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Old 03-01-2007, 12:01 PM   #21
Badzx14r
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Old 03-01-2007, 12:01 PM   #22
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Quote:
Originally Posted by AliceInChains02
how much does it cost to raise a child?
You won't save money. Trust me.

"In your baby's first year alone, you can easily spend between $9,000-$11,000 (for diapers, formula, baby furniture, clothing, baby gear, etc.)

Two things that can save you money right off is deciding to use cloth diapers, using 2nd hand items and breastfeeding.

If you go back to work right away, childcare can cost as much as $3,000-$4,500 in your baby's first year, not to mention the higher insurance premium for adding an additional person. If you can stay home with your baby, you can save money."

Total for 18 years is about $150-$200K.
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Old 03-01-2007, 01:51 PM   #23
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Originally Posted by andre3k
I went and had my taxes done last nite, my accountant says that I owe 6500this year, this was after about 16k in deductions. I just payed 6300 back in November from when I was audited in 2005. Thats almost 13k to the US goverment in less than 6 months WTF??? Anyone else have to pay this year?
1099?
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Old 03-01-2007, 01:54 PM   #24
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yeah, IRS always ripps my tail every year but oh well. I rather receive some of my own money back that pay more, so you may want to start contributing to them more every month or quarter.
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Old 03-01-2007, 01:58 PM   #25
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Quote:
Originally Posted by denhou1974
You won't save money. Trust me.

"In your baby's first year alone, you can easily spend between $9,000-$11,000 (for diapers, formula, baby furniture, clothing, baby gear, etc.)

Two things that can save you money right off is deciding to use cloth diapers, using 2nd hand items and breastfeeding.

If you go back to work right away, childcare can cost as much as $3,000-$4,500 in your baby's first year, not to mention the higher insurance premium for adding an additional person. If you can stay home with your baby, you can save money."

Total for 18 years is about $150-$200K.
If your lucky.......they are the gifts that keep on TAKING
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Old 03-01-2007, 02:17 PM   #26
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2004 I had to pay back 6k, 2005 was 7k, this year might be more like 5k

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im not a midget , i was actually born with a type of dwarfism, but i took medication for 12 yrs to reach just 5'6"
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Old 03-01-2007, 03:01 PM   #27
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You guys are getting off cheap.
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Old 03-02-2007, 09:14 PM   #28
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Quote:
Originally Posted by andre3k
I went and had my taxes done last nite, my accountant says that I owe 6500this year, this was after about 16k in deductions. I just payed 6300 back in November from when I was audited in 2005. Thats almost 13k to the US goverment in less than 6 months WTF??? Anyone else have to pay this year?
I'm +4000 on ya.... they just hit me up for 10 large :BangHead: :BangHead:
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Old 03-03-2007, 12:31 AM   #29
Greg in H-town
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Andre -

Just for 'n grins, go buy a copy of TurboTax and run your numbers through that. You don't have to file with it, just use it for a second opinion. If this big tax bite came as a surprise to you then your accountant ain't doing their job unless you use them only for doing your taxes at the end of the year. Figuring and filing your yearly return is easy money for them; they should also work with you on your finances during the year so you know in advance what you're looking at before you file.
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Old 03-03-2007, 01:45 AM   #30
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yeah, i was in the same boat for 2005. I owed like $3500. I am an independent insurance adjuster..so its pretty much self employed.
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