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#1
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I am work sitting around talking to assistant. (He works for me.)
We are talking about taxes. I just finished my taxes and my return was an amazing $2200. Well it was amazing to me I almost never get a return. I make about 60-70k year it varies from yr to yr depending on how much I work. So he hangs up the phone with his tax guys and has a grin from ear to ear. Then he tells me his return this year is $7,200?????????????????????????? [img]/images/graemlins/shocked.gif[/img] How is this possible??? He only makes 33,000 a year I know because I do his pay roll. Is he even paying any tax? He has a child (divorced and from what I am understood his wife declares the child). Does a Child really make this much of a diffrence? My return last year was $320 and his was $6400. I dont get it |
#2
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Just as an aside, you know that that's not a good thing, right? That it probably means he's drastically overpaying throughout the year?
EDIT: OK, its good for idiots with no compunction about spending everything they can get their hands on, but for those with any sort of fiscal responsibility its not good. |
#3
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When I was in HS/early college, I made about 25-29,000 a year, and would routinely get all the taxes I paid (2-3500$) back, due to educational tax cuts, itemizing etc.
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#4
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depends on what all he's claiming, and if he pays child support, etc. If he owns a home and is doing an interest only loan he's getting a big break there as well.
Be happy for the guy, he still has a lot less than you [img]/images/graemlins/smile.gif[/img] |
#5
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Anybody who brags about getting a tax return of a bunch, I laugh at. I cannot even begin to imagine how much money the government makes every year on the interest of those who overpay their taxes. Scandalous.
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#6
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[ QUOTE ]
Just as an aside, you know that that's not a good thing, right? That it probably means he's drastically overpaying throughout the year? [/ QUOTE ] Yes I see your point. I am still like WTF! [ QUOTE ] When I was in HS/early college, I made about 25-29,000 a year, and would routinely get all the taxes I paid (2-3500$) back, due to educational tax cuts, itemizing etc. [/ QUOTE ] Well, That is a student, He is not. I guess what gets my goat most of all is he actually makes a hellva lot more then I a year. He DJ's on the side. Both in a club and weekend parties. It is not a surprize any more for him to come in and tell me he cleared 2k on any given weekend. He reports NOTHING! Its completely cash transactions |
#7
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[ QUOTE ]
depends on what all he's claiming, and if he pays child support, etc. If he owns a home and is doing an interest only loan he's getting a big break there as well. Be happy for the guy, he still has a lot less than you [img]/images/graemlins/smile.gif[/img] [/ QUOTE ] He is not paying child support he is a good father and has a terriffic relationship with his ex wife. I wouldnt think any interest he accurd is a factor. considering I had to beat him over the head with a stick to put his $$$ any where aside from a %1 savings account. However he did in sept. get a condo. via a hook up through a friend. I belive his taxes are around 3,400 a year. |
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