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Thread: TCS Daily - Wednesday - February 21st, 2018

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    TCS Daily - Wednesday - February 21st, 2018

    Good morning.

    My wife and I agreed to a certain amount of spending money that we both get when our tax return came in...I spent mine yesterday on an item, can't wait for it to come in!!!

    Going back to yesterday's thread....it would be weird NOT to have a basement.

    Collecting Aaron Donald, James Conner, LeSean McCoy, Curtis Martin, Dan Marino, Tony Dorsett, & other former Pitt players


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    Morning guys! Yeah, most of the houses in my area either have a crawl space, or are built on a slab. Mine is the latter.
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    Quote Originally Posted by mstng99tim View Post
    Good morning.

    My wife and I agreed to a certain amount of spending money that we both get when our tax return came in...I spent mine yesterday on an item, can't wait for it to come in!!!

    Going back to yesterday's thread....it would be weird NOT to have a basement.

    The wife and I are lucky to break even on taxes every year. We never wait for the Federales to give us our money back. We have adjusted our deductions as such, so that we see it in our paychecks every year. Because of the farm and the houses on it we have to file a K1 with our taxes every year. I think last year 2017 (2016) we had to pony up almost 2k because we made to much, which was unexpected for us. And this year I think were are breaking even again.

    And as for the new tax laws We'll see a savings of 0.06% in taxes for the coming years. Looks like I can retire soon, because I'll be putting away alot of money lol

    On the basement from it has been dry now for over 24 hrs and the sump pump has been working over-time

    This town south east of me is just some of the areas that are dealing with major flooding.
    http://wgntv.com/2014/07/12/major-flooding-in-burbank/

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    I'd rather get the large check every year, as opposed to not get as as much taken out per pay, because more than likely that little bit extra would get spent on stupid shit. This way, with the large check, we can pay for a vacation in the summer and have extra money for bills and what not.

    Collecting Aaron Donald, James Conner, LeSean McCoy, Curtis Martin, Dan Marino, Tony Dorsett, & other former Pitt players


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    Quote Originally Posted by mstng99tim View Post
    I'd rather get the large check every year, as opposed to not get as as much taken out per pay, because more than likely that little bit extra would get spent on stupid shit. This way, with the large check, we can pay for a vacation in the summer and have extra money for bills and what not.
    I completely agree. I would rather get huge government payout every year for the stuff we put in. We actually have extra taxes taken out just to make sure we get a larger refund. We used part of last years return to go to the Oregon coast, which I have never been, but my wife used to go all the time. We rented a car and rented a house right on the beach for right around $2k. It was great!
    Steven Jackson Collection:

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    When you get a big return..... It's Uncle Sam returning your overpayment..... money you basically loaned interest free

    Morning guys!

    I've been doing a lot of day trading so I'm interested to see how that affects my taxes

    We have a lot of flooding here in Indiana too.

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    Quote Originally Posted by Andy View Post
    When you get a big return..... It's Uncle Sam returning your overpayment..... money you basically loaned interest free

    Morning guys!

    I've been doing a lot of day trading so I'm interested to see how that affects my taxes

    We have a lot of flooding here in Indiana too.

    Sent from my SM-G950U using Tapatalk
    I completely agree. Taxation is theft.
    Steven Jackson Collection:

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    Quote Originally Posted by mstng99tim View Post
    I'd rather get the large check every year, as opposed to not get as as much taken out per pay, because more than likely that little bit extra would get spent on stupid shit. This way, with the large check, we can pay for a vacation in the summer and have extra money for bills and what not.
    Quote Originally Posted by Onyxdragon5977 View Post
    I completely agree. I would rather get huge government payout every year for the stuff we put in. We actually have extra taxes taken out just to make sure we get a larger refund. We used part of last years return to go to the Oregon coast, which I have never been, but my wife used to go all the time. We rented a car and rented a house right on the beach for right around $2k. It was great!
    Quote Originally Posted by Andy View Post
    When you get a big return..... It's Uncle Sam returning your overpayment..... money you basically loaned interest free

    Morning guys!

    I've been doing a lot of day trading so I'm interested to see how that affects my taxes

    We have a lot of flooding here in Indiana too.

    Sent from my SM-G950U using Tapatalk
    All the more reason why we do what we do.........So bi-monthly we put away money into our retire funds (401K) and then we put away money in or other investment amounts and saving account. We have now at least 6 months of our monthly expenses saved. (24K) It took us like almost 10 years to get to where we were, with 2 kids in college. We have paid off almost all are debt only the mortgage and Some student loans we have taken out for our kids to go to college is are most expenses from month to month and we are really attacking those. But if all goes planned we should be only 1/3 of our mortgage left by 2020 or maybe 2022.

    I get why people do wait to get money back, but for us it works for us.

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    That's awesome Rich! I'm similar.... have everything paid off but the mortgage. Feels really good.

    I don't have a problem paying taxes and it isn't theft but a few grand is going do decent in the market or somewhere other than government coffers. Although i get the "out of sight, out of mind" mentality so more power to you if it works for you.

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    Quote Originally Posted by mstng99tim View Post
    I'd rather get the large check every year, as opposed to not get as as much taken out per pay, because more than likely that little bit extra would get spent on stupid shit. This way, with the large check, we can pay for a vacation in the summer and have extra money for bills and what not.
    Same here, especially by the time when you slap the rugrats on there. 4 kids = big dolla, make u holla

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