Skip to comments.Starve The Beast (A FR Actvism Thread to Combat the Rape of the American Taxpayer)
Posted on 02/15/2009 11:52:47 AM PST by Mad Dawgg
This Thread is to bring together Freepers to institute a legal way to Starve the US government of our Tax Dollars. Please add any and all suggestions to this thread for legal ways to STARVE THE BEAST!
Spread the Word to your Non-Freeper Friends. Show people how to keep more of their hard earned money and get more back from Uncle Obama.
OK so here goes:
So you feel like its all hopeless. You feel the inmates are in charge of the asylum.
Yeah its bad BUT there is something we can all do. AND it benefits yourself WHILE putting it to the looters in Washington.
First understand that the engine that drives Liberalism/ Socialism is taxpayer money. Without it they can't do all the crap they wish to.
So the first thing to do is strangle the dollars going to Washington on a weekly basis.
How you ask? Its simple really. Contact your employer and change your withholding on your W-2 Forms. Claim more dependents. This takes less out of your paycheck to send to Washington. (I suggest you claim one or two more than you actually have.)
Take that extra money per pay period and put it in a local bank in a Savings or Money Market account.
If at Tax Time you then owe some back you have it in your savings and you have made money on it rather than giving Uncle Sam a tax free loan on your money.
The next thing you can do is turn a hobby or interest into a legal side business and use it for more tax deductions. (Contact your accountant on the particulars on how to legally do such)
One of the benefits of turning a hobby into a side business is you can take a holiday vacation and legally turn most of it into a tax deduction.
Save for later reading.
This has been planned since early last Spring.
I think NC went blue this last election. Guess all the New England libs have been invading this beautiful state.
But I have confidence in that the Southern by the grace of God natives will rise up again.
I track all my spending on MS Money. Down to the last cent for sales tax and when I get my utility bills, I break that down - let’s me see all the fees, surcharges, taxes and all that the government takes from me in a somewhat stealth manner.
I live in an apartment - I have an outdoor deck - can I grow my own tabaccy in a pot?
As for W4 exemptions, I discussed this with my accountant this year, and he told me that for every exemption, you get approx $23 more takehome per pay period. I bumped mine up and saw about half that. I get paid weekly, though. This might make a difference.
I heard somewhere that no red flags are raised at the IRS until you get into the 11 range.
You are LEGALLY ENTITLED to having less withholding if you got a refund in the previous year. Remember that.
Please add me to your ping list.
Ohhh that is good info!
BTW anyone know of any Freeper Accountants/Tax Lawyers? If so could you please ping them to this thread!
I have posted the formula on other threads:
Additional exemptions = Your refund / $23 / number of pay periods per year
However, like I said, I saw about $12 per exemption on my weekly pay.
Folks, if you do this, SAVE SOME MONEY for next April so you’re not in a pinch.
please add me to your Atlas Shrugged ping list ... thanks
You people are pikers! Think like a leftist. Get laid off. Sweet! You are now set to get 1 year of unemployment. Two fellows I know are happily living on unemployment. When that runs out, food stamps I guess. Now that Obama has made welfare cool the puny tax savings outlined by rightwingers are not going to do near as much to harm the finances as the ever growing use of programs by the left, as well as legitimately unemployed who are caught in the Obama depression.
I was just talking with my son yesterday about these tax tables. He had been offered a job from a temp agency which would pay him about $2 more/hour. He turned it down because he couldn't be sure how long the job would last. He's making pretty good money now, as is his fiancee, and he's got some senority at his present job. I pointed out to him just by getting married the amount that is taken from your check is almost half that for single workers. He and his fiancee have been together for 6 years. It's time they got married!
You’ve been added. :)
You’re on too! :)
My theory is if you change the withholding on your W-4s then you should take all the extra money and put it in a savings/money market account.
Then you earn a bit of interest on it even if you have to pay it back.
The beginning of operation 'Free Cheese'!
Stop pulling the cart, jump in!
Out of curiosity, what percentage of income goes to the gov? No need for specifics. I've guessed at 40% but wouldn't be surprised if it's more.
Operation "Free Cheese"! I like that.
And I have thought about jumping in the cart. When it becomes lucrative enough, I will do just that.
Even if you didn't get a refund, you are entitled to have less withheld. Just don't end up owing so much at the end of the year that you incur a penalty.
“Stop pulling the cart, jump in!”
Count me in: welfare, unemployment, grants, deductions, etc. The ratio of workers to looters is what keeps socialism afloat. Time to change the game, and change the numbers.