How are you spending your stimulus check?

MPOWER5266 · 04-15-2020, 03:56 PM

I lied, Im going to use my check to pay for the lease I cant afford on one of my 5 BMWs.......

ky0u · 04-15-2020, 04:10 PM

I got a stimulus check and I own 6 vehicles including 2 bmws? What do?

Conissah · 04-15-2020, 04:31 PM

Quote:

Originally Posted by ky0u

I got a stimulus check and I own 6 vehicles including 2 bmws? What do?

Go to prison for tax evasion.

DETRoadster · 04-15-2020, 04:56 PM

Hookers and blow. Duh.

MKSixer · 04-15-2020, 05:07 PM

Quote:

Originally Posted by DETRoadster

Hookers and blow. Duh.

Thank you. I knew you were dependable!!

#newbies!! SMFH!!

UncleWede you need to train these newbies better. Especially about GETTING OFF MY LAWN!!!

dreamingat30fps · 04-15-2020, 05:13 PM

Quote:

Originally Posted by MPOWER5266

I lied, Im going to use my check to pay for the lease I cant afford on one of my 5 BMWs.......

How much for the fat dancing pony? I'll give you $1,200

jimbobiggens · 04-15-2020, 05:13 PM

In my particular instance, I have not bought a vehicle for myself since '01. I bought a Ford Lightning and I was happy with that truck and didn't need or want another vehicle. I bought a six year old F30 a little over a year ago on a whim. I could have just as well bought an M3. Kinda puzzling to say I shouldn't have a BMW just because I qualify for a stimulus check. I guess painting with a broad brush.....

9M71 · 04-15-2020, 05:25 PM

I can finally afford the red M buttons from IND now

MKSixer · 04-15-2020, 05:26 PM

Quote:

Originally Posted by 9M4N71U

I can finally afford the red M buttons from IND now

I got those, as well!! At least 30 bHP!!

DETRoadster · 04-15-2020, 05:43 PM

Quote:

Originally Posted by MKSixer

Thank you. I knew you were dependable!!

#newbies!! SMFH!!

UncleWede you need to train these newbies better. Especially about GETTING OFF MY LAWN!!!

Well you know, I was going to say "hookers, blow, steak, and martinis" but it's only $1200 and I have my quality standards for all. $1,200 barely cover my $1k hooker and $200 in blow for her.

MKSixer · 04-15-2020, 05:53 PM

Quote:

Originally Posted by DETRoadster

Well you know, I was going to say "hookers, blow, steak, and martinis" but it's only $1200 and I have my quality standards for all. $1,200 barely cover my $1k hooker and $200 in blow for her.

Yeah, we'd have to pool a few stimulus checks for all of those. Economies of scale...

E91WAG3N · 04-15-2020, 06:58 PM

This thread is fantastic. Not everyone is carrying a $1,000 lease payment or lives in NYC/SF/LA. Threads like this make me miss the old bimmerforums days.

My wife is a stay at home mom with toddlers and we're jointly under the $150k threshold. We bought our house in Las Vegas as the recession was ending in 2012. Guess I should sell my cars?

In all seriousness, stock most away for a rainy day and put some towards our highest interest debt.

jmg · 04-15-2020, 09:25 PM

Quote:

Originally Posted by rcracin

Pretty sure most owners here aren’t eligible for a stimulus check. And if anyone on here is, they should reconsider their priorities and whether they should be owning an m3 while being eligible for a government stimulus payment.

Quote:

Originally Posted by NorthCountryGuy

Surprising to see BMW owner(s) with numerous mods being eligible to get these checks. Priorities skewed or you hide money well.

A lot of us are self-employed. My cars are a business expense, as well as a portion of my mortgage because I have a home office. That means partial utilities and maintenance too. So there's personal income, of which I pay myself only enough for basic necessities and personal investments. Then there's my corporate income, which is significantly more, but there are many deductions and tax breaks to reduce taxable income. However, that doesn't even matter, because they don't look at corporate income, only personal. My wife no longer has to work, and we filed jointly with her making $0. If she was still working we wouldn't have qualified. So I got the full amount plus the child bonus.

I shouldn't qualify for the stimulus check, I didn't expect it, and I didn't ask for it. But because I have a great accountant who came up with a good tax plan, I got one. I'm sure many more M2/3/4/6/8 owners or anyone who can do this are doing the same. It's just smart accounting.

I'm saving it. Or getting track wheels when this is over.

Banana Hammock · 04-15-2020, 09:29 PM

Tacos. Lots and lots of tacos.

upstatedoc · 04-15-2020, 09:52 PM

Quote:

Originally Posted by Banana Hammock

Tacos. Lots and lots of tacos.

From where though that's the key

Banana Hammock · 04-15-2020, 10:03 PM

Quote:

Originally Posted by upstatedoc

From where though that's the key

When this is all over. The dirtiest hole in the wall Mexican place in my city. The tripe there is just amazing.

UncleWede · 04-15-2020, 10:34 PM

Quote:

Originally Posted by Banana Hammock

Quote:

Originally Posted by upstatedoc

From where though that's the key

When this is all over. The dirtiest hole in the wall Mexican place in my city. The tripe there is just amazing.

No fish??? I thought MKSixer said this was the h/b thread in training??

MK, maybe whet his appetite with a little prancercise?

MKSixer · 04-15-2020, 10:39 PM

Quote:

Originally Posted by UncleWede

No fish??? I thought MKSixer said this was the h/b thread in training??

MK, maybe whet his appetite with a little prancercise?

This is a special occasion. It requires high level intervention...

M_Six · 04-15-2020, 10:48 PM

Financial status snobbery aside, I keep seeing reports (rumors, innuendo, etc) that these checks are just an advance on next year's tax returns. As in, if you got $2400 as a couple out of this, your return for next year will be whatever your expected tax return would have been, minus $2400. That you could end up owing taxes next year because of this.

Anyone with more knowledge (and less whiskey in them than I) care to comment? Tell me I'm wrong.

jimbobiggens · 04-15-2020, 11:10 PM

That does not surprise me at all, in fact it makes perfect sense. Ain't that how the gubmint works? Dangle a lil money in yer face and make you think you getting something, all the while plotting how to get it back plus interest?

Banana Hammock · 04-15-2020, 11:11 PM

Quote:

Originally Posted by UncleWede

No fish??? I thought MKSixer said this was the h/b thread in training??

MK, maybe whet his appetite with a little prancercise?

Oh. Yes fish but not from the same place. I feel like places that make really good fish tacos drop the ball on everything else.

UncleWede · 04-15-2020, 11:45 PM

Quote:

Originally Posted by M_Six

Financial status snobbery aside, I keep seeing reports (rumors, innuendo, etc) that these checks are just an advance on next year's tax returns. As in, if you got $2400 as a couple out of this, your return for next year will be whatever your expected tax return would have been, minus $2400. That you could end up owing taxes next year because of this.

Anyone with more knowledge (and less whiskey in them than I) care to comment? Tell me I'm wrong.

Really just an advanced payment of a tax credit for the 2020 tax year.

04-15-2020, 03:56 PM	#45
MPOWER5266 Major 4778 Rep 1,189 Posts Drives: 1997 Dinan m3 Join Date: Oct 2017 Location: Ga iTrader: (0)	I lied, Im going to use my check to pay for the lease I cant afford on one of my 5 BMWs.......
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04-15-2020, 04:10 PM	#46
ky0u Captain 1071 Rep 953 Posts Drives: e92 335i, f22 m235i, e30 325is Join Date: Sep 2010 Location: San Diego iTrader: (1) Garage List 2015 BMW M235i [0.00] 1988 BMW 325IS [0.00] 2007 BMW 335i [0.00]	I got a stimulus check and I own 6 vehicles including 2 bmws? What do?
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04-15-2020, 04:56 PM	#48
DETRoadster Space Force - 4 Star General 11499 Rep 3,265 Posts Drives: M2 MG 6MT / Moto Guzzi V7 Join Date: Jul 2016 Location: Seattle iTrader: (1)	Hookers and blow. Duh.
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04-15-2020, 05:13 PM	#51
jimbobiggens Lieutenant 839 Rep 440 Posts Drives: 2013 335i xDrive Join Date: Nov 2018 Location: jackson tn iTrader: (0) Garage List 2013 335i xDrive [0.00]	In my particular instance, I have not bought a vehicle for myself since '01. I bought a Ford Lightning and I was happy with that truck and didn't need or want another vehicle. I bought a six year old F30 a little over a year ago on a whim. I could have just as well bought an M3. Kinda puzzling to say I shouldn't have a BMW just because I qualify for a stimulus check. I guess painting with a broad brush..... __________________ I'm not completely useless, I can be used as a bad example.
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04-15-2020, 05:25 PM	#52
9M71 Major 1246 Rep 1,177 Posts Drives: M3 Join Date: Jul 2019 Location: NYC iTrader: (2)	I can finally afford the red M buttons from IND now
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04-15-2020, 06:58 PM	#56
E91WAG3N Wagon Addict 1249 Rep 1,217 Posts Drives: E39, E91, E91 Join Date: Sep 2015 Location: Las Vegas iTrader: (2)	This thread is fantastic. Not everyone is carrying a $1,000 lease payment or lives in NYC/SF/LA. Threads like this make me miss the old bimmerforums days. My wife is a stay at home mom with toddlers and we're jointly under the $150k threshold. We bought our house in Las Vegas as the recession was ending in 2012. Guess I should sell my cars? In all seriousness, stock most away for a rainy day and put some towards our highest interest debt. __________________ Build thread: https://www.e90post.com/forums/showthread.php?t=1453866
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04-15-2020, 09:29 PM	#58
Banana Hammock Beefcake 3738 Rep 711 Posts Drives: R32 GTR Join Date: Apr 2016 Location: Los Angeles iTrader: (2)	Tacos. Lots and lots of tacos.
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04-15-2020, 10:48 PM	#63
M_Six Free Thinker 19292 Rep 7,549 Posts Drives: 2016 MB GLC300 4matic Join Date: Jan 2009 Location: Foothills of Mt Level iTrader: (0)	Financial status snobbery aside, I keep seeing reports (rumors, innuendo, etc) that these checks are just an advance on next year's tax returns. As in, if you got $2400 as a couple out of this, your return for next year will be whatever your expected tax return would have been, minus $2400. That you could end up owing taxes next year because of this. Anyone with more knowledge (and less whiskey in them than I) care to comment? Tell me I'm wrong. __________________ Mark markj.pics "Life is uncertain, eat bacon now." -UncleWede
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04-15-2020, 11:10 PM	#64
jimbobiggens Lieutenant 839 Rep 440 Posts Drives: 2013 335i xDrive Join Date: Nov 2018 Location: jackson tn iTrader: (0) Garage List 2013 335i xDrive [0.00]	That does not surprise me at all, in fact it makes perfect sense. Ain't that how the gubmint works? Dangle a lil money in yer face and make you think you getting something, all the while plotting how to get it back plus interest? __________________ I'm not completely useless, I can be used as a bad example.
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