

my family consists of 4 people, but I work to support much MUCH more....

[coh4777]

Originally Posted by italia

If you're not paying a penalty for under withholding, then paying as much of your tax bill on April 14 simply means that you've had possession of your after tax earnings; instead of the government holding onto it during the year and giving it back to you after you file. Given that investment markets were quite bullish in 2013, I certainly would rather have had my money to invest than letting the government hold on to it. People who want a big return either don't understand this, or can't trust themselves to not foolishly spend it during the year.

This. The general public clearly doesn't understand the implications of getting a refund check for taxes.

[Templar]

Originally Posted by coh4777

This. The general public clearly doesn't understand the implications of getting a refund check for taxes.

As evidenced in this thread...