Re: wishlist for tax returns
 

a pair of 24.5" M&H slicks, and some DSS stage 2 axles

Re: wishlist for tax returns
 

just ordered a upgraded ex housing for my turbo from blaast.. 44mm tial wastegate and a new top mount turbo manifold :6

Re: wishlist for tax returns
 

New -----.

Re: wishlist for tax returns
 

damn me and the wife are only getting back like $2k. Together we made like 110k last year. UGHGHGH. :1

Re: wishlist for tax returns
 

I dont know why you guys are all excited about getting a tax return. Its not a good thing, financially. Its so much better to break even for the year, or even owe a very small amount. You just gave the Govt. an interest free loan whereas if you claimed less and took more of your money out of your paycheck for the year you could have deposited the difference into a money market and earned at least 3%. So for the year, lets say you overpayed your taxes by 1200$ (the amt of your return). Thats $100/mo that could have been earning interest. Compounded monthly @ 3% (as my MM is set up) thats 1318.32 for the year, thats a difference of free 120$ for money that you weren't using anyway. Granted it'd be even more if the interest rate was higher such as if you placed the money in a mutual fund (less liquid than MM but higher yield) or if you're return was higher (overpaying by more, increasing monthly principal).

You guys can check my math of course, but it should be right, remember you're adding $100 to the principal each month. Interest = Principal x Rate x time. M1 [100 x.03 x1 = 103]. M2 [(103+100) x.03 x 1 = 6.09] M3 [(203+100+6.09) x.03 x 1 = 9.27] M3..., M11,... etc.

My stimulus check I will probably put towards car insurance, figure I pay insurance every 6 months, lock it up earning some sort of interest for a year. Pay the first 6 months out of pocket, the next term will be paid for plus a little extra spending cash from the interest.

Re: wishlist for tax returns
 

fysh is exactly right.

The thing is, there will ALWAYS be people (the majority I'd say) that want to get that check every year. You can explain to them what fysh just said, and their response will still be "Yea but I just got a check for $1500, it really helps!" Even some people that get it still prefer to get a nice big check.

BTW, when are we supposed to get this stimulus check?

Re: wishlist for tax returns
 

I hope that comes soon also cause were getting 1800 back.

Re: wishlist for tax returns
 

looks like may is the magic month for the stimulus check

Re: wishlist for tax returns
 

to4b and ------- 550s for the sol

Re: wishlist for tax returns
 

that ------- bullshit stimulus check sucks....i wont get ----. i had to get help from my mom with paying tuition last semester...around 5k. so in return i let her claim me as a dependant....because of that im exempt from the checks...you guys better check the fine print before you plan on getting those