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Tax return Guns...

Discussion in 'General Firearm Discussion' started by JeremyK, Jan 25, 2014.

  1. JeremyK

    JeremyK Milwaukie Professional BA

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    So how about it? Anyone getting anything goes bang with the tax return? I've had my eye on a CZ-75, and I'm going to try to piece together another "franken-rifle" AR-15. Anybody else?
     
  2. Classic

    Classic Federal Way WA Well-Known Member

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    I'm more than likely going to end up donating to them....................:(
     
  3. Caveman Jim

    Caveman Jim West of Oly Springer Slayer 2016 Volunteer

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    I'm likely to acquire an AR 10 this year.
     
  4. The Heretic

    The Heretic Oregon Well-Known Member

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    No.

    Going to save what I get, less than $1K, to go for 2014 taxes. I am probably going to have at least some capital gains to pay, possibly quite a bit. Plus we are going to repave the private road I live on and I am thinking I want to pave my driveway and do some landscaping.

    I tend to sell guns I don't really need to buy guns I want. I have owned this one for 5 years or so and haven't shot it yet because it needs a scope and I decided to sell it instead:

    http://www.northwestfirearms.com/ri...ite-ar-50-single-shot-50-bmg-rifle-$3000.html

    I am thinking that instead of buying more guns I want to do some improvements I have been planning on. Like porting my 329PD, having my Marlin .45-70 worked over, getting some optics/etc. - that kind of stuff.
     
  5. ZA_Survivalist

    ZA_Survivalist Oregon AK's all day.

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    Apparently the government thinks Im in that $250000 tax bracket
    (to which Im very very far from) thus I claim zero, give them an interest free loan and get nothing if not pennies back.

    However! If I do get anything back Im going to purchase (or apply to a purchase) yet another AK or an AR10 or a yugo m92 or AR pistol..
    Or mags, as many as I possibly can as well as ammo.
     
  6. Sgt Nambu

    Sgt Nambu Oregon Bronze Supporter Bronze Supporter

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    Maybe, I don't own a 9mm now. Might pick up one.
     
  7. samuelm16

    samuelm16 se pdx Well-Known Member

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    Pay off a credit card and if theres any left a pocket pistol a lower and some 7.62x39 ar mags for my next build
     
  8. Mark W.

    Mark W. Silverton, OR Bronze Supporter Bronze Supporter

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    Two new living rm chairs and most likely a dishwasher. If anything after that Ill see what I can afford from my want list been thinking on a Henry H001TM lever action octagon barrel 22 mag
     
  9. sb1911

    sb1911 Keizer Oregon New Member

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    Pay off bills and at least end up with an AK. I really want a DPMS SASS.308.
     
    sterzenbach and (deleted member) like this.
  10. drew

    drew OR Well-Known Member

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    I'm looking at submitting a couple form-1s after I get some money back.
     
  11. Nwcid

    Nwcid Yakima and N of Spokane Well-Known Member

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    Nope. Paying off my motorcycle. Took out a 4 year note on it with plans to pay it off in less then 2. I hit that goal just fine. The less bills the better. Then I can put that extra money each month away for guns or other toys. Also pay less interest to the bank.
     
  12. orygun

    orygun West Linn Bronze Supporter Bronze Supporter

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    This is the first year since I quit my long term Job in 2011 that I won't likely have to pay them from the "fall out" of taking my own money out of my 401k. But since the same POS corporation laid off my wife one week before Christmas, if I get anything back I'm going to stash it.
     
  13. F2CMaDMaXX

    F2CMaDMaXX West of Portland from England Bullet goes where now? Staff Member Bronze Supporter 2015 Volunteer 2016 Volunteer

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    Hmm, if i get enough back, i'm thinking GP100, 6 inch, stainless :)

    Otherwise, there are always things like loans to pay off :(
     
  14. Bigbaddude

    Bigbaddude West linn Oregon Bronze Supporter Bronze Supporter

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    I am thinking about picking up a Marlin Model 39 if I can find one at a decent price.
     
  15. Modeler

    Modeler Molalla, Oregon Soccer Fan

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    Anything we get back will go to pay off debt so I can quit the high paying job I hate and take a lower paying job I enjoy.
     
    orygun, sailorfej, Nwcid and 3 others like this.
  16. F2CMaDMaXX

    F2CMaDMaXX West of Portland from England Bullet goes where now? Staff Member Bronze Supporter 2015 Volunteer 2016 Volunteer

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    The Dave Ramsey way, and i can't fault you for it.
     
    cwegga and (deleted member) like this.
  17. misplacedtexan

    misplacedtexan Beaverton, OR Active Member

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    I owed more state than I got back from federal.....
     
  18. orygun

    orygun West Linn Bronze Supporter Bronze Supporter

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    It was worth it to me. Hope it works out the same for you.
     
  19. The Heretic

    The Heretic Oregon Well-Known Member

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    Wise choice.

    The best thing I ever did was start to pay off my debt about 15 years ago.

    It took me a while, but it was worth it.

    It is incredibly freeing and it makes any subsequent purchases with saved up cash that much less expensive because you are not paying interest.

    Being debt free, along with low cost of living, got me through a number of periods of unemployment with ease.

    The only debt I have right now is my mortgage, and the interest I pay on that (substantial) is tax deductible. In my tax bracket, it is cheaper to have a mortgage, even with property taxes, than it is to rent the same property - plus the fact that right now the property is theoretically appreciating faster than I can pay down the principal.

    I don't need a tax refund to buy guns - I can pretty much buy whatever guns I want. But I want to keep reserve cash on hand, that having been very handy a number of times. I am old enough now that I can access all of my retirement funds without penalty - but I would then have to pay taxes on any withdrawals at my current tax rate, so I am leaving that for full on emergencies, preferably for retirement when I will be in a lower tax bracket (I calculate that if I do it right my taxes after retirement will be very low since my taxable income will be minimal).
     
  20. H2O MAN

    H2O MAN Georgia - USA Well-Known Member

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    Tax refund?
    Those still exist?
    I haven't gotten any of my money back for the last 20+ years.

    If you must spend what they return to you, spend it wisely, spend it on something you really need/want.