Really? Has Directive 10-289 gone into effect, and nobody told me?
The tax revolt I have been referring to is, simply, as in my tagline. Stop making income and you stop paying income tax.
If there's anything illegal about retirement at any age, I do hope you'll instruct me.
Work will make you free! ;^)
Ohhhhh, so that’s what you mean...Ok, fair enough...You gave me the impression you were willing to not pay taxes...
And since you didn’t clarify that you are retired, well, nobody I suppose is meant to be a mind reader...I only go by what I see in that post...So you got me there...
And don’t put words in my mouth either, I mentioned nothing about what and when some one should retire...You just mentioned that, and since you did, sure, I have something to say about that as well...Maybe nothing to instruct you with, as I am sure you have it all figured out in the first place...
BTW, why do you think that citing some fictitious directive from a rather popular book like Atlas Shrugged would go into effect in real life???
There would STILL be NOTHING legal about a tax revolt...Dispite the fictional account you discribe...
Now before you get it all up in a wad...I would be with anyone about revolting on tax (revenue generating) issues, based simply upon the application of those revenues for things like entitlements (spending) alone...
But for now, the power to levy taxes rests upon the congress...Wouldn’t it be better to get those taxes revoked within that body, than just not paying which brings more harm to tax code reform than just not paying it...Sure, I could go all out and not pay, but the forces brought upon anyone doing that is probably not condusive to retirement plans most of us have already...It kinda messes that up...
Just my opinion...And certainly open for scrutiny...
You are correct, Lady Lucky !
The IRS says you should take all deductions that you are entitled to. With some research and a good accountant a person can set up a small business and take advantage of many of the 'loopholes' legally. I find it odd so many people parrot complaints about the system without any real knowledge of the power they have to control their taxable income.
Another legal option is to go to the extra effort of doing for yourself what you would otherwise pay to have done. This has the effect of stopping money from changing hands (and being taxed each time) thus reducing your income needs.
Going Galt does not mean that one stops working. It means that you must understand how your actions either benefit or detract from your desired goals.
Galt stopped making income by taking a menial job. He didn't stop working though. Being productive should not be measured by ones income, rather by ones sense of accomplishment.