Oh sure, I’ll just request a new W-4 from my human resources department and this time I’ll check the box “Do not deduct taxes from my paychecks.” Why didn’t I ever think of that before? /s
You can do that, or you can falsify your calculations, claiming more dependents than you actually have, reducing your withholding.
You can also go the contractor route, operating as a separate business rather than an employee. 1099 income has no withholding.
People use “exempt from withholding” on a W4 when the majority of their income is from contracting or self-employment and they file their own quarterly estimates.
I’ve known people that have done that. They were very poor, and never stayed very long at their jobs, so nothing ever happened. As an mass organized thing, it could be an effective means of civil disobedience (Thoreau famously refused to pay taxes).
LemmyKnowsBest@lemmy.world 4 weeks ago
Oh sure, I’ll just request a new W-4 from my human resources department and this time I’ll check the box “Do not deduct taxes from my paychecks.” Why didn’t I ever think of that before? /s
liuther9@lemmy.world 4 weeks ago
Sad that it is hard to do simultaneously with majority of taxpayers. Feel like this is the only lever we have as community vs those in power
Rivalarrival@lemmy.today 4 weeks ago
You can actually do that. Read the W4 a little more closely.
LemmyKnowsBest@lemmy.world 4 weeks ago
You mean the box we can check “exempt from withholdings”?
I checked it once for a job I had sometime within the last 15 years., but the IRS obviously ignored it.
Rivalarrival@lemmy.today 4 weeks ago
You can do that, or you can falsify your calculations, claiming more dependents than you actually have, reducing your withholding.
You can also go the contractor route, operating as a separate business rather than an employee. 1099 income has no withholding.
People use “exempt from withholding” on a W4 when the majority of their income is from contracting or self-employment and they file their own quarterly estimates.
sobchak@programming.dev 4 weeks ago
I’ve known people that have done that. They were very poor, and never stayed very long at their jobs, so nothing ever happened. As an mass organized thing, it could be an effective means of civil disobedience (Thoreau famously refused to pay taxes).