In the first step of the tax revolt that is to come,
I would suggest to everyone that they examine their tax returns for this year and see what they’re “getting back”.
Adjust your W4s so that you’re getting “nothing” “back”.
(For each deduction you claim, it’s about $23 per pay period. If you’re getting back $2000, and you get paid 24 times per year, you can take 3-4 (4 you’ll owe, save for it) more deductions)
Here’s the math:
Number of additional deductions = Refund / (23 X pay periods per year)
You can round up one if you save some $$ back to pay it.
Personally, I do what you suggest and in fact keep it close enough that my payment is minimal. They will not get more than they are entitled to and it is on my terms....
Good idea, i did that yesterday. if lots of folks do this it will definitely send a strong message. Do not let them hold your money interest free this year. also, this protects you from getting an IOU instead of your refund such as is happening to Californians this year.
i will do all in my power to sabotage the current federal govt. I am retired military and voluntarily served 2 tours in Nam with the marine corps but i don’t recommend military service to anybody at this point. Our current govt stinks and needs to be torn down as quickly as possible so we can start re-building it.
Thanks, I’m going to adjust my deductions so that I get nothing back!