If only 1/2 of America pays taxes, I wonder which half that could be? Theoretically what would happen if that 1/2 didn’t file in April? Keep in mind Boston Tea Party was about taxation too.
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If only 1/2 of America pays taxes, I wonder which half that could be? Theoretically what would happen if that 1/2 didn’t file in April? Keep in mind Boston Tea Party was about taxation too.
I was contemplating seeing if a ton of people would just not pay federal taxes if we could get enough people to do that.... what would happen.
Id sure enjoy keeping 15k extra...
It takes 2 years before the letters from the IRS even start to take on an annoyed tone.
Just do it. Change your w2 and claim 20 dependents (100% legal) you will have hardly anything withheld.
The fines for not paying are negligible.
Its all a fear based system.
Remember how we are all going to jail for our crimes committed on Napster?
Yeah, no.
This but also keep money aside for a good tax lawyer if they do decide to be dicks. You’ll probably end up paying less than originally due with a good one.
Well shit. Put your taxes in the market! You'll have all the money you need for a lawyer.
Social Security tax is a scam.
If you retain your money and invest every individual would have more.
It's all just a racket.
You don't claim a number of dependents anymore. You claim a dependent amount, but the effect is the same.
But you can just claim "exempt" from withholding on the W-4. Say you don't expect to owe any tax and your employer will stop taking it out.
You'll have to pay it all when you file.
IRS might start pestering you to pay quarterly estimated taxes, or going after you for non-filing if you didn't even file a return.
Honestly the safest thing to do would be to claim a high dependent amount, then on line 4c of the W-4, declare an "additional withholding" amount of $1. So every check, you have $1 withheld and it doesn't look like you're avoiding withholding. Then just keep your money til tax time. You'll have to pay your entire tax bill at filing time, which isn't til April 15th, so you get to hold onto your money for an extra 4-16 months.
Youre not wrong, and you can do that and still be technically filing your taxes on time. Everyone should be doing that.
We are talking about not payinf taxes at all intentionally even though they are due. People act like they're going to have thr IRS at their door in May if they don't send in their bill in April.
That is not accurate.
First, there's extensions. You can file or not but they don't actively pursue people who haven't paid until the general extensions up in october.
Then they send letters reminding you, quite a few.
Then they fine you a negligible amount.
Then they send more concerned letters.
It's now over a year later.
Still no knocks.
You can do whatever you want, there are consequences but the people acting like its step 1 are promoting fear propaganda.
The whole entire government is based on the idea that people are going to comply. If enough people don't comply there is no recourse for the government.
We need to stick together. This is the classic prisoners dilemma and we are all losing bad.
That's just the stuff you can do "on the record" but there are lots of stuff you can do where you can basically not pay taxes and get away with it. For example, if you buy gold, pay in cash, then you sell it for cash. If you have a gain, simply don't report it and keep all the profit for yourself. You'll never hear a peep from the IRS. Go to coin shows and sell a few coins to different dealers to stay under the reporting requirements.
This is the way.
Been thinking the same. I may change my withholdings and decide later if I want to pay or not....