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Cycling related tax return plans?

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Old 01-24-12, 10:39 PM
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Cycling related tax return plans?

I'm hoping if I sell off my carbon Fuji and mix that with my tax return, I can hopefully get myself a nice custom steel from Majacobicycles.com
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Old 01-24-12, 11:31 PM
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My tax return is going toward a custom Kish ti road bike.
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Old 01-24-12, 11:37 PM
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I don't give the government interest free loans.
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Old 01-24-12, 11:43 PM
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Yeah, I'm gonna ride my bike to the post office to send out my taxes. The government is not a bank, a bank is a bank, or to a lesser degree a credit union is a bank.
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Old 01-25-12, 01:33 AM
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Originally Posted by Elvo
I don't give the government interest free loans.
Smart.......I always chuckle when some brags about getting a $2000.00 refund....
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Old 01-25-12, 01:41 AM
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Originally Posted by Elvo
I don't give the government interest free loans.
+1
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Old 01-25-12, 03:00 AM
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My tax refund plan is to vote for Ron Paul, let him do away with the IRS, and spend all the money I save on cycling.
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Old 01-25-12, 04:37 AM
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Now is the time to update your W4 form so you don't loan the government so much money next year...
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Old 01-25-12, 05:29 AM
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Originally Posted by WHOOOSSHHH...
Smart.......I always chuckle when some brags about getting a $2000.00 refund....
^ this... most of those people don't realize they're just getting their money back, without a penny of interest. somehow they see it as the IRS giving them a gift. with my tax refund last year, i was able to get 2 boxes of bar tape and that was it.
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Old 01-25-12, 06:24 AM
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Tax returns are like the lottery; they appeal to the mathematically challenged.
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Old 01-25-12, 06:39 AM
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I'm going to get my USAC license and then apply for a cat downgrade.
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Old 01-25-12, 06:44 AM
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Originally Posted by bike eagle
My tax refund plan is to vote for Ron Paul, let him do away with the IRS, and spend all the money I save on cycling.
+1
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Old 01-25-12, 06:51 AM
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I get a little back thanks to the fact that I pay for my schooling out of my own pocket, so I'm going to take that and donate it to the nonprofit I'm riding across the country with this summer.
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Old 01-25-12, 06:54 AM
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Originally Posted by bike eagle
My tax refund plan is to vote for Ron Paul, let him do away with the IRS, and spend all the money I save on cycling.
Wasting your vote on a pipe dream is just as bad as giving the govt a loan.
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Old 01-25-12, 07:36 AM
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In before the Foo transfer.
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Old 01-25-12, 07:45 AM
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Originally Posted by jrobe
Wasting your vote on a pipe dream is just as bad as giving the govt a loan.
No vote is wasted...if everyone thought differently, perhaps a candidate like Ron Paul would capture more of the popular vote - instead of saying you are "throwing away" a vote, vote for the person you feel is going to represent you the best
But who are we kidding, over half this country's eligible voters don't vote anyway. But they are the ones complaining all the time...

I plan on taking my Federal tax return and paying my state return (work won't withhold at my state's graduated level because I work in a different state)...if there is any left over, it is not going to new bike purchases...that's what selling my old stuff on ebay is for!
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Old 01-25-12, 07:51 AM
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Let's get it off the politics before it has to be moved to P&R.
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Old 01-25-12, 07:52 AM
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Originally Posted by jrobe
Wasting your vote on a pipe dream is just as bad as giving the govt a loan.
+10
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Old 01-25-12, 07:53 AM
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what's a tax return ?
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Old 01-25-12, 08:19 AM
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I'm guessing I will owe them money, which is fine.
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Old 01-25-12, 08:23 AM
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Originally Posted by AngryScientist
what's a tax return ?
It's money that you lent your goverment, so they could load up $66,000,000.00 of it in trucks, and then ship it over to IRAQ and distribute it to various Iraqi officals. Then they took the money and stole, I mean lost most of it...... However seeing as you lent the U.S. Gov't the money interest free we didn't lose as much as we might have...
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Old 01-25-12, 08:30 AM
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I plan on writing a huge check and not buying anything until June.
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Old 01-25-12, 09:58 AM
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Being mathematically challenged, how much interest are you making say you get your $2000 spread out over twelve months and of course you're not touching this money? Is it enough to buy bar tape?
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Old 01-25-12, 10:02 AM
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I pad mine a little to ensure I didn't screw up somewhere and end up owing money at the end of the year. If interest rates were better I might worry about that small interest free loan I gave the government, but the few cents of interest I lost is worth it to insure I don't end up writing a check.
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Old 01-25-12, 10:05 AM
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Originally Posted by mchacon01
Being mathematically challenged, how much interest are you making say you get your $2000 spread out over twelve months and of course you're not touching this money? Is it enough to buy bar tape?
exactly. Its not even $2000 spread over 12 months. Its $120 or so the first month and builds until you hit $2000 (or in my case $1100) at the end of the year.
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