Viewing a single comment thread. View all comments

27Wars97 t1_j6aejuq wrote

Reply to comment by natemiller420 in LPT Request: Why is my tax return so low? by ChickenCheeks7

Oh damn foreal? My tax return is close to 8K

−1

Cysir t1_j6ahp29 wrote

Imagine if you invested that money in ExxonMobil throughout the year it would be closer to $12k. That's why you want to avoid big refunds because you miss out on potential gains.

1

Gunzenator2 t1_j6b7q7t wrote

Don’t pick the 1 sector of investments that did the best last year and say “you’ll make 50% returns every year forever, you dummy.” Cause it won’t happen. Track the S&P for steady returns and even with that, you would be down like 13% for 2022.

9

Cysir t1_j6b95vw wrote

It was just an example, boss

−5

Gunzenator2 t1_j6b9k40 wrote

Cool cool. Imagine if he bought scratch offs and won 10k a week for life! Never have to work again!!

2

Cysir t1_j6b9nq9 wrote

True, that would be dope

−2