In the United States of America, we pay taxes every single day. On the money we make, on the money we spend, on everything, just about. These taxes pay for our roadways. They pay for our city ordinances and libraries and public schools. They pay for the indigent health care that is the only health care I currently have. These taxes give disability payments to those who cannot work and welfare payments to those who can’t find work. These taxes give food to those who cannot buy their own.
In short, these taxes help save lives. A lot of people disagree. A lot of people feel we pay way too many taxes. To these people, I ask, what do you expect? What can be done without money these days, and where is the government meant to get that money without our support as citizens. You don’t complain about the tax money when it comes to the properly-paved roads, only when there are holes in them. You don’t complain about the libraries that provide the homeless with places to be during the day, until they close down and the homeless stand on your street corners. You don’t complain about law enforcement, until they’ve pulled you over. To the people who complain about taxes, I say this:
When you check our a book at the library, you’re asked to return it on time, correct? And when you don’t you pay a fee. That fee then goes to the librarians salaries. The librarians who help you find and check out books. That fee goes to the lease on the property that library sits on. That fee goes to purchasing new books. That fee goes to holding classes for those too poor to attend college. That fee is useful. So I never complain about paying the fee on a book I kept out too long. After all, if I didn’t want to pay the fee, I just wouldn’t use the service, would I? Taxes are just like that. If you don’t want to pay the taxes, move somewhere else.
The bright side to taxes comes down to this, however. And this bright side is Tax Returns.
So basically, the idea is, you pay exactly your fair share in taxes. Sometimes, however, because of the way the system is set up, you accidentally over pay! So, the government, after you file your taxes, and they double check their math, sends you a check with your tax returns!
It’s a little like hitting the lottery. I knew a family that when they filed their combined taxes, they got a return of $3000 dollars. My best friend got a return of around $1500. I’m getting close to $1200 dollars back this year. Last year, I only got about $500 dollars back. But what do you do, when you have a ton of money coming to you in one lump sum?
Some people, like a girl I know from work, payed off her credit card debt, and then bought a $300 purse. My best friend paid her son’s tuition for his school, and then bought her husband a giant tv. (and gave me the smaller one! Yay!) I know one friend who is planning to save it until Comicon in the summer, and spend it there. So what’s the right strategy when it comes to using your tax return?
Personally, I intend to make sure my tax return works for me this year. I don’t want to fritter it away on purses or food or anything like that. I really want to make sure I spend this money wisely. So I consulted some articles. Some, like Money Crasher’s article, were filled with a few good ideas, but mostly bland options. Others, like TurboTax’s article, are filled with more whimsical ideas. Personally, I like the idea of funding a business.
For almost a year, I have been considering starting an Apiary. Often, with a $500 start up cost, you can get a decent 3-4 hive Apiary going. Enough to supply honey for a small shop. I’m thinking of it as a great way to make sure I have revenue coming in in the future. A second blade, if you will, were I to use terms from Assassination Classroom. It would be difficult, of course, to run a business, work full time AND attend College. Which is what my plans are for this year. However, it’s going to be worth it.
My other plan is glasses. My own are wearing down, and I can barely see. Glasses, when one doesn’t have insurance, generally cost anywhere from $500 to $1200, depending on your perscription and the frames you chose. I may just ask them to reuse my frames.
In general, however, this is how it always goes. I pledge to myself I will spend my return wisely, and then it’s gone before I know it. Hopefully, this year, my return season goes better than last, and hopefully, yours too. Tell us what you plan on spending your tax return on in the comments! If you live in a country that doesn’t do tax returns, tell us how your tax system works! I’m very curious.