Did you get your tax returns in?

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Yarrah
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#21 Postby Yarrah » Tue Apr 17, 2007 2:16 pm

^^ It's the only way for the government to keep the social welfare state running. Fortunately, a lot of people who are living with a meager income are profitting from it.
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gtalum
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#22 Postby gtalum » Tue Apr 17, 2007 2:19 pm

Derek Ortt wrote:you have taxes on food in the Netherlands?

Good grief you are being over taxed. Nothing of the sort here (we have a single digits sales tax on non food and medicine here... usually in the 7-8 percent range). Some states have income taxes while others do not. Also property taxes


In fairness, they do get a lot more for their tax dollars than we do.
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HollynLA
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#23 Postby HollynLA » Tue Apr 17, 2007 2:47 pm

Derek, we in Louisiana pay taxes on food as well as state income tax and property tax.
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Stephanie
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#24 Postby Stephanie » Tue Apr 17, 2007 8:27 pm

I filed about a month ago.
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#25 Postby pojo » Tue Apr 17, 2007 9:07 pm

I filed mine in early March.
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simplykristi
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#26 Postby simplykristi » Wed Apr 18, 2007 6:44 pm

I do my tax returns online and have the refunds a week later. :) My returns were done and the refunds were to me by the end of January/early February.
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#27 Postby coriolis » Wed Apr 18, 2007 8:24 pm

A week later, huh? I'm going to stop giving a big percentage to H&R block just to get the money fast.

BTW: In Pennsylvania most groceries have no sales tax. I think that food at restaurants and take-out food is taxed. Clothing and prescriptions are not taxed. I guess that's somewhat progressive.
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#28 Postby pojo » Wed Apr 18, 2007 9:19 pm

My state came back within a couple of days... Federal was about 1-2 weeks (online with H & R Block Tax Cut)
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#29 Postby simplykristi » Wed Apr 18, 2007 10:32 pm

I use Taxact. Way cheaper than H&R's online program.

Kristi
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#30 Postby gtalum » Thu Apr 19, 2007 9:02 am

TaxAct has a completely free online service. That's what I use. Even the e-file is free. My refund was in my account in less than a week.
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#31 Postby weathermom » Thu Apr 19, 2007 9:27 am

Our tax return was in ages ago and our rebate is well on the way to all spent already.

Had our taxes not been in yet, we were granted an extension because of flooding. Initally the IRS gave an extra 2 days to those affected by the flooding, but now it seems they have given an extra week. Two days obviously wasn't enough as there are still areas flooded to the point of not being able to get back into the buildings. I guess even the government has a heart once in a while! :wink:
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#32 Postby alicia-w » Thu Apr 19, 2007 10:11 am

return filed and received in Jan/Feb time frame. already spent too!
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#33 Postby Janice » Thu Apr 19, 2007 7:57 pm

Yes, we got our taxes done. We had to send in another check for over $8,000. We don't have any deductions and really get screwed with me drawing my pension and ss which is added to Johns wages. Oh, well....... :cry:
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#34 Postby vbhoutex » Thu Apr 19, 2007 11:32 pm

Sent in our quarterly payment too!! first time we have ever had to do that!! :cry:
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#35 Postby Janice » Fri Apr 20, 2007 6:30 am

My sis sends in extra money each quarter and does not have to go thru the big shock at the end of the year. Great idea. I do not know how so many get big refunds. :cry:
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jasons2k
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#36 Postby jasons2k » Fri Apr 20, 2007 9:59 am

Derek Ortt wrote:you have taxes on food in the Netherlands?

Good grief you are being over taxed. Nothing of the sort here (we have a single digits sales tax on non food and medicine here... usually in the 7-8 percent range). Some states have income taxes while others do not. Also property taxes


We pay taxes on food - you (consumers) just don't realize it. It's already factored into the sales price of the food. I read an article years ago that broke it down - for a $1.00 jar of peanut butter something like 50 cents of it is taxes factored into the price.

Gasoline works the same way - the gas taxes are factored into the sales price.
-------------

I filed my taxes on saturday with TurboTax.
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gtalum
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#37 Postby gtalum » Fri Apr 20, 2007 10:05 am

jschlitz wrote:We pay taxes on food - you (consumers) just don't realize it. It's already factored into the sales price of the food. I read an article years ago that broke it down - for a $1.00 jar of peanut butter something like 50 cents of it is taxes factored into the price.

Gasoline works the same way - the gas taxes are factored into the sales price.


True. There is an average of ~23% tax built into the price of every single product and service that we purchase. This is part of the basis for one of my favorite proposals ever, the Fair Tax. It's a proposal for a national sales tax to replace the national income tax.
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alicia-w
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#38 Postby alicia-w » Fri Apr 20, 2007 11:26 am

Janice wrote:My sis sends in extra money each quarter and does not have to go thru the big shock at the end of the year. Great idea. I do not know how so many get big refunds. :cry:


good financial planning....
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jasons2k
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#39 Postby jasons2k » Fri Apr 20, 2007 11:34 am

alicia-w wrote:
Janice wrote:My sis sends in extra money each quarter and does not have to go thru the big shock at the end of the year. Great idea. I do not know how so many get big refunds. :cry:


good financial planning....


Actually, good financial planning would result in a net of zero taxes due by 12/31/07, assuming you don't want to write a check out to the IRS. As someone stated earlier, getting a refund is no different than loaning out your money to the IRS, and letting THEM earn the interest on it.

When you get a refund, all you're getting back is your own hard-earned money MINUS any interest the IRS got to keep on it. Good financial planning would entail the taxpayer keeping the money and earning the interest on it for himself.
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Janice
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#40 Postby Janice » Fri Apr 20, 2007 2:46 pm

You got that right, Shlitz..... thanks

Puerto Rico started something new last year. The employer is taking less out of paychecks so the people here can have more money. My husband went to the payroll office and demanded they take more out and they refused.
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