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taxes

Discussion in 'Rifle Country' started by p85, Mar 20, 2010.

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  1. p85

    p85 Member

    Joined:
    Apr 6, 2007
    Messages:
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    Location:
    central NC
    I filed my taxes early Feb. and was curious where my federal refund was. I checked their website and found that they had made corrections to my return and I shoud see my refund by next weekend.
    To my amazement, my refund is way more than I expected. I knew I had to let the wife know the good news. Here is how it went.
    Me: Our refund is going to be larger than we figured.
    Her: Yeah, how much?
    Me: Well, after I buy that AR I have been looking at, we still will pocket $1000
    (you see where this is going??)
    Her: I expect the balance to go into our Ireland trip fund.

    Easiest permission to buy I have ever had with my wife.:D
     
  2. Guns and more

    Guns and more member

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    Just remember that money was yours all along. You just loaned it to the gubment interest free all year.

    I like the idea of everyone having to write a check on Ap.15 for the total taxes. None taken out. There would be a tax revolt the first year.

    But enjoy the AR. And Ireland.
     
  3. lions

    lions Member

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    Location:
    Kansas
    You have to tell us which AR you have been looking at.
     
  4. HOWARD J

    HOWARD J Member

    Joined:
    Mar 8, 2010
    Messages:
    2,258
    Location:
    S/E Michigan
    :eek:If we didn't help buy houses & pay part college tuition for our grandkids--I could have a
    lot more than 35/40 weapons...........................:eek::eek::eek::eek:

    Ain't life a *****.......................................:D
     
  5. 52grain

    52grain Member

    Joined:
    Jun 21, 2009
    Messages:
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    This is going to come back to bite you big time.

    Which AR were you looking at?
     
  6. p85

    p85 Member

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    Location:
    central NC
    was thinking the DPMS Panther, but I might look a little more. any suggestions?

    I know what you mean Guns, the state has decided to hold all refunds till they are flush with cash. That wouldn't work for me if I owed.

    Could use it to buy ammo.:evil:
     
  7. p85

    p85 Member

    Joined:
    Apr 6, 2007
    Messages:
    118
    Location:
    central NC
    went and did it

    I bought the DPMS flat top. Mounted a red dot that I had laying around. Going to check it out this weekend.
     
  8. aka108

    aka108 Member

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    Aug 26, 2006
    Messages:
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    Location:
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    On the Federal 1040 if you reported earned income and the amout was less than, I think 95,000 taxable then you got a 250 tax credit for simply working. Same credit if you worked for a govt entity, from Fed to City and were not covered by Social Security in that work, you got a 250 tax credit. I put my 1099 R income on line 7 of the 1040 and got a 250 credit. Later found out 1099 R income goes on a different line. Tax is the same either way. Sent the check back to them because I've been retired since 1996 and haven't earned one cent since then, and, don't want to. Next year if you want the 250 tax credit for working you will have to fill out something called a Schedule M and send it in with you 1040. Don't think too many folks are aware of this.
     
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