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Main => Everything Else => Topic started by: paigeoliver on April 15, 2005, 04:20:26 am

Title: Don't forget your taxes!
Post by: paigeoliver on April 15, 2005, 04:20:26 am
US people don't forget your taxes! I just mailed mine. I always do them the last day because I always owe money.
Title: Re: Don't forget your taxes!
Post by: SirPeale on April 15, 2005, 07:37:18 am
Really?  Why?  What are you claiming?
Title: Re: Don't forget your taxes!
Post by: paigeoliver on April 15, 2005, 07:44:14 am
As far as withholding, one exemption. Being a single male who owns no property I have no hope of beating the standard exemption with itemized ones, thus I always owe.
Title: Re: Don't forget your taxes!
Post by: SirPeale on April 15, 2005, 07:48:12 am
Weird.  When I was a single guy I always (except just once, when I picked up a second job) got a refund.  Albiet not much, usually less than $100.
Title: Re: Don't forget your taxes!
Post by: paigeoliver on April 15, 2005, 07:55:03 am
It probably has to do with the fact that I work a 40 hour week, every week, 52 weeks a year. Never take any days off, never call off sick. I think that breaks the little withholding formula when you do that.

I haven't called in sick in 7 years. I unfortunately don't get any vacation days or holidays either.

Man, I need to find a new job, if I got holidays off, 10 vacation days, and 5 sick days like NORMAL people then I would be working 20 less days per year.
Title: Re: Don't forget your taxes!
Post by: SirPeale on April 15, 2005, 07:56:20 am
Ah, I got it.  You're claiming '1' on your W4.  I always claimed '0'.
Title: Re: Don't forget your taxes!
Post by: paigeoliver on April 15, 2005, 08:00:55 am
If I claimed zero then I would get a giant return every year. I am good with my money, I don't have to give free loans to the government like most of my idiot co-workers do. My average co-worker is a single mother who gets earned income-credit and thus already gets a gigantor return (larger return than they even pay), and most of them STILL have them take out extra money every check so they can get an even bigger return. Apparently it is the way they make large purchases.
Title: Re: Don't forget your taxes!
Post by: SOAPboy on April 15, 2005, 08:19:14 am
If I claimed zero then I would get a giant return every year. I am good with my money, I don't have to give free loans to the government like most of my idiot co-workers do. My average co-worker is a single mother who gets earned income-credit and thus already gets a gigantor return (larger return than they even pay), and most of them STILL have them take out extra money every check so they can get an even bigger return. Apparently it is the way they make large purchases.

Meh, i claim 0 and in that "extra withhold line" i put 1$.. love getting ALL my money back.. ^_^
Title: Re: Don't forget your taxes!
Post by: Bones on April 15, 2005, 08:49:30 am
Not trying to rub salt into any wounds, but in the US you only get awarded 2 weeks holiday per year, is this right?

So if you want to go overseas for 6 weeks you have to sacrifice holidays for three years for them to accumulate?

We get 4 weeks per year here and at times I struggle maintaining any worthwhile holiday "buffer".

Title: Re: Don't forget your taxes!
Post by: SirPeale on April 15, 2005, 08:59:11 am
Interesting.  When I claimed zero I got  back a couple hundred usually.  Spread out over a year, that's not terribly bad.  Better than shelling out *anything* at tax time.

Now that I have kids, my average return is about $4,000.  Of course, there's always the expense involved...  ;D
Title: Re: Don't forget your taxes!
Post by: ChadTower on April 15, 2005, 10:14:53 am
Once you get kids and a mortgage, you really get huge returns.
Title: Re: Don't forget your taxes!
Post by: GGKoul on April 15, 2005, 10:34:04 am
Not trying to rub salt into any wounds, but in the US you only get awarded 2 weeks holiday per year, is this right?

So if you want to go overseas for 6 weeks you have to sacrifice holidays for three years for them to accumulate?


Most companies in the US won't all you to take 6 weeks of paid vacation.  You'll have to take 2 or 3 weeks of your vacation time and apply for a non-paid leave for the additional weeks.

Australian programs is much better.  As you get a minimium of 4 weeks off and when you take a holiday, you get an extra 25% to you pay.  The increase is probably do to the fact it costs you a fortune to fly from Australian to else where in the world.
Title: Re: Don't forget your taxes!
Post by: GGKoul on April 15, 2005, 10:34:50 am
Once you get kids and a mortgage, you really get huge returns.

God damm lucky Americans that are able to write off your mortgage interest....
Title: Re: Don't forget your taxes!
Post by: ChadTower on April 15, 2005, 10:36:48 am
Most companies in the US won't all you to take 6 weeks of paid vacation.  You'll have to take 2 or 3 weeks of your vacation time and apply for a non-paid leave for the additional weeks.

Most companies I've worked for won't let you take the 2 weeks you are 'given', anyway.  You just end up having to take it in untaken vacation pay at the end of the year.  I haven't taken a vacation since 2001.
Title: Re: Don't forget your taxes!
Post by: GGKoul on April 15, 2005, 10:42:57 am
Most companies in the US won't all you to take 6 weeks of paid vacation.
Title: Re: Don't forget your taxes!
Post by: Shape D. on April 15, 2005, 10:43:37 am
Not trying to rub salt into any wounds, but in the US you only get awarded 2 weeks holiday per year, is this right?

So if you want to go overseas for 6 weeks you have to sacrifice holidays for three years for them to accumulate?

We get 4 weeks per year here and at times I struggle maintaining any worthwhile holiday "buffer".


It depends on the company you work for. I guess paige's employer doesn't give any a lot of the employers give a flat 2 weeks.
mine starts with 3 days of vacation time your first year, after 90 days. but then jumps up to 2 weeks after your first year, and increses evry now and then the longer you work here max 25 days vacation time 5 weeks. 

And yes most places will either not let you take that long of a vacation if you don't have the vacation time, or they won't pay you for it.

the sweet companies are the ones that pay you for your unused vacation time if you quit or are fired. (mine does)
Title: Re: Don't forget your taxes!
Post by: ChadTower on April 15, 2005, 10:44:06 am
So true.  And most companies give you a hard time when you try to take the 2 weeks at the same time.

I have never been able to take more than 5 days, not once in my career.
Title: Re: Don't forget your taxes!
Post by: Stingray on April 15, 2005, 10:46:39 am
I work in a school. I get two weeks off for xmas, a week off for spring break, and then I also get two weeks of for vacation, five "personal days" and more sick days than I can even come close to using in a year. :)

Working 52 weeks a year sucks.

-S
Title: Re: Don't forget your taxes!
Post by: 2600 on April 15, 2005, 10:56:13 am
Once you get kids and a mortgage, you really get huge returns.

I wish.  Mortgage, I'll agree but we had a boy this past year, and don't get anything back for him.


As for vacation and sick days, I'd make you all jealous.


Title: Re: Don't forget your taxes!
Post by: GGKoul on April 15, 2005, 10:59:21 am
As for vacation and sick days, I'd make you all jealous.

Well, I get 4 weeks a year and I'm off to Greece this summer for 3 weeks.
Title: Re: Don't forget your taxes!
Post by: 2600 on April 15, 2005, 11:00:52 am
As for vacation and sick days, I'd make you all jealous.

Well, I get 4 weeks a year and I'm off to Greece this summer for 3 weeks.


Higher.
Title: Re: Don't forget your taxes!
Post by: GGKoul on April 15, 2005, 11:06:18 am
As for vacation and sick days, I'd make you all jealous.

Well, I get 4 weeks a year and I'm off to Greece this summer for 3 weeks.


Higher.

Wait, didn't we have this discussion before... you get 6 or 8 weeks, but you've been there for a long time and even though you have this much time, you rarely get to take vacation...
Title: Re: Don't forget your taxes!
Post by: 2600 on April 15, 2005, 11:28:17 am

Wait, didn't we have this discussion before... you get 6 or 8 weeks, but you've been there for a long time and even though you have this much time, you rarely get to take vacation...

Sorry, you've got me confused with someone else.

Maybe this guy (http://tronguy.com/gallery.html) He looks pretty busy.


Title: Re: Don't forget your taxes!
Post by: GGKoul on April 15, 2005, 11:50:00 am

Wait, didn't we have this discussion before... you get 6 or 8 weeks, but you've been there for a long time and even though you have this much time, you rarely get to take vacation...

Sorry, you've got me confused with someone else.

Maybe this guy (http://tronguy.com/gallery.html) He looks pretty busy.


No I was thinking about this thread (http://forum.arcadecontrols.com/index.php/topic,30691.0.html)
Title: Re: Don't forget your taxes!
Post by: M3talhead on April 15, 2005, 12:05:15 pm
I work in a school. I get two weeks off for xmas, a week off for spring break, and then I also get two weeks of for vacation, five "personal days" and more sick days than I can even come close to using in a year. :)

Working 52 weeks a year sucks.

-S

Sorry guys, but I had to just chime in.

U.S. Military
2.5 days of vacation per month ( I have about 60 saved up)
Unlimited sick days (provided you get an appointment and can withstand the riddicule of your coworkers)
Work only 1/2 the month (3 on 2 off, 2 on 3 off)
Free extentions on tax returns if stationed overseas (till June)
Title: Re: Don't forget your taxes!
Post by: Stingray on April 15, 2005, 12:52:24 pm
I work in a school. I get two weeks off for xmas, a week off for spring break, and then I also get two weeks of for vacation, five "personal days" and more sick days than I can even come close to using in a year. :)

Working 52 weeks a year sucks.

-S

Sorry guys, but I had to just chime in.

U.S. Military
2.5 days of vacation per month ( I have about 60 saved up)
Unlimited sick days (provided you get an appointment and can withstand the riddicule of your coworkers)
Work only 1/2 the month (3 on 2 off, 2 on 3 off)
Free extentions on tax returns if stationed overseas (till June)

You left out "risk of being shot at/ blown up". IMO, you deserve the extra time off more than I do.

-S
Title: Re: Don't forget your taxes!
Post by: Samstag on April 15, 2005, 01:18:35 pm
Sweet!
Title: Re: Don't forget your taxes!
Post by: GGKoul on April 15, 2005, 01:39:26 pm
I have a buddy that works at Ford Auto Plant in Oakville.  And until the end of the year the everyone at the plant is working 2 weeks on and 2 weeks off. 
Title: Re: Don't forget your taxes!
Post by: lokki on April 15, 2005, 01:47:55 pm
Now that I have kids, my average return is about $4,000.
Title: Re: Don't forget your taxes!
Post by: ChadTower on April 15, 2005, 01:52:52 pm
You could, but if your status changes during the year, or you do it wrong, you are severely forked.
Title: Re: Don't forget your taxes!
Post by: Hoagie_one on April 15, 2005, 02:04:45 pm
taxes are for tourists

just like stop signs and speed limits
Title: Re: Don't forget your taxes!
Post by: SirPeale on April 15, 2005, 05:21:24 pm
I wish.  Mortgage, I'll agree but we had a boy this past year, and don't get anything back for him.

I'm guessing you're not a US resident?
Title: Re: Don't forget your taxes!
Post by: paigeoliver on April 15, 2005, 05:25:05 pm
Most lower class jobs in America don't provide vacation days at all.
Title: Re: Don't forget your taxes!
Post by: Shape D. on April 15, 2005, 05:29:31 pm
I used to work at a gas station and I got vacation time. I think youre just getting screwed.
Title: Re: Don't forget your taxes!
Post by: missioncontrol on April 15, 2005, 05:33:33 pm
I allready filed mine  ;D

nice fat return  ;D  ;D

I usually use part of my return to make an extra payment on my mortgage to knock down the principal of the loan........
Title: Re: Don't forget your taxes!
Post by: ChadTower on April 15, 2005, 05:40:55 pm
I filed mine the week the W2s came in.  Put 90% of my return into savings, the rest I spent on stuff around the house that needed fixing/upgrading.
Title: Re: Don't forget your taxes!
Post by: SirPeale on April 15, 2005, 06:37:40 pm
I wanted to use our return to pay off the car, or a chunk on the credit cards.  But it's going to be used to pay for rent and whatnot, since my wife's last day was today.  I'm now officially looking for a job.
Title: Re: Don't forget your taxes!
Post by: 2600 on April 15, 2005, 07:27:45 pm
I wish.  Mortgage, I'll agree but we had a boy this past year, and don't get anything back for him.

I'm guessing you're not a US resident?

Why would you guess that?  BTW, I am a US resident.
Title: Re: Don't forget your taxes!
Post by: ArcadeMaze on April 15, 2005, 07:38:34 pm
Mailed mine last week.
Title: Re: Don't forget your taxes!
Post by: Bones on April 15, 2005, 07:50:53 pm
Not trying to rub salt into any wounds, but in the US you only get awarded 2 weeks holiday per year, is this right?

So if you want to go overseas for 6 weeks you have to sacrifice holidays for three years for them to accumulate?

Australian programs is much better.
Title: Re: Don't forget your taxes!
Post by: missioncontrol on April 16, 2005, 08:57:42 pm
here's a good laugh..........

Internal Revenue Service
Department of the Treasury
Washington, D.C. 20001
March 09, 2005

RE: My Tax Remittance for 2004

Enclosed is my 2005 Form 1040, together with payment.  Please take note of the attached article from USA Today archives. In the article, you will note that the Pentagon paid $171.50 each for hammers and NASA paid $600 each for toilet seats.

Please find enclosed in this package four toilet seats (value $2,400) and six hammers (value $1,029). This is in payment for my total tax due of $3,429.

Out of a sense of patriotic duty, and to assist in the political purification of our government, I am also enclosing a 15" Phillips head screw, for which HUD duly recorded and approved a purchase value of $2,200, as my contribution to fulfill the Presidential Election Fund option on Form 1040.

It has been a pleasure to pay my taxes this year and I look forward to paying them again next year in accordance with officially established government values.

Sincerely,
Another satisfied American taxpayer
Title: Re: Don't forget your taxes!
Post by: jbox on April 18, 2005, 02:31:19 am
Quote
Australian programs is much better.  As you get a minimium of 4 weeks off and when you take a holiday, you get an extra 25% to you pay.  The increase is probably do to the fact it costs you a fortune to fly from Australian to else where in the world.
<d&g>Just wait until we get a law making AWA's compulsory come July. Stupid Democrats.  :'( </d&g>

And I would refuse to work at any job that didn't pay out holiday leave at the end of the term, otherwise you can almost guarentee they are going to try and short change you at the end. Last place I worked actually started getting nervous and told some of their older folk they couldn't *officially* quit until after they took an X-week leave first so that they could put the expense in a different column.  ::)
Title: Re: Don't forget your taxes!
Post by: paigeoliver on April 18, 2005, 03:43:47 am
Not trying to rub salt into any wounds, but in the US you only get awarded 2 weeks holiday per year, is this right?

So if you want to go overseas for 6 weeks you have to sacrifice holidays for three years for them to accumulate?

Australian programs is much better.  As you get a minimum of 4 weeks off and when you take a holiday, you get an extra 25% to you pay.  The increase is probably do to the fact it costs you a fortune to fly from Australian to else where in the world.

This is an interesting thought, I don't believe the extra cash we receive (which we call "leave loading") was introduced to subsidise air travel, but I am sure in many cases this loading does go towards travel. Being an Aussie it is more likely to end up at the pub! :)

I am quite fortunate to work for an employer who gives us the option of the standard 4 weeks holiday per year plus leave plus loading, or 5 weeks holiday per year without the extra cash. This is pretty rare.

There has been talk here recently of scrapping the leave loading, my last job did not have this but the extra 17.5% was incorporated into my yearly salary. This is starting to become commonplace.

Accumulating holidays is normally at the discretion of the employer. In my experience most don't mind as long as they have notice to plan around any prolong absence.

The extra week vacation vs. the extra 25 percent would make a lot of financial sense for some companies.

It wouldn't make any difference at a factory where you have to have someone at every position.

But in most office environments a missing person just means everyone else has to absorb more work. Thus the company saves money by giving the person an extra paid week leave vs. the extra 25 percent over 4 weeks.

I know the owner of my hotel absolutely loves to iniate hiring freezes on office/desk/van staff and just have the general manager pick up the slack until it gets to the point where that becomes impossible, at which point he lets her hire a few people and then iniates another freeze until it get rediculous again.

When I started at my current hotel we would always have 2 desk clerks, 2 van drivers and a manager on every shift except overnights. A few years later the owner sent his workaholic GM over, and now we have ONE desk clerk on each shift (on day shift this is the GM six days out of the week), no manager (except when the GM is filling a desk clerk spot, which she does 6 days a week), and one van driver.

Essentially he chopped a 5 person staff down to 2 people. He doesn't run the property that HE works at that way, but since he doesn't have to see this one he just runs it rediculously understaffed and saves the money. HIS property has 2 van drivers, 3 desk clerks, and a manager.  ;D

Title: Re: Don't forget your taxes!
Post by: namzep on April 19, 2005, 01:22:30 am
At my job, we get 14 annual leave (vacation days) and 12 holiday days per year.  On top of that, we also get 22 days of sick leave a year.  I love working for the state, sometimes.