On The Beat 2/23/16

Death and taxes, taxes, taxes!

By Jim Bucher

When tax time is looming, Benjamin Franklin’s famous quote about death and taxes is often mentioned. His “Nothing is certain except death and taxes” quote is one of the most enduring quotations from the inventor, politician, writer and founding father.

Me personally? Well, normally I receive a ‘refund,’ but not this year. Since I’m not a multi-million-dollar corporation who somehow gets away with owing nothing, Uncle Sam needs his money—or, rather, mine.

So, what are awesome Dayton City Paper readers planning to do with their windfall here at tax time (unless you owe)?

Well …

William writes, “I’m going to Florida!!” You have room for me?

Vicki, “Not getting any.” I’m in that boat too.

Linda gets a little back, but then pays it forward. “Pay my property tax.”

Jeff is helping fund the government. “I owe 5k!” Ouch!

Anne is buying a second home—in France, of course.

Carolyn Sue writes, “I normally get a refund. I haven’t heard back from my accountant yet. That being said, I have bills that I would like to be done paying on … AND my daughter will be a senior this fall. I need to put money back for senior pictures. Those are costly.” Amen on that.

Jimmy is “Helping kids with their student loans and Florida vacation.”

Wanda “Tries to put [hers] in my savings, that being said, it is not that much,”

I like Daniel’s plan, especially the latter: “Pay bills as usual, maybe order a pizza!”

Dan says, “Hey Jim, I have already received my tax return and unfortunately had a large amount of hospital bills that I paid off. Usually use my return to go to concerts throughout the year. Oh! Did spend some to get two-day tickets to tennis tournament in Cincinnati in August.” Ugh, hospital bills. Now that’s a racket!

Brian may be in trouble, “Taxes? People really pay those?”

Carol’s is gone, “Already back and spent … Paid a few things down.”

Deanna, I feel ya. “Get car fixed hopefully,” she says.

Dawn’s plan? “Vegas and money market account. 10/90 percent.”

Courtney is redecorating, “New furniture!”

Terry writes, “New washer, dryer and bills.”

Beth offers some advice, “’Tis better to owe than to get a refund. Those in the know recognize this.”

Marsha has a much greater plan, “As I sit at MVH in ICU looking at my dear sweet child on life support with pneumonia in both lungs, I want to do something real special for her. Just give me all the prayers they can send our way.” Marsha, done!

Sue has it all set, “Always make sure we never get a refund. We usually break even or owe a teensy bit. Long ago advice from an expert. It’s our money. We should have it making interest, not the government. Refunds mean we overpaid every month. Keep that amount drawing interest for you.”

Good advice, as is Tony’s. He says, “Jim, first of all, do not call it a refund. It’s your money to start with, you are getting back what is rightfully owed to you.”

You’re right, but it sure is nice to get a little windfall ’cause I’d spend it throughout the year.

Melissa is planning on, “A new car.”

Janean says, “Money put toward my new novel, ‘Jane’s Suitcase.’” Hmm, sounds like a plug to me.

“What’s a tax refund?” asks Peter. I feel ya.

Aimee writes, “I plan on using mine to invest in my home based business.”

Janet adds, “I haven’t filed yet but if I’m lucky, I might have enough to get a cheeseburger at a fast food place.” Two for $2 at McDonald’s. Just sayin.’”

Julie is, “Getting caught up on bills.”

Sharon, “Two new tires.”

Sheila, “Already back and spent on property taxes.”

Cathy bought a dryer and an iPod, the rest went to a vacation fund. Sounds like a great idea.

Edna, “I’ll probably hit up a Taco Bell.”

Cheryl is like a lot of us, “I haven’t even done my taxes yet but if I get anything back it will go towards debt and investing.”

Allen keeps a smile on his face, “I’ll get one after the loss claimed from foreclosure. It goes to the IRS debt I have. Life is good.”

Samantha is going for some baseball, “Dragons tickets!”

Kim takes a shot at our president, “I owe. Wonder what Obama is going to do with mine?”

Thanks for your responses guys. And if you don’t hear from me next week I’ll probably be in tax court.

Cheers and God Bless America!

Buch

For over 25 years, Jim Bucher has been a regionally known and loved local television icon. “Buch’s” followers describe him as trustworthy, fun, the guy next door, a friend and role model. You can promote your business with Buch and grab your customer’s attention! Reach DCP freelance writer Jim Bucher at JimBucher@DaytonCityPaper.com

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For over 25 years, Jim Bucher has been a regionally known and loved local television icon. “Buch’s” followers describe him as trustworthy, fun, the guy next door, a friend and role model. You can promote your business with Buch and grab your customer’s attention! Reach DCP freelance writer Jim Bucher at JimBucher@DaytonCityPaper.com.

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