I finished my taxes over the weekend and I discovered that in 2007 I made a whopping three dollars more than in 2006. Three dollars is three dollars, right? Not so fast, according to this page, I actually made an inflation-adjusted 5% less in 2007 than 2006. Good times for grad students!
Actually, it’s not quite that simple. In 2006 I was paid more for a higher-earning TA position (66% vs. 50%, for those of you in-the-know), and in 2007 my investments covered that difference. So unless the economy collapses (it’s possible!) I can count on my investments continuing to pay off in the long run.
TurboTax told me that I can expect a $600 check from the Treasury. I am sophisticated enough to realize that money is never free. As the government is already running a huge debt, this largesse is just more debt. And who gets to pay for this, why, I will! Depending on the next few congresses and presidents, it could be sooner or later, less or more, but in the end the $600 is not going to be free to me.
So, I give to my dear readers, a list of what I can do with Uncle Dubya’s Money:
- Save/invest the money to prepare for the eventual increase in taxes that has to come.
- Buy some more RC helicopter stuff. I haven’t flown my helicopter since December mostly because I’ve been forcing myself to focus on school. But also to keep me from spending too much money on it. With this money I could upgrade the parts, buy a bunch of spares, or buy a whole new toy! Like a nitro-power RC car.
- Buy a flat-screen television. But then I’d have a nice TV, and I could watch… what on it? I’d have to pay for cable or satellite, or buy a Blu-Ray player.
- Convince Melissa to use her $600 with mine and we could do something really fun, like a trip to Europe. Except then we’d be spending all our money on either airfare or in a foreign country, which isn’t the point of the money, right? And what with today’s weak dollar $1200 buys approximately a nice dinner in Europe. At McDonalds. Maybe Burger King.
- I think now is the time to enter the housing market. The $600/$1200 could go for a down-payment on a nice condo here. And in a couple years we can sell it for huge profits due to the raging San Diego real estate market. A good idea? Maybe not.
- I could also take some cues from the Planet Express team: (p.s. for some reason the whole movie has to download before it will play… which it shouldn’t have to, and I’m confused. It’s only 4mb.)
Sidenote: In the Futurama world, they attack a foreign power for money, and give the bonus to the citizens. It seems to me that if that was the overt reason we were in Iraq, for their riches (oil), while it’s not as palatable as ‘nation building,’ it’s much cleaner and straightforward than our current quagmire with shifting goals. And if we had just seized all their oil like any respectable conqueror we might be on our way to oil independence, of a sort.
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