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To: Star Traveler

Set your W-4 form to whatever number of deductions that results in zero federal income tax taken out. I did this last week. (actually I just punched in “20”) I plan on doing this for 6 months, setting aside the $ I will need to pay next year. Hopefully I will time it right so I don’t have to pay a penalty.


44 posted on 04/07/2009 1:26:52 PM PDT by dynachrome (Barack Hussein Obama yunikku khinaaziir)
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To: dynachrome

Be careful. You may have to pay estimated quarterly tax. If you don’t, I think there may be penalties. The FED wants “their” (really your) money when they demand it.


49 posted on 04/07/2009 1:29:24 PM PDT by chimera
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To: dynachrome

Yeah, people can do that, too, in the short run.... But, really, in the long run, either they pay those taxes or they don’t.

I know it will create a lot of problems for a lot of people, initially, but if it’s a groundswell of opposition, then it will make a difference...


50 posted on 04/07/2009 1:29:43 PM PDT by Star Traveler
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