If it were only that easy. As long as other countries are still buying our treasuries, the beast lives on."
What would happen if taxpayers just kept filing for extentions to stop the flow of money to Washington?
“What would happen if taxpayers just kept filing for extentions to stop the flow of money to Washington? “
As best I know, if you owe, then you would still pay interest and penalities when forced to complete your filing down the road. Then, when you refuse to pay, they go for your checking, savings, investments, retirement accounts, homes, cars, furniture etc etc etc...whatever they can get their greasy hands on. The IRS has more power than Hitler, Stalin, and Mussolini combined ever dreamed of possessing.