Tax Returns Gun Prices ++ Up

Mark_Mark said:
.04 = $1000 … I thought we paid a lot in taxes
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more like $250 ( 1000 rds of 9 mm blazer or a holosun 407c) or so but after the accountant corrected the mistake i pointed out, between state and federal i owe net $34. i just made a mistake of using the wrong tax table from the state otherwise i did my estimated taxes correctly. my first full year of doing so. i feel like i aced a test.
 
roval said:
more like $250 ( 1000 rds of 9 mm blazer or a holosun 407c) or so but after the accountant corrected the mistake i pointed out, between state and federal i owe net $34. i just made a mistake of using the wrong tax table from the state otherwise i did my estimated taxes correctly. my first full year of doing so. i feel like i aced a test.
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that’s still $625,000 in taxes!
 
Mark_Mark said:
that’s still $625,000 in taxes!
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my mistake it was about 0.5% you have an extra decimal place there but as i mentioned after the accountants mistake was corrected there is practically nothing except for $34 i owe.
non firearm related but i am being aggressive with roth conversions in my early retirement more so in '24 and '25 before taxes change to minimize my rmds later. if you don't know what those are you will when you get closer to retirement. the taxes generated by what i am living on are a smaller portion of that. my liquidation of assets to pay the taxes on the conversions generate gains that i also have to pay taxes on. hey can't complain i retired before my 55th birthday.
to keep this shooting related. i actually was shooting more when i was working. primers were easy to get and shooting was a good stress reliever. at least now primers are available even if they are more expensive so i should shoot more again.
 
roval said:
my mistake it was about 0.5% you have an extra decimal place there but as i mentioned after the accountants mistake was corrected there is practically nothing except for $34 i owe.
non firearm related but i am being aggressive with roth conversions in my early retirement more so in '24 and '25 before taxes change to minimize my rmds later. if you don't know what those are you will when you get closer to retirement. the taxes generated by what i am living on are a smaller portion of that. my liquidation of assets to pay the taxes on the conversions generate gains that i also have to pay taxes on. hey can't complain i retired before my 55th birthday.
to keep this shooting related. i actually was shooting more when i was working. primers were easy to get and shooting was a good stress reliever. at least now primers are available even if they are more expensive so i should shoot more again.
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well! I bought a Colt Blue Python, didn’t thinking anything was available, but was just looking at the wrong shops
 
Mark_Mark said:
You know it’s tax return time when guns are flying off the shelves.

A few of my “One the list” are GONE. Nickel SAA New Frontier, I’m talking to you!

What are you guys buying with your Tax Return???
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Nuttin'. Can't get to the range to shoot what I already own. I will probably use my return to pay this year's medical out of pocket expense for the bionic hip I'm getting next month. I will have to learn to both walk and shoot again. I'm starting pre-op therapy next week and can hardly wait. ;) It's going to be unpleasant I am pretty certain. The 4 previous times I have had the pleasure it ran from unpleasant to excruiating but was certainly worth the effort when finished.
 
cfullgraf said:
I have not gotten a tax refund in decades so no tax refund funded goodies for me.
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NIGHTLORD40K said:
First time I've owed in over 20 years....😠
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Living on SS, I haven't had a "federal liability" for over 7 years, just to the state of IL-ANNOY.
Unfortunately, the loss of a family member last fall has reversed that trend and we're going to get screwed this year and maybe even next. We just won't know about next year until next year. o_O :fire:
 
JTHunter said:
That is NOT being a sucker as, if you can apply that extra payment to principal only, that will save how much less interest you end up paying overall.
THEN, you'll have the funds to "play". :evil:
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earlthegoat2 said:
That was thoroughly tongue in cheek on my part.

We are 12 years in on a 30 year mortgage with 1.5 years to go.
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As I posted earlier. I guess I need to add an emoji.
 
roval said:
my mistake it was about 0.5% you have an extra decimal place there but as i mentioned after the accountants mistake was corrected there is practically nothing except for $34 i owe.
non firearm related but i am being aggressive with roth conversions in my early retirement more so in '24 and '25 before taxes change to minimize my rmds later. if you don't know what those are you will when you get closer to retirement. the taxes generated by what i am living on are a smaller portion of that. my liquidation of assets to pay the taxes on the conversions generate gains that i also have to pay taxes on. hey can't complain i retired before my 55th birthday.
to keep this shooting related. i actually was shooting more when i was working. primers were easy to get and shooting was a good stress reliever. at least now primers are available even if they are more expensive so i should shoot more again.
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I shot more metallic before I retired, sometimes three or four times a week on the way home from third shift as my club was only slight deviation. Wife worked first kids were in college. Postal matches, cast bullets, home brew slugs, I put a ton of metal in our 100 yard berm.
Miss it but when Child bride get the pins out of her foot I can start again.
 
earlthegoat2 said:
And here I am with a nice return this year, paying off my mortgage like a sucker. ;)
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No "sucker"at all. Think of the cash left in your account because you do niot have a mortgage to pay.

I paid off my mortgage 20 years ago. It allowed me to pay of all my other debt and go racing sports cars.
 
Mark_Mark said:
Yes, if you want to hide money from your wife, over pay taxes a bit and will be rewarded with several new guns!
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If you file jointly she will know. She has to sign all the forms too.

Unlike some or maybe many I have never had to hide a gun purchase from my wife and she has encouraged me on some. She has spent about as much over the years on her quilting hobby and kitchen gadgets as I have guns. Things have slowed down, There is no room left for another gun safe, her sewing room is stacked and packed, and the kitchen cabinets are full.

I once drove close to 700 miles for her to buy a sewing machine. When she decided to trade it in for one with more features a few years later I drove close to 500 miles for it. No grumbling, no growling. We could afford it without using a loan so it was OK.
 
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I had to pass on one of my lusted after guns last month, since I won't be getting anything back much from Ohio, and my fed tax will be pretty high this year, so no April toys for me this year. I'm a sucker for satin nickel/SS, and a friend of a friend had a Sig P226 in SN, and I wanted it bad.
 
No free loans to the government. I haven’t gotten money back in years. With the money I will pay them in a few weeks, I could get more than a few firearms.
 
Mark_Mark said:
Yes, if you want to hide money from your wife, over pay taxes a bit and will be rewarded with several new guns!
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My wife and I share access to all our bank accounts and credit card accounts. We both contribute to household bills and discuss any major investment whether it be in home improvement or toys. If not a major investment we don't care what the other is getting because we have both proved to be responsible. Thus, I see no reason at all to hide anything from her. My wife and her happiness, is more important to me, than any gun.
 
Mark_Mark said:
You know it’s tax return time when guns are flying off the shelves.

A few of my “One the list” are GONE. Nickel SAA New Frontier, I’m talking to you!

What are you guys buying with your Tax Return???
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Tax return? You mean that you get money back 🤣🤣🤣
I still have a few guns on the wish list and now after paying my tax bill, I have a little bit left👍
 
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