A question... if someone gave you $1000.00 tax free

what would you do with it...????

lost

:shrug:

lost

:hi:

lost

But with the holidays over, I figure I'd get it paid off first. I think I'm still working overtime next week. This week was a wash because the boss was sick for a couple of days and the machining center was down, so we just kind of up caught up on stuff.

I like the OT because it adds nearly two hundred bucks a week to my gross. And I just signed up for the company 401(k) for 7.5% of my pay, and short-term disability and some other coverage from AFLIAC. So a lot more is coming out of my paycheck now.

So I'm hoping the OT lasts for a couple of more months, then I'll be all caught up. If it doesn't.. well, I don't do much during the week, so I guess I'll get a part-time job to keep myself busy and earn some extra money. Might as well... otherwise all I do is eat badly while hanging out on DU!

credit card debt

thats what I would do

nice butterfly

where is the polar bear... he was nice


lost

he's not gone

the butterfly is visiting

:hi:

Lenses....

get those perfect moments
in pictures....


legacy



lost

wow

education is awesome


good luck......


lost

This one is missing a screw and a tab key. Haruka was PISSED when my cat broke the tab key off.

we need to stay in touch..!!!

(((hug))))


lost

:hug:

I hear you


lost

Grace period ends in a few weeks.. :scared:

student loans suck...
I'm sorry


lost

The rest I'd invest at the horse track.

bills suck


sorry....


lost

Appreciate it. :hi:

I think we can get a 3 or 4 day package to Vegas for that.. if not, then I know we could get a week in Reno for a grand.
On edit: I'd probably get my star back too.

I hate winter.

Give it to someone else or donate it. Otherwise you'll somehow have to pay for it later.

I mean, "I would give it all away to a worthy cause"

Did I mention that I have no inner dialogue? ;)

or trying to invest it in something that could earn me money back.

I don't like the gov't telling me to be a spendthrift.

use it to pay down debts to qualify for bigger mortgage (right now I can't buy anything in fully functional condition reasonably close to work) OR use it for down payment/closing costs/property taxes on any house. One way or the other, house. I'm sick of paying half my landlord's mortgage and watching them buy new toys.

Thousand bucks goes pretty far in that department.

:hi:


On the other hand, when you need to replace the roof it's a drop in the bucket.

The one I really want is expensive.

:)

:hi:

I wouldn't use it to stimulate the economy, that's for sure.

but a bit into the bank in case of an emergency

Yeah, I spend $4k on dog food a year. I'd love to have a stockpile and then rotate stock each month.

LeftyMom is gonna kill me for this answer.

:hug:

I might take part of it to have the brakes on the car looked at a little closer. Other than that, I'd save it for the bad times that are guaranteed to hit from time to time.

I don't spend on needless crap. I invest.

I'd add it to my son's educational trust account, but I've already donated the max this year.

It never hurts to ask, and I've recently been made aware of a situation beyond my control that's likely to become mad expensive.

I love you Peggy. I do, honestly. But you are too lovely a woman to be trotting around in those gawd awful glasses. :) :)

I am going to get new rims, very soon!

I've been told that I need to, and I agree...

Be patient!

I know you speak out of love!

:hug:

:) Glasses are expensive. I know. If your vision has not changed and your rims still have structural integrity and aren't too awful scratched, I don't blame you for holding onto them. I'm frugal too, and often not exactly stylish sometimes because of it.

Though I can't hardly wait to see you sashay through the lounge in your sparkling new rims. :)

I can afford them...

So...

One of these days!

:)

Add a one and four zeros to my Farm Fund.

Of course, that $1000 would also need to come with a jet. If not, I'd probably just put it in my IRA...

I'm already having to spend almost 2,000 to get it running again. Might as well fix the little stuff, like the windows (permanently up) and the heater/air. I considered getting a new used car, but everything I found for under $2000 was in even worse shape than mine!

:crazy:

yup

Use when needed.

If someone gave you $1000, it would be tax free. Its a gift. Gifts under $10,000 are tax free.

Welcome to DU. :hi:

the person would have to be giving away a huge sum of money before they have to pay gift tax, when last i checked it was hundreds of thousands of dollars but you'd have to check with the irs for the exact amount as it changes every year, but in any case it's the giver who pays the gift tax, not the receiver of the gift

in the old days, after the giver gave you more than $10K in a single year, she or her tax advisor would have to file the appropriate tax report, however, it was still a gift and nobody paid taxes on it

one of my relatives was in nursing care for a great many years and to reduce the size of her estate, each year her advisor/attorney would distribute $10K a year to each of the heirs -- more than that of course once the amount permitted to be distributed was raised

i have received generous cash gifts and pifling cash gifts, in all cases, as receiver of the cash gift, i have never had to pay any taxes

(this is NOT necessarily true if the gift is some kind of grant, with strings attached, i am talking about pure gifts where i was free to spend the money as i pleased)

also it's my understanding that you can give any amount to pay for another person's medical services, IF you put the money directly in the hands of the doctor/hospital involved, however, if you give the money to the person and they in turn pay the doctor, it's included in the $12K reporting requirement

if receiving a gift, always be sure it IS a gift, some "kept women" have been chased by the irs, which claimed their "gifts" were really payment for sexual services -- if you're getting paid to do something, it ain't a gift, it's earned income

as far as i would i did with the gifts, it varies, anything from buying groceries to buying stuff i otherwise couldn't afford, to be honest, i've had at least one gift giver (my dad) outright say he would rather see me use the money on something i would not otherwise treat myself to -- this keeps the idea of the gift from being lost in the shuffle -- i don't think he'd approve of hookers and blow, no, but i think he enjoys seeing a new camera or nice piece of equipment and being told his gift made it possible

Why not? No penalty for paying it off early. Might as well get that first big payment out of the way with a little extra.

instead of loading and driving a truck ourselves.

Unfortunately I have no other option...

"I'll tell you what I'd do, man: two chicks at the same time, man."

:hide:

:hi:


found 1000

I bet I could eat $1000 worth of sushi in 24 hours.

Nothing Bush does will prevent a recession, so I imagine I'll need to pad my emergency fund.