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r/povertyfinance talking about their $10k refunds

https://old.reddit.com/r/povertyfinance/comments/13g4d0n/paycheck_to_paycheck_we_got_tax_return_10k

								

								

$350 shoes, multiple video games, out to eat a few times, Lego sets, $100 at the candy store, clothes.

This is what the OPs husband spent it on

I live in Texas (no state tax), have 2 kids, and make about 40k a year. I don't claim any exceptions for payroll taxes so my tax returns are usually 10-12k after the earned income credit.

Why wouldn’t you adjust your withholding rate ?

Because I prefer to get a lump sum of money once per year than extra income each month. I take that money and I put half into an emergency fund and the other half goes into an account for my kids that I use to pay for summer camp, field trips, extra curriculars, Christmas & bday presents, etc.

Why yes waiting a year to get 25% of my income makes sense.

By not planning properly. They are making mistakes all over the financial board most likely

-2

One MacBook pro. My wife and I bought two of them this year... Quick way to blow $6k

You see a lot of weird comments like this in a sub talking about poverty. Bunch of responses justifying Apple product after.

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>Because I prefer to get a lump sum of money once per year than extra income each month. I take that money and I put half into an emergency fund and the other half goes into an account for my kids that I use to pay for summer camp, field trips, extra curriculars, Christmas & bday presents, etc.

This is why some people will always be "poor", even if their income goes up. They just can't imagine putting away money each month.

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Imagine not having enough money so that you can wait 'til tax time for your refund, instead of constantly stressing each month you're putting away enough to pay the taxman on the 15th :marseysmug3:

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Imagine not owing taxes at the end of the year. Think I owed like $20k this year and I didn’t have to stress and save each month to cover the bill.

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NOOOO TAXATION IS THEFTERINO I CAN BARELY PAY MY WIFES BULL AND NOW I HAVE TO PAY THE GOVERNMENT REEEEEEE

:#soycry:

What a great year, got a new grill, another zero on the bank account, and a hefty payout from the feds. Heh, it’s porterhouse power hours this weekend

:#marseygrilling2:

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and a hefty payout from the feds.

It's not a payout, its your own money they were holding onto interest free.

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Owe? You dont owe them shit homie its theft πŸ˜”

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They’re a bunch of thugs and will get their money one way or another. I’d rather hand it over than get shot by an IRS agent.

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I use the treasury department as my piggy bank :#marseyclueless:

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Boy I sure do love giving the government interest free loans with my money!

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Unironically crabs in a bucket

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>One MacBook pro. my wife (male) and I bought two of them this year... Quick way to blow $6k

Why on earth do low income normies need a 3k laptop? I’m an extremely overpaid SWE and a high end work laptop for me is like 1.5k at most, and I’m still using the one I bought 7 years ago with zero issues. Even the gaming rig I use for VR sim racing only cost me around 2.5k to build, and it’s an absolute monster. How do people like this justify blowing 10% of their income on a fricking MacBook?

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um

shiny

:marseysoypoint!#::mars#eylaptop:

also its an investment sweaty don't you know you cant even find a job in today's market without a computer :marseyseethe:

so its basically a business expense :#marseybardfinnsbiggestenjoyer:

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:siren:BARD BOT ALERT!:siren: Reset the counter! Current counter was: 0 days 00 hours 14 minutes and 55 seconds

Record is 1 days 10 hours 08 minutes and 36 seconds by beamrifle

longest streak broken in the last 7 days was MuslimTwo which was 1 days 09 hours 39 minutes and 00 seconds

β–ˆβ–ˆβ–ˆβ–ˆβ–ˆ          9  05-08
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Best friend is ACA with 208 mentions

rdrama is currently running at 169.753 Β΅Bardyhertz with 3949 total mentions since 2022-09-24

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There's a lot of poverty tourism in these subs where posters act like they're one of them because they're not actual billionaires. The type that respond to those "x% people say they are living paycheck to paycheck" and go "well I live paycheck to paycheck I have it set to automatically invest $5k a month so I never see the money".

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You were put down, in the future please refrain from discussing subjects you have no education in.

Snapshots:

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