If you have received a tax return for three straight years, I would suggest spending a bit of time and recalculate your tax deductions. Letting the government use your money without paying you interest (which is exactly what you are doing by overpaying taxes during the year) is not good financial managment.
Nice collection though! Enjoy the machines.
Congrats! I'm basically doing the same thing.
And, believe it or not, sometimes you can get a refund even if you max out on your deductions.
Quoted from amalongi:If you have received a tax return for three straight years, I would suggest spending a bit of time and recalculate your tax deductions. Letting the government use your money without paying you interest (which is exactly what you are doing by overpaying taxes during the year) is not good financial managment.
Nice collection though! Enjoy the machines.
Congrats vster, always nice to get a new game.
Do not take amalongi's advice, here is my recommendation...I would suggest you spend a bit of time playing your new addition.
Don't be too hard on amalongi, technically he's right. But for some people, letting the money pool somewhere inaccessible at least means you get a big chunk you would have trickled away had it been in your own control.
Bottom line, if it's getting you a new pin every year, I like your system!
Quoted from vster23:For the 3rd year in a row I got a new used pin with part of my tax return!
If your getting that much back on your return, you should reduce your withholdings and you can get your pin sooner. No sense Uncle Sam earning interest off your money!
With interest rates at 1% and lower, this advice, while still valid, really isn't a big deal these days.
Quoted from johninc:With interest rates at 1% and lower, this advice, while still valid, really isn't a big deal these days.
True, but at the rate pins are appreciating these days, the sooner you have the cash available to buy one, the better.
Quoted from amalongi:If you have received a tax return for three straight years, I would suggest spending a bit of time and recalculate your tax deductions. Letting the government use your money without paying you interest (which is exactly what you are doing by overpaying taxes during the year) is not good financial managment.
Nice collection though! Enjoy the machines.
I always receive a tax return.
If you know anything about money management, you would know that this is a smart thing.
I always put it back into my portfolio. However, there is nothing wrong with rewarding yourself from time to time.
Quoted from amalongi:If you have received a tax return for three straight years, I would suggest spending a bit of time and recalculate your tax deductions. Letting the government use your money without paying you interest (which is exactly what you are doing by overpaying taxes during the year) is not good financial managment.
Nice collection though! Enjoy the machines.
While quite true, it's not all bad...a forced savings account without interest. You could do better yes, but if you're not good with saving money, it's one way to do it.
Quoted from Magic_Mike:I always recieve a tax return.
Quoted from Magic_Mike:you would know that this is a smart thing.
Please explain to us money dummies what is smart about letting somebody else hold on to our cash for over a year.
Congratulations, vstr! I can't think of a better way to spend a tax return. Time Machine is a really fun game. Enjoy!
Quoted from amalongi:I would suggest spending a bit of time and recalculate your tax deductions. Letting the government use your money without paying you interest (which is exactly what you are doing by overpaying taxes during the year) is not good financial managment.
This is important because the gov taxes you on your refund you get which is total bs.
Quoted from o-din:Please explain to us money dummies what is smart about letting somebody else hold on to our cash for over a year.
Unless you keep all of your money in a shoebox under your bed, you're already doing it.
Quoted from Magic_Mike:Unless you keep all of your money in a shoebox under your bed, you're already doing it.
I guess I need to find a new hiding place.
At least in a bank you can get to it at any time!
Quoted from o-din:Please explain to us money dummies what is smart about letting somebody else hold on to our cash for over a year.
You have no idea what his tax situation is maybe he has diversified invesments, maybe he works a job where overtime fluctuates, maybe he is a buisness owner and needs to pay taxes quarterly, maybe he just likes getting a bit of a windfall once a year. Its not like he bought a fully restored MM, he bought what looks like a solid mid level machine that was not a huge budget buster. Regardless you still had to make a comment.
Quoted from DaveD:Regardless you still had to make a comment.
Everybody's situation is different. I just saw no sense in overwithholding years ago.
Quoted from o-din:Please explain to us money dummies what is smart about letting somebody else hold on to our cash for over a year.
Do you have WOZ on pre-order. LOL me too. Guess we all do something wrong with our money.
Only the wait I am reffering to.
Quoted from Shoot_Again:Do you have WOZ on pre-order.
At least you didn't buy into that MM remake scam 10 years ago.
And no I didn't order WOZ. I don't mind actually playing a machine before I buy it. My newest pin is 15 years old and has been played by many. Which suits me just fine.
congrats on the new addition. if i have to do my taxes, i want money back dammit!!!!! enjoy the time machine
Quoted from o-din:Everybody's situation is different. I just saw no sense in overwithholding years ago.
How about under withholding and have uncle Sam tell you hey you overstepped your bounds on withholding our money then getting to do taxes four times a year? Not to mention if you use an accountant you get to pay him about quadruple. If that turns out to be the situation you may be pi$$ing a couple of time machines up a fence. Once again don't know his situation or yours but like you said.
Quoted from o-din:Everybody's situation is different.
Quoted from DaveD:Not to mention if you use an accountant you get to pay him about quadruple.
If you can afford an accountant, then money is no object. You can owe $1000 and pay by April 15 the following year with no penalty and enjoy your pins NOW!
What's a tax return? Do you mean the government actually gives back money to the hard working people of this country? They only seem to take more money from me, more and more every year.
But, congrats and keep buying pins.
Quoted from amalongi:If you have received a tax return for three straight years, I would suggest spending a bit of time and recalculate your tax deductions. Letting the government use your money without paying you interest (which is exactly what you are doing by overpaying taxes during the year) is not good financial managment.
Nice collection though! Enjoy the machines.
But if you owe money, you have penalities, at least I did, once (and hopefully never again)!
Quoted from ZEN:in Des Moines I set mine up in the hotel room
Lol! That's dedication.
Quoted from ZEN:in Des Moines I set mine up in the hotel room,
Well, Zen, that was very selfish of you. You could have set it up at my house!
Quoted from The_Gorilla:Well, Zen, that was very selfish of you. You could have set it up at my house!
I wish I knew more of you Iowa guys and I would have called.., I pass through a lot, Played a lot of pinball in your town...!! Time Machine is an excelent title, with a lot to offer for the pricetag, not to mention, the sounds this game puts out, so great..!
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