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Tax windfall proceeds

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Forum topic by Slacker posted 04-10-2008 02:49 AM 1163 views 0 times favorited 29 replies Add to Favorites Watch
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Slacker

178 posts in 2446 days


04-10-2008 02:49 AM

Topic tags/keywords: tax windfall question

Has anyone thought how they are going to spend their tax windfall? Or are you going to do the responsible thing and pay down your credit card(s)?

Hmmm… $600 might get me a nice drill press. Or a ton of clamps. Or maybe some panels to build a garage workshop.

-- Adapt, improvise, overcome


29 replies so far

View 8iowa's profile

8iowa

1491 posts in 2506 days


#1 posted 04-10-2008 03:09 AM

I would like to find something to do other than send a sizeable percentage to China.

-- "Heaven is North of the Bridge"

View Scott Bryan's profile

Scott Bryan

27251 posts in 2567 days


#2 posted 04-10-2008 03:32 AM

My wife will probably get mine. She has a bad habit of assuming any extra money is hers and, since she is a high maintenance woman, it goes quickly.

-- Challenges are what make life interesting; overcoming them is what makes life meaningful- Joshua Marine

View Mario's profile

Mario

902 posts in 2796 days


#3 posted 04-10-2008 04:20 PM

I was responsible and paid off the card and some other debt. No fun but it has increased my monthly alotment for shop use.

-- Hope Never fails

View dustygirl's profile

dustygirl

862 posts in 2473 days


#4 posted 04-10-2008 04:38 PM

Mine is going to help pay off my new shop.Pay off one bill then start again with something else.And on,and on,and on. (lol)

-- Dustygirl..Hastings,Ontario.. How much wood can 1 gal chuck if 1 gal can't cut wood?

View flink's profile

flink

94 posts in 2465 days


#5 posted 04-10-2008 05:20 PM

I need to give this one to my wife. I spent my whole fed refund at Woodcraft and Rockler.

-- Made lots of sawdust and pounded some nails. Haven't finished anything, though.

View DannyBoy's profile

DannyBoy

521 posts in 2610 days


#6 posted 04-10-2008 05:38 PM

Pay off of debt and investing. Pretty much what I’m supposed to do. However, my wife (the financial one in the family) has promised me that we can buy a new TV or table saw when we get the last car paid off (by the end of the year). The only catch is I have to choose one and we also have to save up enough to pay cash for it.

-- He said wood...http://hickbyassociation.blogspot.com/

View tenontim's profile

tenontim

2131 posts in 2489 days


#7 posted 04-10-2008 05:39 PM

New tires for the truck and the rest will go into the house construction.

View JJackson's profile

JJackson

104 posts in 2827 days


#8 posted 04-10-2008 08:50 PM

I DON’T WANT THE CHECK!!!!!!!!!!!

I pay my mortgage, I don’t have balances on my credit cards, my vehicles are 10 years old and paid for, I have a good 401K, savings account and am saving my money for my kids education.

TAKE MY CHECK AND APPLY IT TO THE NATIONAL DEBT SO ALL OUR CHILDREN CAN HAVE A FUTURE IN THE US!!!!

I’ll get off my soapbox now. : )

Jeff

-- Jeff, Indiana

View tenontim's profile

tenontim

2131 posts in 2489 days


#9 posted 04-10-2008 09:05 PM

Your check wouldn’t be a drop in the bucket, Jeff, by time the government bought 7 toilet seats or hammers, it would be gone. You could make better use of it than the gov.

View motthunter's profile

motthunter

2141 posts in 2544 days


#10 posted 04-10-2008 10:05 PM

Cant go to Walmart… too much cash to the Chinese there.
No computers.. money goes overseas too.
No toys for the kids.. money goes to foreigners too…
Beer is made in the US.. but I don’t drink.

Guess I will put it away so it can earn some interest. This government is so foolish. This effort is more like trying to buy votes than stimulate an economy. I won’t be fooled.

-- making sawdust....

View Ethan Sincox's profile

Ethan Sincox

765 posts in 2919 days


#11 posted 04-10-2008 10:35 PM

Good on you, Jeff. Nice to know I’m not the only one out there who feels the same way…

It is hardly “free” money – it is going to cost us a whole lot more in the long run, to be sure.

Mott, Lie-Nielsen is an American company and they make some pretty good things, I hear. ;)

-- Ethan, http://thekiltedwoodworker.com

View tenontim's profile

tenontim

2131 posts in 2489 days


#12 posted 04-10-2008 11:32 PM

There you go, Ethan. And the Maine economy is in the toilet right now, so every little bit will help them out.

View DannyBoy's profile

DannyBoy

521 posts in 2610 days


#13 posted 04-10-2008 11:45 PM

Don’t forget that you have to claim the check as income on next years tax return….

-- He said wood...http://hickbyassociation.blogspot.com/

View mrtrim's profile

mrtrim

1696 posts in 2625 days


#14 posted 04-11-2008 12:21 AM

and the chinese keep smileing . they luv you dubya

View dennis mitchell's profile

dennis mitchell

3994 posts in 3059 days


#15 posted 04-11-2008 01:33 AM

Billions in corporate welfare and I’m going to save the economy by them giving me back my money…or more to the point borrowing it from my grand kids. And we keep voting for these idiots.

showing 1 through 15 of 29 replies

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