Soft Tax-Revolt - Good/Bad Idea? Max your W-4 dependents

think that you could have a significant impact over a relatively short period of time. This has been done in the past. The IRS simply cracked down on employers and the effect was relatively short-lived. I'm not against the idea. The whole withholding system was supposed to be a temporary condition when it was established, but took on a life of its own. I would like to do away with the whole concept of withholding monies, to pay for a legally-dubious tax that isn't even due until April of the following year, and let people undertake the process themselves. Then, when the tax bill comes due, we'll see how many people there are who want to lower taxes when they discover that they don't have anything like the monies necessary to pay over some foolish income tax......a tax that they never should have owed in the first place. I encourage people to stop working for the man, so to speak, whenever they can and stop working for themselves.
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"An economy built on fiat money is a society on its way to ashes."

It's a good idea, becoming even more important now that states have taken to not refund excessive withholdings. Just stay within the legal limit, and remember to put the money aside, so you don't get in trouble when you eventually do have to pay.

Dear sirs,

I was thrilled to see the Dr Ron Paul site for the max out W4 dependents.

Since passage of the bailout (give away) and the so-called stimulus package, I have been thinking very hard how individual taxpayers could somehow get back at the Congress. Those folks have only two things on their minds; how can I get reelected, and how can I get my salary increased.

Too many taxpayers us Federal Income Tax and State Income Tax as a savings account, letting the government use billions of dollars interest free. Somehow we who are fed up need to get the message out that folks must begin to manage their own money.

So anyway, I am 100% in favor of using the W4 to send a message, but not necessarily the max out of dependents. Do the calculation so that you own a reasonable amount of federal and state taxes. Then a second step in the W4 revolt would be to apply for a tax extension. I believe that the penalty on an individual would be rather small as compared to the effect on the government coffers. I can't imagine

Thank you Ron

and im a grumpy anal bastard who likes symmetry :)

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“Revolutions never go backward.”
Wendell Phillips

I've been taking 12 for the past year due to a very large mortgage interest deduction. Should wash out when I do my 2008 taxes, that's the idea. I don't owe them and they don't owe me, at least not a lot, we got royally screwed last year on capital gains.

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...In Liberty

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Have had zero withheld from my monthly pay for two decades. Perfectly legal. I stll pay taxes, just don't pay before they are due. Paying more than is needed every month is giving the gov't an interest-free loan, starting 15 months before taxes are due. That's dumb. Bragging about a big refund is like bragging about ignorance of how the tax system works.
Here's the drill. Monthly witholding was set up in WWII as a convenience to people working on gov't projects. It's the forerunner of "monthly installment" payments. Exemptions based on the number of dependents was a ball-park estimate of taxes due next April 15th. I know the W-4 instructions used to say, "if your refund is excessive, raise the number of exemptions" in order to lower the amount taken from your monthly paycheck. I started with 25 and later lowered it to 10. My goal, zero with-held.
The ideal for most is break even or owe a small amount. If you have zero withheld, most folks will still owe taxes. The IRS rule is taxes are due Jan 1 and if you haven't already paid 90%, they begin charging penalty and interest. So be aware of that. You will have to write one "big" check at some point.
So, why do it:
-Principle: It's my money...till I send them a check
-I can spend, invest, play with all "my" money till it's actually due.
-Sends a message.....I'll pay when I'm good and ready
-Allows time to evaluate the gov't actions thru the year. What if they do something I just can't support with "my" money.
-What if they go belly up? Gonna pay a defunct entity?
-Wouldn't it be sweet to kick, owing no one but them?

Again, If you owe taxes, you will have to pay them, plus interest and penalty. So, it's not for everyone. I always pay all my taxes....just not starting Jan 1 of the previous tax year. Give it a try and see if it works for you. And remember you can send in a partial payment by Apr 15, along with the automatic extension form, that gives you till 15 Oct to finish paying up. Of course, in Nov, they'll send you a bill for the penalty and interest, but hey, you've taken almost two years to pay off the tax, while most others are giving the gov't a 15 month advance, no interest loan. hehehe
If you gotta pay em, might as well make em wait and have to nearly beat it outta ya?
I am NOT a tax advisor and you must do your own research and make your own decisions. And, again, I pay all my taxes, always.
To answer the question: It may have some effect on the gov't, though not much. The gov't is not dependent on individual tax receipts to function. It more of a poke in the eye...principle thing for some.
But it is still a protest and it's completely legal.
"..shall not be infringed."

Abosolutely! Everyone, give yourselves a raise!

http://www.campaignforliberty.com/user/BeaReady/
http://www.ohiofreedom.com/subd/

and pay $0.00 in income taxes. of course, i first did it so i would be able to afford to live!! upon further thought, if i give a criminal money to break the law with, i go to jail for aiding and abbeting. so how can i legally pay taxes?! think about it.