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To: TheOgre

“Every should start claiming 9 on line 5 of your W-4s to greatly slow down the federal income from our taxes.”

I don’t think you should recommend this to people without telling them that it could cost them a lot of money in penalties and interest. If you do not have enough money withheld, they can and will assess a hefty financial penalty.


9 posted on 02/14/2009 7:23:33 PM PST by ga medic
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To: ga medic

The penalties and intrest will not keep up with the devaluation of the dollar when they monetize the debt. Cheap loans. Max out the w-4 and pay it back with totally worthless dollars.


32 posted on 02/14/2009 7:57:51 PM PST by screaminsunshine (f)
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To: ga medic
I don’t think you should recommend this to people without telling them that it could cost them a lot of money in penalties and interest. If you do not have enough money withheld, they can and will assess a hefty financial penalty.

Why worry about paying up unless you think "The One" will nominate you for a cabinet post?

40 posted on 02/14/2009 8:14:29 PM PST by cryptical (The early bird gets the worm, but the second mouse gets the cheese.)
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