Poll

1 vote (2.85%)
8 votes (22.85%)
5 votes (14.28%)
12 votes (34.28%)
4 votes (11.42%)
8 votes (22.85%)
7 votes (20%)
4 votes (11.42%)
3 votes (8.57%)
5 votes (14.28%)

35 members have voted

beachbumbabs
Administrator
beachbumbabs
Joined: May 21, 2013
  • Threads: 95
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April 9th, 2019 at 6:38:18 PM permalink
just curious. no names needed. pick the answers that are MOST accurate, please, not all that apply.
"Man Babes" #AxelFabulous
ThatDonGuy
ThatDonGuy
Joined: Jun 22, 2011
  • Threads: 84
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April 9th, 2019 at 6:50:32 PM permalink
Paid more this year, but to be fair, I cashed in about $2000 of savings bonds that I bought 18 years ago (it seems that, back then, they promised that if you held onto them for 18 years, they would be worth double what you paid, or about 4%/year interest, which is much better than "the going rate" over that period).
miplet
miplet
Joined: Dec 1, 2009
  • Threads: 5
  • Posts: 1864
April 9th, 2019 at 6:54:54 PM permalink
I’ll just quote myself
Quote: miplet

I earned $1515 more in 2018 than in 2017, yet I'm paying $292 less in taxes.


I got refunds both years.
“Man Babes” #AxelFabulous
rsactuary
rsactuary
Joined: Sep 6, 2014
  • Threads: 15
  • Posts: 1278
April 9th, 2019 at 7:11:43 PM permalink
I took it in the shorts this year. Each year I would typically get a small amount back, but after putting in earnings, I was going to owe $300. Then I put in my investment earnings and gambling winnings and i ended up paying just over $5000
Mooseton
Mooseton
Joined: Sep 6, 2010
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April 9th, 2019 at 7:34:17 PM permalink
This thread must be for regular W2 earners only otherwise it doesn’t make sense for W2G earners.
$1700, 18, 19, 1920, 40, 60,... :/ Thx 'Do it again'. I'll try
CrystalMath
CrystalMath
Joined: May 10, 2011
  • Threads: 8
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April 9th, 2019 at 7:41:24 PM permalink
First time in a long time, I owe <5k.

Yay!

Combination of increased withholding, slightly decreased income due to auto accident, structuring my business as an S-Corp, and lower taxes.
I heart Crystal Math.
PokerGrinder
PokerGrinder
Joined: Apr 30, 2015
  • Threads: 19
  • Posts: 2869
April 9th, 2019 at 8:55:56 PM permalink
I got $3308 back this year, about $3100 last year. Pays to be considered a hobo by the government.
You can shear a sheep a hundred times, but you can skin it only once. — Amarillo Slim Preston
bobbartop
bobbartop
Joined: Mar 15, 2016
  • Threads: 78
  • Posts: 1666
April 9th, 2019 at 9:23:07 PM permalink
Quote: Mooseton

This thread must be for regular W2 earners only otherwise it doesn’t make sense for W2G earners.




That's what I was thinking, these people must have jobs.
Don't believe anything until it is officially denied.
Nathan
Nathan
Joined: Sep 2, 2016
  • Threads: 65
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April 10th, 2019 at 12:10:11 AM permalink
My IRS refund was my WORST Refund of all time. Only like $800! 😣 I usually get around $1,000! For Godsakes, I made more of a refund than that my first year working! First year working!
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
AZDuffman
AZDuffman
Joined: Nov 2, 2009
  • Threads: 216
  • Posts: 9994
April 10th, 2019 at 2:38:38 AM permalink
The problem is most W-2 folks equate their refund with what they pay. They do not look at anything but the refund. Their taxes could go up by $2000 but if their refund went up by $200 they would be dancing in the street. It is what the government counts on, and the have historically used this to suit their needs.

Several in this thread though seem to be looking at the line two lines above the refund line. The "what you owe" line. The Trump Tax Cut helped me there, as it will help everyone who is not living in a McMansion in a high-tax state. Though I mostly help myself by understanding what expenses are business expenses and can thus legitimately reduce taxable income.

I so wish we did not have withholding as we do now and people got a quarterly bill from the IRS. That would change so many things.
Tolerance is the virtue of believing in nothing

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