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I pulled the trigger - thank god for tax refunds

post #1 of 22
4/6/04 at 3:52am
Thread Starter 
I just did my taxes and I have a big-ass refund coming to me. Enough to cover my new 8790! Woot and a half!

Item Description
----------------------------------------------------------
85 Sager 8790-S Notebook: 8790-S

1034 Processor: P4 3.4GHZ Northwood CPU

850 RAM: 1024MB 400DDR Dual Channel
(2-512MB)

858 Main Hard Drive: 80GB 5400RPM

999 Media Drive: 2X DVD+R/-R/RW/CD-RW

857 Bay 2 Hard Drive: 80GB 5400rpm with
bracket

1024 TV Tuner/Subwoofer: 12 Cell Li-Ion
Smart battery

415 Floppy Drive (required to install
RAID): External 3.5" Floppy Drive

494 Operating System: No Operating System

1041 Wireless Network: Internal 802.11g
TURBO (108Mbps) wireless

852 Bluetooth: Internal Bluetooth

-------------------------------------------
Subtotal $2999.41
Total $2999.41

I also popped for the Booq FoleeMessenger 17 ($159) and a Belkin Nostromo Speedpad n52 ($33).

I'm so excited I can hardly stand it. Can't wait for the boxes to start showin' up.

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post #2 of 22
4/6/04 at 3:57am



There are some nanas for a beautiful screen and nice choice of bags...i think i might pick one of those up in the near future for my 4760
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post #3 of 22
4/6/04 at 11:06am
Excellent - so you loaned your money to the government interest-free for a year... Well, in the end, I am sure you will put it to better use than they did while they had it. Good luck to you!
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post #4 of 22
4/6/04 at 12:01pm
Thread Starter 
Quote:
so you loaned your money to the government interest-free for a year
Fortunately, no. I'm an independant contractor, so nothing's witheld from my paycheck; I just save $ myself. Not knowing how much self-employment tax was going to hit me for, I saved way more each month than was necessary. I just said 'refund' because it was easier than explaining that.
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post #5 of 22
4/6/04 at 1:35pm
Thats awesome, I didnt think anyone got too much money back this year cus of that tea-bagger Bush. I get a whole 9 bucks back WHOOPITY DOO!!!
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post #6 of 22
4/6/04 at 3:14pm
Good for you - you didn't loan the gov't money.

Don't know what "tea-bagger" means but Bush's tax cuts were *very* noticeable in *my* paycheck, certainly appreciate that a lot more than the usual politician (all sides) BS about "you are productive therefore you should pay more so we can redistribute it, and you should be ashamed for being a capitalist (but we like your paycheck, just don't get too attached to it...)"


Quote:
Originally Posted by natedog81
Thats awesome, I didnt think anyone got too much money back this year cus of that tea-bagger Bush. I get a whole 9 bucks back WHOOPITY DOO!!!
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post #7 of 22
4/6/04 at 5:07pm
BAH! I owed more this year than 3 8790's! err....
More ya make, more they take!

Anyway, CONGRATS! Im waiting on mine as well.
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post #8 of 22
4/6/04 at 6:12pm
Quote:
Originally Posted by pelazem
Good for you - you didn't loan the gov't money.

Don't know what "tea-bagger" means but Bush's tax cuts were *very* noticeable in *my* paycheck, certainly appreciate that a lot more than the usual politician (all sides) BS about "you are productive therefore you should pay more so we can redistribute it, and you should be ashamed for being a capitalist (but we like your paycheck, just don't get too attached to it...)"
I saw ZERO noticabel tax cuts in my paycheck, you must be up in the wealthy bracket therefore you see tax cuts but a guy like me who makes an average salary dosnet see jack s#$t of a tax cut.
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post #9 of 22
4/6/04 at 7:54pm
natedog have you tried turbotax? that thing is good at finding tax reductions that you don't think you qualify for or even know about....
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post #10 of 22
4/7/04 at 1:34pm
Yeah, thats what I used, I was about to go to H&R Block or somthing but I figured I wasnt going to get anything back anyways so why pay them money to tell me that.
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post #11 of 22
4/7/04 at 1:38pm
http://www.booqbags.com/Detail.bok?no=21

what you guys think of this bag for the 8790?... doesnt seem to have much room for anything other than the laptop.... hmmm
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post #12 of 22
4/7/04 at 3:34pm
Sorry for this [hijack], but ...


Quote:
Originally Posted by natedog81
I saw ZERO noticabel tax cuts in my paycheck, you must be up in the wealthy bracket therefore you see tax cuts but a guy like me who makes an average salary dosnet see jack s#$t of a tax cut.
That's weird. I have 20 employees and even those making under $15k/yr had their taxes reduced via the tax witholding table changes that went into effect last July. But obviously, since its a percentage decrease, the more you make, the more actual dollars the tax cuts created... If you only had a few dollars per paycheck more and you're (obviously) pissed about that, please send it to me. Of course, since the top 50% of wage earners (making over $28,528 per year in current dollars) pay 96.03% of "total income taxes", I'm not sure just how much you expect out of the remaining 3.97%.

http://www.irs.ustreas.gov/pub/irs-soi/01in01ts.xls

[/hijack]
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post #13 of 22
4/7/04 at 4:05pm
It's even worse than that... the top 25% of earners pay 85% of income taxes. More if you factor in all the excise taxes.

All the more reason to drop income tax on the poor and middle class. We don't need their piddly dollars.
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post #14 of 22
4/7/04 at 4:24pm
CAn u comment about how the tax refund works? I have worked in the summer and earned around 2k, but like 800 is being taxed My friend said you'll get tax refund but how does that work? I was 18 at the moment when i worked and i have little to no knowledge of doing taxes.
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post #15 of 22
4/7/04 at 5:28pm
I THINK you have to make atleast 5k or over to get taxed? SO you MIGHT get it all back. Do not know for sure though, hopefully someone else here will for ya.
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post #16 of 22
4/7/04 at 5:48pm
in canada as a student i get all my taxes back. woohoo.
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post #17 of 22
4/7/04 at 6:07pm
Quote:
Originally Posted by IntgrSpin
It's even worse than that... the top 25% of earners pay 85% of income taxes. More if you factor in all the excise taxes.

All the more reason to drop income tax on the poor and middle class. We don't need their piddly dollars.
Yeah ...

Let's just tax the "rich" so 75% of the workforce live here tax-free. There's a great definition of "fairness". Give me a flat tax and rip the IRS code out by the roots. http://www.fairtax.org/

If only 25% of the people are paying taxes, there's every incentive for the other 75% to vote themselves more and more "benefits" like "free" healthcare for everyone and endless unemployment benefits until you decide to go back to work and more EITC tax "refunds" for those who don't pay taxes to begin with... until you break the "rich" and they just quit...

... and "Atlas Shrugged"
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post #18 of 22
4/7/04 at 6:58pm
Quote:
Let's just tax the "rich" so 75% of the workforce live here tax-free.
Like how it was before WW1? Yeah.

Quote:
Give me a flat tax and rip the IRS code out by the roots.
Forget the flat tax. Go with excise (sales). Income taxes were put there to keep all the wealth from accumulating into the hands of a few families... let's keep it that way.
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post #19 of 22
4/7/04 at 7:32pm
Quote:
Originally Posted by IntgrSpin
Forget the flat tax. Go with excise (sales). Income taxes were put there to keep all the wealth from accumulating into the hands of a few families... let's keep it that way.
Keep it what way? Out of the hands of those who earn it? How would a sales tax change that? Maybe I don't understand what you meant...but I'm not a big fan of the government deciding who should and who should not have wealth. That sounds much like Communism to me.

Er, that's what www.fairtax.org is... A Flat "Sales" Tax with deductions up to the poverty level. Everyone pays taxes on whatever they consume over that level. I would be in favor of either a flat "sales" tax or a flat "income" tax. The flat "sales" tax encourages more savings though since its tax free until spent. Anything that gets rid of the progressive and unbelievably intrusive current IRS code. IRS says "X" and its true until you "prove" otherwise. Guilty until you prove yourself innocent.

Maybe this thread should be moved or closed or another should be started before things get out of hand...
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post #20 of 22
4/7/04 at 10:01pm
In principle you don't want to tax away earnings. I practice however, you presumably don't want society run by oligarchs and monopolists. Unless of course, you are not in favor of the principle of the republic (which may be the case).

The federal income tax will never be fair per se, because it was never intended to be fair.

From Ruml, 1946 chairman of the Fed Reserve Bank, NY:

The second principal purpose of federal taxes is to attain more equality of wealth and of income than would result from economic forces working alone. The taxes which are effective for this purpose are the progressive individual income tax, the progressive estate tax, and the gift tax. What these taxes should be depends on public policy with respect to the distribution of wealth and income. These taxes should be defended and attacked in terms of their effect on the character of American life, not as revenue measures.
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