Innovate Motorsports Twin Screw Supercharger Kit for FR-S/BRZ - Page 71 - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

rice_classic · 01-19-2013, 04:54 PM

Well, since we've all accepted the fact that off-topic is now the fate of this thread I'll add that there's nothing wrong with having 0 or 1 withholdings on your taxes so that you get a "return". Sure it's a free loan to the gubment but if you think about it, what's the easiest way to save money?

Answer: to never have it in the first place. Which is why auto-deduct savings accounts like a 401k are so effective in helping folks save money. So for your average Joe who doesn't have the education/time/interest to think about money it's not such a bad thing to claim 0 and then get a good return. If you think about it, it's like knowing that you're going to get hit hard financially meeting your social-economic obligations in December known as "Christmas" that getting that tax return is a good way to "refill the coffers".

Even if you set your withholdings at 8 and didn't pay any taxes up front (so you had more in your paycheck), most folks would then budget for that amount instead and get hit again come tax time (I think of it getting double hit, since I view Christmas as a Social-Tax). I know this is "illogical" but Behavioral Economics proves that most folks don't approach finances "logically", in fact our economy kind of depends on that fact. Also, most places to stash excess money (aka savings) aren't paying much interest anyway... Heck, my Credit Union pays something like .6%.. Ugh.

Edit: perhaps we should start a tax/economics thread in the off-topic section since it is that time of year?

Celica00 · 01-19-2013, 05:02 PM

Quote:

Originally Posted by King Tut

If your tax return check is big enough to cover the majority of the cost of this kit, then you should really adjust your W4.

oorrrr maybe i'm a student and in a low income bracket... and my wage is commision based (tax is 30-40% for me) so yeah, i'll get a nice sum of monies and no adjustments required.

neutron256 · 01-19-2013, 05:03 PM

Wow I think this may be the new high water mark for threads going off topic on this forum.

King Tut · 01-19-2013, 05:51 PM

Quote:

Originally Posted by neutron256

Wow I think this may be the new high water mark for threads going off topic on this forum.

You are welcome. Sometimes I feel like I am the only one in the country that doesn't get a refund at tax time.

civicdrivr · 01-19-2013, 05:58 PM

Quote:

Originally Posted by King Tut

You are welcome. Sometimes I feel like I am the only one in the country that doesn't get a refund at tax time.

Don't fret, I'm right there with you. And if I do get a refund, it's typically a very small amount.

Calum · 01-19-2013, 07:01 PM

Quote:

Originally Posted by rice_classic

I view Christmas as a Social-Tax.

Wow, that is so profoundly accurate.

As for the reason I get a refund, I typically have a pay raise that results in a little extra being taken off. Also, daycare, home renovations, and my wife's education are all tax deductible.

sdiver68 · 01-20-2013, 12:16 PM

Quote:

Originally Posted by King Tut

If your tax return check is big enough to cover the majority of the cost of this kit, then you should really adjust your W4.

LOL..what are liquid interest rates these days, 1% or less. This was much more relevant years ago. Not even worth the discussion.

King Tut · 01-20-2013, 02:57 PM

Quote:

Originally Posted by sdiver68

LOL..what are liquid interest rates these days, 1% or less. This was much more relevant years ago. Not even worth the discussion.

Has nothing to do with interest rates. Enjoy your big tax return. Make sure to spend it all on a supercharger and help the economy.

Red5 · 01-20-2013, 04:18 PM

Quote:

Originally Posted by King Tut

Has nothing to do with interest rates. Enjoy your big tax return. Make sure to spend it all on a supercharger and help the economy.

Sounds like a win-win to me: Economy gets a boost; I get a supercharger. I fail to see the downside here.

subatoy · 01-20-2013, 04:49 PM

can someone please confirm that this kit will be running 9psi on stage 1.

FreshFRS · 01-20-2013, 04:57 PM

Quote:

Originally Posted by subatoy

can someone please confirm that this kit will be running 9psi on stage 1.

IIRC it's 5psi on stage 1, 9psi on stage 2 with an intercooler.

neutron256 · 01-20-2013, 04:59 PM

Quote:

Originally Posted by subatoy

can someone please confirm that this kit will be running 9psi on stage 1.

Innovative isn't confirming anything until sometime in February most likely. That's why this thread has devolved in to financial planning.

subatoy · 01-20-2013, 05:57 PM

Quote:

Originally Posted by neutron256

Innovative isn't confirming anything until sometime in February most likely. That's why this thread has devolved in to financial planning.

Visconti said they would release numbers in January.

Red5 · 01-20-2013, 06:26 PM

Quote:

Originally Posted by subatoy

Visconti said they would release numbers in January.

Well, Visconti lied. Or at the very least, misspoke. Surprise!

Though January isn't over yet.

Sent from...somewhere?

01-19-2013, 04:54 PM	#981
rice_classic Senior Member Join Date: Jun 2012 Drives: Nevermorange FRS Location: Seattle, WA Posts: 4,174 Thanks: 757 Thanked 4,208 Times in 1,808 Posts Mentioned: 78 Post(s) Tagged: 1 Thread(s)	Well, since we've all accepted the fact that off-topic is now the fate of this thread I'll add that there's nothing wrong with having 0 or 1 withholdings on your taxes so that you get a "return". Sure it's a free loan to the gubment but if you think about it, what's the easiest way to save money? Answer: to never have it in the first place. Which is why auto-deduct savings accounts like a 401k are so effective in helping folks save money. So for your average Joe who doesn't have the education/time/interest to think about money it's not such a bad thing to claim 0 and then get a good return. If you think about it, it's like knowing that you're going to get hit hard financially meeting your social-economic obligations in December known as "Christmas" that getting that tax return is a good way to "refill the coffers". Even if you set your withholdings at 8 and didn't pay any taxes up front (so you had more in your paycheck), most folks would then budget for that amount instead and get hit again come tax time (I think of it getting double hit, since I view Christmas as a Social-Tax). I know this is "illogical" but Behavioral Economics proves that most folks don't approach finances "logically", in fact our economy kind of depends on that fact. Also, most places to stash excess money (aka savings) aren't paying much interest anyway... Heck, my Credit Union pays something like .6%.. Ugh. Edit: perhaps we should start a tax/economics thread in the off-topic section since it is that time of year? __________________ SCCA T4 - FRS

01-19-2013, 05:03 PM	#983
neutron256 Senior Member Join Date: Jan 2012 Drives: '13 GBS Subaru BRZ Location: Minneapolis, MN Posts: 2,030 Thanks: 680 Thanked 664 Times in 382 Posts Mentioned: 26 Post(s) Tagged: 1 Thread(s)	Wow I think this may be the new high water mark for threads going off topic on this forum. __________________ -Fortes fortuna adiuvat (Fortune favors the bold)

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01-20-2013, 04:49 PM	#990
subatoy Senior Member Join Date: Oct 2011 Drives: subatoy Location: Atlanta Posts: 667 Thanks: 32 Thanked 198 Times in 106 Posts Mentioned: 5 Post(s) Tagged: 0 Thread(s)	can someone please confirm that this kit will be running 9psi on stage 1.

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