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If we all didn't pay our income taxes next year as a protest to the bailouts... Archived From: Finance

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soundtechie said:There was an article during the (I think) 2000 year election cycle about a plan hatched by libertarians to move 20,000 libertarian-voting families to new hampshire, as this would give them enough voting power to get at least one senator (I'm typing all this from memory, some of the details may be off).


Of course, they quickly ran into the obvious problem that it's nearly impossible to get 20,000 libertarians to do anything, and the plan was abandoned.

it's called the Free State Project.

very interesting idea...

http://freestateproject.org/


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riznick said:ganda said:...what would happen?

Our government says they can't do anything about 12 million illegals in the country - far too difficult to find and deport 12M people apparently - so what would happen if 12M of us hardworking taxpayers dug our heels in and refused to have our taxes taken to be handed to failed corporations?

I *think* I'm joking, although this country *was* founded through disobedience.

What about 25,000,000 taxpayer protest? Where's the tipping point?


You could just leave the country, if you want it to fail. If enough people don't pay taxes, the country will probably fall apart quickly.
or they can just print money and all will be well!


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OP, don't be a jackass. If you don't want to pay your taxes, feel free, but please don't encourage other people to do the same. First, if you are a wage slave, they KNOW you owe taxes because your company files a W-2. Therefore, it does not take much to haul your ass in for an audit to inflict taxes and penalties.

Pay your taxes, deadbeat. Don't use "protest" as a way to avoid your obligations to pay the tax that is due.


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Jackass? Who put itching powder in your regulator?

I'm not an employee, and you have a very, very low opinion of your fellow posters if you think a semi-humorous musing on a web forum would encourage ANYONE not pay their taxes. Shit, y'all PayPal me $100 and I'll make yer 401(k)s go up now, ya hear me


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there must be worse things for the govt has done than to bail out irresponsible parties with responsible people's money...

you want to protest the bailouts, why not the war in iraq or pro/con universal healthcare, gay marriage, free the chickens, whatever. where will the tax dodging in the name of good/bad end?


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ganda said:...Our government says they can't do anything about 12 million illegals in the country - far too difficult to find and deport 12M people apparently...Only SOME people in the federal government have the attitude that either nothing can be done about illegal immigration or that nothing should be done about it (other than make it easier for illegal aliens via sanctuary cities, free healthcare, etc.).

It was primarily a campaign tactic, intended to buy votes from sympathetic ethnic groups.

Apparently it worked.


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1


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svap said:riznick said:...b. The USA taxes on citizenship not residency (so they'll get ya anyway).

USA taxes on residency. You don't need to be citizen to get SS# with authorization to work.

It doesn't even tax on residency!! Even an illegal can pay taxes!


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Heh, just because it doesnt make good economic sense doesnt mean our government wont do it. Case in point, using borrowed money to bail out failed or failing businesses.


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cid911 said:svap said:riznick said:...b. The USA taxes on citizenship not residency (so they'll get ya anyway).

USA taxes on residency. You don't need to be citizen to get SS# with authorization to work.


It doesn't even tax on residency!! Even an illegal can pay taxes!
<<<<residents live here retard
once Juan goes home to Mexico he no longer pays taxes as a Citizen would.


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I don't understand why the government (see also freddy+fannie+TARP) doesn't readjust all mortgages to 3% and offer 3% mortgages until dec 2009 to get rid of existing homes? Then they could lump everything together and stamp it AAA and sell it for $.9/$1.

I mean who wouldn't want a 30 year 3% mortgage? Heck even I'd buy a house, and we wouldn't have to keep hugo chavezing our country. My huge stock losses don't make me nearly as mad as chavez does by making fun of us for doing the exact things he does to his country...minimalizing public exposure to big business by taking over public firms.


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JTFH said:EDIT: The country didn't "fail" before it had income tax. There are several state governments that do very well without income tax... It's obviously not impossible, but we would have to change our perception of government (as Ron Paul said).

The country didnt have nearly as much spending as it does today. People vote for more and more and more and more and more and more spending.

Now our government is extremely dependant on that money. Progressive income tax is the only tax that will keep today's peons from revolting.


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ceobeaver said:They would just create the difference out of thin air and spend double the amount we withheld trying to impose fines and prison terms.

Seriously. A lot of people in this thread seem to think that there is actually some connection between the amount the government collects in taxes and the amounts that it spends. How do you think deficit spending works? What makes you think that less tax revenue will suddenly make our legislators act responsibly?

Whether or not people "protest" by not paying taxes, the reality is that tax revenues are going to decrease significantly (smaller economy = smaller amount of taxes collected), and it will be political suicide to attempt to either raise taxes or cut spending during a recession. Instead they will borrow the money into existence, regardless of how much currency depreciation this will cause.


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Keynesian economics is going to destroy us. M3 be dammed. PRINT PRINT PRINT. We must have stimulus because obamanamics says so. Yes we can destroy dollar more, Yes we can have 4 more years of printing. Yes we can. Any american business is too big to fail because Paulson and bernake said so and its not your money an more. It belongs to Hank Paulson and buddies.


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ganda said:...what would happen?
I'm with you buddy. Was prepared to too, and imagine my surprise when I stumbled across this Hendrickson guy who says LEGALLY, YOU SHOULD NOT BE PAYING INCOME TAXES. You may find it hard to believe, a bit hard to read, and it may make you MAD AS HELL, but the federal income tax is not what most Americans have been led to believe. His argument is somewhat hard to summarize but here's a 3-page attempt. And since his book's publication in 2003, he's never lost a federal lawsuit, been imprisoned, or had property confiscated. Anyway, I'm getting a refund and sending NO MORE $ TO WASHINGTON! WHO'S WITH ME?


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Hmm intresting. I sure am if this works.


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ganda said:...what would happen?

Our government says they can't do anything about 12 million illegals in the country - far too difficult to find and deport 12M people apparently - so what would happen if 12M of us hardworking taxpayers dug our heels in and refused to have our taxes taken to be handed to failed corporations?

I *think* I'm joking, although this country *was* founded through disobedience.

What about 25,000,000 taxpayer protest? Where's the tipping point?

I can't agree to this out of principal. Sure, a portion of our taxes will be to assist the bailout plan. But our income taxes are also used for federal services which have nothing to do with the bailout. Isn't this what is happening now? The innocent (people who never participated in the mess) are being punished? By not paying your income taxes to "protest" the bailout, you would be doing exactly the same. Two wrongs do not make a right.

In addition, are you prepared to fully accept the consequences by not paying your income taxes?

While I admire your intentions, this line of thinking is exactly how we get ourselves into these problems. Where is the morality, the ethics, the responsibility?

The time to protest the bailout was 2 months ago. Did you call Congress, fax your representatives, etc? We have to better our country and society by bettering ourselves as individuals. Sorry, but not paying your income taxes, as much as I would like to also, is not going to make things better.


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IRS will create more jobs !!!


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DavidScubadiver said:OP, don't be a jackass. If you don't want to pay your taxes, feel free, but please don't encourage other people to do the same. First, if you are a wage slave, they KNOW you owe taxes because your company files a W-2. Therefore, it does not take much to haul your ass in for an audit to inflict taxes and penalties.

Pay your taxes, deadbeat. Don't use "protest" as a way to avoid your obligations to pay the tax that is due.
OP would last about three seconds under an IRS auditor's scrutiny before he/she broke.


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DisciplineHedge said:ganda said:...what would happen?

Our government says they can't do anything about 12 million illegals in the country - far too difficult to find and deport 12M people apparently - so what would happen if 12M of us hardworking taxpayers dug our heels in and refused to have our taxes taken to be handed to failed corporations?

I *think* I'm joking, although this country *was* founded through disobedience.

What about 25,000,000 taxpayer protest? Where's the tipping point?


I can't agree to this out of principal. Sure, a portion of our taxes will be to assist the bailout plan. But our income taxes are also used for federal services which have nothing to do with the bailout. Isn't this what is happening now? The innocent (people who never participated in the mess) are being punished? By not paying your income taxes to "protest" the bailout, you would be doing exactly the same. Two wrongs do not make a right.

In addition, are you prepared to fully accept the consequences by not paying your income taxes?

While I admire your intentions, this line of thinking is exactly how we get ourselves into these problems. Where is the morality, the ethics, the responsibility?

The time to protest the bailout was 2 months ago. Did you call Congress, fax your representatives, etc? We have to better our country and society by bettering ourselves as individuals. Sorry, but not paying your income taxes, as much as I would like to also, is not going to make things better.

Maybe this will ease your pain.

You have to be in the top 20% for your money to go to the bailout. If you are making that much, you might lean towards the bailout as it may help your portfolios... Obama plans that nearly half of americans wont even be paying any federal income tax. 80% or so wont even pay enough to cover their own services.


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