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FORUMS Canon Cameras, Lenses & Accessories Canon EF and EF-S Lenses 
Thread started 08 Feb 2013 (Friday) 23:49
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What are you going to buy with your tax return?

 
Richie3888
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Feb 08, 2013 23:49 |  #1

I'm buying a 5d mark 2 and a 50mm 1.4.


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DantheCanonMan
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Feb 09, 2013 02:16 |  #2

Not to change the subject, but if you can affort to buy that stuff with your tax refund then you have your withholding all screwed up. Why let the government sit on your money for a year when you could be earning interest on it?




  
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losangelino
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Feb 09, 2013 02:31 |  #3

That's how i saved money when I first started working.



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interlopr
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Feb 09, 2013 04:41 |  #4

Probably grab another 5D3 :)


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TweakMDS
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Feb 09, 2013 05:39 |  #5

I get my tax returns on a monthly basis, so not too much :p

However, I am getting a small bonus over 2012 and considering selling either my 5D + 40D to get a 5DIII, but I might keep one and get a used 5DII.


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LowriderS10
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Feb 09, 2013 06:16 |  #6

A bottle of pop!!!! (My tax return this year is roughly the equivalent of $2 hahaha).


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JeffreyG
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Feb 09, 2013 06:18 |  #7

I'm with Lowrider, my federal refund is exactly $2 as planned. So I can get two bottles of pop I guess.


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trx125
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Feb 09, 2013 07:20 |  #8

I could buy me a 5DIII with my tax return after saving it for about the next 10-15 years. :)


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Bryan ­ Conner
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Feb 09, 2013 07:34 |  #9

I agree, the government wants to use your money interest free all year. It is much smarter to get nothing back, or even pay a little instead of getting a refund.




  
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Hogloff
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Feb 09, 2013 07:51 |  #10
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DantheCanonMan wrote in post #15589857 (external link)
Not to change the subject, but if you can affort to buy that stuff with your tax refund then you have your withholding all screwed up. Why let the government sit on your money for a year when you could be earning interest on it?

Exactly right. I love owing the Gov come tax time. That means I had their money for a year.




  
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DiMAn0684
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Feb 09, 2013 08:02 |  #11

Richie3888 wrote in post #15589614 (external link)
I'm buying a 5d mark 2 and a 50mm 1.4.

pretty sure I'll owe enough in taxes to cover the cost of those two items.


Canon 5D MkII | Canon 16-35mm f/4 | Canon 50mm f/1.8 STM | Canon 24-105mm f/4 | Tamron 70-300mm VC | Canon 430EX II | Benro A2682TB1

  
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2cruise
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Feb 09, 2013 08:07 as a reply to  @ Hogloff's post |  #12

What little I'm getting is going towards a trip out west again this year. Starting in Salt Lake heading north to Yellowstone, the Tetons, Glacier, up into Canada back over to Wa, Or and down the Cali coast to San Fran then flying back home. Gonna need a lot of film for this one :)


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mileslong24
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Feb 09, 2013 08:08 |  #13

DantheCanonMan wrote in post #15589857 (external link)
Not to change the subject, but if you can affort to buy that stuff with your tax refund then you have your withholding all screwed up. Why let the government sit on your money for a year when you could be earning interest on it?

Who is actually earning interest these days?




  
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JeffreyG
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Feb 09, 2013 08:30 |  #14

mileslong24 wrote in post #15590344 (external link)
Who is actually earning interest these days?

True enough. The old can canard "Don't give the government an interest free loan" kind of loses it's punch when Fed rates are zero.

And to keep this photography relevant, I suppose it's fine for people who struggle with the willpower to save to use tax witholding as a form of forced savings. It's just like people who lack the willpower to think about perspective when composing a picture who use nothing but primes to literally force them to move their feet.

Planned savings using interest bearing vehicles beats excess tax witholding, but only if you are actually going to follow through and save. Achieving your vision for perspective and composition is also most easily done with zoom lenses, but only if you are actually going to move your feet and not stand there like a dolt whilst cranking the zoom ring.


My personal stuff:http://www.flickr.com/​photos/jngirbach/sets/ (external link)
I use a Canon 5DIII and a Sony A7rIII

  
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gjl711
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Feb 09, 2013 08:43 |  #15

DiMAn0684 wrote in post #15590325 (external link)
pretty sure I'll owe enough in taxes to cover the cost of those two items.

same here. I generally plan on owing about the max I can before any penalty kicks in. I know they need my money but I want to hold on to it as long as possible.


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I used to hate math but then I realised decimals have a point.
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What are you going to buy with your tax return?
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