When you work, you fill out a w4 which denotes the amount of dependents you have. In turn, the taxes which are withheld are directly based on that info. You can re-file a w4 every quarter by law.
Bottom line, you can minimize your tax nut to be equivalent to the amount you owe as opposed to paying in more and getting a return. Your paycheck will be higher to reflect that change. Even if you don’t cut out on taxes, it’s better than giving them a free loan, especially in Q1 and Q2 when they are looking to pay the loan back with tax returns.
I understand that but they catch that shit real quick. At least they did with me lol. I only reported half my income once to get a bigger chunk of what was stolen from me back. Now I have it set it up so I end up owing a little to avoid giving them an interest free loan each year. And if you resist theft from the IRS they will simply drain your bank account.
How does one not pay income and sales tax? Merchants won't sell without collecting taxes and taxes are taken out of paychecks automatically.
Sales tax is state. I was referring to Federal Income Tax
When you work, you fill out a w4 which denotes the amount of dependents you have. In turn, the taxes which are withheld are directly based on that info. You can re-file a w4 every quarter by law.
Bottom line, you can minimize your tax nut to be equivalent to the amount you owe as opposed to paying in more and getting a return. Your paycheck will be higher to reflect that change. Even if you don’t cut out on taxes, it’s better than giving them a free loan, especially in Q1 and Q2 when they are looking to pay the loan back with tax returns.
I understand that but they catch that shit real quick. At least they did with me lol. I only reported half my income once to get a bigger chunk of what was stolen from me back. Now I have it set it up so I end up owing a little to avoid giving them an interest free loan each year. And if you resist theft from the IRS they will simply drain your bank account.
...that stopped with the 2020 revision on the w4.