Welp.

"Satoshi "Zipang" Katsura" (sundowne36)
02/05/2020 at 21:13 • Filed to: None

My naivety cost me a pretty good tax return. Thanks to me being stupid about Doordash, the return went from $1,318 to $69, if that’s not a massive middle finger.

An R32 for your time.

DISCUSSION (21)

SmugAardvark > Satoshi "Zipang" Katsura
02/05/2020 at 21:15

Driving for DoorDash, or buying too much delivery food ?

GoodIdeaAtTheTime > Satoshi "Zipang" Katsura
02/05/2020 at 21:20

Dont feel bad, I owe $2800 this year.

WRXforScience > Satoshi "Zipang" Katsura
02/05/2020 at 21:51

I always keep my withholdings as low as possible so I always pay. I don’t have to worry about someone stealing my return and I get to have the money as soon as I make it instead of having to wait until February/March of the next year to get it back.

Also, please elaborate on the DoorDash thing. Inquiring minds want to know.

Satoshi "Zipang" Katsura > SmugAardvark
02/05/2020 at 21:54

Drive, I'm afraid.

Satoshi "Zipang" Katsura > GoodIdeaAtTheTime
02/05/2020 at 21:54

.... ow.

f86sabre > Satoshi "Zipang" Katsura
02/05/2020 at 21:58

Did you donate any house hold foods to charity...are you sure? Those deductions add up quick...

BeaterGT > Satoshi "Zipang" Katsura
02/05/2020 at 22:01

Self employment taxes?

By some divine blessing, because I left my job on October 1st and not September 31st, I avoided ~ $300 in tax penalties. Hooray for the 1-day rule!

415s30 W123TSXWaggoIIIIIIo ( •_•))°) > Satoshi "Zipang" Katsura
02/05/2020 at 22:09

I never get a return, I always pay at least a grand. We need to get Amazon and billionaires to pay their fair share.

Junkrat aka Rick Sanchez: Fury Road Edition > Satoshi "Zipang" Katsura
02/05/2020 at 22:26

Just have two kids like me and get that sweet earned income credit. You too can get back $6k.

*Don’t have two kids, unless you really want them, just for the tax breaks they are really expensive.

For Sweden > Junkrat aka Rick Sanchez: Fury Road Edition
02/05/2020 at 22:41

If you join the Yang Gang you get back $12k

jminer > Satoshi "Zipang" Katsura
02/05/2020 at 23:34

The gig economy is awesome right? Get paid a pittance while covering all costs, taxes and misc - welcome to the new world!

I do hope that soon all of these companies like Uber that lose so much money to *Disrupt* an industry and fuck over everything start to actually fail and this trend stops.

SmugAardvark > Satoshi "Zipang" Katsura
02/06/2020 at 00:29

Ah, that makes sense. Sucks though.

Long_Voyager94 > 415s30 W123TSXWaggoIIIIIIo ( •_•))°)
02/06/2020 at 07:06

What are you filing if you don’t mind me asking?

Long_Voyager94 > WRXforScience
02/06/2020 at 07:09

I used to think that until I had to pay in one year. Then we looked into it, the difference between filing 10 and filing 0 was less than $5 a week in my pocket.

It was also the difference between a $4k return and having to pay $800. I opted to go back to filing 0. Getting $4k that I can save/invest/keep for buffer seemed much more sensible than an extra $260 in my pocket over the course of the year.

Long_Voyager94 > GoodIdeaAtTheTime
02/06/2020 at 07:10

How though?

GoodIdeaAtTheTime > Long_Voyager94
02/06/2020 at 08:47

Capital gains, I guess . Apparently a few long term stocks and “day trading” cryptocurrencies made me some money last year.

WRXforScience > Long_Voyager94
02/06/2020 at 09:57

You end up with the same amount of money, the only difference is when and how you get it. If you aren’t using or investing the money than you don’t really lose anything from the government holding onto the money (interest free) for most of a year; however, if you do anything with the money you come out ahead keeping it yourself.

I typically pay less $1000, I know I’ll have to and plan/budget accordingly. If my tax burden were higher, I’d probably withhold more (ideally with the goal of a $0 return).

Long_Voyager94 > WRXforScience
02/06/2020 at 10:00

$260 in my pocket over the course of the year while paying in $800 at the beginning isn’t the same amount of money as getting $4k at the beginning?

Sampsonite24-Earth's Least Likeliest Hero > Satoshi "Zipang" Katsura
02/06/2020 at 10:35

so how does that work? just didnt put money a side to send to the feds?

415s30 W123TSXWaggoIIIIIIo ( •_•))°) > Long_Voyager94
02/06/2020 at 12:56

I’m not really an expert, I have an accountant, we don’t have kids and we don’t own the place we live in. My wife and I file together.

Long_Voyager94 > 415s30 W123TSXWaggoIIIIIIo ( •_•))°)
02/06/2020 at 16:01

I file 0 since the year I had to pay in. Ever since I’ve always gotten at least $2500 back.