What did everyone spend their tax returns on?

Juggs · 02-27-2007, 10:01 AM

or if you havent gotten them back yet - what are you planning on doing with them eventually?

for me - i used a portion to pay off a little CC debt, and the rest went into an ING account to make a quick buck. i've determined that i am going to let this year's returns and next years returns fuel the downpayment i put on a new M3 ( second year model).

nmulax · 02-27-2007, 10:05 AM

using $500 to cover my deductible for a new windshield, the rest is set on the side to cover moving expenses -- hoping to relocate in the next few months.

ganeil · 02-27-2007, 10:14 AM

You get money back?

Juggs · 02-27-2007, 10:20 AM

Quote:

Originally Posted by ganeil

You get money back?

yeah yeah i know.... its an interest free loan to the govt, but its not soo much that i am pissed. just a couple of thousand, no biggie and plus its one of those unanticipated cash things that sorta drop in your lap like a present from santa

txusa03 · 02-27-2007, 11:05 AM

if i ever get my money from the irs (Internal Ripoff Service), i'll be trading in a 19" tv for a 42 plasma

give me my money...

yeah yeah i know it is better if I owe them nothing and they owe me nothing. Still working on that. I just checked my records, for the past 4 years, I am getting less and less money from them.

DFW_M · 02-27-2007, 11:32 AM

paid off the CC stuff...
Got the refund in about a week with the eFile.
Although, this year I got the least amount back compared with last 4 years...I guess this great tax break does not apply to everyone...or I am missing some zeros in my income amount...

ganeil · 02-27-2007, 11:42 AM

Quote:

Originally Posted by dr325i

paid off the CC stuff...
Got the refund in about a week with the eFile.
Although, this year I got the least amount back compared with last 4 years...I guess this great tax break does not apply to everyone...or I am missing some zeros in my income amount...

You measure the effect of a tax cut on the amount of your refund?

What percentage of your gross income did you pay last year compared to before the tax cut?

cm3rc · 02-27-2007, 12:03 PM

savings

Corey · 02-27-2007, 12:36 PM

An ems, unfortunately my $7 didn't go far.

Brunotheboxer · 02-27-2007, 01:16 PM

my wifes making me reinvest it.

jbake · 02-27-2007, 01:20 PM

mine went to my new 335i!!!!!! thanks uncle sam!

ganeil · 02-27-2007, 01:23 PM

Quote:

Originally Posted by jbake

mine went to my new 335i!!!!!! thanks uncle sam!

You realize that you are thanking the government for giving back your money, right?

Juggs · 02-27-2007, 01:30 PM

Quote:

Originally Posted by Brunotheboxer

my wifes making me reinvest it.

see that's one thing i dont do - and that's let my S.O. dictate how i spend my money. Grow some balls and wear the pants man....

Brunotheboxer · 02-27-2007, 02:15 PM

Quote:

Originally Posted by Juggs

see that's one thing i dont do - and that's let my S.O. dictate how i spend my money. Grow some balls and wear the pants man....

this is what happens when your wife works in financial world. i havn't worn pants since 2000 but i'm not complaining.

spacedogg · 02-27-2007, 03:59 PM

i'm thinking rims and summer tires.

haven't decided exactly which kind. probably 19" staggered setup.

timn · 02-27-2007, 04:02 PM

Hardwood floors for my 2 bedroom condo (living room and kitchen only).

DFW_M · 02-27-2007, 04:56 PM

Quote:

Originally Posted by ganeil

You measure the effect of a tax cut on the amount of your refund?

What percentage of your gross income did you pay last year compared to before the tax cut?

Here we go again....
You really think I can't add 3 numbers???
my income went up by 4%, my tax return is 1/3 of what it was last year.
Nothing has changed on my W4...

BMW F22 · 02-27-2007, 05:03 PM

saving it for Vacation. Either that or pay off book bills. haha

jbake · 02-27-2007, 05:18 PM

Quote:

Originally Posted by ganeil

You realize that you are thanking the government for giving back your money, right?

Yeah I do realize that, I'm a CPA....I was being sarcastic

ctgazer · 02-27-2007, 06:10 PM

Quote:

Originally Posted by Brunotheboxer

this is what happens when your wife works in financial world. i havn't worn pants since 2000 but i'm not complaining.

are you freeballin?

SteveMD · 02-27-2007, 07:09 PM

Another Roth IRA.

LEDZEP · 02-27-2007, 07:24 PM

328xi / ZPP / ZSP / Nav / Heated Seats / PDC / Sirius / Xenons / Sunshades / 6FL

02-27-2007, 10:01 AM	#1
Juggs Bavarian Motor Werks Fanatic 144 Rep 245 Posts Drives: BMW 325i sport Join Date: Oct 2006 Location: Dallas iTrader: (1)	What did everyone spend their tax returns on? or if you havent gotten them back yet - what are you planning on doing with them eventually? for me - i used a portion to pay off a little CC debt, and the rest went into an ING account to make a quick buck. i've determined that i am going to let this year's returns and next years returns fuel the downpayment i put on a new M3 ( second year model).
	Appreciate 0 Tweet Quote

02-27-2007, 10:05 AM	#2
nmulax Brigadier General 379 Rep 4,320 Posts Drives: '07 Z4 M Coupe Join Date: May 2006 Location: Metro-Detroit iTrader: (5) Garage List 2007 Z4M Coupé [7.66]	using $500 to cover my deductible for a new windshield, the rest is set on the side to cover moving expenses -- hoping to relocate in the next few months. __________________
	Appreciate 0 Quote

02-27-2007, 10:14 AM	#3
ganeil Colonel 85 Rep 2,049 Posts Drives: 328i Coupe Join Date: Sep 2006 Location: Georgia iTrader: (0)	You get money back? __________________ _____________ 1974 2002tii 1978 320i 2007 328i
	Appreciate 0 Quote

02-27-2007, 11:05 AM	#5
txusa03 Major General 550 Rep 6,563 Posts Drives: TS330iPPSP6MT Join Date: Jul 2005 Location: Planet Earth iTrader: (3)	if i ever get my money from the irs (Internal Ripoff Service), i'll be trading in a 19" tv for a 42 plasma give me my money... yeah yeah i know it is better if I owe them nothing and they owe me nothing. Still working on that. I just checked my records, for the past 4 years, I am getting less and less money from them. __________________ under construction!
	Appreciate 0 Quote

02-27-2007, 11:32 AM	#6
DFW_M Major General 1671 Rep 6,589 Posts Drives: Macan GTS Join Date: Jul 2006 Location: Dallas, TX iTrader: (4)	paid off the CC stuff... Got the refund in about a week with the eFile. Although, this year I got the least amount back compared with last 4 years...I guess this great tax break does not apply to everyone...or I am missing some zeros in my income amount...
	Appreciate 0 Quote

02-27-2007, 12:03 PM	#8
cm3rc Colonel 85 Rep 2,221 Posts Drives: 2006 E90 Join Date: Dec 2005 Location: Ferndale MI iTrader: (8) Garage List 06 325i [0.00]	savings __________________ www.socale90.com
	Appreciate 0 Quote

02-27-2007, 12:36 PM	#9
Corey Private First Class 24 Rep 163 Posts Drives: '92 240SX Join Date: Jan 2007 Location: Boston iTrader: (0)	An ems, unfortunately my $7 didn't go far. __________________ "You're going to have your heart broken, and you're gonna repair it with zipties."
	Appreciate 0 Quote

02-27-2007, 01:16 PM	#10
Brunotheboxer Colonel 371 Rep 2,984 Posts Drives: 2014 Shelby GT500. Join Date: Jan 2006 Location: Boston/Cape Cod iTrader: (0)	my wifes making me reinvest it. __________________ "...I maybe drunk, but you're ugly, and I can sober up..."
	Appreciate 0 Quote

02-27-2007, 01:20 PM	#11
jbake OG 77 Rep 930 Posts Drives: F80 M3 Join Date: Feb 2007 Location: Cen Cal iTrader: (0)	mine went to my new 335i!!!!!! thanks uncle sam!
	Appreciate 0 Quote

02-27-2007, 03:59 PM	#15
spacedogg Colonel 195 Rep 2,816 Posts Drives: Debadged Join Date: Aug 2006 Location: Vancouver, BC iTrader: (0)	i'm thinking rims and summer tires. haven't decided exactly which kind. probably 19" staggered setup.
	Appreciate 0 Quote

02-27-2007, 04:02 PM	#16
timn First Lieutenant 51 Rep 321 Posts Drives: E92 335i Join Date: Dec 2006 Location: Palo Alto, Ca iTrader: (4)	Hardwood floors for my 2 bedroom condo (living room and kitchen only).
	Appreciate 0 Quote

02-27-2007, 05:03 PM	#18
BMW F22 Major General 3566 Rep 9,788 Posts Drives: ///M235i Join Date: Nov 2005 Location: Bay Area iTrader: (8)	saving it for Vacation. Either that or pay off book bills. haha
	Appreciate 0 Quote

02-27-2007, 07:09 PM	#21
SteveMD Colonel 196 Rep 2,485 Posts Drives: 2016 F10 535i MSport Join Date: Dec 2005 Location: Raventown! iTrader: (3)	Another Roth IRA. __________________ 2006 E90 330i (retired) 2009 E90 335i (retired) 2012 E70 X5 50i M Sport (retired) 2016 F10 535i M Sport
	Appreciate 0 Quote

02-27-2007, 07:24 PM	#22
LEDZEP Lieutenant General 418 Rep 12,276 Posts Drives: 2009 E70 & 2011 F25 Join Date: Jun 2005 Location: Area 51 iTrader: (0) Garage List 2011 X3 35i M Sport [7.62] 2009 X5 M Sport [0.00] 2007 328xi E90 [0.00] 2006 325xiT E91 [0.00]	328xi / ZPP / ZSP / Nav / Heated Seats / PDC / Sirius / Xenons / Sunshades / 6FL __________________ I think it is bad luck to be superstitious
	Appreciate 0 Quote