[NoobRep]

Good idea but when they run short then they’ll just start taking money out of the Social Security trust fund or printing more. Thieves.

[pnh102]

How would this work? If you didn't withhold any money wouldn't the IRS make you pay quarterly taxes instead?

I also think anyone who follows this advice without consulting the type of high priced tax lawyers who can keep one out of prison is being incredibly foolish.

There are plenty of legal ways to starve government. Those who are self employed could consider taking on less work and presumably less taxable income. We could also reduce non-essential purchases to deprive states of sales tax revenue.

The only downside to these activities is that they do not actually reduce government spending. The feds will simply print or borrow more money, and the states will find other methods of creative accounting to burden future generations with the costs of the selfishness of the people of today.

[ikka]

Income taxes go down? They will just add more taxes on gas, booze, and other sales taxes.

I think that is the plan anyways as the boomers start getting their tax-free retirement money.

[Fitzy_888]

Cut the largest mature hardwood tree on your property that is suitable for firewood, roll 12 to 20 foot of the main log out and put it on the edge of the road right-of-way, add sign: “Will Trade for Carbon Credit and Taking Orders”

[Son House]

IRS Withholding Calculator =>> intro

http://www.irs.gov/individuals/article/0,,id=96196,00.html

.
Continue to the Withholding Calculator =>> starts here

http://www.irs.gov/individuals/page/0,,id=14806,00.html

[Kansas58]

I do think you will be subject to a penalty for underpayment. Yes this is legal, as it is not a crime, but there is a tax penalty for underpayment or underwitholding!

[SuziQ]

Don’t feed the government monster.